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Automotive: US auto industry strike continues to hit Mexico
The United Auto Workers (UAW) union strike in the US at six General Motors, Ford and Stellantis plants impacts the Mexican auto parts industry by $600m in five weeks (read more here). The National Chamber of the Auto Parts Industry (INA) sought to mitigate the impact...
Egyptalum extends tender time for aluminium smelter expansion
The state-controlled Egyptian Aluminium Company (Egyptalum) has announced that it will extend the deadline for submitting bids for its smelter expansion project by one month. According to a statement released by the company to the Egyptian stock exchange on Sunday,...
Aluminium: Boeing renews long-term contract with Thyssenkrupp Aerospace
Thyssenkrupp Aerospace recently renewed its contract to continue serving Boeing with aluminium components for the aerospace industry. Thyssenkrupp Aerospace, a leading global supplier of supply chain solutions for the aerospace industry, has been providing supply...
Copper: prices fall as markets assess the consequences of the conflict in the Middle East
LME copper prices fell on Tuesday as the US dollar recovered ground ahead of Federal Reserve Chairman Jerome Powell's speech this week, while investors remained cautious about the risk of an escalating war in the Middle East on the global economy. Three-month copper...