Alex's Daily Alu Digest
Thursday, 14 May 2026
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4 stories
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LME Aluminium
$3,690/t
-$5 (-0.1%)
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Cash settlement · USD/t
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ECDP
$600/t
$0 (0.0%)
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P1020A in-whs dp Rotterdam · USD/t
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JLR Q4 2026 sales bounce back from cyber attack as full-year volumes fall 23%
Jaguar Land Rover reported full-year FY2026 wholesale volumes of 307,900 units, down 23.2% year-on-year, and retail sales of 352,300 units, down 17.8%, as a cybersecurity incident, US tariff headwinds, China market weakness, and the wind-down of legacy Jaguar models suppressed annual output despite a Q4 delivery recovery.
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Novelis angle
JLR is Novelis's primary automotive closed-loop partner under the REALCAR programme; a 23% full-year volume decline signals reduced near-term demand for Novelis's automotive BIW sheet across its European plants.
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Sustainability & Recycling
12 May
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#2
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ASI certifies four Nemak México facilities against performance standard V3.1 for automotive aluminium
The Aluminium Stewardship Initiative certified four Nemak México S.A. facilities on 12 May 2026 against ASI Performance Standard V3.1; the plants produce automotive aluminium components including engine blocks, structural parts, and battery trays for e-mobility applications.
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Novelis angle
Expanding ASI adoption across the automotive supply chain increases OEM preference for certified-source material, reinforcing demand for Novelis's ASI-certified European FRP.
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Middle East conflict may push global aluminium price above $4,000/t through 2027
CRU forecasts global aluminium prices reaching approximately USD 4,020/t in Q3 2026 and USD 4,105/t in Q2 2027, driven by a growing supply deficit from the Middle East conflict; Gulf region aluminium production is estimated down around 25% year-on-year due to conflict-related export disruptions and raw material import constraints.
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Novelis angle
Sustained LME levels above $4,000/t would compress Novelis's conversion margin where downstream contract prices lag spot; Novelis's ~63% recycled content offers partial insulation versus primary-metal-dependent rivals.
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Alba Q1 2026 sales fall 17% as Gulf conflict disrupts aluminium supply chains
Aluminium Bahrain (Alba), the world's largest single-site aluminium smelter, reported Q1 2026 sales volumes of 312,563 tonnes, down 17% year-on-year, as Gulf conflict logistics disruptions limited exports; net profit surged 316% to USD 200.3 million as elevated LME prices more than offset volume losses.
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Novelis angle
Alba's volume constraint tightens P1020 availability for European buyers, supporting the elevated ECDP premiums that feed directly into Novelis's metal purchasing costs across its ten European plants.
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