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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Global energy and commodity group Mercuria is shipping over 30,000 tonnes of aluminium from Port Klang in Malaysia to New Orleans, three market sources have revealed. They added that the trader probably needed the metal for its US customers. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The shipment is drawn from London Metal Exchange-approved warehouses in Port Klang, where stocks stood at 268,325 tonnes as of 29 October. Inventories have dropped by 74,700 tonnes, or 22 per cent, since late September, a sharp draw that points to tightening spot supply in Asia. Mercuria’s strategic metals push The recent aluminium trade is part of Mercuria’s wider strategic pivot into industrial metals, away from its core energy portfolio. News sources had...
Sussan Ley recently met with the Chief Executive Officer of Tomago Aluminium Company, Jérôme Dozol. The meeting was all about tackling the current hurdles the smelter is facing, especially the rising power costs and how it is affecting the ability to operate effectively. Sussan Ley clarified that her meeting with the CEO was not aimed at the Albanese government, except for her call for them to put together a solid and practical energy policy. She stressed that her primary concern is still the workforce, ensuring production stability, and the shared pride in keeping one of the top aluminium smelters in the world running strong. Ley’s visit to Tomago Aluminium Sussan Ley recently paid a visit to the Tomago Aluminium smelter in the Hunter region. This visit came on the heels of the company's...
In a significant step forward for Vedanta's ongoing corporate restructuring, the Securities and Exchange Board of India (SEBI) has given the green light to the company's proposed demerger documentation. However, the demerger has hit a new snag due to the recent changes in the National Company Law Tribunal's (NCLT) Mumbai bench. SEBI has given its approval to Vedanta’s demerger documentation, marking a significant step forward in the company’s restructuring efforts. This approval sets the stage for Vedanta to proceed with its planned corporate reorganisation, as long as it secures the necessary regulatory approvals and navigates any legal challenges ahead. The initial plan The initial demerger plan, which was put forward earlier this year, included four of Vedanta’s group companies:...
After a good gain on Wednesday, October 29, the London Metal Exchange (LME) aluminium price slipped drastically on Thursday, October 30. On Thursday, the LME cash bid fell by USD 66 per tonne or 2.3 per cent to reach USD 2,825 per tonne, down from USD 2,891 per tonne. Similarly, the LME cash offer also dipped by USD 65.5 per tonne or 2.3 per cent to reach USD 2,826 per tonne, down from USD 2,891.5 per tonne. At the same time, both the LME 3-month bid and offer fell by USD 46 per tonne or 1.6 per cent for each to settle finally at USD 2,845.5 per tonne and USD 2,846 per tonne respectively. For forward contracts, both the December 26 bid and offer fell by USD 41 per tonne or 1.4 per cent and reached USD 2,862 per tonne and USD 2,867 per tonne, respectively. The LME aluminium three-month...
Cameroon’s aluminium production dropped sharply in the first quarter of 2025, falling by about 40.8 per cent, according to the Ministry of Finance’s recent report. The fall came after a major technical fault forced more than half of the country’s electrolysis cells to shut down. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain “Output of aluminium ingots and slabs fell by 40.8 per cent after over half of the electrolysis cells stopped working due to a technical issue,” the report confirmed. Despite the early setback, the industry recorded a 4.5 per cent rise compared with the same quarter last year. Officials expect production to climb by around 6 per cent over the full year as repairs continue and capacity is restored. The disruption...
On October 29, LME aluminium prices strengthened, reflecting steady demand and market optimism. The cash bid price rose to USD 2,891 per tonne, up 1.14 per cent from USD 2,858.5 per tonne on October 28, while the cash offer increased by a similar margin to USD 2,891.5 per tonne from USD 2,859 per tonne. The three-month aluminium contract also advanced, with the bid price climbing 1.08 per cent to USD 2,891.5 per tonne and the offer price reaching USD 2,892 per tonne, compared with USD 2,860.5 and USD 2,861 per tonne, respectively, a day earlier. For forward contracts, the December 26 bid stood at USD 2,903 per tonne and the offer at USD 2,908 per tonne, up from USD 2,885 and USD 2,890 per tonne , respectively, on October 28. The LME aluminium three-month Asian Reference Price settled at...
