← Porsche overview

Porsche vs Aluminum (CME): why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Porsche AG (P911.XETRA)

Q3 2026
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Porsche Q3 2026: Sales Slump, EV Pivot, VW Writedown Hit Shares

  • Sales slump and China weakness Porsche's sales fell 16% to a six-year low, with China down over 30% due to fierce local competition and a property slump. This weak demand pressured the stock.

    It explains the core demand problem that drove negative sentiment.

  • EV strategy pivot and profit gap Macan and Taycan EV sales dropped sharply, forcing a costly shift back to gas engines and an estimated €500m profit gap for 2027. Margins collapsed to 1.1%.

    It highlights the strategic misstep and its financial impact.

  • VW writedown and job cuts Parent Volkswagen's €6bn writedown and profit warning hammered shares. Porsche also deepened job cuts to roughly 9,000 by 2035, adding to cost concerns.

    It shows the parent company's troubles and restructuring costs affecting the stock.

  • Profit rise and cash deals First-half operating profit rose 34% to €1.35bn with a 7.8% margin, and the 2026 outlook was maintained. Cash-positive deals like the €1bn Bugatti Rimac exit and €320m MHP sale lifted cash-flow guidance, though largely one-off.

    It provides the positive counterweight that partially offset the negative drivers.

September 2026
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Porsche hit by VW writedown, job cuts, EV slump; cash deals offset

  • Volkswagen's €6bn writedown and profit warning Parent Volkswagen wrote down its stake in Porsche by €6bn and cut group profit guidance, a major blow to investor confidence. This overshadowed Porsche's own operations and weighed heavily on the shares.

    This is the single largest negative event in the period and directly explains the stock's pressure.

  • EV sales slump and costly gas-engine pivot Porsche's EV sales fell sharply (Macan -40%, Taycan -25%) and China deliveries dropped 32%, forcing a pivot back to gas engines. That pivot creates an estimated €500m profit gap in 2027, showing how badly the EV strategy has stalled.

    This is the core operational problem driving the negative outlook and future earnings risk.

  • More job cuts and margin collapse Volkswagen approved about 4,100 additional job cuts at Porsche, and margins collapsed to just 1.1%. Morgan Stanley kept its Underweight rating, reflecting deep concerns about profitability and the need to break even below 200,000 units.

    These details show the depth of the profitability crisis and analyst skepticism.

  • Cash-positive Bugatti exit and MHP sale Porsche completed a €1bn Bugatti Rimac exit, lifting its 2026 cash-flow outlook, and sold its MHP tech unit to TCS for €320m plus a €1.25bn service pact. These deals boost cash but are largely one-off or strategic.

    These are the main positive developments that partially offset the negative news.

Latest
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Porsche resets for smaller, pricier future as EV and China slump bites

  • Porsche sells MHP tech unit to TCS in €320m deal with €1.25bn service pact Porsche is selling its MHP consulting arm to Tata Consultancy Services for about €320m and committing €1.25bn over five years for AI and software services. This brings in cash and outside tech expertise, supporting the shares, though the benefit is mostly strategic rather than a big profit boost.

    New deal shows Porsche raising cash and outsourcing tech to cut costs and gain AI capability.

  • Thailand EV tax review could hit imported Porsches with highest excise tier Thailand is reviewing car taxes and plans to put fully imported cars like Porsches in the highest excise bracket, while locally built EVs get lower rates. This could raise prices for Thai buyers and hurt demand in a small but profitable market, a modest negative for the shares.

    New regulatory risk that could raise costs and reduce demand for imported Porsches in Thailand.

  • EV slump and China weakness force gas-engine pivot with costly 2027 gap Electric Macan sales fell 40% and Taycan deliveries dropped 25%, while China deliveries sank 32%. Porsche is bringing back a gas Macan in 2028, but HSBC estimates the timing gap will cost about 25,000 units and €500m profit in 2027, weighing on the shares.

    New data shows core EV and China demand problems driving a costly strategy shift.

  • Porsche plans 20% price rise on top models and lower break-even under 200,000 units Porsche will raise average prices of its most expensive models about 20% by 2030 and cut its break-even point below 200,000 vehicles, with 9,000 job cuts by 2035. The plan targets a 15% margin long term, but the margin has collapsed to 1.1% and deliveries are falling, so the market reaction was mixed.

