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Top Stories

Aluminium Premiums

Crisis-risk rates near 3% as US-Iran conflict puts 6.16 Mt GCC aluminium industry back on Hormuz watch
Primary AL
The Strait of Hormuz is back at the centre of the US-Iran conflict, and the cost of moving ships through the Gulf is already responding. War-risk insurance rates for ships inside the Gulf have risen from around 2 per cent of vessel value at the end of last week towards 3 per cent in the past 24 hours, Reuters reported on July 8, citing industry sources. The renewed shipping tension has emerged for the aluminium industry, while the 6.16 million-tonne GCC primary aluminium industry is still de ...
Japan’s Q3 aluminium premium hits 11-year high at $395/t as physical supply tightens
Primary AL
Some Japanese aluminium buyers have agreed to pay global producers a premium of USD 395 per tonne over the London Metal Exchange benchmark for July-September 2026 shipments, up 12–13 per cent from the previous quarter, according to industry sources. The premium compares with USD 350–353 per tonne paid for April-June deliveries and marks the third consecutive quarterly increase. It is also the highest since January-March 2015, when premiums touched USD 425 per tonne. Japan is a major aluminiu ...

Primary AL
The American Primary Aluminium Association (APAA) has welcomed the decision by Magnitude 7 Metals to reopen its primary aluminium smelter in Marston, Missouri, calling the move a significant positive development for domestic aluminium production and US manufacturing. The company is targeting to bring an extra 75,000 tonnes of annual primary aluminium production onstream by the end of 2026, reactivating potline one at the plant. The restart is anticipated to bring back some of the US primary a ...
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