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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Copper and aluminium have long competed across a wide range of industrial applications. In many sector, these two metals can be used alternatively because of their few common traits like durability, conductivity, ductility, and corrosion-resistance. But at this moment, there is one factor that is tipping the balance in favour of aluminium – price it is. And the gap is not some hundreds of dollars but thousands. Taking the instance of the current market, aluminium is trading nearly USD 8,700 per tonne below copper. This price advantage is the reason for sectors like electric vehicles, renewable energy, and AI data centres to switch from copper to aluminium wherever technical standards allow. Price gap is increasing aluminium’s appeal This shift is taking placing even though aluminium...
On March 6, 2026, the globally renowned producer of integrated aluminium, Press Metal Aluminium Holdings Bhd was identified as one of the top picks in Malaysia’s basic materials sector by RHB Investment Bank Bhd. The research house continues to maintain an “overweight” rating on the sector following strong performances by aluminium and cement producers. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain Based on the research information, prospects for the aluminium and cement industries remain encouraging, supported by tightening global aluminium supply, easing coal prices and improved operational efficiency among cement manufacturers. On Friday, RBH stated, “Margins should remain stable as raw material prices...
The aluminium industry has been driving the Australian economy since 1955. The industry includes six bauxite mines that together produce more than 100 million tonnes annually, making Australia one of the world’s largest producers of bauxite. The country is also the largest exporter of alumina, with five refineries producing about 17 million tonnes each year. In addition, Australia is the seventh-largest producer of aluminium, with four aluminium smelters and several downstream processing industries, including more than twenty extrusion presses. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " Aluminium is the most valuable export within Australia’s manufacturing sector. The industry provides direct employment to more...
中文翻译附于新闻末尾，敬请继续阅读。 Since the onset of US-Israel and Iran conflict, the aluminium prices on the London Metal Exchange have surged without a hint of slowing down. At present, the price stands at USD 3,385 per tonne (as of March 6), gaining 4.9 per cent since February 28 (USD 3,226 per tonne), and this upward trajectory is likely to continue. Considering the potential escalation of supply chain disruptions from the Middle East due to the block of the Strait of Hormuz, ING Group, a Dutch multinational banking and financial services corporation headquartered in Amsterdam, has already projected the aluminium price to grow above USD 4,000 per tonne. At the start of 2026, primary aluminium prices on LME were already in a bullish trend, standing at USD 3,015.50 per tonne as in early January due to...
Nigeria is considering enhancing industrial collaborations with the European Union to advance the development of its aluminium, mineral and steel industries through investment, technology transfer and infrastructure reinforcement. Nigeria’s Minister of Steel Development, Prince Shuaibu Abubakar Audu, urged for stronger EU partnerships to help in transforming the country’s raw material resource base into a value-added industrial centre. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain Minister Audu raised this proposition while speaking at the Nigeria–German Economic Forum in Dortmund, Germany, on March 3, 2026. He highlighted that the initiative aligns with Bola Ahmed Tinubu’s Renewed Hope Agenda , which aims to...
Over eight trading sessions, the shares of National Aluminium Company Limited (NALCO) rallied nearly 18 per cent, backed by rising global aluminium prices triggered by supply disruptions in West Asia. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The stock climbed to a high of INR 399.95 (USD 4.35) on Friday, compared with INR 338.95 (USD 3.69) on February 23. The price movement followed developments in the region, including a force majeure declaration by Aluminium Bahrain BSC (Alba) in the midst of shipping disruptions through the Strait of Hormuz and a controlled shutdown announced by Qatar Aluminium Manufacturing Company due to gas supply suspension. NALCO, one of the lowest-cost producers of bauxite and...
Alcoa and the Washington State Department of Ecology are currently expecting public feedback on the cleanup of the Intalco aluminium smelter located in Ferndale, Washington. Alcoa has started demolishing the large smelter facility, marking the end of any possibility of restarting aluminium production at the site and restoring the union jobs that were lost when the plant closed in 2020. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The demolition of the Intalco smelter is a closure for the end of an important industrial period in the Pacific Northwest. It was the last operating aluminium smelter among the ten factories that once functioned across the region. The demolition began in the previous year, and Alcoa now...
A Supervisory Board meeting of the primary aluminium, secondary aluminium and cast and rolled products manufacturer and supplier, AMAG Austria Metall AG, held on March 5, 2026, brought about the announcement of a leadership transition. AMAG confirmed that the current Chief Executive Officer (CEO), Helmut Kaufmann, having fulfilled the role for nearly 19 years, will step down from the Management Board on April 30, 2026. The decision was made to ensure a structured CEO succession and long-term management continuity. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain Effective from May 1, 2026, the current Chief Sales Officer Victor Breguncci will take over the role, whose appointment as the CEO is scheduled to run till...
Shares of Hindalco Industries rose sharply by about 7 per cent on Thursday, March 5, 2026. The rise occurred as global aluminium prices went up due to supply disruptions in the Middle East. Because of this increase, Hindalco became one of the best-performing stocks in the Nifty 50 and the Nifty Metal Index. During the same trading session, the Nifty Metal Index also recorded a gain of more than 3 per cent. The increase in aluminium prices and the rise in the metal stocks were mainly linked to growing geopolitical tensions in the Middle East, particularly tensions related to the US-Iran Conflict. The Qatari smelter Qatalum announced a temporary shutdown, while its shareholder Norsk Hydro declared a force majeure to its customers, indicating that production had been halted. This situation...
