Novelis' North American margins slide despite record premiums
Higher aluminum prices and delivery premiums lifted Novelis' revenue, but shipment softness and elevated conversion costs left North American earnings sharply lower.
Tag: Inventory
AMU Survey: Stability on the surface, fractures beneath
September's survey shows stability, but a closer look reveals diverging conditions: scrap recyclers facing oversupply, semi-fabricators holding ground, and softer price expectations on Midwest premiums and UBCs.
Report: Aluminum demand down in H1
The year-over-year decline was partly due to the significant drop in exports, however demand fell in all market segments, with the exception of foil, according to the Aluminum Association.
LME contangoes: Why they may or may not matter
Volatile LME spreads may not directly dictate physical aluminum prices, but with tight inventories, rising Midwest premiums, and traders creating "artificial contangoes", financing costs are increasingly being pushed into the physical market.
From Detroit to Tier 1: A field guide to the auto sector in Q2
A layered guide to the Q2’s earnings from automakers and Tier 1 suppliers and what the rearview reveals about what’s ahead.
Non-residential construction sends mixed signals
Behind the diverging fortunes of office and industrial construction, key indicators reveal where future aluminum demand may be building or in teardown mode.
Q2'25 auto sales: The sugar high quarter
Second quarter auto sales look strong on the surface, underpinned by a growing split between assembly and production.
April survey says things are steady, but the market’s telling a different story
April's survey paints a picture of a market holding steady, but it's far from smooth sailing.