This piece examines how markets responded over the past 24 hours to the Federal Reserve's latest rate cut, tracking shifts in metals and money markets following Chair Powell's comments.
It was a generally more positive week for most markets as a better tone in US equities ushered in a measure of stability. The bitcoin/crypto sell-off eased somewhat as well. Some of the battered AI-related names also recovered. The likelihood of another December Fed rate cut this week also helped sentiment.
Linamar's acquisition of "selected assets" from Aludyne's North American operations marks a strategic shift that deepens its U.S. casting footprint and adds significant secondary aluminum capacity to its portfolio.
A massive wave of U.S. grid investment is set to supercharge demand for aluminum transmission cable.
We’re already seeing similar themes on the aluminum side: export bottlenecks, tariff fallout, domestic oversupply, and pricing dislocation.
Premiums are spiking, tariffs are biting, and buyers are scrambling. This isn't normal, it's aluminum in chaos.
September is historically an active contract execution month; but this year the market paused amid uncertainty.
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
ADI is coming to the market as early as September to start the big buying season-- the one the UBC market was waiting for before pricing themselves.
As of this writing Monday, Aug. 5, the markets are experiencing upheaval and the jury is out as to when/how all the current turmoil is going to play out.