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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Hindalco Industries Limited has reportedly promoted Kailash Pandey to the position of Head - Mining, Sambalpur Cluster and Sales of primary aluminium. It is a significant milestone in his entire three-decade-long career with Hindalco. In this new role, Kailash Pandey would be responsible for managing the entire mining operations at the organisation, overseeing the Sambalpur Cluster, along with leading the sales of primary aluminium for enhancing the growth factor of the company. To learn about the global aluminium outlook, download our report: Global Aluminium Industry Outlook 2026 Previously, as the Business Head of Hindalco Industries Limited, Pandey was responsible for managing a diverse set of coal and bauxite mining assets spread across different states in India. He also managed a...
Senior figures from across Oklahoma’s public and private sectors have returned from the Middle East after examining, at first hand, the scale of aluminium production in Emirate Global Aluminium that could soon be replicated in their own state. To learn about the global aluminium outlook, download our report: Global Aluminium Industry Outlook 2026 The facility, described as comparable in size and sophistication to the multi-billion-dollar plant proposed for Inola, Oklahoma, offered a practical demonstration of what such an investment can deliver. John Budd, Chief Executive of the Oklahoma Department of Commerce, said the experience brought home the sheer magnitude of the undertaking. He noted that the true scale of EGA’s site only becomes apparent when seen in person, adding that its...
Jamieson Greer, US Trade Representative, stated on Tuesday that the Trump administration is willing to adjust the broad tariffs imposed on imported aluminium and steels amongst rising pressure from businesses. However, he expressed that the underlying tariffs have been “very successful” for the US domestic industry and thus will remain unchanged. In his words,“ Clearly, those are going the right direction. They’re going to stay in place.” For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The stock prices of the US aluminium companies fell. Alcoa Corp, one of the leading producers of bauxite, alumina and aluminium, was down 7.9 per cent, followed by Kaiser Aluminium at 4.5 per cent and Century Aluminium Co. dropping to...
LME aluminium prices declined on February 17 compared to the previous session, while warehouse stocks also registered a drop, accompanied by a rise in cancelled warrants. On February 17, the LME aluminium cash bid price stood at USD 3013.5 per tonne and the cash offer price at USD 3014 per tonne, down from USD 3037 per tonne and USD 3037.5 per tonne on February 16. This marks a decline of 0.77 per cent in the cash bid and 0.77 per cent in the cash offer day-on-day. The three-month aluminium contract also softened. On February 17, the three-month bid price was USD 3046 per tonne and the offer price USD 3047 per tonne, compared with USD 3072 per tonne and USD 3074 per tonne, respectively, on February 16. The three-month bid fell by 0.85 per cent, while the offer declined by 0.88 per cent....
In 2025, India-US aluminium trade did not simply slow - it changed direction. What began as a policy intervention quickly evolved into a broader supply-chain shift. In March, Washington imposed a 25 per cent tariff on aluminium products under Section 232, citing the need to protect domestic industry. Before businesses had time to adjust, another decision followed on June 4, 2025, the White House raised tariffs on aluminium and steel imports - including derivative products to 50 per cent. The message to exporters was clear: the cost of accessing the US market had just climbed sharply. Tariffs are not new, but the scale of the increase this time is striking. In 2018, India faced a 10 per cent duty, but negotiations resulted in temporary quota arrangements. Aluminium exports were capped at...
London Metal Exchange (LME) aluminium prices weakened across most contracts on February 16, reflecting a broad pullback from the previous session, while exchange inventories continued to edge lower. The LME aluminium cash bid price settled at USD 3,037 per tonne on February 16 from USD 2,995 per tonne on February 13, marking a 1.4 per cent increase. The cash offer price followed a similar trend, reaching USD 3037.5 per tonne from USD 2,996 per tonne, also up by 1.39 per cent day-on-day. In the futures market, the LME aluminium 3-month bid price edged upwards to USD 3,072 per tonne, compared with USD 3,027 per tonne the previous day, recording a 1.49 per cent increase. The 3-month offer price climbed to USD 3,074 per tonne from USD 3,028 per tonne, a hike of 1.52 per cent. To know more...
