The upstream aluminium market kicked off the week with a mix of strong earnings, operational challenges, and strategic resilience across major players. India’s state-run NALCO delivered a stellar start to FY26, posting a 77 per cent year-on-year surge in Q1 profit on the back of buoyant demand, cost efficiencies, and robust exports. Hindalco also reported […]
Continue reading
The protectionist tariff strategy once championed by US President Donald Trump to bolster domestic aluminium and steel production appears to be backfiring in early 2025. US trade relations with India have entered a turbulent phase. The US recently rejected India’s request for consultations at the World Trade Organisation (WTO) over the doubling of tariffs on […]
Continue reading
The history of aluminium is relatively short since it was discovered only in the nineteenth century, yet it has become an essential part of everyday life. Therefore, aluminium is an attractive material for many applications, including transportation, electrical, packaging and food industries, architecture, renewable energy production and batteries and it is also included in the […]
Continue reading
This week the global aluminium industry has witnessed a lot of significant events. From North America’s brewing tariff tensions to fluctuating stock performances in India, to three major players of the global aluminium industry, namely Rio Tinto, Vedanta and Constellium SE announcing their latest financial updates. To begin with, Rio Tinto, reported a dip in […]
Continue reading
When you’re building an aluminium supply chain across countries, you’re not just moving products, you’re managing: Expectations, solving logistics PUZZLEs, connecting people who often speak different business “languages.” Here’s what I’ve learned from working in the middle of that process, between factory, forwarder and customer, every single day. Logistics is not just delivery; it’s a […]
Continue reading
In today’s blog of Hedging with Jorge, we continue our journey into the world of aluminium market risk management by exploring a key financial instrument used by hedgers: the call option. While often associated with speculative trading, the use of call options for hedging follows a completely different logic, one that’s more aligned with buying […]
Continue reading
Trade tensions are once again simmering across North America and Asia as the United States faces mounting pressure from key partners over its stance on aluminium and steel imports. In July 2025, two major developments unfolded, Canada hinted at revising its retaliatory tariffs on US metals, while India drew sharp criticism from Washington after threatening […]
Continue reading
Used Beverage Cans (UBCs) are among the most valuable and recyclable forms of aluminium scrap, yet the United States struggles to recover even half of them. Despite the aluminium can being 100% recyclable and capable of returning to shelves in just 60 days, America recycled only 45.2% of its aluminium beverage cans in 2023. This […]
Continue reading
In my last column, I wrote about a dilemma that most small and mid-sized aluminium extruders live with: the constant trade-off between cutting prices to stay competitive and protecting product quality to survive. I suggested there’s a third path, upgrading. But before we talk about what that looks like, we need to understand what we’re […]
Continue reading
In this blog of Hedging with Jorge, we take a fresh look at call options and explore why a hedger might choose to pay a premium on a call instead of using futures, even when the futures curve is flat. To simplify the concept, Jorge draws on an everyday analogy, car insurance and highlights how […]
Continue reading