Alex's Daily Alu Digest
Friday, 17 April 2026
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4 stories
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LME Aluminium
$3,679/t
+$98 (+2.7%)
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Cash settlement · USD/t
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ECDP
$583/t
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P1020A in-whs dp Rotterdam · USD/t
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Competitors
GlobeNewswire / Constellium
· 15 Apr
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#1
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Constellium to report first quarter 2026 results on April 29, 2026
Constellium SE will release first-quarter 2026 financial results before market open on 29 April 2026, with CEO Ingrid Joerg and CFO Jack Guo hosting a conference call at 10:00 AM ET; the company generated $8.4 billion in revenue in fiscal year 2025.
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Novelis angle
Q1 2026 will be the first full-quarter earnings readout from Novelis's largest European flat-rolled competitor under the elevated scrap spreads and Middle East supply tightening that define early 2026, providing a sector benchmark for how FRP margins are translating into earnings across the industry.
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End Markets
Automotive News
· 16 Apr
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#2
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Stellantis Poissy plant in France will stop making cars, shift to parts and recycling
Stellantis confirmed on 16 April 2026 that its Poissy plant near Paris will cease production of the DS3 and Opel Mokka by end of 2028, with €100 million invested to convert the facility to parts manufacturing and vehicle recycling; the plant currently employs approximately 1,600 workers.
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Novelis angle
The conversion of Poissy to end-of-life vehicle processing is part of a broader Stellantis ICE portfolio restructuring in Europe that reduces BIW aluminium sheet demand at affected plants, though the recycling operations could over time channel more post-consumer aluminium body scrap back into the European secondary metal supply chain.
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Industry News
Bloomberg
· 16 Apr
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#3
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Aluminum market enters a prolonged supply 'black hole'
Bloomberg reported on 16 April 2026 that even an immediate end to the Iran war would come too late to prevent a major aluminium supply shock, characterising the Gulf production disruption as structural damage to supply chains that near-term diplomatic resolution cannot reverse.
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Novelis angle
A supply deficit that persists regardless of peace-deal timing keeps European duty-paid premiums structurally elevated through at least 2026, sustaining the cost advantage of Novelis's recycling-intensive model over primary-metal-dependent flat-rolled competitors.
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Industry News
AlCircle
· 17 Apr
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#4
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Deutsche Bank trims Norsk Hydro to 'hold' as aluminium rally stretches valuations
Deutsche Bank downgraded Norsk Hydro from 'buy' to 'hold' on 17 April 2026, raising its price target to NOK 100 from NOK 88 after shares gained nearly 40% year-to-date to a record NOK 107.60; Deutsche Bank's current Norsk Hydro valuation implies LME aluminium at USD 3,200–3,400/t and the bank forecasts partial supply recovery by end 2026 with broader normalisation in H2 2027.
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Novelis angle
Deutsche Bank's H2 2027 normalisation outlook is the first credible bank timeline for when primary aluminium supply — and thus P1020 premiums — will structurally ease, providing a planning horizon for Novelis's multi-year raw material procurement and hedging strategy.
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