With earnings season largely behind us it’s time to move past the headline numbers and into the filings – where a few key items across major downstream players deserve closer scrutiny.
Aluminum producer Norsk Hydro and automotive casting manufacturer Nemak agreement focuses on expanding the use of post-consumer scrap and shifting to lower-carbon energy sources.
China’s move may matter politically, but from a raw materials standpoint, the bigger story is how little clarity there still is when it comes to what “aerospace demand” really means for aluminum.
“It takes many years to build a new smelter and at least five to six smelters would be required to address the U.S. demand for primary aluminum” - Alcoa during Q1 2025 earnings call
A turbulent week in aluminum - Tariffs tighten, prices slip, and the scrap market holds its breath.
Data centers are outbidding aluminum smelters for power, and its pricing U.S. manufacturing out of the market.
From new auto tariffs to billion-dollar smelter bets, the U.S. aluminum market is being pulled in every direction.
Solving the power problem may be in EGA’s wheelhouse.
This is bigger than just about cars. It’s a signal that trade policy is back on the table in a big way.
The newly announced amendments to Section 232 boost the ad valorem duty (a volume-based tariff) from 10 to 25% of the declared customs value for primary aluminum. This boost in the rate gives Alcoa and Century windfall revenue gains as the Midwest physical premium responds to this. If we measure the windfall from Inauguration Day […]