Norsk Hydro’s earnings outlook for 2027 is facing mounting pressure from falling aluminium premiums, rising operating costs and easing supply tightness in Europe, prompting Goldman Sachs to downgrade the Norwegian producer from ‘buy’ to ‘neutral’ and reduce its price target from NOK 100 (USD 10.71) to NOK 79 (USD 8.46). Goldman said weaker premiums and higher costs were making further earnings growth harder to achieve in 2027. The bank also lowered its core earnings (EBITDA) forecasts for 2026 and 2027 by 6 per cent each, citing lower aluminium prices and rising costs. The changing market conditions come as additional metal from the Middle East reaches the market and Indonesian aluminium supply expands faster than expected, easing European supply constraints sooner than Goldman had...
Press Metal Aluminium Holdings Bhd is expected to face weaker smelting margins in the second half of 2026 as aluminium supply constraints ease, input costs rise and market sentiment shifts towards a potential surplus in 2027, according to Hong Leong Investment Bank (HLIB) Research. “The narrative now is increasingly shifting to a potential surplus in 2027. Coupled with falling Japan-Port (MJP) premium and rising alumina as well as carbon anode costs, we foresee sequentially weaker smelting margins in 2H2026,” the research house said in a note on Monday. HLIB Research estimates that Press Metal’s core earnings for the third quarter of 2026 will range between MYR 600 million (USD 146.85 million) and MYR 650 million (USD 159.09 million), representing a decline of 10 per cent to 17 per cent...
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Norsk Hydro has acquired a long-term electricity arrangement with Statkraft to provide power supply for its aluminium plants in Norway well into the next decade. The agreement starts from 2029, up until 2038. Over that period, the total volume adds up to 12.3 terawatt hours, out of which 8.8 TWh will be for NO2, and 3.5 TWh for NO3, to accommodate for varying power pricing across Norway. As per the agreement signed, Statkraft will supply 0.9 TWh annually in 2029 and 2030, while from 2031 to 2038, it will deliver 1.3 TWh per year For the global aluminium value-chain 2026 outlook, book our exclusive report “Global ALuminium Industry Outlook 2026" Aluminium production depends heavily on electricity, and securing it early helps avoid cost swings later especially when energy markets have been...
Vedanta Limited appoints Pallavi Bhatia as Chief Human Resources Officer for its aluminium business to boost leadership in this key area. In her new job, Bhatia will be head of HR strategy for the aluminium unit. She will target talent growth, leadership training, staff involvement, and workforce change. She will also back the company's aims in expansion, output gains, and skills for the future. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " She brings nearly two decades of experience across manufacturing, industrial and consumer sectors. Her expertise includes talent management, industrial relations and organisational development in large operational environments. Also read: Nanshan Aluminium mentions profitability...
The London Metal Exchange (LME) aluminium prices continued to soften around the curve on the close of April 28. The cash and contract prices eased as inventories remained on a declining trend. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The LME aluminium cash bid eased 1.66 per cent day-on-day, down from USD 3,660 per tonne on April 27 to USD 3,599 per tonne on April 28, while the offer declined 1.69 per cent, shifting from USD 3,662 per tonne to USD 3,600 per tonne. The LME aluminium three-month bid price slumped from USD 3,587.5 per tonne on April 27 and settled at USD 3,535 per tonne on April 28, marking a 1.46 per cent decrease. The offer price recorded a decline of 1.42 per cent, moving from USD 3,588 per...
National Aluminium Company Limited (NALCO)declared that its Board of Directors will meet on April 30, 2026, to consider the declaration of a third interim dividend for the financial year 2025-26. The board meeting is scheduled for Thursday. The main agenda is focused on evaluating the proposed dividend payout. The final decision will be notified after the meeting. Shareholders are advised to follow official updates from the company for confirmation. NALCO has also introduced a key change in its dividend distribution process. The company will now use only electronic payment methods. Physical dividend warrants and cheques are now discontinued, following new regulatory rules. Shareholders will get payments straight via electronic bank transfers. Also read: Nanshan Aluminium mentions...
Nanshan Aluminium International Holdings Limited has released updates based on the unaudited Q1 2026 results of its controlling shareholder, Shandong Nanshan Aluminium Co Ltd. Nanshan Aluminium, which holds about 56.97 per cent of the company’s issued share capital, disclosed its quarterly performance in line with regulatory requirements. The financials are prepared under the People's Republic of China Generally Accepted Accounting Principles (PRC GAAP), which may differ from Hong Kong Financial Reporting Standards, potentially resulting in variations in future consolidated results. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The update covered overseas alumina market shifts. Q1 2026 saw alumina prices swing big...
