North American aluminum demand returned to growth in the first half of 2026, but the recovery has exposed a widening gap between market consumption and domestic production. Rising imports of semi-fabricated aluminum products, particularly sheet, have supported regional demand as shipments from US and Canadian producers continue to weaken. According to preliminary industry estimates, aluminum demand across the United States and Canada increased 3.5% Year-on-Year through June 2026, reaching an estimated 13.57 billion pounds (6.16 million metric tonnes), compared with 13.12 billion pounds (5.95 million metric tonnes) during the corresponding period of 2025. The improvement marks a reversal from the previous year's contraction, although imports rather than stronger domestic mill shipments...
The London Metal Exchange (LME) aluminium price graph broke the rising streak on October 29, cooling after maintaining an upward trend for seven consecutive sessions. The session reported declines of nearly 1 per cent across the cash and near-term contracts over the October 28 close . The LME aluminium cash bid price dropped by 0.95 per cent from USD 3,100 per tonne to USD 3,070.5 per tonne. The offer price slipped from USD 3,101 per tonne to USD 3,071 per tonne, down 0.98 per cent day-on-day. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,083.5 per tonne to USD 3,062 per tonne, decreasing by 0.7 per cent. The offer...
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Hydro’s Head of aluminium plants, Ola Sæter has described how the aluminium giant is planning to curtail unnecessary operational expenditures through the instalment of sensor-based LED lighting systems in its smelters. These latest energy efficiency measures might save up to 90% of energy costs making Hydro’s journey toward sustainability more profound. Ola Sæter, remarked: "Efficient energy use is very important for our competitiveness. With new technology and solutions within energy efficiency, we see it is possible to cut even more of the electricity consumption in the smelters. This reduces the need for power and gives an environmental benefit both for Hydro and for Norway.” The implementation of new energy efficiency measures will occur in a phased approach. Initially, the smelters...
Emirates Global Aluminium expects aluminium prices to grow in line with the demand gains. It also projects its 2023 sales volume to remain steady even though the metal prices are on a downward trend. CEO Abdulnasser Bin Kalban said in an interview on Thursday, August 31, that EGA’s sales volume usually looms higher in the second half of a year. He also noted that the company now focuses on curbing expenses to bolster margins, as part of a preparation for when the owners decide to hold the IPO . Aluminium prices reached record lows in the wake of the Ukraine-Russia conflict last year, further contributed by shifting trade flows and interrupted energy supply. Ever since, the prices on the London Metal Exchange declined, so much so that it is now trading about 6.5 per cent lower this year....
According to the Marubeni Corp report on Friday, September 1, aluminium stocks dropped across Japan in July 2023 by 1.9 per cent month-on-month. At the three major Japanese ports - Yokohama, Nagoya, and Osaka- aluminium stocks reached 350,600 tonnes at the end of July compared to 357,490 tonnes in the previous month. In June, the stocks grew nearly by 1 per cent from 354,000 tonnes in the prior month, according to Marubeni Corp. On a year-on-year basis, Japanese aluminium stocks in July 2023 fell by 3.68 per cent from 364,000 tonnes. In July, aluminium stocks at Yokohama stood at 157,900 tonnes, registering a decline of 3,300 tonnes or 2.05 per cent from 161,200 tonnes. However, on a year-on-year basis, the stocks in July 2023 recorded a significant rise of 16,800 tonnes or 11.91 per cent...
LME aluminium opened at US$2,201.5 per tonne on Wednesday, with its high and low at US$2,229 per tonne and US$2,199.5 per tonne, respectively, before closing at US$2,201 per tonne, a slight decrease of US$0.5 per tonne or 0.02 per cent from the previous trading day. On Thursday, August 31, both LME aluminium cash bid price and LME aluminium official settlement price gained US$25 per tonne or 1.16 per cent to score at US$2,165 per tonne and US$2,165.50 per tonne. As per the LME graph , both 3-month bid price and 3-month offer price expanded by US$24.5 per tonne or 1.12 per cent to close at US$2,203 per tonne and US$2,204 per tonne. December 24 bid price and December 24 offer price ascended by US$24 per tonne to halt at US$2,352 per tonne and US$2,357 per tonne. LME aluminium opening stock...
Russell Investments Group Ltd. has reportedly increased its stake in Century Aluminum by 33.1 per cent to 130,391, representing about 0.14 per cent of the company's worth. By buying these additional shares, Russell Investments Group shows its confidence in the company's future prospects. Ressell Investments has taken this move amid mixed recommendations for Century Aluminum from many equity analysts. For instance, Wolfe Research recently reduced their rating on the stock from 'peer perform' to 'underperform', and B. Riley turned down their price target from $10.00 to $9.00 and gave the company a 'neutral' rating. On the other hand, StockNews.com upgraded their rating for Century to 'sell' in a research report on August 16. These differences of opinion indicate uncertainty about the stock...
