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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After remaining above USD 3,600 per tonne for two sessions, LME aluminium prices dropped below the all-time high mark on the April 15 session. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The LME aluminium cash bid as well as offer price eased 1.21 per cent day-on-day on April 15. While the bid went down from USD 3,624 per tonne to USD 3,580 per tonne, the offer shifted from USD 3,625 per tonne to USD 3,581. On April 15, the LME aluminium 3-month bid price remained stable as that on April 14 , at USD 3,565 per tonne. The offer price recorded a slight decline of 0.01 per cent, moving from USD 3,566 per tonne to 3565.50 per tonne. Don't miss out- Buyers are looking for your products on our B2B platform Unlike the...
BRP Inc. has decided to pause its full-year FY27 guidance after recent changes to US tariffs on steel, aluminium and copper imports. The shift came into effect on April 6 and changes how duties are applied. Instead of taxing just the metal content, the new setup applies a 25 per cent tariff on the full value of imported snowmobiles and most off-road vehicles. Earlier, the rate was higher, 50 per cent, but only on the metal portion. That difference matters. For BRP, it means a much bigger cost base. The company estimates the added tariff impact could go beyond USD 500 million for the rest of the year, before any adjustments or cost controls. For the global aluminium value-chain 2026 outlook, book our exclusive report “Global ALuminium Industry Outlook 2026" CEO Denis Le Vot didn’t sound...
After a record growth rate the previous day, aluminium prices on the London Metal Exchange contracted overnight on Tuesday, April 14, albeit still standing above USD 3,600 per tonne. While the LME aluminium bid price shed off USD 41 per tonne, amounting to USD 3,624 per tonne, the LME aluminium cash offer price experienced a loss of USD 40.5 per tonne, amounting to USD 3,625 per tonne. LME aluminium 3-month bid price as well as offer price also decreased, but at a slower rate. Both prices dropped by USD 5 per tonne to stand at USD 3,565 per tonne and USD 3,566 per tonne, respectively. Dec-27 bid and offer prices closed at USD 3,017 per tonne and USD 3,022 per tonne as of April 14, which signalled an increase of 1 per cent. Don't miss out- Buyers are looking for your products on our B2B...
Alcoa Corporation has initiated an early debt redemption. The company announced that its wholly owned subsidiary, Alcoa Nederland Holding B.V., has issued a notice to redeem the entire USD 219 million aggregate principal amount of its outstanding 6.125 per cent notes due in 2028. The redemption is scheduled for May 15, 2026. The notes will be redeemed at 100 per cent of the principal amount, along with accrued and unpaid interest up to, but not including, the redemption date. Alcoa confirmed that the transaction will be funded through cash on hand. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The development comes at a time when Alcoa remains firmly in focus across financial and commodity markets. The company...
The London Metal Exchange (LME) aluminium price on April 13 saw the highest price in the last four years. The surge came after the US military said it would be imposing a blockade of the Strait of Hormuz, which is deemed to be the key port for shipping out metals from the Middle East. Given that the region provided 9 per cent of the global aluminium supplies, due to the rising tension, key industry players are worried about delayed shipments. Both the cash bid and offer on April 13 rose by USD 139.5 per tonne or 4 per cent, showing a great leap from the previous day's close, where the bid shifted from USD 3,525.5 per tonne to USD 3,665 per tonne and the offer from USD 3,526 per tonne to USD 3,665.5 per tonne. Must read: Key industry individuals share their thoughts on the trending topics...
Henan Zhongfu Industrial is planning to invest about USD 2 billion to build an aluminium production plant in Egypt, according to an official statement. The plan was discussed during a meeting in Cairo between company chairman Cui Hongsong and Prime Minister Mostafa Madbouly. Officials from the Suez Canal Economic Zone (SCZone) were also present. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The plant will be built in East Port Said inside the SCZone. The project will cover more than 1 million square metres and is expected to create around 3,000 jobs. Cui said the investment forms part of the company’s broader international expansion strategy and reflects its confidence in Egypt’s industrial environment, as well as...
