Alex's Daily Alu Digest
Monday, 02 June 2026
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4 stories
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LME Aluminium
$3,755/t
+$55 (+1.5%)
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Cash settlement · USD/t
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ECDP
$593/t
$0 (0.0%)
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P1020A in-whs dp Rotterdam · USD/t
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Novelis / Hindalco
1 Jun
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#1
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60-day reboot: how Novelis and ABB restored a flooded Swiss auto aluminium plant
Novelis and ABB jointly restored Novelis' Sierre, Switzerland automotive aluminium plant following severe flooding, completing the recovery within 60 days through rapid equipment replacement and remote commissioning support from ABB.
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Speira appoints Peter Basten to executive team
Speira appointed Peter Basten to its executive management team, with responsibility for Speira's Specialities business unit and New Business Development functions.
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Novelis angle
Strengthening Speira's specialities leadership signals increased focus on the higher-margin industrial and automotive specialty sheet markets where Novelis competes most directly in Europe.
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Trade & Regulation
2 Jun
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#3
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Aluminium supply uncertainties prompt EU to step back from Aughinish sanctions
The European Commission decided not to proceed with sanctions on Aughinish Alumina, the Rusal-owned Irish alumina refinery, citing concerns that sanctions would further destabilise Europe's already fragile aluminium supply chain amid ongoing Middle East disruptions.
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Novelis angle
With LME aluminium at four-year highs driven by the Hormuz supply squeeze, preserving Aughinish output limits further upward pressure on primary aluminium costs that feed into Novelis' P1020 input prices.
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Aluminium: liquid aluminium proportion increased more than expectations in May, expected to edge up in June
China's liquid aluminium proportion at smelters reached 76.5% in May 2026, up 1.1 percentage points beyond expectations, and is forecast to edge up further in June as domestic fabrication demand remains strong.
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Novelis angle
Rising Chinese liquid ratios indicate domestic fabrication is absorbing more primary output, reducing the pool of aluminium available for export and providing structural support to elevated LME prices.
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