Alcoa agreed to acquire South32’s bauxite, alumina and aluminum assets, adding major operations in Australia, Brazil and South Africa while increasing its upstream production footprint.
LME aluminum market participants broadly reduced long and short positions during June as prices retreated, although longer-term participation trends remained relatively unchanged.
Century Aluminum's memorandum with Brimstone adds to efforts to expand domestic alumina supply as imports continue to dominate the US market.
The United States and Iran continued to trade attacks over the weekend.
Primary aluminum production rose to 6.15 million metric tonnes (mt) globally in May, a gain of 3.5% month over month, according to the latest figures from the International Aluminum Institute.
AMU's June survey showed weaker demand, fewer extending lead times and less inventory building, though respondents largely stopped short of forecasting an oversupplied market.
LME aluminum prices, prompt premiums and the US Midwest Premium have moved lower in June, while exchange inventories continue to decline and remain near five-year lows.
Aluminum Association of Canada's Jean Simard outlines how the upcoming CUSMA review could strengthen North American aluminum market integration through greater transparency, stronger enforcement and closer trade-policy coordination while preserving the agreement's existing framework.
Oklahoma Attorney General Gentner Drummond's challenge to the proposed Inola aluminum smelter shifts the debate from what regulators may decide to whether the permitting process should be allowed to reach a conclusion.
USMCA modernized North American trade and reinforced the manufacturing foundation that supports the automotive, packaging, aerospace, energy and defense sectors.