Alex's Daily Alu Digest
Tuesday, 26 May 2026
|
3 stories
|
|
|
LME Aluminium
$3,704/t
+$28 (+0.8%)
|
Cash settlement · USD/t
|
|
|
ECDP
$598/t
$0 (0.0%)
|
P1020A in-whs dp Rotterdam · USD/t
|
|
|
Novelis / Hindalco
25 May
|
#1
|
Hindalco sees steady Novelis earnings, strong domestic demand in 2027
Hindalco MD Satish Pai stated "the worst is over for Novelis" at the post-FY26 results analyst call, projecting Novelis's adjusted EBITDA per tonne to recover to approximately $500 in FY2027; Pai confirmed the Ford customer relationship has been retained despite Oswego supply disruptions and flagged strong FY27 demand from India's aluminium and copper markets.
READ FULL STORY ↗
|
|
Middle East crisis jolts aluminium downstream trade, end-use sectors grapple with supply crunch
Wood Mackenzie projects 3–3.5 million tonnes of 2026 global aluminium output wiped out by Middle East conflict, with GCC smelter shutdowns at EGA, Alba, and Qatalum removing an estimated 2.3–3 million tonnes of capacity; packaging, automotive, aerospace, and EV sectors face supply crunches and Monster Beverage has flagged incremental price increases through 2026 citing aluminium costs and freight.
|
Novelis angle
Supply constraints across packaging and automotive segments signal that can-sheet and BIW customers are paying a premium for reliable supply; Novelis restarts Oswego into a structurally tight market, which should support shipment volumes and pricing in H2 2026.
|
READ FULL STORY ↗
|
|
|
Sustainability & Recycling
25 May
|
#3
|
Italy records 92.8% aluminium beverage can recycling rate in 2025
Italy's CIAL reported an overall aluminium packaging recycling rate of 69.5% for 2025—exceeding the EU's 50% target—with beverage cans reaching 92.8%, up 5.5 percentage points year-on-year; 65,000 tonnes of aluminium were recycled, a 42% increase from 2024, saving an estimated 460,000 tonnes of CO₂ equivalent.
|
Novelis angle
Italy's high UBC recycling rate strengthens feedstock availability for Novelis's Pieve Emanuele and Bresso plants, directly supporting the 3×30 recycled-content targets and its closed-loop partnerships with Italian can-makers.
|
READ FULL STORY ↗
|
|
|
|
|