Tag: Middle East

Despite our concern that last weekend's doomed US-Canada trade talks would unsettle sentiment, most markets shrugged off the impasse and instead held up fairly well.

And there certainly was no shortage of things to talk about. Tariffs, geopolitics, domestic production trends, data center construction, and scrap availability were just some of the topics getting the spotlight.

Canadian aluminum exports to the US have continued to drop since the tariff rate increased to 25% in March 2025, with a growing share shipping off to Europe and Mexico. The tariff rate has since spiked to 50%.

Aluminum prices recovered after the July 9 checkpoint, but financial and exchange indicators didn’t move uniformly.

Outside of crude, most other commodity markets finished higher. In the base metals group, copper, zinc, and aluminum each added between 2% to 3%.

There’s a lot of news to keep track of, so we’re lending a hand with highlights from the past month and what they mean for you.

The project is expected to break ground later this year.

It was a very hectic week in a number of markets, but not so much in the ferrous and nonferrous metals space.

Constellium raised its 2026 guidance, now expecting adjusted EBITDA in the range of $980 million to $1 billion

Markets remain transfixed on developments in the Middle East