Tag: Middle East

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

Alcoa cut its production guidance for alumina for the full year, citing issues at its Pinjarra refinery in Western Australia. Despite the ongoing Iran war upending aluminum supply chains, the company said alumina prices remained relatively stable.

We have seen aluminum correlate quite well with oil prices since the Iran war started. But there has been a noticeable disconnect between the two over the past few weeks.

Additional attacks on commercial shipping, renewed US military operations and a resumed naval blockade coincided with aluminum prices recovering from early July lows.