Brazil aluminum producer CBA says CFO to take over as CEO

Underlying earnings for the half-year ended Dec. 31 came in at $1 billion, beating a consensus estimate of $987.5 million.

The metal rose to near the strongest level since 2008 as traders assessed the possible impact of a potential easing of geopolitical tensions over Ukraine.

Woodmac flags growing commodity supply chain inefficiencies as Russia-Ukraine geopolitical tensions simmer.

The latest developments in the Ukraine also lifted other metals like palladium, nickel and aluminum.

The top-five western diversified mining companies may see combined 2021 second-half earnings of $73 billion.

Billionaire Kumar Mangalam Birla’s Hindalco Industries is evaluating expanding its aluminum capacity.

There are more commodities futures contracts trading in backwardation than at any point since at least 1997.

“Aluminum markets are facing a melt-up in prices this year, driven by simultaneous deficits in both China and ex-China drawing on already low stock of inventory,” Goldman analysts say.

Supply-chain snags dominated headlines through most of 2021, catapulting commodities prices to the highest in more than a decade.