Pulse
March 8, 2026
The first full week of the conflict with Iran is behind us and the market fallout has not been pretty.
In last week’s note, we expressed some cautious optimism that crude oil prices could moderate once the initial knee-jerk price reaction played out. But clearly, this was not the case.
EGA has restarted 631 of Al Taweelah’s 1,262 reduction cells and still expects the smelter to return to full production in Q1 2027.
At ADI’s facility in Mississippi, all three cold mills are now operational, which will allow ADI to access the full 650,000-metric-ton annual capability, the company said.
Recycler forward views shifted toward undersupply in October even as Midwest Premium and UBC expectations moved lower.
Ken Simonson, chief economist for the Associated General Contractors of America (AGC), will join SMU and AMU for a Community Chat webinar on Wednesday, Oct. 28, at 11 a.m. ET.
Alcoa expects two other unnamed sites to follow the Massena East sale.
