Alex's Daily Alu Digest
Thursday, 16 April 2026
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4 stories
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LME Aluminium
$3,581/t
-$44 (-1.2%)
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Cash settlement · USD/t
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ECDP
$583/t
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P1020A in-whs dp Rotterdam · USD/t
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Novelis / Hindalco
MarketsMojo
· 15 Apr
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#1
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Strong momentum meets stretched valuations as Hindalco Industries Ltd reaches all-time high
Hindalco Industries Ltd hit a fresh all-time high of Rs 1,045.55 on 15 April 2026, opening with a 5.63% gap-up and closing up 3.59%; the stock has gained 12% year-to-date against a NIFTY50 decline of 8%, with Indian aluminium majors broadly outperforming as sustained LME strength above $3,500/t — driven by Gulf supply disruptions — boosts earnings expectations for Hindalco's integrated aluminium business, which includes Novelis.
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Trade & Regulation
AlCircle
· 14 Apr
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#2
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Britons push for government action as UK aluminium recycling loses ground
A Yonder Consulting survey of 2,000 UK adults commissioned by Alupro found 58% are concerned about too much aluminium scrap leaving the country; the UK aluminium sector supports 108,000 jobs and contributes £9.4 billion to the economy, yet unlike the EU — which has moved to restrict secondary aluminium exports — the UK has not introduced equivalent measures, prompting industry calls for government action to curb scrap outflows.
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Novelis angle
UK scrap export restrictions, if introduced, would benefit Novelis's Latchford recycling plant by securing more of the domestic post-consumer aluminium stream it depends on to meet its 75% recycled content target, reducing competition from overseas buyers for UK UBC scrap.
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Industry News
Bloomberg
· 15 Apr
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#3
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China's aluminum exports to surge as Mideast disruptions continue
Chinese aluminium exports are forecast to surge in the coming months as buyers seek alternatives to Gulf supply disruptions now in their seventh week; Chinese local aluminium inventories stand at a six-year high, export profits for semi-finished products rose 43% month-on-month, and overseas orders for automotive and packaging products are expected to increase noticeably in April, with annual export volumes potentially matching or exceeding the 2024 record of 6.7 million tonnes.
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Novelis angle
A surge in Chinese semi-finished aluminium exports — particularly automotive sheet and packaging coil — into European and global markets creates direct competitive pressure on Novelis's core product mix, while cheaper Chinese P1020 could gradually erode the elevated European duty-paid premium that currently amplifies Novelis's recycling cost advantage.
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Industry News
AlCircle
· 15 Apr
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#4
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LME aluminium prices drop after record surge but still hover above $3,600/t
LME aluminium cash offer settled at $3,625/t on 14 April 2026, down $40.5/t from the previous session's 4-year peak of $3,665.5/t, as LME-registered warehouse stocks fell below 400,000 tonnes for the first time since the Gulf supply shock began — settling at 397,100 tonnes; the 3-month reference price declined $44.54 (-1.23%) to $3,563/t, while December 2027 futures closed up 1% at $3,022/t, indicating the market is pricing sustained supply tightness through at least end-2027.
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Novelis angle
LME inventory falling below 400,000 tonnes signals that physical P1020 availability is structurally tightening beyond the initial price spike, confirming durable support for scrap spreads — the primary driver of Novelis's recycling margin advantage over primary-aluminium-dependent competitors.
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