Join over 400 executives from across the aluminium supply chain for three days of analysis and insights into raw materials, primary and secondary aluminium markets. This is your once-a-year opportunity to come together with producers, traders and other aluminium purchasers at a critical window in the annual trading calendar.
At this year’s International Aluminium Conference, there’s no shortage of hot topics to explore with our experts and your peers.
Green aluminium is in the spotlight
Supercycle enthusiasts remain subscribed to a bullish outlook for aluminium, because of its role in new technologies, particularly green technologies, and in planned infrastructure developments.
Aluminium undeniably plays a critical role in decarbonizing the world’s energy systems. With aluminium’s new role in the green economy comes new responsibilities. ESG concerns are finding their way into boardrooms and influencing consumers’ purchasing decisions. The mining industry and the supply chains it feeds into have to adapt to a greener, more secular global economy.
The global supply chain is under strain
Recent volatility has been fuelled by ongoing global supply chain issues, Russia’s invasion of Ukraine, revived demand concerns in a zero-Covid China and the hiking up of interest rates by central banks in key markets.
Alongside the falling LME aluminium price, there has been a disparity in global premiums, with European and US premiums hitting all-time highs on logistics and tightness issues and weak Asia demand keeping premiums low.
The bull run is over – what’s next?
Aluminium’s bull run came to a sudden stop after impressive gains in the first quarter of 2022. Continuing downward since then, as of June 2022 it’s threatening to break even lower. The market knows that all good things must come to an end, and yet here we are struggling to fathom how quickly things have turned.
The LME Aluminium price reached an all-time high in March 2022. Since then, the light metal has lost 39% of its value, and now finds itself down 12% overall so far this year – a clear indicator that it is trading in a challenging landscape saddled with the growing risk of a global economic slowdown.