    New strategic plan directly addresses profitability but carries execution risk and near-term weakness.

▼3▲1

Porsche exits Bugatti Rimac, but VW's profit warning and job cuts weigh

  • Porsche completes €1bn Bugatti Rimac exit, raises cash flow outlook Porsche sold its Bugatti Rimac and Rimac Group stakes for about €1bn and raised its 2026 automotive net cash flow margin guidance to 5.5–7.5% from 3–5%. More cash and a higher forecast support the shares, though the one-off gain is not recurring profit.

    This is the main positive event of the period, directly improving Porsche's cash position and guidance.

  • Volkswagen writes down Porsche by €6bn, cuts group profit outlook Parent Volkswagen took a €6bn writedown on Porsche and slashed its 2026 group profit margin forecast to 1% from 4–5.5%, citing China weakness and restructuring. The writedown signals Porsche's earnings power is weaker than expected, pressuring its shares.

    This is the biggest negative driver, directly linking Porsche to VW's profit warning and asset impairment.

  • VW supervisory board approves ~4,100 additional job cuts at Porsche Volkswagen's board approved cutting about 4,100 more jobs at Porsche to close a €700m overhead savings gap. The cuts show deep cost problems and pressure to shrink, which can hurt morale and brand strength, though they may improve long-term profitability.

    This is a concrete new restructuring step that directly affects Porsche's cost base and workforce.

  • Morgan Stanley keeps Porsche at Underweight in European auto review Morgan Stanley maintained an Underweight rating on Porsche while upgrading Renault and keeping Overweight on Mercedes and BMW. The analyst view signals Porsche may lag peers, which can weigh on investor sentiment and demand for the stock.

    This is a fresh analyst opinion that directly influences how investors see Porsche relative to competitors.

August 2026
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Porsche cuts one in five jobs as China slump persists, but profit beats

  • Porsche to cut 20% of workforce by 2035 Porsche will cut about 9,000 jobs, one in five employees, by 2035, after agreeing an extra 5,000 cuts on top of earlier plans. It shows how deep the sales slump and stalled EV push have hurt, and weighs on the shares.

    This is the period's biggest new restructuring event and directly signals financial strain.

  • First-half operating profit up 34%, 2026 outlook kept Porsche kept its 2026 outlook and said first-half operating profit rose 34% to €1.35bn, with a 7.8% margin above its full-year target. Cost discipline is working, a real counterweight to the gloom, though job cuts will dent the second half.

    It is the main positive counterweight showing profits holding up despite weak sales.

  • China weakness spreads across German premium carmakers Porsche's China second-quarter sales fell at least 30%, echoing BMW, Mercedes and Volkswagen, as Chinese buyers choose cheaper local brands. China was once Porsche's profit engine, so its continued decline pressures earnings and the stock.

    It confirms the key demand problem behind Porsche's troubles is not easing.

  • German auto slump forces industry-wide cost cuts Porsche's first-half deliveries fell 16.5% and revenue 5.1% as German carmakers cut costs and jobs amid weak demand. Parent Volkswagen's profit also dropped, showing group-wide pressure that can limit support for Porsche.

    It shows the weak demand and cost pressure are industry-wide, not just a Porsche problem.

▼3▲1

Porsche cuts one in five jobs as China slump persists, but profit beats

  • Porsche to cut 20% of workforce by 2035 Porsche will cut about 9,000 jobs, one in five employees, by 2035, after agreeing an extra 5,000 cuts on top of earlier plans. It shows how deep the sales slump and stalled EV push have hurt, and weighs on the shares.

    This is the period's biggest new restructuring event and directly signals financial strain.

  • First-half operating profit up 34%, 2026 outlook kept Porsche kept its 2026 outlook and said first-half operating profit rose 34% to €1.35bn, with a 7.8% margin above its full-year target. Cost discipline is working, a real counterweight to the gloom, though job cuts will dent the second half.

    It is the main positive counterweight showing profits holding up despite weak sales.

  • China weakness spreads across German premium carmakers Porsche's China second-quarter sales fell at least 30%, echoing BMW, Mercedes and Volkswagen, as Chinese buyers choose cheaper local brands. China was once Porsche's profit engine, so its continued decline pressures earnings and the stock.

    It confirms the key demand problem behind Porsche's troubles is not easing.

