U.S. Aluminum Prices Remain High After Novelis Fire Hit Supply Chain ...Middle East

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U.S. Aluminum Prices Remain High After Novelis Fire Hit Supply Chain
The Aluminum Monthly Metals Index (MMI) remained sideways, rising by a modest 0.5% from September to October. Meanwhile, the price of aluminum remains in an uptrend, supported by a growing number of factors. Novelis Oswego Fire Challenges U.S. Supply A massive fire at Novelis’ Oswego facility took a significant cut out of U.S. aluminum capacity. The September 16 event caused extensive damage throughout the facility, rendering its hot mill unusable until early 2026. The company also declared a force majeure on automotive, beverage and container…

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