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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On Friday, October 3, the London Metal Exchange (LME) aluminium cash bid price rose by USD 2.5 per tonne or 0.1 per cent, up from USD 2,699.5 per tonne to USD 2,702 per tonne. The LME aluminium official settlement price added USD 3 per tonne or 0.11 per cent to halt at USD 2,703 per tonne, up from USD 2,700 per tonne. The LME 3-month bid price gained by USD 1.5 per tonne or 0.06 per cent, halting at USD 2,703 per tonne. On the other hand, the 3-month offer price showed no change from the previous day and remained at USD 2,705 per tonne. Explore our B2B marketplace - AL Biz December 26 bid price and December 26 offer price went up by USD 3 per tonne or 0.11 per cent to clock at USD 2,743 per tonne and USD 2,748 per tonne. LME aluminium 3-month Asian Reference Price inched up by USD 17 per...
Canadian Prime Minister Mark Carney is heading to Washington next week for a crucial meeting with US President Donald Trump. This marks Carney's second visit to the White House since taking office, and expectations are high for progress on long-standing issues, particularly steel and aluminium tariffs. The meeting, described as a "working visit," will take place on Tuesday, with Carney accompanied by key ministers, including Foreign Affairs Minister Anita Anand, Industry Minister Melanie Joly, and Canada-U.S. Trade Minister Dominic LeBlanc. Get your hands on - American Aluminium Industry: The Path Forward The primary focus of the visit will be strengthening the economic and security relationship between Canada and the US, with both nations working to resolve trade disputes, especially...
In recognition of his outstanding leadership and dedication, Jean Simard, the President and CEO of the Aluminium Association of Canada, has been awarded the prestigious King Charles III Coronation Medal. As of October 2025, Jean Simard, President and CEO of the Aluminium Association of Canada, is the only individual from the aluminium industry publicly recognized with the King Charles III Coronation Medal. “It was with great pride and humility that I was awarded the King Charles III Coronation Medal last January for my contribution to promoting Canadian aluminium and for my commitment to the arts, at the Fondation du Conservatoire de musique et d'art dramatique du Québec, and at the Petits Chanteurs du Mont- Royal (PCMR),” expressed Jean Simard. This esteemed honour highlights his...
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) bench in Ahmedabad recently dismissed an appeal concerning the applicable customs duty on imported aluminium foils. The case centred on the date that determines the duty liability and whether the increase in duty rate, from 5 per cent to 7.5 per cent, should apply based on the vessel's earlier arrival or the actual date of unloading at the port. Background of the case The appellant, Jil Pack, based in Ahmedabad, had imported aluminium foils from China. The goods were shipped on a vessel carrying cargo for two different importers, one in Thane and the other, Jil Pack. The vessel first arrived at Bombay Port on 27 February 2016 , where the goods destined for the Thane importer were offloaded. However, Jil Pack's consignment was...
On Thursday, October 2, both LME aluminium cash bid price and LME aluminium official settlement price added USD 16.5 per tonne or 0.61 per cent to halt at USD 2,699.5 per tonne and USD 2,700 per tonne. As per the data, 3-month bid price and 3-month offer price gained USD 17 per tonne or 0.63 per cent and USD 16.5 per tonne or 0.61 per cent to settle at USD 2,704.5 per tonne and USD 2,705 per tonne. December 26 bid price and December offer price went up by USD 12 per tonne or 0.43 per cent to clock at USD 2,740 per tonne and USD 2,745 per tonne. LME aluminium 3-month Asian Reference Price inched up by USD 4 per tonne or 0.14 per cent to halt at USD 2,692.50 per tonne. LME aluminium opening stock lost 5000 tonnes to come in at 508,425 tonnes. Live warrants remained unchanged at 412,675...
Queensland's energy landscape is on the brink of a significant shift, as mining giant Rio Tinto reveals its plans to potentially retire the Gladstone Power Station ahead of schedule, aiming for March 2029, six years earlier than initially planned. This coal-fired power plant, which has been operational since 1976, has played a crucial role in supplying energy to the region, boasting a generation capacity of up to 1,680 megawatts across its six turbines. On October 1, 2025, CS Energy officially notified the Australian Energy Market Operator (AEMO) about the possible closure. This formal notice gives the market the necessary 3.5-year lead time as outlined in the National Electricity Rules. Why exit early? The recent move is in line with the expiring supply contracts with Boyne Smelters Ltd,...
