Alex's Daily Alu Digest
Monday, 18 May 2026
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3 stories
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LME Aluminium
$3,599/t
-$104 (-2.8%)
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Cash settlement · USD/t
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ECDP
$598/t
-$3 (-0.5%)
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P1020A in-whs dp Rotterdam · USD/t
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Novelis / Hindalco
18 May
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#1
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Hindalco shares jump nearly 4% ahead of May 22 results
Hindalco Industries shares surged 3.43% to ₹1,077.90 on NSE ahead of the company's Q4 and full-year FY26 results, due for board approval on 22 May.
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Sustainability & Recycling
16 May
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#2
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From CBAM to recycling growth, here's how supply shocks and sustainability race redraw the global aluminium map
Supply chain tightening from Gulf conflict disruptions and CBAM implementation are accelerating recycling investments and shifting global scrap trade patterns toward increased secondary aluminium production.
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Novelis angle
CBAM charges on high-carbon primary imports strengthen the competitive position of Novelis's high-recycled-content FRP as the EU prepares to extend CBAM scope to downstream aluminium products from 2028.
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Positive factors still provide support, but upside room for aluminium prices is limited
LME aluminium 3-month closed at $3,660/t on 16 May as LME inventory fell 11,700 tonnes week-on-week to 346,500 tonnes; volatile US–Iran negotiations and elevated US CPI data send conflicting signals on near-term price direction.
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Novelis angle
With LME inventory at multi-month lows and P1020 premiums elevated by Gulf disruptions, Novelis faces a tight input market as it simultaneously ramps Oswego recovery and advances Bay Minette commissioning.
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