Trading activity on the London Metal Exchange spiked up heavily in the first quarter of 2026, with volumes hitting record levels across key metals like aluminium. The exchange reported that overall average daily volume rose by more than 25 per cent year-on-year, marking its strongest quarter on record. Compared with the prior record quarter, volumes increased by 13 per cent. Aluminium was among the standout performers, alongside copper, nickel and lead, all of which posted new quarterly highs. Growth varied across metals, with increases ranging from 14 per cent for lead to as much as 140 per cent for nickel. “Over the quarter, LME [saw] three of its top five most busy days in terms of volume,” the exchange noted, reflecting heightened trading activity during the period. For the global...
The top aluminium producer of the Middle East, Emirates Global Aluminium (EGA), has invoked force majeure clauses for the partial suspension of deliveries due to the damage sustained by its Al Taweelah smelter in the United Arab Emirates (UAE) from the Iranian drone and missile attacks . Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The attacks were launched on March 28, 2026, that hit the smelter of Aluminium Bahrain and that of EGA, causing “significant damages” and resulting in operational halt at the world’s largest facility that produced of 1.6 million tonnes as of 2025. EGA did not immediately release any other statement on the matter. Supply chain disruption has begun since the closure of the Strait of...
The Asian aluminium industry continues to expand as the approval for the first base metal storage facility in Hong Kong has been granted by the Chicago Mercantile Exchange (CME) Group, the US commodities exchange operator. This aims towards expanding the warehousing footprint in Asia. On Friday, in a statement, CME stated its approval of the application initiated by GKE Metal Logistics for storing aluminium in the Chinese special administrative region, along with the lead deliverables against its Comex aluminium (ALIc1) and lead (LEDc1) futures. Don’t miss out- Buyers are looking for your products on our B2B platform Within the statement, at the GKE site, 6,500 tonnes of aluminium and lead indoor storage capacity have been approved. Back in February 2026, the new aluminium warehouse...
The London Metal Exchange (LME) aluminium price, on April 10, saw a rise after it had an easing trend on April 9, where the forward-dated contracts also rose from the previous close. At the inventory, the opening stock declined, but a further sharp decline has been seen in the live warrants and cancelled warrants. Both the LME cash bid and offer rose by USD 31.5 per tonne or 1 per cent, where the bid moved from USD 3,494 per tonne to USD 3,525.5 per tonne. At the same time, the cash offer settled at USD 3,526 per tonne from USD 3,494.5 per tonne. Also read: Middle East aluminium attacks have a limited impact on China's prebaked anode exports At the forward contracts, the LME 3-month bid rose by USD 27.5 per tonne or 0.8 per cent, rising from USD 3,455 per tonne to USD 3,482.5 per tonne....
Over the past two weeks, the aluminium value chain has unfolded in fragments rather than a single, linear move. What starts as policy shifts and price pressure in bauxite moves through a well-supplied alumina market, before ending in a sudden supply shock in primary aluminium. Each layer is reacting to a different trigger-but together, they are reshaping the balance across the system. Bauxite: export controls, price signals and new capacity plans At the upstream end, supply discipline and expansion are moving side by side. Nigeria has stepped forward with plans to build a 1 million tonne alumina refinery, backed by USD 1.3 billion in financing, with expectations of producing 19 million tonnes over 20 years and contributing USD 1.2 billion annually to GDP. The full story is here . At the...
中文翻译附于新闻末尾，敬请继续阅读。 Canada’s economy has handled a year of US tariffs better than expected, but the impact has not been equal across sectors and regions, according to a report by Royal Bank of Canada (RBC). Industries such as steel, aluminium, copper, auto parts, softwood lumber, and some consumer goods have been the most affected. In 2025, steel product exports dropped by 30 per cent, hurting company revenues and hiring plans. Firms are cutting new hires, cutting overtime, and delaying training programs. Some are also shifting toward automation and changing how they run their operations. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " According to RBC, supply chains between Canada and the US are closely linked. But...
