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    AMU: Toyota to shift Tacoma production back to Texas as USMCA review continues

    Written by Nicholas Bell


    This piece was first published by Aluminum Market Update (AMU), SMU’s nonferrous sister publication. To learn about AMU, visit their website or sign up for a free trial.

    Toyota Motor North America plans to invest $3.6 billion to expand its San Antonio manufacturing campus. Its plan includes returning some Tacoma production to Texas. The company’s decision to realign North American production resulted in moving production of the midsize pickup to Mexico. 

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    AMU: Edward Meir’s week in review and thoughts for the week of Oct. 12, 2026

    Base metals had a mixed week. Tin lost almost 4% on the week, finishing at $53,000/ton. Prices dropped to a low of $51,259/ton at one point. Aluminum was another loser, off by about 1.6% on the week. Investors are expecting more aluminum supply going forward, especially out of China and Indonesia. Copper prices tacked on 1.1%. They have now recovered more than half of the $700/ton loss sustained (over the course of a week) following reports/rumors in mid-September that US tariffs on refined copper imports might not proceed after all.