The escalating Iran-Israel conflict and growing uncertainty around the Strait of Hormuz are casting a shadow over the global supply chain. Aluminium markets were jolted after Aluminium Bahrain (Alba) declared force majeure on certain supply contracts, citing shipping disruptions through the Strait of Hormuz , with geopolitical tensions in the Middle East on the brink, sending shockwaves across global trade flows – aluminium as well as other sectors like fuel and liquified natural gas (LNG). Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain As one of the world’s most critical maritime corridors, Hormuz, connecting the Persian Gulf and the Gulf of Oman, links the GCC producers with the world. It handles over 5 million...
March 5 saw an easing of the London Metal Exchange (LME) aluminium prices after hitting a 4-year high level at the previous close. Aluminium prices maintained a 3-day streak on the rising graph, which raised concerns in the industry. The ongoing geopolitical tensions in Iran led to the shutdown of the Strait of Hormuz, a primary shipping waterway for global trade, disrupting trade across the world. LME cash bid eased to USD 3,298 per tonne on March 5 from USD 3,377.5 per tonne on March 4 , recording a difference of 2.35 per cent. The cash offer settled at USD 3,298.5 per tonne, slipping from USD 3,378 per tonne, also down 2.35 per cent day-on-day. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 ". The LME...
The US primary aluminium market is navigating a challenging phase as domestic production declines and imports tighten under higher tariffs. With smelter output under pressure and external supply becoming less predictable, concerns around supply stability have intensified. Uncertainty surrounding the Strait of Hormuz, through which a large share of Middle Eastern aluminium exports pass, adds another dimension to an already strained supply environment. Production data from 2025 provides a clear snapshot of how US primary aluminium output has moved over the year. During the first nine months of 2025, domestic production reached 497,000 tonnes, compared with 506,000 tonnes during the same period in 2024, reflecting a 1.8 per cent year-on-year decline. Quarterly figures further illustrate the...
On March 4, the London Metal Exchange (LME) aluminium price reflected a 4-year high level, since the COVID in early 2022. On this day, the LME cash bid rose by USD 110.5 per tonne or 3.4 per cent, shifting from USD 3,267 per tonne to USD 3,377.5 per tonne. The cash offer marked a difference of USD 109 per tonne or 3.3 per cent, settling from USD 3,269 per tonne to USD 3,378 per tonne. The rising aluminium price is owed to the ongoing tension between the US, Israel and Iran, due to which the Strait of Hormuz, the water route for shipping commodities, has been temporarily closed, resulting in worldwide supply disruption. Don’t miss out- Buyers are looking for your products on our B2B platform The regional tension also led to the closure of QatarEnergy’s major LNG plant, which resulted in an...
Operating independently under the Ministry of Mines, the Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC) is initiating multiple initiatives for cutting down India’s reliance on imports for essential metallurgical technologies and quality infrastructure. These initiatives have been confirmed by the JNARDDC Director, Anupam Agnihotri. The key focus for the institution has always been on the technology transfer. Agnihotri mentioned that this is because of the shared local expertise in areas like optimising smelter processes, utilising and recycling waste, recovering valuable products from industrial byproducts, developing specialised alloys and advancing metallurgical processes in the critical minerals sector. In an online conversation with businessline, he added,...
Shares of National Aluminium Company (NALCO), Hindalco Industries, and Vedanta Limited may attract attention on Wednesday, March 3, following the announcement that Qatalum has stopped aluminium production. The suspension of production has created concerns about possible shortages in the global aluminium market. A fall in aluminium supply can create shortages in the market and push prices upward. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The Gulf Cooperation Council (GCC) region is an important aluminium-producing area. In 2025, GCC countries collectively produced around 6.5 million tonnes of aluminium, accounting for nearly 8 per cent of total global primary aluminium production. As a result, any disruption in...
Alcoa Corporation, alumina and aluminium producer has confirmed that Emily Olson will be the Executive Vice President and Chief External Affairs Officer of the company from April 6, 2026. In her new role, Olson will oversee the organisation’s external affairs and communications activities worldwide, including government affairs, corporate communications, stakeholder relations and stewardship of the Alcoa Foundation. Working alongside fellow executives, she will help ensure that engagement with policymakers, communities and partners supports the company’s broader commercial and long-term objectives. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain President and Chief Executive Officer William F. Oplinger said this...
LME aluminium prices recorded gains on March 3 compared with March 2, while exchange inventories edged lower and cancelled warrants increased significantly. On March 3, the LME aluminium cash bid price stood at USD 3,267 per tonne, up from USD 3,225.5 per tonne on March 2 - an increase of USD 41.5 per tonne or 1.29 per cent. The cash offer price rose to USD 3,269 per tonne from USD 3,226 per tonne, marking a gain of USD 43 per tonne or 1.33 per cent. The LME aluminium three-month contract also strengthened. The three-month bid price reached USD 3,260 per tonne on March 3, compared with USD 3,232 per tonne a day earlier, reflecting an increase of USD 28 per tonne or 0.87 per cent. Meanwhile, the three-month offer price climbed to USD 3,260.5 per tonne from USD 3,233 per tonne, up USD 27.5...
The escalating tensions surrounding the US-Israel conflict with Iran percolating down to the entire Middle East have triggered economic shockwaves across the globe. Aluminium and oil sectors are particularly vulnerable, and for obvious reasons. The Middle East is a pivotal region in aluminium production and oil extraction and also controls the world trade of these two commodities through the Strait of Hormuz, one of the most critical maritime shipping routes connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea. Annually, the Strait of Hormuz handles an export volume of 5.14 million tonnes of primary aluminium, accounting for around 75 per cent of the region’s total production. Additionally, it serves as the passage for 20 to 21 million barrels of crude oil and petroleum...
