In the first half (H1) of 2026, the US imported a total of 1.68 million metric tons of unwrought aluminum (HSN code: 7601), of which 16.96% was sourced from the United Arab Emirates (UAE). How has H1 2026 fared for the momentum of unwrought aluminum exports from the UAE to the US? Year-on-year cooling in trade can be noticed, largely owing to the temporary shutdown of the Emirates Global Aluminium’s (EGA’s) Al Taweelah smelter for repair and maintenance. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” H1 aluminum trade snapshot: 2026 vs 2025 vs 2024 Comparing the H1 2026 figures of unwrought aluminum exported by the UAE to the US, a mixed result...
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...
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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...
After months of news about South32's Mozal smelter coming to a halt, the mineral resources and energy minister Estevao Pale, on Monday, said that the Mozambique government is undertaking every measure possible to keep the smelter up and running in the coming times. This was informed by the minister on the sidelines of a conference, which was held in Cape Town, South Africa. Six years of negotiation, yielding nothing Tracing back to July 2025 , South32 reflected a strong FY25 performance by exceeding the aluminium targets, mainly due to two of its smelters, one being the Brazil Aluminium, which surpassed the target by 6 per cent and then there is the Mozal smelter, which also exceeded by 1 per cent, with the sales output rising by 13 per cent. Now, the question arises: with such...
The Aluminium Federation (ALFED) has rolled out a refreshed version of its Aluminium Light Training Course. The update sharpens its focus on helping newcomers confidently navigate the UK aluminium industry at a time when skills awareness is becoming as critical as technical expertise. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 " Announcing the launch, ALFED confirmed that the half-day, in-person, entry-level programme is designed to provide a practical and accessible introduction to aluminium as a strategic industrial metal, particularly for new starters, non-technical staff and professionals transitioning into the sector. Read More: Aluminium price rallies sharply as LME cash offer spikes to $3,083.5 per...
On February 9, 2026, the London Metal Exchange (LME) aluminium prices surged, reflecting a significant increase with declining inventory. The alumina platts tend to remain the same from the previous day’s close. Both the LME cash bid and offer rose by USD 38.5 per tonne or 1.3 per cent, where the bid shifted from USD 3,044.5 per tonne to USD 3,083 per tonne and the offer from USD 3,045 per tonne to USD 3,083.5 per tonne. Don’t miss out- Buyers are looking for your products on our B2B platform At the same time, at the 3-month forward contracts, both bid and offer inched up by USD 44.5 per tonne or 15 per cent, where the bid reached USD 3,107.5 per tonne from USD 3,063 per tonne. The LME offer shifted to USD 3,108 per tonne from USD 3,063.5 per tonne. A similar trend was seen at the...
Big leadership call. Bigger implications for the metals value chain as South32 makes alterations to its leadership team by welcoming Matthew Daley as part of it. He has been selected to take on the role of the new Deputy Chief Executive Officer at South32. Matthew Daley has extensive operational and leadership experience within the mining and metals sector, as he has been working in various countries and with different commodities. Also read: Laos to gear up for aluminium smelting project with 1MT production capacity He has joined South32 after he concluded his time at Anglo American plc, a major British multinational mining company, where he served as the Technical and Operations Director and was part of the executive leadership team as well. In the months to come, the newly appointed...
In a recent interview in New Delhi, Union Commerce and Industry Minister Piyush Goyal discussed the back-pedal on the pending rebate on aluminium, steel, and copper. Earlier, a rebate was expected on the Indian exports of raw metals, but on the basis of the US national security duties defined in their Section 232 tariffs under the Trade Expansion Act of 1962, the tariffs remain at 50 per cent. “No, there’s no confusion. Everybody knows. And that’s a Section 232 tariff. It’s not a reciprocal tariff. Thats national security clause under which they have conducted an investigation, and these products are at 50 per cent globally. Nothing to do with India. So we are on the same footing as any other country in the world,” stated Goyal. For the global aluminium value-chain 2026 outlook, book our...
