Alex's Daily Alu Digest
Monday, 04 May 2026
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4 stories
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LME Aluminium
$3,584/t
+$59 (+1.7%)
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Cash settlement · USD/t
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ECDP
$593/t
-$33 (-5.3%)
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P1020A in-whs dp Rotterdam · USD/t
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AMAG Austria Metall reports strong Q1 2026 results with significant earnings increase
AMAG Austria Metall AG reported Q1 2026 EBITDA of €57.1 million, up 24% year-on-year, and net income of €26.5 million (+63.8%), with revenue growing 0.6% despite a slight decrease in total shipments. The Rolling Division saw increased demand in automotive and heat exchanger applications; the company reaffirmed its full-year 2026 EBITDA guidance of €150–180 million.
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Gränges and NG Nordic extend long-term aluminium recycling partnership
Gränges has extended its long-term supply agreement with Norwegian recycler NG Nordic to secure high-quality, traceable recycled aluminium for its rolling facility in Finspång, Sweden. The partnership supports Gränges’s circular aluminium strategy and is expected to reduce the carbon footprint of its Swedish FRP production.
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Stellantis returns to profitability in Q1 2026 with revenues up 6%
Stellantis reported Q1 2026 net revenues of €38.1 billion (+6% year-on-year) and a return to net profit at €0.4 billion, with adjusted operating income of €1.0 billion (2.5% margin). North America shipments rose 17% to 379,000 units, driven by strong Ram pickup performance.
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Novelis angle
Stellantis’s North America recovery — especially Ram light-truck volumes up 17% — is a direct volume signal for Novelis’s BIW aluminium sheet business, which counts Stellantis among its key automotive customers.
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LME aluminium cash reaches $3,584/t on May 1 as supply fear looms large
LME aluminium cash settled at $3,584/t on May 1, recovering from $3,525/t on April 30, as the blockage of the Strait of Hormuz and ongoing damage to Gulf smelting facilities continue to tighten primary supply. Emirates Global Aluminium, the region’s largest producer and responsible for a significant portion of the 9% of global primary supply from the Persian Gulf, warned full capacity restoration may take up to one year.
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Novelis angle
Sustained high P1020 prices raise input costs for European FRP producers dependent on primary metal; Novelis’s ∼63% recycled content provides partial insulation, but elevated LME also lifts UBC scrap values, compressing the cost advantage.
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