Taiwan and Hong Kong are set to be added as the new aluminium warehouse locations on the Chicago Mercantile Exchange (CME) , according to three sources. This marks a move by CME to step up its challenge to the London Metal Exchange (LME) in Asia, particularly in locations that account for two-thirds of global aluminium production. CME’s warehouse expansion plans beyond its current footprint in Malaysia, Singapore and South Korea also signify increasing aluminium trade flows from the Asian market. Warehouse operators C. Steinweg and Pacorini Global Services, which already operate LME warehouses in Kaohsiung holding just under 10 per cent of total LME aluminium warehouses of 483,500 tonnes, have already applied to list facilities in Kaohsiung, Taiwan, to handle metal deliverable against...
LME aluminium prices recorded a sharp decline on February 13 compared to February 12 across cash and futures contracts. The LME aluminium cash bid price fell to USD 2,995 per tonne on February 13 from USD 3,116.5 per tonne on February 12, marking a decline of 3.90 per cent. The cash offer price dropped to USD 2,996 per tonne from USD 3,117 per tonne, down 3.88 per cent. The aluminium price deficit is mainly due to stock market declines, profit-taking, position squaring, strong US labour data, and reduced China demand before Lunar New Year. In the three-month contract, the LME aluminium 3-month bid price decreased to USD 3,027 per tonne on February 13 from USD 3,145.5 per tonne on February 12, a fall of 3.77 per cent. The 3-month offer price slipped to USD 3,028 per tonne from USD 3,146...
Europe’s push for strategic raw material security is gaining momentum as Trimet Aluminium SE sharpens its circular economy model to reinforce regional aluminium supply chains. Amid rising geopolitical uncertainty and energy transition demands, the company is positioning recycled aluminium as a cornerstone of supply resilience, as part of its ongoing strategy to continue advancing the expansion of the circular economy in the aluminium industry. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The company confirmed that Trimet plans to expand its production of aluminium alloys for wired applications with recycled content. This initiative aligns with its broader strategy to deepen circularity in the aluminium sector,...
The momentum in the global aluminium value chain is showing a complicated blend of growth, changing trade patterns and price fluctuations. As upstream mining, alumina production and downstream investments continue to develop together, the global aluminium industry is seeing everything from new capacity and cross-border resource transfers to spikes in premiums and shifting LME signals. These recent changes suggest that the industry is adjusting to focus on cost competitiveness, supply security and demand resilience as we look ahead to 2026. All about growth with rising revenue & consumption Metro Mining, by enhancing the Bauxite Hills operation in Cape York, is taking advantage of a 7 million-tonne expansion to meet the growing global demand for bauxite and the diverse needs of its...
中文翻译附于新闻末尾，敬请继续阅读。 Though a plethora of speed breakers hit the aluminium industry in recent times, global primary aluminium operating capacity is set to rise sharply. SMM, through one of its recently held webinars, projects an increase of about 20.9 million tonnes by the end of 2026, taking total operating capacity to roughly 77.16 million tonnes, with Indonesia among the largest incremental contributors. Global primary aluminium production in 2025 grew marginally to approximately 73.78 million tonnes, up from 73.01 million tonnes in 2024, representing a 5-year low in growth rate. China, holding a 45 million tonne capacity cap, operated at nearly 97 per cent capacity (approx. 43.9 million tonnes) in 2025, limiting global growth, with the market facing continued supply deficits. The...
In its latest update on February 12, the trading house Marubeni Corporation reported the decline of aluminium stocks at three major ports of Japan, viz., Yokohama, Nagoya and Osaka. Stocks at the close of January settled at 312,200 tonnes, indicating a 1.5 per cent drop from the previous month (December 2025), which stood around 333904 tonnes. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain In comparison with the previous year , aluminium stocks at the end of January 2025 closed at 324,700 tonnes, with Yokohama stocks at 135,400 tonnes, Nagoya at 170,200 tonnes and Osaka at 19,100 tonnes. Comparing the results in January 2025 with those in January 2026, the month-on-month analysis shows a decline of 3.85 per cent....