Aluminium prices on the London Metal Exchange rose sharply on February 6, with both cash and forward contracts reporting gains in contrast to the inventories, which followed a decline. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 " The LME aluminium cash bid price climbed to USD 3,044.5 per tonne on February 6 from USD 3,013.5 per tonne on February 5 , increasing by 1.03 per cent. The cash offer price also rose by 1.03 per cent, to USD 3,045 per tonne from USD 3,014 per tonne. In the forward market, the LME aluminium 3-month bid price increased to USD 3,063 on February 6 from USD 3,036 per tonne on February 5, a gain of 0.89 per cent. The 3-month offer price rose to USD 3,063.5 from USD 3,037 per tonne,...
Vedanta Aluminium has scaled up billet production at its Jharsuguda facility in Odisha, lifting total capacity to 830 KTPA and pushing the operation into the league of the world’s largest billet manufacturing sites. The expansion reflects the company’s continued shift toward value-added aluminium products while reinforcing supply for both domestic and global customers.Located at what is recognised as the world’s largest aluminium plant, the Jharsuguda operation has gained additional muscle with the commissioning of 250 KTPA of fresh billet capacity, built on an existing base of 580 KTPA. The increase is expected to improve product availability for industries that depend heavily on extruded aluminium and to further anchor the company’s presence in India’s growing downstream ecosystem....
The Sekong Province in Laos is to witness the development of a large-scale aluminium smelting project. The Ministry of Industry and Commerce has notified that once operational, expected in 2028, it is set to deliver up to 1 million tonnes of aluminium production on an annual basis. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain The project is being led by the Vietnam-Phuong Group (VPG). Spanning about 9,000 hectares, the USD 1 billion Bauxite-Alumina Mining Industrial Complex is located in the Dak Cheung district. Since the beginning of its construction in late 2022, it has been the largest mining investment made by Vietnam in Laos. The Lao government approved the project in September 2025, regarding it as a...
Remaining in the spotlight among value-oriented metals stocks, the American Alcoa Corporation has been outperforming in the market. It has remained in focus, reinforced by high aluminium prices on the London Metal Exchange (LME). However, a more cautious approach may prove worthwhile and take the firm a long way. Explore- Most accurate data to drive business decisions with Global ALuminium Industry Outlook 2026 across the value chain On January 27, Morgan Stanley downgraded Alcoa from Overweight to Equal Weight. Meanwhile, its price target was raised from USD 52 to USD 64. Though Alcoa continues to benefit from aluminium pricing hikes, it was noted that its recent outperformance relative to peers resulted in a more balanced risk-reward profile. Earlier, on January 23, Bank of America...
Shares of Kanishk Aluminium India made a subdued debut on the BSE SME platform, ending their first trading session well below the IPO price. The stock was last seen trading at INR 55.48 (USD 0.61), reflecting a 24 per cent decline from the issue price of INR 73 (USD 0.81) per share. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 " The company’s equity began trading at INR 58.40 (USD 0.65), which itself represented a 20 per cent discount to the offer price. Shortly after listing, the scrip slipped further and was locked at the 5 per cent lower circuit limit relative to the listing price. During the session, the stock moved within a narrow range, touching a high of INR 58.40 ( USD 0.65) and a low of INR 55.48...
The LME aluminium cash bid price fell to USD 3013.5 per tonne on February 5 from USD 3047 per tonne on February 4, marking a 1.10 per cent decline. The cash offer price also slipped 1.10 per cent to USD 3014 per tonne, down from USD 3047.5 per tonne. In the futures segment, the 3-month bid price dropped to USD 3036 per tonne from USD 3075 per tonne, a 1.27 per cent decrease, while the 3-month offer price declined 1.27 per cent to USD 3037 per tonne from USD 3076 per tonne. For the December 27 contract, the bid price stood at USD 3003 per tonne on February 5 versus USD 3025 per tonne a day earlier, reflecting a 0.73 per cent fall. In contrast, the offer price declined by 0.7per cent to USD 3008 per tonne from USD 3030 per tonne. To know more about the global primary aluminium industry 2026...