London Metal Exchange (LME) aluminium prices inched up on October 1 compared to the previous day. Both the cash bid and offer price rose by USD 15 per tonne or 0.6 per cent and settled at USD 2,683 per tonne and USD 2,683.5 per tonne, respectively. A similar trend was followed in the LME 3-month bid and offer price when it went up by USD 10.5 per tonne or 0.4 per cent to USD 2,687.5 per tonne and USD 2,688.5 per tonne. Further out, the December 26 contract also elevated, with the bid and offer price escalating by USD 8 per tonne or 0.2 per cent to USD 2,728 per tonne and USD 2,733 per tonne. Also read: The World of Aluminium Extrusions – Industry Forecast to 2032 The LME aluminium 3-month Asian Reference Price inched up by USD 8 per tonne or 0.2 per cent and is currently at USD 2,688.5...
According to ‘Vision Document on Aluminium Metal for India’ published by Government, the country has reached a stage where it produces 4.16 Mtpa of Primary Aluminium and 1.8 Mtpa in the secondary sector. Here Odisha is the main contributor, currently 4 Aluminium Smelters, with a total Installed Capacity of 2.7 Mtpa. are operating in this state. Image source: Vedanta Aluminium NALCO Aluminium Smelter (0.46 Mtpa) Located in Angul of Odisha, NALCO's Smelter is based on old Aluminium Pechiney technology (180KA prebake cell) of smelting & pollution control and comprises of four potlines with 240 electrolytic pot cells in each, along with integrated facilities for casting of ingots, sows, billets, strips and wire rods and chequered sheets. Smelter unit has a 50,000 tpa Rolled Products Unit...
Century Aluminum, boasting a market cap of USD 2.65 billion, has hit a 52-week high of USD 28.44, which shows that investor confidence and market interest are on the rise. This milestone highlights the company's robust performance in the non-ferrous metals sector, delivering a 77.26 per cent one-year gain which is well above the S&P 500's 15.64 per cent over the same period. In the last year, the firm has seen a remarkable 75.79 per cent increase in share value, driven by a 15.38 per cent growth in revenue and a P/E ratio of 23.66. This impressive performance is a result of favourable market conditions and strategic moves that have bolstered stakeholder confidence. As the firm navigates the ever-changing aluminium industry, this achievement underscores its strong market position and...
On Tuesday, September 30, both the LME cash bid and offer price inched down by USD 3.5 per tonne or 0.13 per cent and finally settled at USD 2,668 per tonne and USD 2668.5 per tonne. The 3-month bid rose by USD 2 per tonne or 0.07 per cent and stood at USD 2,677 per tonne, and the 3-month offer went up by USD 2.5 per tonne or 0.09 per cent and finally stood at USD 2,678 per tonne. Also Read: The World of Aluminium Extrusions – Industry Forecast to 2032 The trend was further mirrored in the LME December 26 bid and offer price when it climbed by USD 3 per tonne or 0.11 per cent. Bid settled at USD 2,720 per tonne and offer at USD 2,725, respectively. The Asian Reference Price stood at USD 2,680.5 per tonne. LME aluminium opening stock, live warrants and cancelled warrants stood at 513,425...
On Monday, September 29, both LME aluminium cash bid price and LME aluminium official settlement price hiked by USD 29.5 per tonne or 1.11 per cent to clock at USD 2,671.5 per tonne and USD 2,672 per tonne. As per the data, 3-month bid price and 3-month offer price also added USD 28 per tonne or 27.5 per tonne to halt at USD 2,675 per tonne and USD 2,675.5 per tonne. December 26 bid price and December 26 offer price surged by USD 25 per tonne to settle at USD 2,717 per tonne and USD 2,722 per tonne. Also Read: The World of Aluminium Extrusions – Industry Forecast to 2032 LME aluminium opening stock, Live warrants and Cancelled warrants stood at 515,600 tonnes, 412,775 per tonne and 102825 tonnes. The LME alumina (platts) price remained unchanged at USD 332.66 per tonne. Explore our B2B...
The world’s primary aluminium production remained almost muted over a month in August 2025, mirroring the same trend as the previous year. However, on an annual basis, the output stood 1 per cent higher than 6.222 million tonnes. According to the data reported by the International Aluminium Institute, the world primary aluminium production in August 2025 summed at 6.277 million tonnes, just slightly higher than 6.268 million tonnes in July. While growth was minimal, the sector at least avoided another decline—after the last month-on-month drop in June, when production fell 3 per cent from 6.258 million tonnes to 6.070 million tonnes. Cumulatively, global primary aluminium output from January to August reached 49.04 million tonnes, marking a 1.32 per cent year-on-year rise from 48.4...