  • German auto slump forces industry-wide cost cuts Porsche's first-half deliveries fell 16.5% and revenue 5.1% as German carmakers cut costs and jobs amid weak demand. Parent Volkswagen's profit also dropped, showing group-wide pressure that can limit support for Porsche.

    It shows the weak demand and cost pressure are industry-wide, not just a Porsche problem.

July 2026
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Porsche's deepening China slump and VW-wide cost cuts pressure the stock

  • Porsche accelerates cost cuts and strategy overhaul Porsche is finalizing a second cost-cutting program with 2,000–4,000+ job cuts, admitting it overestimated EV demand and planned for 400,000 annual vehicles while deliveries fell below 280,000. This signals financial strain and a reset of growth plans, weighing on the stock.

    Directly shows Porsche's own restructuring and admission of strategic missteps, a core negative driver.

  • First-half sales hit six-year low, down 16% Porsche's global sales fell 16% to 122,306 units in H1 2026, the lowest since 2020, with a 32% plunge in China and a 13% drop in North America. Weak demand across all regions pressures revenue and profit expectations.

    Concrete sales data confirms weakening demand, a key negative for the stock.

  • German carmakers' China sales plunge in Q2 Porsche's China Q2 sales fell 30–41% as German brands collectively suffered sharp declines amid a property slump and fierce local competition. Porsche expects a fifth straight annual decline in China, a major profit engine, hurting earnings.

    Highlights the severity of the China downturn, a major structural headwind for Porsche.

  • VW weighs up to 50,000 more job cuts, affecting Porsche Volkswagen may cut an additional 50,000 jobs globally to close a 20% cost gap, on top of 50,000 already agreed, including at Porsche. This signals deep group-wide restructuring and cost pressure that could affect Porsche's operations and brand.

    Shows parent VW's financial stress spilling over to Porsche, a negative for sentiment and potential costs.

▼4

Porsche's deepening China slump and VW-wide cost cuts pressure the stock

  • Porsche accelerates cost cuts and strategy overhaul Porsche is finalizing a second cost-cutting program with 2,000–4,000+ job cuts, admitting it overestimated EV demand and planned for 400,000 annual vehicles while deliveries fell below 280,000. This signals financial strain and a reset of growth plans, weighing on the stock.

    Directly shows Porsche's own restructuring and admission of strategic missteps, a core negative driver.

  • First-half sales hit six-year low, down 16% Porsche's global sales fell 16% to 122,306 units in H1 2026, the lowest since 2020, with a 32% plunge in China and a 13% drop in North America. Weak demand across all regions pressures revenue and profit expectations.

    Concrete sales data confirms weakening demand, a key negative for the stock.

  • German carmakers' China sales plunge in Q2 Porsche's China Q2 sales fell 30–41% as German brands collectively suffered sharp declines amid a property slump and fierce local competition. Porsche expects a fifth straight annual decline in China, a major profit engine, hurting earnings.

    Highlights the severity of the China downturn, a major structural headwind for Porsche.

  • VW weighs up to 50,000 more job cuts, affecting Porsche Volkswagen may cut an additional 50,000 jobs globally to close a 20% cost gap, on top of 50,000 already agreed, including at Porsche. This signals deep group-wide restructuring and cost pressure that could affect Porsche's operations and brand.

    Shows parent VW's financial stress spilling over to Porsche, a negative for sentiment and potential costs.

Aluminum (CME) (ALUMINUM.COMM)

Q3 2026
▲2▼2

Aluminum Q3: tight supply vs. new capacity, tariffs add uncertainty

  • Strong electrification demand and record-low inventories Grid and electrification demand stayed strong, with Nexans and Hydro signing a low-carbon deal. LME inventories hit a century low of 271,275 tonnes, and institutions forecast widening deficits, supporting higher prices.

    This point explains the main bullish force: robust demand and critically low inventories.

  • Alunorte alumina output cut tightens supply Alunorte's alumina output was cut to 50%, further tightening the supply of raw material for aluminum. This reduction adds to the tight supply picture and supports higher aluminum prices.

    This point highlights a specific supply disruption that contributed to price support.

  • New supply and forecast cuts weigh on prices Morgan Stanley and Goldman Sachs cut 2027–28 price forecasts on new supply from Indonesia, Saudi Arabia, India, and Angola. Century's Mt. Holly expansion added ~10% US output, easing supply concerns.

    This point captures the main bearish force: expectations of rising future supply and analyst downgrades.

