Alex's Daily Alu Digest
Friday, 22 May 2026
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3 stories
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LME Aluminium
$3,661/t
+$18 (+0.5%)
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Cash settlement · USD/t
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ECDP
$598/t
+$0 (0.0%)
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P1020A in-whs dp Rotterdam · USD/t
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Novelis / Hindalco
22 May
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#1
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Hindalco Q4 FY26: consolidated revenue rises 16% to ₹64,890 crore as net profit surges 66%
Hindalco Industries reported Q4 FY26 consolidated revenue of ₹64,890 crore (+16% YoY) and net profit of ₹5,283 crore (+66.4% YoY; EPS ₹23.45 vs ₹14.10 in Q4 FY25), driven by a recovery at subsidiary Novelis and record India aluminium operations; the board declared a final dividend of ₹5 per share for FY26.
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Speira commissions second H2-ready recycling furnace at Grevenbroich
Speira has started production on its second tiltable rotary furnace at the Grevenbroich Rheinwerk site in Germany, completing the first pair of a planned four-furnace, €11 million investment across two sites; the H2-ready units are capable of melting 25 tonnes of material per cycle and process low-grade scrap and dross at three times the energy efficiency of the previous furnaces.
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Novelis angle
Speira's growing low-grade scrap recycling capacity at Grevenbroich intensifies competition for European post-consumer aluminium scrap, a critical feedstock that Novelis Nachterstedt and the jointly-operated Alunorf melt shop depend on to meet the 3×30 recycled-content target.
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Trade & Regulation
20 May
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#3
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EU Council and Parliament agree mechanism to counter US steel and aluminium tariffs
The EU Council presidency and European Parliament reached a provisional agreement on 20 May to implement tariff elements of the EU-US Joint Statement, empowering the European Commission to suspend tariff preferences on US goods if Washington maintains duties above 15% on EU steel and aluminium derivatives beyond 31 December 2026; current US tariffs on EU steel and aluminium derivatives remain as high as 50%.
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Novelis angle
If the mechanism succeeds in reducing US tariffs on EU aluminium derivatives below 15%, European automotive OEMs including BMW, Audi, and JLR that export aluminium-intensive vehicles to North America would regain export cost headroom, supporting demand for BIW and body sheet at Novelis's European plants.
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