London Metal Exchange (LME) aluminium prices edged lower on September 26 compared to the previous day. The cash bid price declined to USD 2,642 per tonne, down 0.71 per cent from USD 2,661 per tonne on September 25, while the cash offer price slipped by 0.71 per cent to USD 2,642.50 per tonne. The 3-month bid price eased by 0.68 per cent to USD 2,647 per tonne, and the 3-month offer dropped by 0.66 per cent to USD 2,648 per tonne. Further out, the December 26 contract also softened, with the bid price down 0.48 per cent to USD 2,692 per tonne and the offer at USD 2,697 per tonne, compared with USD 2,705 and USD 2,710, respectively, on September 25. Also read: The World of Aluminium Extrusions – Industry Forecast to 2032 Meanwhile, the LME aluminium 3-month Asian Reference Price stood at...
Alcoa’s stock came under pressure on Tuesday after Chief Executive William (Bill) F. Oplinger alerted that President Donald Trump’s steep tariff regime risks making aluminium prohibitively expensive and deflating demand for domestically produced steel and aluminium. Shares of the Pittsburgh-headquartered producer slid 3.4 per cent in regular trading, though retail sentiment on Stocktwits remained broadly bullish, with chatter on the counter spiking 67 per cent in the past 24 hours. Image source: https://www.linkedin.com/in/bill-oplinger/ Also read: Alcoa’s Q1 2025 performance displays stable 26% EBITDA growth amid first phase of tariff pressure In a recent media interview, Oplinger said aluminium prices in the United States have surged under Trump’s tariff framework, which doubled duties...
Kenneth Calloway, the Senior Vice President of Human Resources of Century Aluminum, has reportedly sold 36 per cent of shares worth USD 452,000 at USD 27.50 per share. In the last 12 months, the President of Century, Jesse Gary, made the biggest insider sale worth USD 1.5 million at USD 18.97 per share - well below today’s price of USD 25.85. Generally, selling out shares at a price lower than the current price is considered to be discouraging, as it is considered that the shareholders are happy selling their stocks at lower prices. The single biggest sale was Jesse Gary’s 99 per cent holding. The insider ownership at Century Aluminum owns about 0.8% of the company, which accounts for about USD 19 million. Although it is not a significant level of ownership by the insiders, it's enough to...
After a slight dip, the London Metal Exchange (LME) on Thursday, September 25, the aluminium price inched up again. The LME cash bid and offer price went up by USD 38.5 per tonne or 1.5 per cent, up from USD 2,622.5 per tonne to USD 2,661 per tonne and USD 2,623 per tonne to USD 2,661.5 per tonne respectively. The 3-month contract expanded with the bid growing from USD 2,624 per tonne to USD 2,665 per tonne, showing an increase of USD 41 per tonne or 1.6 per cent. Similarly, the 3-month offer also went up from USD 2,625 per tonne to USD 2,665.5 per tonne, representing an increase of USD 40.5 per tonne or 1.54 per cent. Also read: The World of Aluminium Extrusions – Industry Forecast to 2032 The rising trend continues as the December 26 bid and offer price went up by USD 35 per tonne or...
London Metal Exchange (LME) aluminium prices recorded a marginal decline on September 24 compared to the previous day, while warehouse stocks rose moderately. The cash bid price slipped from USD 2,645.5 per tonne on September 23 to USD 2,622.5 per tonne on September 24, down 0.87 per cent, while the cash offer price eased from USD 2,646 to USD 2,623 per tonne, also a 0.87 per cent decline. Similarly, the three-month contract weakened, with the bid price falling from USD 2,639.5 per tonne to USD 2,624 per tonne, down 0.59 per cent, and the offer price moved down from USD 2,640 to USD 2,625 per tonne, a 0.57 per cent decline. The December 2026 contract also posted a slight decrease, with the bid price slipping from USD 2,682 per tonne to USD 2,670, down 0.45 per cent, and the offer price...
Press Metal Aluminium Holdings Bhd, an aluminium-producing firm, is set for steady earnings in the second half of 2025. The growth will be supported by firmer aluminium prices, effective hedging and easing input costs. Hong Leong Investment Bank Bhd (HLIB Research) said margins will improve with lower carbon anode prices. These prices fell five per cent quarter-on-quarter. The aluminium–alumina cost ratio is also expected to stay stable at 13–14 per cent. HLIB Research noted, “While alumina prices edged up modestly to USD 362 per tonne in the third quarter (Q3), from USD 354 per tonne in Q2, prices have generally softened through mid-2025 as new refining capacity in China and Indonesia shifted the market into surplus.” The firm expects alumina to remain range-bound at USD 330–USD 370 per...