  • Tariff changes and trade tensions raise costs The US halved tariffs for smelter investors, but US-Canada trade tensions escalated with 50% tariffs and retaliation, raising costs and uncertainty. Mexico's tariff negotiations remained unresolved.

    This point explains how trade policy added cost pressure and uncertainty, a key negative factor.

September 2026
▲3

Tariff war and supply cuts drive aluminum prices

  • Alumina supply cut Alunorte, a major alumina refinery, cut output to 50% due to a natural gas shortage. Alumina is a key input for aluminum, so reduced supply could tighten the market and support higher aluminum prices.

    This is a new supply disruption that directly affects aluminum production costs and availability.

  • Australian government supports smelter Australia committed A$2.5 billion to keep Rio Tinto's Tomago smelter running beyond 2028. This ensures continued aluminum production, preventing a potential supply loss that could have pushed prices higher.

    This is a new government intervention that stabilizes supply, which is important for the aluminum market outlook.

  • US-Canada trade tensions escalate The US expanded 50% tariffs on Canadian aluminum and banned some imports, while Canada retaliated. This trade war raises costs and disrupts supply, but also creates uncertainty that can push prices up due to tightness.

    This is a major new escalation in trade policy that directly impacts aluminum flows and pricing.

  • Mexico seeks tariff relief Mexico is negotiating with the US to reduce or eliminate the 50% tariffs on steel and aluminum. If successful, it could ease trade tensions and support aluminum demand, but the outcome is still uncertain.

    This is a new development in tariff negotiations that could affect aluminum trade flows and prices.

Latest
▲3

Tariff war and supply cuts drive aluminum prices

  • Alumina supply cut Alunorte, a major alumina refinery, cut output to 50% due to a natural gas shortage. Alumina is a key input for aluminum, so reduced supply could tighten the market and support higher aluminum prices.

    This is a new supply disruption that directly affects aluminum production costs and availability.

  • Australian government supports smelter Australia committed A$2.5 billion to keep Rio Tinto's Tomago smelter running beyond 2028. This ensures continued aluminum production, preventing a potential supply loss that could have pushed prices higher.

    This is a new government intervention that stabilizes supply, which is important for the aluminum market outlook.

  • US-Canada trade tensions escalate The US expanded 50% tariffs on Canadian aluminum and banned some imports, while Canada retaliated. This trade war raises costs and disrupts supply, but also creates uncertainty that can push prices up due to tightness.

    This is a major new escalation in trade policy that directly impacts aluminum flows and pricing.

  • Mexico seeks tariff relief Mexico is negotiating with the US to reduce or eliminate the 50% tariffs on steel and aluminum. If successful, it could ease trade tensions and support aluminum demand, but the outcome is still uncertain.

    This is a new development in tariff negotiations that could affect aluminum trade flows and prices.

July 2026
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Aluminum: tight supply and strong demand, but new supply and tariff cuts weigh

  • Demand from grid and electrification stays strong Long-term demand from power grid and electrification projects remains solid, highlighted by Nexans and Hydro's five-year low-carbon aluminum deal. Chinese producers reported massive profit jumps, confirming robust current demand. This supports higher aluminum prices.

    Shows a key positive demand force behind aluminum prices in the period.

  • LME inventories hit century low, deficit forecast LME aluminum inventories fell to a century low of 271,275 tonnes—less than one day of global consumption. Institutions forecast a widening supply deficit. Very low stockpiles and expected shortages tend to push prices higher.

    Captures a major supply tightness signal that supported prices.

  • New global supply and forecast cuts pressure prices Morgan Stanley and Goldman Sachs cut 2027-28 aluminum price forecasts, citing new supply from Indonesia, Saudi Arabia, India, Angola, and recovering Middle East output. This expected extra supply weighs on future prices.

    Highlights a key bearish force from new supply and analyst downgrades.

  • US tariff cut and Century expansion boost supply The US halved aluminum import tariffs for companies investing in new smelters, and Century Aluminum's Mt. Holly expansion will boost US output by roughly 10%. Alcoa also lowered alumina output guidance due to operational issues. These add supply and pressure prices.

    Shows policy and expansion-driven supply increases that weighed on prices.

▲3▼1

Aluminum: record-low inventories and supply deficit drive prices higher

  • LME inventories hit century low London Metal Exchange aluminum stocks fell to 271,275 tonnes, the lowest this century and less than one day of global consumption. This extreme tightness makes the market vulnerable to any supply disruption and supports higher prices.

