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Easter Monday AL Market Update April 21, 2025
- wf3952
- 14 minutes ago
- 2 min read
LME Closed – Working Off Aftermarket and Mill Availability
The London Metal Exchange is closed today, so we're navigating the market based on aftermarket activity and current mill availability. This means price movements and offers will be influenced more heavily by supply chain dynamics, mill positions, and recent industry developments rather than real-time exchange pricing.
Here’s what my offers are currently based on:
LLME: 1.0575
MWP: 0.3965
MWTP: 1.4594
As always, feel free to reach out if you have specific commodities you’re looking to sell. I’m actively reviewing available supply and demand across a range of metals and alloys.
What’s Driving the Market This Week?
Several key developments have shaped last week’s sentiment and could continue to influence trends in the near term:
🛠️ Fast-Track Status for Arizona Copper Project
The U.S. government has awarded "Fast-41" status to the Resolution Copper mine in Arizona, jointly owned by Rio Tinto (RIO) and BHP Group (BHP). This move streamlines the approval process, potentially accelerating copper supply to the U.S. market. If momentum continues, we could see an uptick in domestic mining output and a faster-than-expected revitalization of the metals industry.
🏛️ US Steel-Nippon Deal Back Under Review
The ongoing saga around the acquisition of U.S. Steel by Nippon Steel is heating up again. President Biden had previously blocked the deal citing national security concerns, and now the Committee on Foreign Investment in the United States (CFIUS) has been tasked with a fresh 45-day confidential review. The outcome could impact both U.S. steel policy and foreign investment trends across the industry.
⚡ EV Innovation Could Shift Aluminum Demand
A new report by the Institute of Materials, Minerals, and Mining highlights a breakthrough in cold welding aluminum and copper for EV battery wiring. NTNU’s development of Hybrid Metal Extrusion and Bonding (HYB) technology could encourage automakers to replace copper with aluminum to reduce costs and improve energy efficiency. If adopted at scale, this innovation could spark increased aluminum demand across the EV sector.
Last Week’s Aluminum Trends
LLME Aluminum
High: 1.0684
Low: 1.0532
MWP
High: 0.391
Low: 0.3965
MWTP
High: 1.4594
Low: 1.4472
Whether you're actively trading or just keeping tabs on market direction, stay in touch for updates, price checks, or to move material. Let’s make the most of the aftermarket while the LME takes a breather.
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