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...
Grow with
AL Circle
Chris Bowen, the Federal Energy Minister of Australia, is reportedly pushing the Government agencies to secure a long-term power purchase agreement for Tomago Aluminium’s future. According to Chris Bowen, soaring electricity costs pose severe threat to the nation’s largest aluminium smelter, potentially leading it to shut its operations. He argues that Tomago’s survival ultimately lies in the grid with more renewable energy. Bowen confirmed government agencies are working to see if more renewable energy can be provided to Tomago. He reiterates Tomago’s opinion that there’s not too much but not enough renewable energy for the smelter. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain This follows an update that Taxpayer-owned Snowy Hydro may...
The London Metal Exchange (LME) aluminium prices on December 3 have further inched down from the previous close. However, the 3-month Asian Reference Price showed an upward movement. The LME cash bid declined from USD 2,858 per tonne to USD 2,853 per tonne, representing a decline of USD 5 per tonne or 0.2 per cent. The cash offer price reduced from USD 2,858.5 per tonne to USD 2,854 per tonne, showing a dip of USD 4.5 per tonne or 0.15 per cent. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The 3-month bid and offer also dipped by USD 5 per tonne or 0.2 per cent, where the bid came down to USD 2,882 per tonne from USD 2,887 per tonne, and the offer at USD 2,883 per tonne from USD 2,888 per tonne. The prices for the longer-dated contract...
On December 2, the London Metal Exchange (LME) aluminium cash price fell slightly, but other contracts continued the upward trend. The inventory further dropped from the previous day’s close. The LME cash bid fell by USD 1 per tonne or 0.03 per cent to reach USD 2,858 per tonne and the cash offer dropped by USD 1.5 per tonne or 0.05 per cent and concluded at USD 2,858.5 per tonne on December 2. From the previous close, the 3-month bid and offer rose by USD 4 per tonne or 0.13 per cent, where each settled at USD 2,887 per tonne and USD 2,888 per tonne. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain Concurrently, the prices for the longer-dated contract also strengthened, with the December 26 bid and offer price increased by USD 6 per tonne...
The London Metal Exchange (LME) price on December 1 significantly increased from the previous day’s close. However, the opening stock and cancelled warrants declined along with the cost of alumina platts. Both the LME cash bid and offer rose by USD 34 per tonne or 1.2 per cent, where the bid stood at USD 2,859 per tonne, up from USD 2,825 per tonne and the offer at USD 2,860 per tonne, up from USD 2,826 per tonne. The 3-month bid price climbed USD 33 per tonne or 1.12 per cent to settle at USD 2,883 per tonne from USD 2,850 per tonne. Similarly, the 3-month offer price increased by USD 32 per tonne or 1.1 per cent, to reach USD 2,884 per tonne from USD 2,852 per tonne. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain Concurrently, both the...
Rio Tinto’s New Zealand Aluminium Smelter is preparing for a major shift in how it handles spent pot lining, confirming a USD 50 million investment in a new processing facility for the aluminium byproduct at Tiwai Point. The facility will tackle spent cell liners (SCL) that have, until now, been stored either in covered sheds or within a sealed pad at the site. Its management has long been a point of contention and, at times, controversy. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain One of the defining moments came in 2021, when the global chief executive, Jakob Stausholm, travelled to Wellington to apologise to the Government for the company’s approach to waste handling. The apology followed the 2020 emergency in Mataura, when hundreds...
LME aluminium saw a firm uptick on November 28 across cash, 3-month and December 2026 contracts, while exchange inventories posted a mild decline. On November 28, the LME aluminium cash bid price stood at USD 2,825 per tonne, rising 0.77 per cent from USD 2,803.5 per tonne on November 27. The cash offer price increased 0.78 per cent to USD 2,826 per tonne, compared with USD 2,804 per tonne a day earlier. The 3-month bid price climbed 0.80 per cent, reaching USD 2,850 per tonne on November 28 from USD 2,827.5 per tonne on November 27. The 3-month offer price rose 0.85 per cent to USD 2,852 per tonne, up from USD 2,828 per tonne previously. Prices for the longer-dated contract also strengthened, with the December 2026 bid price increasing 0.87 per cent to USD 2,887 per tonne, compared with...