    This is a new, concrete supply-side factor that directly explains upward price pressure.

  • Institutions forecast widening supply deficit CMB International expects the global aluminum supply deficit to widen to 2% of demand in 2026, with prices up 15% year-on-year, due to Middle Eastern smelter disruptions. Soochow Securities sees a long-term bull case from capped Chinese capacity and steady demand growth.

    New analyst forecasts reinforce the supply-deficit narrative that is the main bullish driver.

  • Strong Chinese producer earnings confirm robust demand Yunnan Aluminum, Zhongfu Industrial, and Tianshan Aluminum all forecast large first-half profit jumps, with Yunnan's second-quarter profit hitting a record. This confirms strong demand and tight market conditions, supporting higher aluminum prices.

    New earnings reports from major producers show the market is tight and demand is solid.

  • US smelter expansion adds future supply Century Aluminum's Mt. Holly expansion will raise total US primary aluminum output by about 10%, with a $50 million investment. While gradual, this new supply could eventually weigh on prices, though it is small against global demand.

    This is a new supply-side development that acts as a counterweight to the bullish factors.

▲2▼2

US tariff cut and smelter expansions add supply; demand still strong

  • US tariff cut for new smelters adds future supply Trump halved the aluminum import tariff from 50% to 25% for companies that invest in new US smelters. This lowers costs and encourages more domestic production, which eventually adds supply and weighs on aluminum prices.

    This is a major new policy that directly affects aluminum supply and prices.

  • Century Aluminum expands Mt. Holly smelter Century Aluminum is expanding its Mt. Holly smelter, increasing US aluminum production capacity. More supply tends to push prices down, though the impact is gradual as new output comes online.

    This is a concrete new supply increase that affects the market balance.

  • Strong Chinese earnings confirm robust aluminum demand Chinese nonferrous metals companies reported a 161% jump in first-half profit, driven by rising aluminum prices. This shows demand is strong and supports higher aluminum prices.

    It provides fresh evidence of strong demand from the world's largest aluminum consumer.

  • Hydro's profit surge reflects higher aluminum prices Norsk Hydro's Q2 profit more than doubled, helped by higher aluminum prices and better recycling margins. This confirms that current market conditions are favorable for producers, supporting prices.

    It shows that aluminum prices are high enough to boost producer profits, reinforcing positive sentiment.

▲2▼1

Aluminum demand solid but new supply and bearish forecasts weigh on prices

  • Long-term demand from grid and electrification Nexans and Hydro signed a five-year deal for 85,000 tonnes of low-carbon aluminium wire rod, supporting Europe's grid buildout. This steady demand for power cables and transmission lines underpins aluminum prices over the long term.

    Shows a concrete new demand source that supports aluminum prices.

  • New global supply and bearish bank forecasts Morgan Stanley and Goldman Sachs cut aluminum price forecasts for 2027-28, citing new supply from Indonesia, Saudi Arabia, India, Angola, and recovering Middle East output. This expected surplus is the main force pushing prices down.

    Directly explains the biggest downward pressure on aluminum prices this period.

  • Strong Chinese producer profits signal tight market Hongqiao, Diantou Energy, and Yee Chiu Resources all forecast big profit jumps for the first half of 2026, driven by high aluminum prices and a temporary supply gap from Middle East conflicts. This confirms strong current market conditions.

    Shows that current aluminum prices are high enough to boost producer earnings, supporting the market.

  • Alcoa's record results and output cut Alcoa reported record quarterly revenue of $4 billion on higher aluminum prices, but lowered its 2026 alumina output guidance due to operational issues. The output cut reduces supply, which is positive, but the overall market still faces new global supply.

    Highlights a major producer's performance and a supply reduction that could support prices.

Q2 2026
▲3▼1

Aluminum's big picture: electrification demand up, supply recovering

  • Electrification and AI power demand boost aluminum Global electricity demand is growing faster than GDP for the first time, driven by AI data centers and EVs. This electrification is lifting demand for metals like aluminum, with prices already up 12% over the past year. More power infrastructure means more aluminum for cables and equipment, supporting higher prices.

    This is the main demand-side force pushing aluminum prices up, directly answering what's driving the commodity.

