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: Midwest premium
AMU Survey: Respondents expect Midwest premium to climb in November
Expectations for UBC scrap prices remained stable in October. What shifted was the composition of the remainder.
Edward Meir's Week in Review for AMU
Bullish sentiment remained in place in US equity markets this past week as a de-escalation in US-China trade tensions and strong earnings reports from several "Mag-7" names offset the rather hawkish remarks on interest rates made by Fed Chair Jerome Powell on Wednesday. For the week, the NASDAQ Composite gained 2.2%, while the S&P 500 and the Dow each were up by about .7% in what has been an incredible run.
What’s next for Canada trade talks and the Midwest premium?
Trump’s decision to suspend trade negotiations with Canada has crushed expectations of any relief for Canadian producers or the U.S. Midwest P1020 premium.
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.
Value-added products update: Initial 2026 premiums offers
As billet upcharges mount, scrap spreads stay wide, and talk of an export ban rattles recyclers, the aluminum industry heads into 2026 facing some of the toughest cost and supply negotiations yet.
Join AMU for a webinar about the future of premiums and scrap tolling
Join AMU experts Greg Wittbecker and Nicholas Bell on Thursday, September 25 at 11 a.m. ET
AMU's monthly roundup: Midwest premiums, tariffs, and lots of scrap news
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.
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.
Mating season is upon U.S. and negotiations could be difficult
U.S. aluminum buyers and sellers are bracing for a bruising 2026 contract season as tariffs, tight supply, and shifting scrap economics threaten to push Midwest premiums and upcharges to unprecedented levels.