News

December 14, 2025
Edward Meir's Week in Review for AMU: Dec 15, 2025
Written by Edward Meir
Base metals ended mostly lower last week as many complexes were quite overbought and arguably due for a correction.
Metals and steel
News

December 14, 2025
Written by Edward Meir
Base metals ended mostly lower last week as many complexes were quite overbought and arguably due for a correction.
Outside of energy, base metals had a mixed week. Tin lost almost 4% on the week, finishing at $53,000/ton. Prices dropped to a low of $51,259/ton at one point. Aluminum was another loser, off by about 1.6% on the week. Investors are expecting more aluminum supply going forward, especially out of China and Indonesia.
AMU will pause its emailed Pulse newsletter during Summit week while continuing coverage ahead of and after the 2026 event in Atlanta.
The contract covers roughly 3,400 workers in Davenport, Iowa; Alcoa, Tenn.; Lafayette, Ind.; and Massena, N.Y.
Century Aluminum CEO Jesse Gary said his company could start up its new smelter in Oklahoma ahead of schedule if the permitting process moved more quickly.
We had another very sloppy week in the US equity markets, although commodities fared better. All three major equity indices are now in correction territory (down 10% or more from their highs) on account of both the Iran war and the rising interest rates the conflict is generating.