The London Metal Exchange (LME) aluminium prices continued to edge downwards on April 9. As cash prices and near-term contracts eased, the longer-dated contracts improved considerably. Stocks kept sliding down, indicating a continued high demand and supply pressure. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain On April 9, LME aluminium cash bid price stood at USD 3494 per tonne, reflecting a 0.71 per cent decline from USD 3519 per tonne on April 8 . The cash offer price settled at USD 3494.5 per tonne, down 0.72 per cent from USD 3520 per tonne on the previous close. The LME aluminium 3-month bid as well as offer prices marked a decline of 0.23 per cent. The bid dropped from USD 3,463 per tonne on April 8 to USD...
A significant reduction in the shareholder payout has brought Xingfa Aluminium’s current position into sharper focus. The company lowered its annual dividend from HKD 0.64 to HKD 0.50 ( USD 0.082 to USD 0.064) after reporting a 23.5 per cent decline in 2025 profit, which fell to RMB 632 million ( USD 88 million). This reduction reflects a deeper operational strain driven by rising input costs, even as aluminium markets worldwide tighten. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain Globally, the metal is entering a period defined less by cycles and more by constrained supply. Physical availability has thinned considerably, with London Metal Exchange (LME) inventories dropping to 418,675 tonnes as of March 27,...
中文翻译附于新闻末尾，敬请继续阅读。 Rio Tinto and Century Aluminium have raised aluminium billet premiums in the United States by around 12 per cent amid supply disruptions linked to the Iran war, news sources reported on April 8, 2026. The two producers increased premiums by about 3 cents per pound, bout USD 110 per tonne, compared to pre-war levels. Rio Tinto is also pushing customers to sign multiyear contracts at the revised rates. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The increase reflects disruptions in aluminium flows from the Persian Gulf, which accounts for nearly 20 per cent of US imports. With supply routes under strain, US buyers are turning more to domestic producers, where supply remains tight and prices are...
Russia-based RUSAL, a leading global aluminium producer, is planning to divert a part of its aluminium shipments originally intended for China to Japan and other Asian customer bases, as reported by Reuters. The update is revealed by the sources amid the ongoing geopolitical tensions that are actively redrawing the trade supply chain map and contributing to the skyrocketing premiums. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain Aluminium premiums surge and outlook revision by eminent organisations like Goldman Sachs indicate a massive supply crunch and shifting trade flows due to the Middle East conflict, which led to the closure of a key global trade corridor, i.e., the Strait of Hormuz. The criticalities were...
Rail India Technical and Economic Service (RITES) Limited, under the Ministry of Railways of India, has received a remarkable increase in contract value for its ongoing railway siding consultancy project in collaboration with National Aluminium Company Limited (NALCO), solidifying its standing in the mining infrastructure development of India. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The revised order has raised the total project value to INR 1.19 billion (USD 12.84 billion), indicating s scope for expansion while reinforcing the long-standing partnership between the two public sector enterprises. Initially, the project that had been awarded INR 797.3 million (USD 8.59 million) on March 31, 2021, has now...
After the soaring records on April 7 , the London Metal Exchange (LME) aluminium prices cooled at the close of the April 8 session, as a reaction to the mutually agreed two-week ceasefire announced by the US President Donald Trump on April 8. With the limited trade flow allowed at the tentative reopening of the Strait of Hormuz, the market panic recorded in the last few weeks has begun to ease, as evident from the figures at the close of the session on April 8. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The LME aluminium cash bid price declined slightly by 2.24 per cent from the previous close, slipping to USD 3,519 per tonne from USD 3,599.5 per tonne. The offer price closed at USD 3,520 per tonne, down 2.22...
