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01.05.26 - 09:48
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Aluminum Facing ′Very Large Supply Hole,′ JPM Says (Bloomberg)
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Greg Shearer, JPMorgan base and precious metals research head, discusses the aluminum market and the impact the conflict in the Middle East on prices. "Our outlook in the very near term is still for prices to move up towards $4,000 per metric ton," Shearer tells Bloomberg Television. "There will be demand destruction at those levels," he adds. (Source: Bloomberg)...
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24.04.26 - 02:09
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Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock (ZeroHedge)
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Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock
Analysts at Mercuria, the Geneva-based Swiss commodities trading firm, are sounding the alarm on the global aluminum market after severe disruptions in the Gulf region, adding to a growing list of trading desks and research teams warning of a deepening supply shock.
"The scale of the supply shock we're seeing in the aluminum market is probably the largest single supply shock a base metals market has suffered in the post-2000 era," Mercuria commodities analyst Nick Snowdon told Reuters on the sidelines of the Financial Times Commodities Global Summit in Lausanne, Switzerland.
Snowdon then told Reuters, "We are already in a 'black swan' event. No one could have foreseen something on this scale."
Mercuria is a Swiss commodities trading house based in Geneva. Its traders sell, ship, store, and finance physical commodities across markets such as oil, gas, power, LNG, and metals.
Snowdon's alarm over the global alu...
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20.04.26 - 18:39
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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report (ZeroHedge)
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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report
Authored by Amin Haqshanas via CoinTelegraph.com,
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG).
The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition.
Built for 24/7 heavy industrial operations, aluminum smelters come with pre-existing substations, transmission lines and high-capacity grid connections. That makes them attractive targets for Bitcoin miners and data center operators, who often spend years securing similar infrastructure approvals from scratch.
Massena East also benefits from hydropower supplied by the New York Powe...
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17.04.26 - 13:33
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Aluminum Market Descends Into Supply ′Black Hole′ (ZeroHedge)
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Aluminum Market Descends Into Supply 'Black Hole'
Aluminum prices on the London Metal Exchange are climbing into the end of the week, reaching $3,621 a ton and approaching the peak seen during Russia's 2022 invasion of Ukraine. The problem now is that the aluminum market has been thrust into a serious supply shock amid the U.S.-Iran conflict in the Middle East, one that is unlikely to be reversed in the near term.
One big problem we highlighted last weekend was that Emirates Global Aluminum (EGA), the Gulf's largest aluminum producer, declared force majeure on part of its contract book after Iranian missile and drone strikes hit its Al Taweelah smelter. Then there is the Hormuz chokepoint and the U.S. blockade of the critical waterway, which has only further throttled vessel traffic.
It is important to note that EGA accounts for 4% of the world's aluminum production. The broader Middle East accounts for about 9% of global aluminum production.
JPMorgan analysts have warned that the indus...
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17.04.26 - 07:03
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Aluminium wird knapp: Dieser Top-Tipp profitiert (Der Aktionaer)
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Geopolitische Spannungen und steigende Energiepreise setzen viele Branchen unter Druck. Lieferketten geraten ins Wanken, wichtige Handelsrouten werden zum Risiko. Doch genau in diesem Umfeld entstehen auch neue Gewinner – und einer davon profitiert gleich mehrfach von der aktuellen Lage....
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