The Aluminium Association of India (AAI) is urging the Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of Finance to take swift action to prevent a looming aluminium shortage in the country, reminiscent of the issues seen with critical and rare minerals. AAI’s appeal Highlighting the sector's impressive investment potential of over INR 20 lakh crore (USD 240 billion), the association is calling on the government to ensure fair access to the domestic market and to stop India from becoming a dumping ground for global aluminium, especially with the increasing geopolitical tariff and non-tariff barriers. In its recommendations, AAI has suggested implementing a 15 per cent fundamental customs duty on all aluminium products under Chapter 76 and enforcing strong...
The London Metal Exchange (LME) aluminium price witnessed a sharp decline on Tuesday, October 28. However, the live warrants and the price of aluminium platts remained unchanged from the previous close. As of Tuesday, October 28, both the LME cash bid and offer price declined by USD 20 per tonne or 0.7 per cent, where the bid went down from USD 2,878.5 per tonne to USD 2,858.5 per tonne and the offer from USD 2,879 per tonne to USD 2,859 per tonne. Concurrently, the 3-month bid and offer also fell by USD 16 per tonne or 0.6 per cent, where the bid settled at USD 2,860.5 per tonne from USD 2,876.5 per tonne and the offer at USD 2,861 per tonne from USD 2,877 per tonne. A similar trend has been witnessed in the December 26 contract bid and offer price as well, where both plunged by USD 13...
More than three years and the shockwaves of energy crisis in Australia are still being felt loud and clear. Caused by not one particular factor, the crisis began in the spring of 2022 (April-July) due to the spike in international gas prices, domestic plant outages, and weak renewable power generation. Beyond these, political allegations for mismanagement also take a centre stage as the present federal energy minister, Chris Bowen, blames the earlier Coalition Government for taking no precautionary measures for the impending crisis, while the latter claims the new Labor Government is incapable to handle the situation. But whoever or whatever is at the blaming point, the fact remains undeniable that this energy crisis has scorched Australia’s manufacturing backbone, especially aluminium....
Larsen & Toubro’s (L&T) Minerals & Metals (M&M) business has bagged multiple large contracts in India, strengthening its foothold across the aluminium and steel industries. Image for representational purpose The company has received an order from Hindalco Industries to set up a 180 KTPA aluminium smelter along with a Gas Treatment Centre (GTC) for its upcoming greenfield project in Odisha. The scope of work for the smelter includes civil and structural works, supply, and erection, while the GTC job covers engineering, procurement, construction, and plant installation. L&T has been a long-term partner to Hindalco for more than three decades, contributing significantly to its expansion programs across alumina, aluminium, and copper plants. In addition, the M&M business has secured an order...
For more than a century, Quebec’s Saguenay–Lac-St-Jean region has been more than just a hub of aluminium production — it’s the soul of Canada’s aluminium industry. The gleaming metal shaped its economy, built its communities, and earned the area its proud nickname: “aluminium valley.” But the deep cross-border ties that sustained it for over a century are now under strain, as Washington’s escalating tariffs threaten to unravel one of North America’s most enduring industrial partnerships. An alliance tested by tariffs The trade rift began in March 2025, when US, invoking national security issue under Section 232 of the Trade Expansion Act, imposed 25 per cent tariffs on Canadian aluminium and steel. By June, those tariffs were doubled to 50 per cent. The tariffs now apply not only to raw...
Aluminium Corporation of China Limited (CHALCO), a global enterprise in the aluminium industry, has announced robust earnings for the nine months ended September 30 2025, signalling stable progress despite volatile market conditions. The company reported sales of RMB 17.65 billion (approx USD 2.48 billion), up from RMB 17.38 billion (approx. USD 2.44 million) a year earlier. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain Net income of Chalco climbed to RMB 10.872 billion (USD 1.48 billion), compared to RMB 9 billion (USD 1.23 million) in the previous year, reflecting a notable year-on-year improvement in profitability. Basic earnings per share from continuing operations rose to RMB 0.635 (USD 0.087) from RMB 0.525 (USD 0.072), while diluted...