In a span of just one week, India has signed two major international trade agreements – one with the European Union and another with the United States. Together, these much-awaited deals are projected to add nearly USD 150 billion to India’s exports over the next one decade and ease several longstanding trade frictions. While all this is great, aluminium being conspicuously absent from both the agreements send through some disappointment at a first glance. But later on, a closer analysis suggests that India’s aluminium industry may not be materially disadvantaged and could even benefit indirectly through downstream demand. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 " Aluminium kept outside – what it...
Plans to develop a fully integrated aluminium industry in Ghana could elevate the Volta Aluminium Company Limited (VALCO) into one of Africa’s largest aluminium producers, according to the company’s Chief Executive Officer, Dr Robert Malika Sambian. To know more about the global primary aluminium industry 2026 outlook, book the report “ Global ALuminium Industry Outlook 2026 " In comments made during an interview on Citi Eyewitness News on Wednesday, 4 February, Dr Sambian said the government’s long-term industrial strategy envisages a significant expansion of VALCO’s operations. The objective, he noted, is to transform the facility into the continent’s largest single-site aluminium smelter, with production capacity projected to exceed 1.5 million tonnes by 2035. Read More: 1,447 acres...
The order book of Bharat Heavy Electricals Limited (BHEL), the state-owned engineering giant, received a boost by landing a significant contract for power equipment at an aluminium manufacturing facility in Odisha. For this order book, the company received a boiler turbine generator package, which is valued at nearly INR 12 billion and is being given by Hindalco Industries, which further pushes the industrial development within the state. The order is directly linked to Hindalco’s Aditya Aluminium project located in Lapanga, in the Sambalpur district. According to the available information, BHEL received a letter of intent for carrying out a package for a 2 x 150 MW captive power plant, which solidifies its position in major industrial power infrastructure projects. Under the Ministry of...
Aluminium prices on London Metal Exchange (LME) dropped across most contracts on February 4, reflecting a drastic decline and broad pullback from the previous session, while exchange inventories continued with an unchanged record. The LME aluminium cash bid price continued to slip, reaching USD 3,047 per tonne on February 4 from USD 3,102 per tonne on February 3, a decline of 1.77 per cent. The cash offer price followed a similar trend, easing to USD 3047.5 per tonne from USD 3,103 per tonne, also down 1.79 per cent day-on-day. The futures market saw the LME aluminium 3-month bid price edging downwards to USD 3,075 per tonne, compared with USD 3,112.5 per tonne the previous day, recording a 1.2 per cent decrease. It was followed by the 3-month offer price, which slipped to USD 3,076 per...
Aluminium prices on the London Metal Exchange (LME) recorded a notable increase on February 3 compared with the previous trading session, while exchange inventories moved lower. On February 3, the LME aluminium cash bid stood at USD 3,102 per tonne and the cash offer at USD 3,103 per tonne, rising from USD 3,041 per tonne bid and USD 3,042 per tonne offer on February 2. This marks a 2.01 per cent day-on-day increase in the cash bid and a 2.01 per cent rise in the cash offer. In the forward market, the LME aluminium 3-month bid climbed to USD 3,112.5 per tonne and the 3-month offer reached USD 3,113 per tonne on February 3, up from USD 3,065 per tonne bid and USD 3,066 per tonne offer on February 2. The bid increased by 1.55 per cent, while the offer advanced by 1.53 per cent. To know more...
London Metal Exchange aluminium prices weakened across most contracts on February 2, a trend following the previous session. Meanwhile, exchange inventories made a soft recovery. The LME aluminium cash bid price continued to slip, reaching USD 3,041 per tonne on February 2 from USD 3,109 per tonne on January 30, marking a 2.19 per cent drop. The cash offer price followed a similar trend, easing to USD 3,042 per tonne from USD 3,110 per tonne, also down by 2.19 per cent day-on-day. In the futures market, the LME aluminium 3-month bid price continued to edge downwards to USD 3,065 per tonne, compared with USD 3,132 per tonne the previous day, recording a 2.14 per cent decrease. The 3-month offer price slipped lower to USD 3,066 per tonne from USD 3,134 per tonne, a similar decline of 2.17...