JPMorgan expects aluminium price may get close to USD 3,000 per tonne in early 2026, helped by stronger copper prices and a market that, for now, looks reasonably tight. But several analysts say the outlook becomes much less straightforward once Indonesia’s new supply starts landing, and that may happen faster than the market is prepared for. For years, Indonesia has talked about becoming a major aluminium producer. What’s different now is that many of the long-promised projects are actually close to starting up. Smelters, refineries and upstream investments are advancing at the same time, creating a level of momentum that could reshape the regional market. Two of the projects — backed by Bintan Alumina Indonesia and Borneo Alumina Indonesia — are pushing the country’s alumina output...
The aluminium sector across Africa and Asia (excluding China) has been gathering strength for three years now, and the momentum has carried cleanly into 2025. Over the first nine months of the year, the two regions produced 4.84 million tonnes of primary aluminium, supported by steady monthly output in the 504–544 thousand-tonne range and daily averages holding between 17.3 and 17.5 thousand tonnes. That consistency pushed cumulative production 1.55 per cent higher than in 2024 and 3.70 per cent above 2023, signalling a supply base that has become both more resilient and more predictable. According to International Aluminium Association, the quarterly numbers show the same quiet climb. The 2025, began with 1.59 million tonnes in Q1, edged up to 1.61 million tonnes in Q2, and reached 1.63...
Indian aluminium market witnesses a 0.64 per cent price drop to INR 270.45 per kilogram, owing to the declining demand from China, which is otherwise the world’s largest aluminium producer cum consumer. Along with deflating pricing in the Chinese market, the SHFE inventory rise of 7.67 per cent has also pressurised the market sentiment. To cushion the aluminium price’s free-fall, the US federal rate cut has weighed in, supporting broader commodity sentiment. Image for representational purposes only Explore- Most accurate data to drive business decisions with 50+ reports across the value chain China is experiencing a structural and cyclical economic slowdown. This is not a typical, short-term dip but a complex deceleration from its previous high-growth phase. Both the country’s overall...
The London Metal Exchange (LME) aluminium prices on November 27 showed a slight uptick. On the other hand, the LME inventory showed a mixed trend. The LME cash bid and offer moved up by USD 18.5 per tonne or 0.65 per cent, where each reached USD 2,803.5 per tonne and USD 2,804 per tonne. The 3-month contract also strengthened, where both the bid and offer inched up by USD 20.5 per tonne or 0.7 per cent to finally settle at USD 2,827.5 per tonne and USD 2,828 per tonne, respectively. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain. A similar trend is seen in the December 26 contract, where both on November 27 increased by USD 16 per tonne or 0.55 per cent, with a bid at USD 2,862 per tonne and an offer at USD 2,867 per tonne. The LME...
LME aluminium prices posted a steady uptick on November 26 across cash, 3-month and forward contracts, while exchange inventories slipped slightly compared with the previous session. On November 26, the LME aluminium cash bid and offer stood at USD 2,822 per tonne and USD 2,822.50 per tonne, up from USD 2,786.50 and USD 2,787 per tonne on November 25. This reflects a day-on-day increase of about 1.27 per cent in both bid and offer prices. The 3-month contract also strengthened , with the bid and offer at USD 2,848 per tonne and USD 2,848.50 per tonne, compared with USD 2,813 per tonne and USD 2,815 per tonne a day earlier, marking rises of around 1.24 per cent and 1.19 per cemt respectively. The December 2026 contract continued this upward trend. On November 26, it settled at USD 2,878...
Alcoa Corporation said its subsidiary, Alcoa Nederland Holding B.V., has formally notified bondholders that it will redeem the remaining USD 141 million of its 5.500 per cent notes due in 2027. The redemption is scheduled for December 15, 2025. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain Bondholders will receive the full principal amount at 100.000 per cent, along with any interest accrued up to—but not including—the redemption date. Alcoa plans to fund the payout using existing cash; the company reported a cash balance of USD 1.49 billion at the end of September 2025. The decision folds into Alcoa’s ongoing effort to clean up and simplify its debt stack. With solid liquidity and steady free cash flow, the company is using its cash...
