AMU
April 19, 2024
CRU aluminum news roundup: Tariffs, sanctions, and more
Written by Matthew Abrams
Here’s a roundup of the latest news in the global aluminum market from our colleagues at CRU.
Latest in AMU
AMU: Kibar starts production at West Virginia facility
Kibar Americas said production has started at its aluminum plant in Fairmont, W.Va., where it will manufacture products for the HVAC, packaging, automotive and industrial sectors.
AMU Summit: China nears production cap, but increases can still happen
China is bumping up against its official primary production capacity limit of 45.3 million metric tons/year, but production can still increase through “capacity creep.”
AMU Summit: Automotive aluminum demand shifts across key product groups
Automotive aluminum demand is rising as extrusions, sheet, and castings gain ground across vehicle applications and powertrains.
AMU Survey: Scrap demand rebounds in August
Recycler demand increased while fewer respondents reported sufficient obsolete scrap, even as inventory drawdowns remained widespread.
AMU: Aluminum’s peace trade, one month later
On July 9, Aluminum Market Update published “Did aluminum markets price in peace too soon?” The article used data and events through July 8 to test whether falling prices and light financial participation had moved ahead of conditions around the Strait of Hormuz. A month later, LME aluminum positioning offers a useful checkpoint on how that trade played out.