Alcoa is weighing up whether to bring a fourth production line back into operation at its Warrick aluminium plant, a move that would come with a significant price tag of around USD 100 million. The facility, located in Newburgh, Indiana, currently operates three lines, but adding another could lift output by roughly 50,000 tonnes. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " Despite that potential gain, the state of the idle line presents a challenge. According to chief executive Bill Oplinger, its condition has deteriorated, meaning any restart would require substantial work. Speaking during a recent call with investors, he explained that the process would not only demand a sizeable financial commitment but could...
India’s leading metals manufacturer , Vedanta Limited, is expected to close FY2025–26 on a strong note, as analysts project a sharp earnings upswing in the January-March quarter (Q4). This performance has received considerable support from favourable London Metal Exchange (LME) price trends . Firm prices for aluminium, zinc and silver are expected to drive growth across the company’s primary business segments. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain Brokerage estimates are pointing towards a substantial year-on-year (Y-o-Y) expansion in profitability, with adjusted profit after tax (PAT) to rise approximately by 174 per cent. The improvement is attributed to higher commodity prices, greater volumes, and a...
On April 27, the London Metal Exchange (LME) aluminium price inched down, showing an easing trend from the previous day’s close. However, the longer dated contracts continued to rise with a significant decline in the inventories. The LME cash bid and offer inched down by USD 23 per tonne or 0.6 per cent, where the bid shifted from USD 3,683 per tonne to USD 3,660 per tonne and the offer from USD 3,685 per tonne to USD 3,662 per tonne. Don’t miss out- Buyers are looking for your products on our B2B platform At the forward contracts, the 3-month bid declined by USD 10.5 per tonne or 0.3 per cent, changing to USD 3,587.5 per tonne from USD 3,598 per tonne. At the same time, the 3-month offer also decreased by USD 12 per tonne or 0.33 per cent, from USD 3,600 per tonne to USD 3,588 per tonne....
South32's Hillside Aluminium smelter in Richards Bay is celebrating 30 years of operations, marking a major milestone in the global aluminium industry. The achievement came after the firm's ongoing commitment to boost regional industrial growth, creating jobs and enhancing export competitiveness. Being one of the largest aluminium smelters, this facility reflects that large-scale primary aluminium operations can play a vital role in strengthening supply resilience while also supporting broader economic and community development goals in South Africa. From inauguration to today Since its inception back in 1996, the smelter has focused on achieving a bigger vision, by showcasing a strong belief in South Africa’s future, local industries and the promise that large-scale investments can...
Saad bin Sherida Al-Kaabi, Minister of State for Energy Affairs and president and CEO of QatarEnergy, hosted a farewell reception for Khalid Mohammed Laram, former CEO of Qatar Aluminium (Qatalum). Don’t miss out- Buyers are looking for your products on our B2B platform Al-Kaabi said, “For over 10 years, Mr Khalid Laram was the steady hand that ensured the continued success of Qatar’s renowned world-class aluminium smelter. I would like to express my deepest gratitude for his remarkable accomplishments and valuable contributions both at Qatalum and QatarEnergy and its group companies.” Also Read: Temporary dip in the aluminium prices reverses as supply tightness outweighs Hormuz reopening optimism Laram began his career with QatarEnergy in 1985. He was involved in the early development of...
The opening quarter of 2026 presents a curious contradiction. On the surface, global aluminium production slipped-from 18.6 million tonnes in Q4 2025 to 18.3 million tonnes in Q1 2026, a 1.6 per cent decline. But step back, and the bigger picture tells a different story: output remains 1.1 per cent higher than Q1 2025 levels. So what changed so quickly-and why did almost every region move in the same direction? A cooling cycle, starting with China in Q1 2026 The slowdown did not come from one place. It showed up everywhere, almost at once. China, which still dominates global supply, nudged lower from 11.1 million tonnes in Q4 2025 to 11.0 million tonnes in Q1 2026 - a 0.9 per cent dip. On paper, that looks minor. In reality, it says a lot about where the system stands today. With a de...
