EGA advances Al Taweelah restart
EGA reported progress restoring its Al Taweelah complex while US import data highlighted changing aluminum trade flows following the regional conflict.
Tag: Primary aluminum
Edward Meir's week in review and thoughts on the week of July 6, 2026
Markets were somewhat adrift this past holiday-shortened week as there was not much meaningful news to go by.
Magnitude 7 Metals plans partial restart of New Madrid smelter
Magnitude 7 Metals plans to restart one potline at its idled Missouri primary aluminum smelter before the end of 2026, returning 75,000 metric tons per year of production after more than two years offline.
Alcoa agrees to acquire South32 aluminum assets, expanding its upstream footprint
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 positioning eases as aluminum prices retreat
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-Brimstone MoU and the alumina supply chain
Century Aluminum's memorandum with Brimstone adds to efforts to expand domestic alumina supply as imports continue to dominate the US market.
Qatar suspends maritime activities due to safety concerns
The United States and Iran continued to trade attacks over the weekend.
Primary production rose in May, IAI finds
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 June survey: Expansionary signals retreat, balance outlook holds
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 checkpoint: Prices retreat while warehouse stocks remain low
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.