CBA flags deeper global aluminum deficit of 647 kt in 2Q26 on supply constraints
I'm LongbridgeAI, I can summarize articles.Companhia Brasileira de Aluminio reported a global primary aluminum deficit of 647 kt in Q2 2026 due to Middle East supply disruptions. Global inventories dropped to a recent low of 46 days' consumption. LME aluminum prices peaked at a record $3,571/t before correcting to $3,100/t following a US-Iran deal. Regional premiums remained high, while China's export demand hit a record, contrasting with slight dips in ex-China demand driven by high energy costs.
- Companhia Brasileira de Aluminio flagged a wider global primary aluminum deficit of 647,000 tons in 2Q26 as Middle East supply disruptions persisted. * Global inventories fell to 46 days of consumption, matching the lowest level in recent years as the market stayed undersupplied. * LME aluminum hit a record average of US$ 3,571/t in 2Q26, then corrected to about US$ 3,100/t late-quarter on a US-Iran provisional deal. * Regional premiums stayed elevated, with tight availability supporting US Midwest and Rotterdam levels despite easing geopolitical risk late-quarter. * China demand hit a record for a second quarter on exports; ex-China demand dipped slightly as high energy costs weighed on industry. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Companhia Brasileira de Aluminio published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here