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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A UK aluminium casting facility facing repeated pump failures due to extreme water temperatures, which go up to 87°C, has successfully implemented a custom high-heat pumping solution developed by Wildon UK and KSB, ensuring uninterrupted operations. In recent times, A UK aluminium ingot supplier encountered recurring pump failures in its casting pit due to excessively high process water temperatures surpassing standard submersible pump thresholds. Recognising the operational risk, the company engaged Wildon UK, which collaborated with KSB to engineer a customised high-performance pumping solution. The underlying challenge The casting process demanded the return of cooling water from the pit, where temperatures consistently reached 80°C and occasionally spiked to 87°C, far exceeding the...
The protectionist tariff strategy once touted by US President Donald Trump to revitalise domestic aluminium and steel production appears to be yielding the opposite effect - at least in early 2025. Industry indicators point to a clear downturn, with aluminium demand and production trending downward during the first quarter of the year. Image credit: Aluminum Association PMI signals early warning The first signs of contraction came from industrial sentiment. Both the US and Canadian Purchasing Managers’ Indexes (PMI) dipped below the critical 50-point threshold in March 2025, registering at 49 and 46.3, respectively, indicating a shrinking manufacturing sector. Historically, a PMI below 50 signals a downturn in production and purchasing activity, which typically correlates with weakening...
A new protocol has been signed between India and Russia with the sole aim of deepening the industrial cooperation concerning aluminium, railways and the mining sector. At the 11th session of the India-Russia Working Group on Modernisation and Industrial Cooperation, both nations reaffirmed their commitment to strengthening bilateral collaboration across key sectors. Discussions highlighted increased engagement in aluminium , fertilisers and railway transport, along with mutual focus on capacity building and technology transfer in mining equipment, exploration and industrial and domestic waste management. As per the Ministry of Commerce and Industry, the discussion between the two countries was conducted under the framework of the India-Russia Intergovernmental Commission on Trade,...
LME aluminium prices saw modest gains on August 6, with both spot and forward contracts reflecting upward momentum. Inventory levels also continued to rise, signalling a gradual build-up in supply. The LME aluminium cash bid price rose to USD 2,589 per tonne on August 6, marking a 0.84 per cent increase from USD 2,567.5 per tonne on August 5 . The cash offer price climbed by 0.84 per cent as well, from USD 2,568 per tonne to USD 2,589.5 per tonne. The 3-month bid price increased by 0.98 per cent, from USD 2,566 per tonne to USD 2,591 per tonne, while the 3-month offer price rose by 0.92 per cent, from USD 2,568 per tonne to USD 2,591.5 per tonne. Looking further ahead, the December 26 bid price jumped to USD 2,652 per tonne, up 1.03 per cent from USD 2,625 per cent while the December 26...
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter at one site, announced its financial results for Q2 and the first half of 2025, revealing a large fall in profitability alongside modest revenue growth since the same time last year. Tariff pressure, escalated alumina prices, and sluggish aluminium demand were some of the critical factors that contributed to the downtick in Alba’s Q2 fiscal outcome. Profit for Q2 2025 was BD24.6 million (USD 65.3 million), which reflected a downfall of 64 per cent Y-o-Y from BD 68.5 million (USD 182.2 million) last year. The profit for the first half of 2025 was also down by 54 per cent Y-o-Y to BD 42.7 million (USD 113.5 million). Earnings per share fell from fils (1 fil = AED 8.717.) 48 last year to fils 17 this year. In contrast,...
Note: This image is AI-generated and for representation purpose only On August 5, 2025, the Indian government informed Parliament that the US has rejected its request for consultations at the World Trade Organisation (WTO) concerning the recent US tariffs on aluminium, steel and related products. Earlier, following Trump’s decision to double tariffs on aluminium and steel from 25 per cent to 50 per cent, India approached the WTO, arguing that these duties should not be classified as safeguard measures . The development now puts focus on how the US–India trade dynamics may evolve in the coming period. In a recent written response to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada stated that the US has justified these measures on national security grounds....