Qatar Aluminium Manufacturing Company (QAMCO) reported a strong performance for the third quarter and the nine months ended 30 September 2025, driven by firmer aluminium prices, steady output, and solid market demand. In Q3 2025, the company produced 172 thousand metric tonnes of aluminium, a small but steady rise from 171 thousand metric tonnes in Q2 2025 — roughly a 1 per cent increase. The gain came mainly from stable plant operations and smoother production efficiency. Sales saw a much sharper rise. QAMCO sold 189 thousand metric tonnes in the third quarter, compared with 167 thousand metric tonnes in Q2, marking a 13 per cent increase. The improvement was largely driven by better demand for extrusion ingots, as downstream sectors picked up pace. The company’s share of JV revenue grew...
Egyptalum or Egypt Aluminum, the largest aluminium producer in Egypt and a key player in Africa's industry, has announced a significant 43 per cent drop in net profits for the first quarter of FY2025/26 compared to last year. Net profit According to its most recent financial report, the Egypt-based company has seen a significant drop in net profit after tax, plummeting by 43 per cent year-on-year. In the first quarter of FY2025/26, their profit fell to EGP 2.415 billion (USD 50.7 million), down from EGP 4.232 billion (USD 88.9 million) during the same period last year. Earnings per share The company has announced its basic earnings per share (EPS) for the first quarter of FY2025/26, which stands at EGP 5.86 (USD 0.12). This represents a notable drop compared to EGP 10.26 (USD 0.22) from...
London Metal Exchange (LME) aluminium prices strengthened between October 24 and October 27, supported by steady demand and tightening inventories. On October 27, the LME aluminium cash bid stood at USD 2,878.50 per tonne, up USD 26 from USD 2,852.50 on October 24. The cash offer also rose USD 26, to USD 2,879 per tonne from USD 2,853 earlier. Similarly, the 3-month bid price climbed USD 25.50 to USD 2,876.50 per tonne, while the 3-month offer increased USD 25 to USD 2,877 per tonne. The December 26 contract also recorded gains, with the bid price rising USD 31 to USD 2,898 per tonne and the offer advancing USD 31 to USD 2,903 per tonne. The LME aluminium 3-month Asian Reference Price was reported at USD 2,874.50 per tonne on October 27. On the inventory front, the LME aluminium opening...
Odisha's Chief Minister Mohan Charan Majhi met with Vedanta Group Chairman Anil Agarwal on Thursday to lay out a strategic investment plan aimed at boosting the state's industrial and economic growth. Their discussion centred on how Vedanta's ambitious development projects can align with the Prime Minister's vision of "Viksit Odisha for Viksit Bharat." October 2024: Vedanta's assurance to the Odisha government The company is to invest around INR 1 lakh crore (USD 12.05 billion) in Odisha. This investment will fund the establishment of a 6 million tonnes per annum alumina refinery and a 3 million tonnes per annum aluminium smelting and production plant. These projects will harness renewable energy sources, aim to create approximately 2 lakh jobs and foster a robust ecosystem of MSMEs,...
One of the major shareholders in the Tomago aluminium smelter, situated north of Sydney, has decided to write down the value of its investment in the facility to zero. This move raises serious concerns about the smelter's long-term viability as the largest single consumer of electricity in Australia's national grid. The future of the smelter is looking increasingly challenging, especially with rising energy costs and ongoing market uncertainties. Hydro's share in the Tomago aluminium smelter Norsk Hydro, which employs more than 1000 people, with the majority ownership held by Rio Tinto, has informed its investors about its challenging situation in finding renewable power which is affordable, indicating uncertainty in the near future concerning the plant. The firm owns a 12.4 per cent...
Aluminium prices on the London Metal Exchange (LME) saw a boost on Friday, October 24, as both cash and three-month contracts ticked up slightly, coinciding with a slight drop in warehouse inventories. On October 24, the LME aluminium cash bid stood at USD 2,852.5 per tonne, up USD 9.5 or 0.33 per cent from USD 2,842 per tonne on October 23. The cash offer rose USD 8 or 0.3 per cent, from USD 2,845 to USD 2,853 per tonne. The LME 3-month bid increased from USD 2,841.5 per tonne on October 23 to USD 2,851 per tonne on October 24, representing a gain of USD 9.5 or 0.33 per cent. The 3-month offer also climbed by USD 10 or 0.4 per cent, from USD 2,842 to USD 2,852 per tonne. For forward contracts, both the December 26 bid and offer price advanced USD 4 or 0.13 per cent, where the bid moved...
