Canada is taking more of its business elsewhere
Canadian aluminum exports to the US have continued to drop since the introduction of tariffs in March 2025, with a growing share shipping off to Europe and Mexico.
Canadian aluminum exports to the US have continued to drop since the introduction of tariffs in March 2025, with a growing share shipping off to Europe and Mexico.
The first half of 2026 has been turbulent for the aluminum market, with the Iran war sparking the largest supply shock in the history of the industry, CRU Group said.
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.
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.
We saw lower moves in base metals. Aluminum prices retreated by about 6.3% last week, shadowing crude lower on rising perceptions of easing metal outflows.
SMU and AMU are pleased to announce that Wells Fargo Managing Director Timna Tanners will be joining us for a Community Chat webinar on Wednesday, June 24, at 11 am ET.
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.
USMCA modernized North American trade and reinforced the manufacturing foundation that supports the automotive, packaging, aerospace, energy and defense sectors.
Going into this week, focus will remain on US equity markets as investors wait to see whether Friday's selloff will intensify, in which case we could see knock-on price declines in a number of other complexes—including base and precious metals.
The proposed extension would last for one year.