LME aluminium prices strengthened on November 25, with the cash bid rising to USD 2,786.50 per tonne and the cash offer to USD 2,787 per tonne, up from USD 2,776 and USD 2,776.5 on November 24. This reflects a 0.38 per cent increase in both bid and offer prices day-on-day. The 3-month contract also firmed, with the bid at USD 2,813 per tonne and the offer at USD 2,815 per tonne, compared with USD 2,807.5 and USD 2,808 a day earlier. The move represents a 0.20 per cent rise in the 3-month bid and a 0.25 per cent increase in the 3-month offer. For the December 2026 contract, the bid price climbed to USD 2,852 per tonne and the offer to USD 2,857 per tonne, up from USD 2,845 and USD 2,850 on November 24—an increase of 0.25 per cent on both sides. Explore- Most accurate data to drive business...
Chuangxin Industries, a leading integrated producer of electrolytic aluminium and alumina in China, has made a smart entrance in the Hong Kong Stock Exchange, raising HKD 5.5 billion (USD 707 million) from the sale of 500 million shares priced at HKD 10.99 (USD1.41) each. The aluminium producer’s retail tranche was oversubscribed 447.2 times, and the stock closed at HKD14.59 (USD1.88), about 33 per cent above the offer price. The surge instantly lifted founder Cui Lixin’s wealth to an estimated USD 3.6 billion, turning the 56-year-old into a new billionaire. His fortune stems from his stake in Chuangxin and his separate ownership in Innovation New Material Technology, the Shanghai-listed aluminium products maker that also happens to be one of Chuangxin’s largest customers. Explore- Most...
On November 24, 2025, the London Metal Exchange (LME) aluminium price inched up from the previous day, with a slight decline at the inventory front. Both the LME cash bid and offer trended up by USD 11 per tonne or 0.4 per cent and each settled at USD 2,776 per tonne and USD 2,776.5 per tonne. At the 3-month bid and offer, the bid inched up by USD 16.5 per tonne or 0.6 per cent at USD 2,807.5 per tonne. Concurrently, the offer moved up by USD 16 per tonne or 0.57 per cent and reached USD 2,808 per tonne. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain. Forward values also moved up, where both the December 26 bid and offer climbed USD 17 per tonne or 0.6 per cent and settled at USD 2,845 per tonne and USD 2,850 per tonne, respectively. The...
Plans for a major shake-up at Aluminium Dunkerque are beginning to surface, with American Industrial Partners (AIP) considering whether to sell the French smelter or place it on the stock market, according to information shared by a union official. Johan Vlietinck of the CGT union stated that local management had briefed workers’ delegates about the investment fund’s intentions. His remarks align with reporting from Bloomberg, which earlier suggested that AIP was weighing both a sale and a listing. The firm acquired the site four years ago after GFG Alliance, controlled by commodities entrepreneur Sanjeev Gupta, defaulted on its debt. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain AIP’s spokesperson in France stopped short of confirming any...
The Albanese government is pushing forward a multi-billion-dollar rescue plan to prevent the Tomago Aluminium smelter in New South Wales’ Hunter Valley from shutting down when its electricity contract expires in 2028. Taxpayer-owned Snowy Hydro is expected to take the lead in securing the long-term power supply that the smelter needs to keep operating. Image for representational purpose Under the proposal, Snowy Hydro would underwrite or directly sign long-term, renewable-heavy power offtake agreements, giving the smelter access to stable, lower-cost and cleaner electricity. The plan follows growing pressure from unions, environment groups and industry bodies urging governments to secure a structural, renewable-based solution for the Hunter Valley’s largest employer and one of Australia’s...
A recent announcement made by Nanshan Aluminium International Holdings Limited about the restructuring of its board of directors outlined the roles and functions of each member in detail. The announcement underscores the firm’s leadership structures and committee assignments, which are deemed vital to maintain stakeholder confidence in understanding the company’s strategic direction and governance. On Friday, November 21, 2025, Nanshan Aluminium International Holdings Limited announced the resignation of its Chief Financial Officer and Executive Director, Wang Shisan, due to other work arrangements at the Shandong Nanshan Aluminium Co., Ltd. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain In the place of Wang Shisan, the firm has currently...
