Aluminum

[winston]

Aluminium hits US$3,000 for first time since 2022 on supply concern

By Annie Lee

Tightening supply outlook and long-term demand bets.

A cap on Chinese smelting capacity and constraints to European production due to higher electricity prices have chipped away at global inventories, while the demand outlook from the construction and renewable sectors remains robust.

Futures rallied 17% last year, the most since 2021.

Source: Bloomberg

https://theedgemalaysia.com/node/787845

[winston]

Gulf War Aggravates World's Aluminium Problem

The constant bombardment of Bahrain by Iranian missiles and drones forced Aluminium Bahrain, one of the largest smelters globally, to halt all export shipments, sending the metal's price up 5% this week, to $3,420 per metric tonne.

Source: Oil Price

[winston]

US aluminium buyers hunt for alternatives as Iran war upends global supply

The Middle East supply turmoil comes at a particularly fragile moment for American aluminium consumers

Threatens to hike the cost of the metal used in auto parts, appliances and beverage cans.

The two top producers in the region, Qatar and Bahrain, suspended deliveries to customers.

The US relies heavily on imports, with the Middle East supplying nearly a fifth of its aluminium last year.

Looking to source the metal from markets such as India and Australia.

The tariffs on the metal have driven up domestic prices and constrained flows from Canada, the largest foreign supplier to the US.

“Korea is a great option right now”, adding that his firm is also looking at supplies from northern Europe.

While aluminium from India, is the most likely seaborne replacement for American consumers, shipping it across the Pacific takes about 60 days. Other alternatives include Brazil, Indonesia, Iceland and Norway.

Canadian producers there have increasingly favoured Europe, where net returns have been more attractive than selling into the US market.

About six million tonnes of primary aluminium, metal that has not yet been recycled, is now stranded in the Middle East. There is about 30 days’ supply of alumina, the raw material used to make aluminium, left for most smelters in the region,

Middle East accounts for around 9 per cent of global production and supply is at risk, we have raised our shortfall forecast to 1.5 million tonnes from one million tonnes”.

Some suppliers are already going offline because of a natural gas shortage, adding that a full restart could take six to 12 months.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... bal-supply

[winston]

Structural tightness to drive aluminium price upcycle - Aluminium Sector

Aluminium entering a multi-year price upcycle as global supply growth faces structural limits

China capacity ceiling, power constraints, and bauxite supply risks restrict output expansion

Middle East and global alumina supply already tight, increasing disruption risk

Top pick: China Hongqiao for diversified raw material sourcing and low-cost integrated model

Source: DBS

https://www.dbs.com/insightsdirect/land ... rtid=44596

[behappyalways]

Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike
https://www.zerohedge.com/commodities/a ... rice-spike

[behappyalways]

International aluminum prices surge to a four-year high!
London aluminum futures once soared to $3,500 per metric ton. Are electronic component manufacturers facing profit margin alarms?!

國際鋁價狂飆4年新高!倫敦鋁期貨一度飆上每公噸3500美元 電子代工廠毛利拉警報?!｜非凡財經新聞｜20260407

https://m.youtube.com/watch?v=fIMpltv_29g

[behappyalways]

Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure
https://www.zerohedge.com/commodities/m ... ce-majeure