Alex's Daily Alu Digest
Monday, 20 April 2026
|
3 stories
|
|
|
LME Aluminium
$3,660/t
-$19 (-0.5%)
|
Cash settlement · USD/t
|
|
|
ECDP
$585/t
+$1 (+0.2%)
|
P1020A in-whs dp Rotterdam · USD/t
|
|
|
Novelis / Hindalco
Apr 2026
|
#1
|
Novelis Oswego mill restart delay tightens US flat-rolled aluminum supply
Novelis's Oswego, New York hot-rolling mill has missed its earlier restart target and is now expected to resume operations late in Q2 calendar 2026; the outage has removed an estimated 150,000–200,000 tonnes of flat-rolled product shipments, with Novelis purchasing hot band from domestic competitors to fulfil Ford and other automotive customer contracts while Bay Minette's cold mill begins commissioning.
READ FULL STORY ↗
|
|
JPMorgan raises Constellium price target to $30 amid elevated aluminium premiums
JPMorgan Chase raised its price objective on Constellium SE from $29.00 to $30.00, maintaining an 'overweight' rating, on 19 April 2026, following a near-40% year-to-date rally in Constellium's stock driven by elevated aluminium premiums tied to the Gulf supply disruption.
|
Novelis angle
Sustained analyst upgrades on Constellium reflect market consensus that the Gulf-driven P1020 supply squeeze will support European FRP producer margins through 2026, a dynamic that equally benefits Novelis's recycling-intensive cost structure relative to primary-metal-dependent rivals.
|
READ FULL STORY ↗
|
|
LME aluminium eases on April 17 as Strait of Hormuz opens for commercial vessels
LME aluminium cash settlement eased to $3,660/t on 17 April 2026, down from $3,678.50/t the prior day, after Iran's Foreign Minister announced the Strait of Hormuz would reopen for commercial vessels during the ceasefire period, partially unwinding record-level price gains driven by Gulf smelter disruption fears since late February 2026.
READ FULL STORY ↗
|
|
|
|
|