A temporary dip in the aluminium prices has been noticed when the traders got the ray of hope of reopening the Strait of Hormuz, which continued to show an upward trend due to the ongoing conflict in the Gulf. However, the production data and evolving dynamics of the Chinese markets are deemed to boost both the aluminium and copper markets. Nudged because of the possible reopening of the Strait of Hormuz, the key shipping area, aluminium slipped and bounced back as concerns about supply continue to loom large. Last Thursday, the aluminium prices hit a new four-year high, reaching nearly USD 3,700 per tonne. Post that, the prices saw a slight dip, recording USD 3,450 per tonne, before it bounced back again. In the London Metal Exchange (LME) 3-month aluminium price, it expanded to USD...
London Metal Exchange (LME) aluminium prices recorded improved figures on April 24 compared to the previous close. Cash price reported gains by wide margins, near-term futures contracts recovered from the previous session’s decline, while longer-dated contracts and opening stocks continued to slide. 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 cash bid price rose from USD 3,641.5 per tonne on April 23 to USD 3,683 per tonne on April 24, increasing by 1.14 per cent. The cash offer price climbed from USD 3,642 per tonne to USD 3,685 per tonne, up 1.18 per cent day-on-day. The three-month contract followed a similar trend. The LME aluminium 3-month bid...
UC RUSAL’s 2025 numbers mirror a year with revenue growth but without any profit growth. The world’s largest aluminium producer outside China lifted revenue 22.6 per cent year-on-year to USD 14.81 billion, helped by a 16.4 per cent rise in sales volumes to 4.49 million tonnes, but the benefit was quickly swallowed by a 32.3 per cent jump in cost of sales to USD 12.254 billion, a sharp rise in finance expenses, and a tougher currency and interest-rate environment. The result was a net loss of USD 455 million, against a profit of USD 803 million in 2024. Revenue rose, but margins broke The most striking feature of RUSAL’s 2025 performance is how quickly operating leverage turned against it. Gross profit fell 9.3 per cent to USD 2.558 billion even as sales expanded, while adjusted EBITDA...
Century Aluminum Company has resumed production at the second potline of its Norðurál smelter in Grundartangi, Iceland, several months ahead of schedule. The company confirmed that the first pots in Grundartangi’s second potline have been energised and the remaining units are expected to come online by the end of July to bring the production to near full capacity. The second potline accounts for nearly two-thirds of the plant’s total output. Also Read: Century Aluminum begins expanded production at Mt Holly Smelter The restart followed an unexpected transformer failure that had disrupted operations. Repair work was carried out by technical teams in coordination with equipment designers and manufacturers. Permanent replacement transformers have been ordered and are expected to be installed...
LME aluminium prices softened on April 23 across the curve, with both cash and futures contracts posting marginal declines compared to the previous session, while exchange inventories also edged lower. On April 23, LME aluminium cash bid price stood at USD 3,641.5 per tonne, down 0.23 per cent from USD 3,650 per tonne on April 22. The cash offer price was USD 3,642 per tonne, slipping 0.27 per cent from USD 3,652 per tonne. In the 3-month contract, the bid price fell to USD 3,588 per tonne on April 23, marking a 0.46 per cent decline from USD 3,604.5 per tonne on April 22. The offer price eased to USD 3,590 per tonne, down 0.42 per cent from USD 3,605 per tonne. Further along the curve, the December 2027 contract also weakened. The bid price declined to USD 3,135 per tonne on April 23, a...
Vedanta Limited has already delivered a remarkable run for investors. From its INR 87 delisting price in 2020, the stock has surged nearly tenfold over six years. But with that rally largely behind it, a natural question emerges-is there still more value left to unlock? The market doesn’t seem to agree on the answer. Some investors have started locking in gains, reflected in the stock’s recent decline, with shares falling over 3 per cent on April 23 to INR 733.05 and extending losses to a fourth straight session. The stock is now more than 7 per cent below its 52-week high of INR 794.90, touched on 21 April 2026 following the demerger record date announcement. At the same time, another section of the market believes the story may still have room to run. For the global aluminium...
The upward trend in the London Metal Exchange (LME) aluminium price continued on April 22, irrespective of the US ceasefire on Iran. A significant rise has been seen in the cash offer as well as the longer-dated contracts. On the contrary, there has been a slight dip in the LME inventory. On April 22, the cash bid rose by USD 38 per tonne or 1.1 per cent, shifting from USD 3,612 per tonne to USD 3,650 per tonne. Similarly, the cash offer also shifted from USD 3,613 per tonne to USD 3,652 per tonne, resulting in a difference of USD 39 per tonne or 1.2 per cent. Must read: Key industry individuals share their thoughts on the trending topics The upward swing continued in the LME 3-month contract, where the bid changed from USD 3,568 per tonne to USD 3,604.5 per tonne, showing a change of USD...
