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    CRU: Low-Carbon Aluminum is Gaining Momentum

    Written by Greg Wittbecker


    By Greg Wittbecker, Advisor, CRU Analysis

    The primary aluminum industry has operated with the same technology since the large-scale production process was developed in 1886. It is a carbon-based electrolytic process. This process generates a lot of CO2. Global aluminum producers have been focused on reducing GHG for some time, but efforts have accelerated in the past five years. Environmental, Social and Governance (ESG) is no longer a nice acronym but a call to action for virtually all publicly-traded companies. Privately-held companies are also heeding the call as they realize that access to growth capital will also be driven by how well they meet investor expectations.

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    CRU: HR coil futures re-price 2027 forward curve

    CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4'26 futures are now pricing in $1,295 per short ton (st) for HR coil, a month-over-month (m/m) increase of $63/st. For 2027, the forward curve is up $80 /st vs. September, at $1,207/st. For November 2026 through March 2027, prices are at an average just above $1,300/st.