U.S. election results could mark a turning point for Canadian aluminum
Published . Updated .
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The head of Canada’s aluminum industry says the U.S. midterm election results could mark a turning point in the trade dispute between Canada and the U.S.
Directly affected
- No company is named in this report.
Indirectly affected
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.0% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story.
- XME SPDR S&P Metals & Mining ETF-7.3% 30d
SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).
- FCX Freeport-McMoRan-14.9% 30d
Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
- BHP BHP Group-6.0% 30d
BHP Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
- RIO Rio Tinto Group
Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
- VALE Vale S.A-0.3% 10d
Vale S.A (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| PICK | +4.04% | +0.64% | base | +2.00% | after close | after close | after close |
| XME | +4.70% | +1.09% | base | -1.47% | after close | after close | after close |
| EWC | +2.17% | +0.68% | base | +2.78% | after close | after close | after close |
| FCX | +7.87% | +1.12% | base | +1.02% | after close | after close | after close |
| BHP | +5.35% | +1.40% | base | +2.54% | after close | after close | after close |
| RIO | +5.26% | +0.28% | base | +3.38% | after close | after close | after close |
| VALE | +4.42% | +3.87% | base | +4.19% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
U.S. election results could mark a turning point for Canadian aluminum BNN Bloomberg
Source: BNN Bloomberg
The price since 4 Nov 2026: Ishares Msci Global Metals & Mining (PICK) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| BHP Group (BHP) | that day | +2.54% | final price |
| BHP Group (BHP) | three days earlier | +1.40% | final price |
| BHP Group (BHP) | five days earlier | +5.35% | final price |
| Ishares Msci Canada Etf (EWC) | that day | +2.78% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.68% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +2.17% | final price |
| Freeport-Mcmoran (FCX) | that day | +1.02% | final price |
| Freeport-Mcmoran (FCX) | three days earlier | +1.12% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | +7.87% | final price |
| Ishares Msci Global Metals & Mining (PICK) | that day | +2.00% | final price |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | +0.64% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | +4.04% | final price |
| Rio Tinto (RIO) | that day | +3.38% | final price |
| Rio Tinto (RIO) | three days earlier | +0.28% | final price |
| Rio Tinto (RIO) | five days earlier | +5.26% | final price |
| Vale S.A (VALE) | that day | +4.19% | final price |
| Vale S.A (VALE) | three days earlier | +3.87% | final price |
| Vale S.A (VALE) | five days earlier | +4.42% | final price |
| Spdr Series Trust (XME) | that day | -1.47% | final price |
| Spdr Series Trust (XME) | three days earlier | +1.09% | final price |
| Spdr Series Trust (XME) | five days earlier | +4.70% | final price |
Who gains and who loses around Ishares Msci Global Metals & Mining (PICK)
Companies mentioned with this story
- PICK Ishares Msci Global Metals & Mining
Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “U.S. election results could mark a turning point for Canadian aluminum.” Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
- XME Spdr Series Trust
For “U.S. election results could mark a turning point for Canadian aluminum,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
- EWC Ishares Msci Canada Etf
In “U.S. election results could mark a turning point for Canadian aluminum,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”)
- FCX Freeport-Mcmoran
Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “U.S. election results could mark a turning point for Canadian aluminum.” Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- BHP BHP Group
For “U.S. election results could mark a turning point for Canadian aluminum,” BHP Group (BHP) is linked, with no stored direction, medium confidence. Reason on file: BHP Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- RIO Rio Tinto
Rio Tinto (RIO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “U.S. election results could mark a turning point for Canadian aluminum.” Reason on file: Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
- VALE Vale S.A
In “U.S. election results could mark a turning point for Canadian aluminum,” Vale S.A (VALE) is linked, with no stored direction, medium confidence. Reason on file: Vale S.A (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story
Ishares Msci Global Metals & Mining (PICK)
On 4 Nov 2026, “U.S. election results could mark a turning point for Canadian aluminum” is the story that connects Ishares Msci Global Metals & Mining (PICK) to this story.
What ties Ishares Msci Global Metals & Mining (PICK) to the headline is this: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
Also listed, Spdr Series Trust (XME): SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story
Dates and price levels for Ishares Msci Global Metals & Mining (PICK)
EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 60.20. PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. XME traded between 95.15 and 109.02 across 20 sessions. The latest close on file is 97.66.
What the saved facts support for Ishares Msci Global Metals & Mining (PICK)
46 out of 100
“U.S. election results could mark a turning point for Canadian aluminum” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.