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Daily Intelligence Briefing
▶ Alex's Daily Alu Digest
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Thursday, 02 April 2026
6 stories selected
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LME Aluminium
$3,584/t
-$1.50 (-0.04%)
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Cash settlement · USD/t
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ECDP
$594/t
+$54 (+10.0%)
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P1020A in-whs dp Rotterdam · USD/t
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Competitor
AlCircle
· 31 Mar
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#1
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Speira appointed Peter Basten, who spent twenty years at Constellium leading the global Packaging & Automotive Rolled Products division, to its executive team to drive speciality aluminium products and innovation. The hire signals Speira’s strategic push into higher-value segments that overlap directly with Novelis’s core automotive and can sheet markets.
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Competitor
AlCircle
· 28 Mar
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#2
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Constellium reported FY2025 revenue of $8.4B (+15% YoY) and net income of $275M, guiding 2026 adjusted EBITDA of $780–820M while launching a group-wide ‘Vision 2028’ efficiency programme and a $300M share buyback. Constellium’s strong auto rolled products margins and supply tightness narrative mirror Novelis’s own positioning in the European automotive sheet market.
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Trade Policy
International Aluminium Journal
· 01 Apr
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#3
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S&P Global Platts started including EU Carbon Border Adjustment Mechanism costs in its European duty-paid P1020A aluminium premium and billet assessments effective April 1, 2026, with carbon trading around €85/tCO₂e. CBAM-inclusive premiums structurally favour European recyclers like Novelis over importers of high-carbon primary metal, reinforcing the cost advantage of recycled content.
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Market Data
AlCircle
· 01 Apr
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#4
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The European duty-paid aluminium premium for April delivery rallied to a four-year high of $594/t, up 16% week-on-week, as buyers scramble for non-Middle Eastern origin P1020 following the EGA and Alba shutdowns. Higher premiums directly increase Novelis’s primary metal input costs across its European rolling operations.
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Market Data
Bloomberg
· 02 Apr
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#5
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Goldman Sachs raised its Q2 2026 LME aluminium price forecast from $3,200 to $3,450/t, citing the loss of Gulf smelter capacity which accounts for a fifth of global ex-China production. Sustained elevated metal prices compress margins for rollers paying spot P1020 premiums, though Novelis’s high recycled content (63%) partially insulates it from primary metal cost volatility.
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Energy & Upstream
Bloomberg
· 01 Apr
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#6
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Emirates Global Aluminium halted operations at its 1.6 Mt/yr Al Taweelah smelter after Iranian strikes knocked out power, causing uncontrolled shutdown and metal solidification inside smelting circuits. The loss of EGA output—roughly 4% of global ex-China supply—tightens primary aluminium availability for European rollers including Novelis and pushes LME three-month futures briefly above $3,490/t.
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