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the biggest industrial company in the United Arab Emirates reports competitive financial performance for the aluminium sector in H1 2023. Despite market conditions moderating, EGA's adjusted EBITDA was AED 4.2 billion ($1.1 billion), with a net profit of AED 2.0 billion ($533 million). EGA's aluminium segment adjusted EBITDA margin was 27%, continuing to lead global industry stalwarts. EGA's average realised London Metal Exchange price for its aluminium was $2,359 per tonne, which was lower than H1 2022's $3,063 per tonne but higher than H2 2022's $2,392 per tonne. The company made a corporate debt pre-payment of AED 2.9 billion ($800 million) during H1 2023, continuing its deleveraging strategy to...
Huomei Hongjun Aluminum and Electricity Company has built the country's first automatic production line for aluminium ingot casting, which automates slag breaking, ingot casting, packaging, weighing, and other processes. The announcement was made by Liu Ruihong, Secretary of the Party Committee of Inner Mongolia Huomei Hongjun Aluminium Electric. Huomei Hongjun Aluminium & Electricity has played the two cards of "green aluminium" and "smart factory" in recent years, accelerating the transition to low-carbon, clean, and intelligent, making the aluminium industry bigger and stronger, and creating clean production in the aluminium industry model. The corporation continues to expand its share of new energy consumption by relying on the Huolinhe circular economy "source network load storage"...
Press Metal Aluminium Holdings Bhd recently missed its expected earnings, which may continue in the quarters ahead. According to Hong Leong Investment Bank (HLIB) Research, South-East Asia’s largest aluminium producer is likely to experience a gloomy future due to subdued aluminium prices in the spot market. The investment bank said in a report, “In the near term, the outlook for aluminium as a metal poses challenges, primarily attributed to concerns surrounding economic slowdown and the overall decline in global real estate markets, driven by the prevailing high interest-rate environment.” HLIB Research thus recommends ‘sell’ for Press Metal and reduces its target price to RM4.03 per share from RM4.22 earlier. HLIB has shared a negative outlook for Press Metal Aluminium after the company...
The aluminium industry has hailed energy saving, carbon reduction, life extension and environmental protection as a new iterative technology in the world aluminium electrolysis sector. The "Project Development and Application of Copper-Carbon Composite Cathode Technology Integrated with Aluminium Electrolysis" assessment conference took place on August 10, 2023, hosted by Shandong Weiqiao Entrepreneurship Group Co., Ltd. Jia Mingxing, holding the position of Executive Vice President of the China Nonferrous Metals Industry Association and Chairman of the China Nonferrous Metals Society, as well as being a professor-level senior engineer, led the assessment gathering. Zhang Bo, the Chairperson of China’s Shandong Weiqiao Entrepreneurship Group Co., Ltd., delivered a warm welcome address....
In July 2023, primary aluminium production in Africa stood at 134,000 tonnes after experiencing an increase of 3,000 tonnes or 2.29 per cent month-on-month, found the International Aluminium Institute data. However, the output in June, which was at 131,000 tonnes, recorded a plunge of 3.68 per cent from 136,000 tonnes in the previous month. On a year-on-year basis, Africa’s primary aluminium output edged a fall of 4,000 tonnes or 2.90 per cent from 138,000 tonnes. The daily average production in July 2023 was 4,300 tonnes, slightly down from 4,400 tonnes in June despite the rise in monthly output. On an annual basis, the daily output in July was 4.44 per cent lower than 4,500 tonnes. In the first seven months of 2023, Africa’s primary aluminium output totalled 922,000 tonnes – 1.91 per...
LME aluminium opened at US$2,172.50 per tonne on Wednesday, with its high and low at US$2,207 per tonne and US$2,164.5 per tonne, respectively, before closing at US$2,201.50 per tonne, an increase of US$33 per tonne or 1.52 per cent from the previous trading day. The LME aluminium live price chart on August 30 experienced uniform growth, with the LME aluminium cash bid price and the LME aluminium official price gaining US$24 per tonne or 1.13 per cent to officially close at US$2,140 per tonne and US$2,140.50 per tonne, respectively. London Metal Exchange graph showed that the 3-month bid price and the 3-month official price have ascended by US$19.50 per tonne or 0.9 per cent to close at US$2,178.50 per tonne and US$2,179.50 per tonne. The December 24 bid price and the December 24 official...
