Final Thoughts
October 29, 2026
Written by Edward Meir
After flying into a rain-soaked London last week seeking answers to questions on key issues in the aluminum space, we left the city with uncertainty remaining.
As always, the speakers at LME Week 2026 did a solid job in evaluating the fundamentals for each of the metals they were covering, but most shied away from providing specific price forecasts. Who could blame them given the imponderables below:
The shipment was part of an offtake agreement between private investment group Heeney Capital, Mercuria Energy Group and the Venezuelan government.
Stellantis’ Etobicoke Casting Plant faces uncertain production commitments and potential operational disruption as Unifor prepares strike authorization votes.
Commercial vehicle orders have surged in 2026, but policy-driven timing may be making the market look stronger than current production and supplier sales.
The Midwest premium could slip if Canada reroutes primary back to the US. But the balance in supply would still be coming from other countries, likely the Persian Gulf.
