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U.S. Aluminium, Record Premiums But Few Purchases: Tariff Uncertainty Favours Recycling
The U.S. aluminium market enters the fourth quarter with the Midwest premium at historically elevated levels, but with spot trading still limited. The cost of primary metal is pushing users to consume more scrap, while uncertainty over trade relations between the...
European Steel, Imports Fall But Exports Retreat Further: Consumption Recovery Remains Weak
Europe is importing less steel, but losing even more ground in foreign markets. In the first half of 2026, the European Union’s total imports, including semi-finished products, fell by 5% year on year, while exports to third countries declined by 20%. The result is a...
Molybdenum, Production Falls And Consumption Accelerates: The Link With Copper Complicates Supply
The molybdenum market shows a growing gap between availability and industrial usage. In the second quarter of 2026, global production fell by 3% compared with the same period in 2025, while consumption increased by 8%. Figures released on October 1 by the...
Hormuz, Oil Flows Again But The Recovery Remains Exposed To Attacks
Oil is flowing through the Strait of Hormuz again after months of severe disruption linked to the conflict between the United States and Iran. Flows have recovered a substantial share of pre-war volumes, but the recovery in cargoes does not yet coincide with a return...