The 3rd European Green Aluminium Summit 2025 will be held on 11-12 November 2025, at Düsseldorf, Germany. The 3rd European Green Aluminium Summit 2025 will focus on advancing aluminum’s role in Europe’s green transition, covering key areas such as Green Aluminum Production, Energy Transition, Recycling & Circular Economy, and Policy & Legislation. The summit will bring together policymakers, industry leaders, and innovators to exchange best practices, showcase cutting-edge technologies, and explore collaborative strategies that accelerate decarbonization and build a resilient, net-zero aluminum industry in Europe. Who Should Be There? Aluminium Producers & Manufacturers Renewable Energy & Technology Providers Recycling & Circular Economy Experts Government & Regulatory Bodies Topics...
Aluminium prices on the London Metal Exchange (LME) edged down on Tuesday, with slight movement across spot and futures contracts, while inventories saw a modest build and alumina prices slipped. The LME aluminium cash bid price slipped to USD 2,567.50 per tonne, down 0.27 per cent from USD 2,574.50 per tonne on Monday, August 4. The LME aluminium cash offer price followed suit, easing to USD 2,568 per tonne, a 0.27 per cent decrease from USD 2,575 per tonne the day prior. A similar trend was observed in the 3-month contract prices, with the bid falling to USD 2,566 per tonne (down 0.08 per cent) and the offer price to USD 2,568 per tonne (down 0.08 per cent) from USD 2,568 per tonne and USD 2,570 per tonne respectively, recorded on Monday. However, longer-dated contracts reflected a...
Greek industrial and energy conglomerate METLEN Energy & Metals Plc (MTLN) is signalling bigger international ambitions with its debut trading at the London Stock Exchange (LSE). It marks a notable milestone in its transformation into a global player. The listing follows the successful completion of a voluntary share exchange offer (SEO), which achieved over 90 per cent shareholder acceptance. METLEN now owns a primary listing on the LSE, with a secondary listing on the Athens Exchange. Backed by a group of international and Greek advisers, including Morgan Stanley, Citigroup, Clifford Chance LLP, and EY LLP, the listing reflects METLEN’s strategic pivot to global capital markets. With MTLN’s debut trading, LSE marks their first-ever euro-denominated primary listing, thus highlighting...
Throughout 2024 and continuing into 2025, copper markets have been unsettled by US trade investigations and persistent ore supply constraints, particularly in China, the world’s largest consumer and producer of copper. But it’s not just copper, global non-ferrous (and ferrous) metals are witnessing a broader transformation. Investors and industries are increasingly pivoting from copper to aluminium, prompted by raw material shortages, elevated market volatility, and shifting global trade policies. Copper under pressure: trade scrutiny and supply shortfalls The US government’s Section 232 investigation into copper imports has significantly disrupted the market, sparking price volatility and triggering a sharp drop in fund participation. CME copper futures contracts plummeted from 134,000...
The protectionist tariff strategy once touted by US President Donald Trump to revitalise domestic aluminium and steel production appears to be yielding the opposite effect - at least in early 2025. Industry indicators point to a clear downturn, with aluminium demand and production trending downward during the first quarter of the year. Image credit: Aluminum Association PMI signals early warning The first signs of contraction came from industrial sentiment. Both the US and Canadian Purchasing Managers’ Indexes (PMI) dipped below the critical 50-point threshold in March 2025, registering at 49 and 46.3, respectively, indicating a shrinking manufacturing sector. Historically, a PMI below 50 signals a downturn in production and purchasing activity, which typically correlates with weakening...
Gujarat based aluminium extrusion products manufacturer ANB Metal Cast is set to launch its initial public offering (IPO) on August 8, marking the ninth SME IPO this week. The IPO will open in the price range of INR 148–INR 156 per share and close on August 12, while the anchor book for institutional investors opens on August 7. Shares will be listed on NSE Emerge from August 18, with the IPO allotment date set for August 13. The company aims to raise INR 49.92 crore through a fresh issue of 32 lakh equity shares at the upper price band. Sun Capital Advisory Services is acting as the merchant banker for the issue. IPO funds to boost capacity and capabilities Proceeds from the IPO will primarily support the company’s manufacturing expansion, with INR 13.7 crore allocated to construct an...
