Alex's Daily Alu Digest
Friday, 05 June 2026
|
3 stories
|
|
|
LME Aluminium
$3,694/t
-$38 (-1.0%)
|
Cash settlement · USD/t
|
|
|
ECDP
$585/t
+$0 (+0.0%)
|
P1020A in-whs dp Rotterdam · USD/t
|
|
|
Novelis / Hindalco
5 Jun
|
#1
|
Novelis recognised for 100% scrap product
Novelis received the Münchner Management Kolloquium Award of Excellence 2026 for an automotive exterior body sheet produced from 100% end-of-life vehicle scrap, the first fully circular product of its kind for BIW applications.
READ FULL STORY ↗
|
|
|
Trade & Regulation
4 Jun
|
#2
|
Updated ETS benchmarks raise industry concerns
The European Commission's revised EU ETS benchmarks for 2026–2030 impose approximately a 50% cut in free allowances for aluminium recycling operations versus Phase 3 levels, with heat/fuel fall-back benchmarks declining ~34%, raising concerns about aluminium recycling economics and critical raw material supply security in Europe.
|
Novelis angle
A ~50% cut in ETS free allocations for recycling furnaces would materially increase carbon costs for Novelis's European secondary operations, directly pressuring the economics of its 3x30 recycled-content target.
|
READ FULL STORY ↗
|
|
Europe's aluminium sector hit by rising costs, lower output and weak demand
Fastmarkets estimates European aluminium smelter output at 3.445 million tonnes in 2026, down approximately 44% from 6.151 million tonnes in 2025, due to high energy costs and persistently weak downstream demand; sector recovery is expected to take six to twelve months.
|
Novelis angle
Collapsed European primary smelter output tightens P1020 availability for FRP producers reliant on primary ingot, strengthening the competitive case for Novelis's secondary-focused production model.
|
READ FULL STORY ↗
|
|
|
|
|