  • Novelis restarts production, easing auto supply crunch Novelis restarted its Oswego aluminum plant after fires disrupted supply to Ford and other automakers. This adds supply back to the market, which tends to push aluminum prices down. Ford expects to recover some lost earnings as production normalizes.

    This is a new supply increase that weighs on aluminum prices, providing a counterweight to demand-driven gains.

  • US domestic aluminum supply chain gets a boost Brimstone and Century Aluminum signed an MOU to create the first fully US mine-to-metal aluminum supply chain, reducing reliance on imports. Century also plans to double US primary aluminum capacity and restarted idle capacity. This supports long-term domestic supply but may not immediately lower prices.

    This is a new strategic development that could reshape supply dynamics and support prices by reducing import dependence.

  • Alcoa secures power for Lista smelter, ensuring production Alcoa signed power agreements with Statkraft to secure electricity for its Lista aluminum plant through 2031. This ensures continued production at the smelter, which recently restarted a potline adding 31,000 tonnes of capacity. Stable energy supply supports aluminum output, but the impact on prices is gradual.

    This is a new supply-side development that ensures production continuity, indirectly supporting prices by preventing disruptions.

June 2026
▲3▼1

Aluminum's big picture: electrification demand up, supply recovering

  • Electrification and AI power demand boost aluminum Global electricity demand is growing faster than GDP for the first time, driven by AI data centers and EVs. This electrification is lifting demand for metals like aluminum, with prices already up 12% over the past year. More power infrastructure means more aluminum for cables and equipment, supporting higher prices.

    This is the main demand-side force pushing aluminum prices up, directly answering what's driving the commodity.

  • Novelis restarts production, easing auto supply crunch Novelis restarted its Oswego aluminum plant after fires disrupted supply to Ford and other automakers. This adds supply back to the market, which tends to push aluminum prices down. Ford expects to recover some lost earnings as production normalizes.

    This is a new supply increase that weighs on aluminum prices, providing a counterweight to demand-driven gains.

  • US domestic aluminum supply chain gets a boost Brimstone and Century Aluminum signed an MOU to create the first fully US mine-to-metal aluminum supply chain, reducing reliance on imports. Century also plans to double US primary aluminum capacity and restarted idle capacity. This supports long-term domestic supply but may not immediately lower prices.

    This is a new strategic development that could reshape supply dynamics and support prices by reducing import dependence.

  • Alcoa secures power for Lista smelter, ensuring production Alcoa signed power agreements with Statkraft to secure electricity for its Lista aluminum plant through 2031. This ensures continued production at the smelter, which recently restarted a potline adding 31,000 tonnes of capacity. Stable energy supply supports aluminum output, but the impact on prices is gradual.

    This is a new supply-side development that ensures production continuity, indirectly supporting prices by preventing disruptions.

▲3▼1

Aluminum's big picture: electrification demand up, supply recovering

  • Electrification and AI power demand boost aluminum Global electricity demand is growing faster than GDP for the first time, driven by AI data centers and EVs. This electrification is lifting demand for metals like aluminum, with prices already up 12% over the past year. More power infrastructure means more aluminum for cables and equipment, supporting higher prices.

    This is the main demand-side force pushing aluminum prices up, directly answering what's driving the commodity.

  • Novelis restarts production, easing auto supply crunch Novelis restarted its Oswego aluminum plant after fires disrupted supply to Ford and other automakers. This adds supply back to the market, which tends to push aluminum prices down. Ford expects to recover some lost earnings as production normalizes.

    This is a new supply increase that weighs on aluminum prices, providing a counterweight to demand-driven gains.

  • US domestic aluminum supply chain gets a boost Brimstone and Century Aluminum signed an MOU to create the first fully US mine-to-metal aluminum supply chain, reducing reliance on imports. Century also plans to double US primary aluminum capacity and restarted idle capacity. This supports long-term domestic supply but may not immediately lower prices.

    This is a new strategic development that could reshape supply dynamics and support prices by reducing import dependence.

  • Alcoa secures power for Lista smelter, ensuring production Alcoa signed power agreements with Statkraft to secure electricity for its Lista aluminum plant through 2031. This ensures continued production at the smelter, which recently restarted a potline adding 31,000 tonnes of capacity. Stable energy supply supports aluminum output, but the impact on prices is gradual.

    This is a new supply-side development that ensures production continuity, indirectly supporting prices by preventing disruptions.