Despite ongoing border tensions and temporary checkpoint closures, trade between Thailand and Cambodia saw notable growth in early 2025, reflecting both resilience and underlying fragility in their cross-border economic ties. According to data released by Thailand’s Commerce Ministry on Monday, bilateral trade rose by 3.33 per cent year-on-year in the first half of 2025, reaching baht 95.147 billion, even as geopolitical tensions began to strain logistics and erode market confidence. The 2025 conflict between Thailand and Cambodia was triggered in late May when a Cambodian soldier was killed, reigniting a long-standing territorial dispute. The situation escalated sharply on July 24, when heavy fighting broke out. By July 27, clashes had spread to 12 border locations, resulting in...
On Monday, August 4, both LME aluminium cash bid price and LME aluminium official settlement price surged by USD 30.5 per tonne or 1.19 per cent and USD 30 per tonne or 1.17 per cent to halt at USD 2,574.5 per tonne and USD 2,575 per tonne. As per the London Metal Exchange (LME) price graph, both 3-month bid price and 3-month offer price ascended by USD 22 per tonne or 0.86 per cent and USD 23 per tonne or 0.90 per cent to peg at USD 2,568 per tonne and USD 2,570 per tonne. December 26 bid price and December 26 offer price gained USD 25 per tonne or 0.96 per cent to settle at USD 2,618 per tonne and USD 2,623 per tonne. Also Read: LME aluminium cash price drops to $2,544; live warrants rise to 449,300 tonnes LME aluminium 3-month Asian Reference Price on the other hand lost USD 13 per...
Alberta Investment Management Corporation, a Canadian Crown corporation and institutional investor owned by the Government of Alberta, has recently acquired a new stake in Century Aluminum Company. The strategic move follows the company's Q1 2025 earnings announcement and its latest 13F filing with the US Securities and Exchange Commission (SEC). Century Aluminum is a globally active metals and mining company engaged in the production of bauxite, alumina and aluminium. Image source: centuryaluminum.com Alberta Investment Management Corporation has acquired approximately 265,000 shares of Century Aluminum Company, representing an investment valued at USD 4.92 million. As of the end of the most recent quarter, this position accounts for roughly 0.28 per cent of the firm's total outstanding...
The recent imposition of 25 per cent tariffs by the US on Indian exports has sparked concern among the Odia community in North America, with many professionals and entrepreneurs warning of significant economic repercussions. Members of the diaspora argue that the move is likely to increase inflation in the US, disrupt bilateral trade, and undermine India–US relations at a time when global partnerships are increasingly vital. Calling the decision “short-sighted,” Debashis Sahoo, associate professor of computer science, engineering, and paediatrics at the University of California, San Diego, likened it to a self-defeating act. “The tariffs remind me of Kalidasa's branch-cutting metaphor. Experts feel it will harm the US more than India,” he said. The tariffs, which raise the cost of...
LME aluminium prices declined modestly on Friday, August 1, with both spot and 3-month contracts registering a downward shift compared to the previous session. The LME aluminium cash bid price fell to USD 2,544 per tonne, a 1.38 per cent drop from USD 2,579.5 per tonne on Thursday, July 31. The LME aluminium offer price also edged down 1.36 per cent to USD 2,545 per tonne from USD 2,580 per tonne the day before. Three-month aluminium prices mirrored this trend. The 3-month bid stood at USD 2,546 per tonne, down 1.36 per cent from USD 2,581 per tonne while the offer price fell 1.34 per cent to USD 2,547 per tonne compared to USD 2,581.5 per tonne on July 31. Forward prices for December 26 contracts also declined. The August 1 bid came in at USD 2,593 per tonne, down 1.22 per cent from USD...
Canada and the US have been engaging in a tariff war for the past six months, and despite reports of "intense" negotiations in recent weeks, a comprehensive trade agreement has yet to be reached. A potential US-Canada trade agreement may still take several weeks to materialise, according to Ottawa's chief negotiator as of July 31, 2025. This statement followed Trump's decision to raise tariffs on Canadian imports from 25 per cent to 35 per cent for all goods not covered under the US-Mexico-Canada Agreement, despite his earlier August 1 deadline for reaching a deal. Canadian Trade Minister Dominic LeBlanc held an extended meeting with the US Commerce Secretary, Howard Lutnick, on Tuesday evening upon arriving in Washington, followed by discussions with other senior White House officials....