LME aluminium opened at US$2,152 per tonne on Tuesday, with its high and low at US$2,179.5 per tonne and US$2,152 per tonne, respectively, before closing at US$2,169 per tonne, an increase of US$18.5 per tonne or 0.86 per cent from the previous trading day. On Tuesday, August 29, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$7 per tonne or 0.39 per cent and US$7.5 per tonne or 0.35 per cent to close at US$2,116 per tonne and US$2,116.50 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price inched down by US$1 per tonne or 0.04 per cent and US$0.5 per tonne or 0.02 per cent to close at US$2,159 per tonne and US$2,160 per tonne. December 24 bid price and December 24 offer price dropped by US$7 per...
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in South East Asia, announced the second quarter results of 2023, reporting a 25 per cent year-on-year decline in net profit ended June 30. The company’s net profit for Q2 was recorded at RM305.79 million or 3.73 sen per share compared to RM409.17 million or 4.97 sen per share a year ago. Revenue for Q2 2023 slipped Y-o-Y by 6.2 per cent from RM4.0 billion to RM3.76 billion, attributing to the delay in global economic recovery causing weaker aluminium demand, analysed Press Metal Group CEO Tan Sri Paul Koon Poh Keong. Keong said in a statement on Tuesday, August 29, “The current weakness in aluminium price can be attributed to softened demand driven by market uncertainties, rather than aluminium supply propelled by smelter...
On August 28, aluminium prices subsided by 0.18 per cent to RMB 198.10, though Beijing attempted to strengthen the currency by swapping state-owned banks in offshore markets. This move aimed to extract yuan and increase the cost of shorting the currency. The People's Bank of China (PBOC) reduced its one-year loan prime rate by 10 basis points to a historic low of 3.45 per cent on August 21 while keeping the five-year loan prime rate unchanged at 4.2 per cent. Earlier in the month, the central bank also lowered its seven-day reverse repo and one-year medium-term lending facility rates. The yuan was further affected by economic uncertainties and an intensifying property sector crisis in China, as well as a widening interest rate differential. China reported a 6.7 per cent decline in the...
Bintulu Port Holdings Bhd's (Bintulu Port) operations are expected to perform better in the second half of the year, according to analysts, despite its first-half results falling short of the full-year consensus estimate. Kenanga Research believes that the results are in line with expectations and hopes for a stronger second half due to higher liquefied natural gas (LNG) shipments ahead of the winter months. However, the ongoing economic challenges in China may lead to lower demand for aluminium and manganese, which could affect inbound and outbound cargo volumes from Samalaju Industrial Port's key customers. Nevertheless, Kenanga Research believes that Bintulu Port's key customers have an edge over their peers in the international market due to their products' low-carbon footprint....
In July 2023, China's primary aluminium exports reached 22,700 tonnes, climbing 200 per cent year-on-year. But the country's total exports in the year's first seven months reflected a fall of 56 per cent to 80,300 tonnes. China's pre-baked anode exports dipped by 0.42 per cent M-o-M and dwindled by 21.63 per cent Y-o-Y to come in at 161,800 tonnes in July 2023. According to rough calculations, the average export unit price of pre-baked anode in July was $768.14 per tonne (approx.), down by 4.89 per cent M-o-M and 2-year low. The cumulative export volume of China's pre-baked anode during January-July 2023 was 2.0421 million tonnes – 14.81 per cent less than the corresponding period of the last year. China's aluminium sheets and strips exports reached 228,000 tonnes in July, marking a 2 per...
Alia Al Hashimi's commanding presence at the controls of a massive crane overseeing scorching aluminium smelters sends a resolute message to young women: They can carve out a place on the factory floor. At 24, Al Hashimi, a chemical engineer, defies gender stereotypes by skillfully navigating the crane, hoisting her above the sprawling Kizad facility of Emirates Global Aluminium (EGA), the UAE's foremost industrial giant beyond oil and gas. Despite her family's initial concerns about entering a male-dominated sector, Al Hashimi's unwavering commitment to her dream career has driven her forward. "They said it was a difficult job and a job that a man does," she shared. With her gaze set on inspiring others, Al Hashimi, an American University of Sharjah graduate, emphasizes the importance of...
Zacks Investment Research has reportedly lowered its estimates for Century Aluminium’s Q3 2023 earnings per share (EPS) in a research report issued to clients and investors. According to M. Agarwal, a research analyst at Zacks, projects that Century will post earnings of $0.09 per share for the current quarter, significantly down from the previous forecast of $0.22. As per the investment research firm Zacks, the downtrend is likely to continue until the fourth quarter of 2023, with EPS estimated at $0.06. Other equities analysts have also issued research reports about the company. StockNews.com has granted a ‘sell’ rating to Century Aluminium in a research note, while Wolfe Research has reduced Century’s rating from ‘peer perform’ to ‘underperform’, setting a $6.00 target price on the...