After a slight dip, the London Metal Exchange (LME) aluminium price soared from the previous day’s close. There has been a notable shift in the LME inventory as well. The LME alumina platts price dropped further from the last close. The LME cash bid rose from USD 3,096 per tonne to USD 3,116.5 per tonne, showing an increase of USD 20.5 per tonne or 0.7 per cent. As the bid rose, the LME cash offer finally settled at USD 3,117 per tonne, up from USD 3,098 per tonne, representing an increase of USD 19 per tonne or 0.6 per cent. Don’t miss out- Buyers are looking for your products on our B2B platform With a similar trend, the LME 3-month contracts also expanded with the bid moving up by USD 19.5 per tonne or 0.62 per cent, shifting from USD 3,126 per tonne to USD 3,145.5 per tonne. With an...
Rio Tinto has confirmed that Isabelle Deschamps, its Chief Legal, Governance and Corporate Affairs Officer, will step down during 2026 after five years in the role. To know more about the global recycled aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 ". Deschamps, who joined the Anglo-Australian miner in 2021, will remain in post until at least mid-2026 to ensure continuity while the company undertakes a formal succession process. Also Read: EGA brings forth the significance of its proposed Inola aluminium project amidst local opposition Her tenure has spanned a period of strategic repositioning for the group, during which she led legal, governance, and corporate affairs functions. Chief Executive Simon Trott said Deschamps had helped strengthen...
From the previous close, the London Metal Exchange (LME) aluminium prices recovered with a steady increase. The LME inventory side, however, followed the declining trend of the previous sessions, suggesting a global supply shortage of metal outflow. On February 11, the LME cash bid increased by 1.09 per cent from USD 3,062.5 per tonne to USD 3,096 per tonne. Following the increasing graph, the cash offer price went up from USD 3,063 per tonne to USD 3,098 per tonne, marking a 1.14 per cent rise. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 ” The 3-month bid and offer showed a similar hike, the bid rising with a 1.13 per cent increase from USD 3,091 per tonne on February 10 to USD 3,126 per tonne on February...
Century Aluminum, on February 2, 2026, finalised the sale of its idle smelter site in Hawesville, Kentucky, to TeraWulf Inc., for transforming it into a digital infrastructure campus. This could be a strategic move by Century Aluminum to boost aluminium demand in the domestic market as data centres require the metal in cooling systems, heat exchangers, and infrastructure. At the same time, this redevelopment is expected to re-create jobs for skilled labourers, while also supporting high-performance computing and artificial intelligence workloads. This move overall aligns with Century’s strategic stance to redevelop the local economy. Altering the future of the Hawesville, Kentucky site Century Aluminum, a producer and supplier of primary aluminium , earlier this month announced that it is...
Concerns about a proposed aluminium manufacturing facility at the Port of Inola were aired publicly on Monday evening, despite the project not formally appearing on the city council’s agenda. Councillors opened the floor for public comment at the outset of the meeting, giving residents an opportunity to raise objections and seek clarity. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " A number of local residents used the session to express unease about the potential impact of the development, particularly around environmental safety, water quality and the effect on everyday life in nearby neighbourhoods. Among those who spoke was Brian Hill, an Inola resident of 15 years, who said his property lies just metres from...
The LME aluminium price recorded a broad decline on February 10 compared with the previous trading session, with cash, 3-month, and forward contracts all edging lower alongside a drop in warehouse inventories.On February 10, the LME aluminium cash bid price stood at USD 3062.5 per tonne, down 0.66 per cent from USD 3083 per tonne on February 9. The cash offer price was USD 3063 per tonne, also falling 0.66 per cent from USD 3083.5 per tonne. The LME aluminium price for the 3-month contract followed a similar trend. The bid price came in at USD 3091 per tonne, marking a 0.53 per cent decrease from USD 3107.5 per tonne, while the offer price slipped 0.48 per cent to USD 3093 per tonne from USD 3108 per tonne a day earlier. To know more about the global primary aluminium industry 2026...
