As the global aluminium supply chain continues to swing between shifts and crunches, how has Europe fared on the production front in the 2026 year-to-date calendar? Substantially well, going by the output figures. Between January and September 2026, the European continent, including Russia, has produced a total of 5.56 million tonnes of primary aluminium, building a significant year-on-year growth chart. The nine-month growth chart Set against the same period of 2025, the first nine months of 2026 show a clear lift in output. From January to September 2026, Europe, including Russia, produced 5.56 million tonnes of primary aluminium, raising the annual growth rate by 5.69 per cent year-on-year (Y-o-Y) over the 5.26 million tonnes produced in 2025. Explore the production, demand and...
The proposed $4 billion Oklahoma Primary Aluminum (OPA) smelter, a joint venture between Emirates Global Aluminium (EGA) and Century Aluminum, is targeting civil works in the second quarter of 2027, with first hot metal expected between mid- and late 2030. Realization of the 750,000-metric-ton project would render it the first new US primary aluminum smelter in nearly 50 years. However, local restrictions, environmental permitting and ongoing legal hurdles clouded its path towards maintaining the construction timeline. A local moratorium and an April 7 ballot sit on the same calendar. 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 ” A...
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Abdulnasser Ibrahim Saif bin Kalban, Chief Executive Officer of Emirates Global Aluminium (EGA), highlighted in his conversation with the Emirates News Agency (WAM) that Emirates Global Aluminium (EGA) plays a crucial role in supporting the national economy. As a key driver of the domestic aluminium sector, EGA supports thousands of jobs and contributes billions to the United Arab Emirates' economy. Image Source: EGA Mr Saif bin Kalban mentioned that EGA's direct, indirect, and induced economic contribution was over $6.5 billion in 2023, supporting more than 57 thousand jobs and accounting for about 1.3 per cent of GDP. He also boasted that EGA is committed to redirecting its earnings to the local economy by purchasing local goods and services. On average, the company annually redirects...
The oldest independent state in the Arab world, Oman is progressing with plans to establish an 'Integrated Economic Cluster for Aluminium Industries' in Suhar, a key hub for multibillion-dollar investments focused on this valuable metal. The Oman Vision 2040 Implementation Follow-Up Unit leads these efforts, collaborating closely with various government ministries and agencies to bring this strategic initiative to fruition. The Oman Vision 2040 Implementation Follow-Up Unit stated in the latest annual report, "The Integrated Economic Cluster for Aluminium Industries in Suhar aims to achieve integration among the various aspects of the aluminium industry by linking the upstream (primary aluminium production) with the downstream (higher value-added industries). The cluster focuses on...
China’s decision to revoke tax rebates on aluminium has caused two opposite reactions in the global market. On the one hand, it has brought a frown to global downstream producers and end-user manufacturers in anticipation of a limited supply of metal and higher prices; on the other, it has brought hope for improved margins among primary aluminium producers due to global price hikes. On this note, some of the primary aluminium giants in India have experienced a notable surge in their shares. Companies like NALCO, Hindalco, and Vedanta reported that their shares raised as much as 7 per cent on Monday, November 18, following China’s announcement of its decision on Friday , November 15. Even a Malaysia-based aluminium company, Press Metal, gained 7.5 per cent to RM4.73, marking its highest...
Aluminium is a vital element of the global economy, and the growing demand for green metal underscores its enduring importance. Despite challenges and occasional disruptions, the market's need for sustainable aluminium continues to thrive. Significant developments have occurred in the upstream aluminium sector, which includes bauxite, alumina, and primary aluminium production. Top companies like Hindalco, Alba and NALCO released their financial results, reflecting significant growths. To being with Hindalco Industries Limited, the flagship metals company of the Aditya Birla Group and one of India's largest aluminium producers, reported its second-quarter results for the fiscal year 2024-25, showcasing a 7.45 per cent year-on-year increase in revenue from operations. Aluminium Bahrain...
On Friday, November 15, China’s finance ministry declared its plan to reduce or cancel export tax concessions for a wide range of commodities, including aluminium. As per the report, the measure will be effective from December 1, 2024. Image Source: Made-in-China For certain products like refined oil, photovoltaics, batteries, and non-metallic items, China has decided to reduce tax rebates from 13 to 9 per cent, while for aluminium and copper products, the country will cancel the concession. Following the news, aluminium prices soared in China as tax rebates would cover more than 5 million tonnes of metal exports worth RMB 17.7 billion. Analysts suspect that with this measure coming into effect, aluminium selling prices will increase further. Today, as of November 15, the metal price has...
Aluminium Co. of Egypt (Egyptalum), a subsidiary of the Metallurgical Industries Company and a leading player in the aluminium industry, has announced its fiscal results for the first quarter of FY2024-25 ended September 30, highlighting a striking increase in net profit and revenue. Image Source: Egyptalum According to the Q1 figures, Egyptalum yielded a net profit of EGP 4.23 billion after tax, up by 160 per cent Y-o-Y from EGP 1.63 billion. The company earned more profit in a single quarter than it secured in six months of the previous year. In the first six months of FY2024, Egypt Aluminium achieved a profit of EGP 3.43 billion , again up by 101 per cent Y-o-Y from EGP 1.7 billion. The above data shows a steady growth trend in Egyptalum’s net profit over the past two years. During the...
China’s aluminium production in October 2024 (31 calendar days) saw a year-on-year increase of 1.69 per cent and a month-on-month rise of 3.58 per cent, attributed to capacities back to operations in early October after technical renovations. However, some smelters unexpectedly delaying capacity resumption did offset the country’s monthly output, found the Shanghai Metals Market. Image Source: CRU The aluminium output hike in October could also be attributed to steady demand growth for downstream alloy products during the traditional peak season from September to October. In addition, China’s domestic primary aluminium price rally during October, reaching as high as RMB 21,080 per tonne, played a favourable role in metal production, providing the smelters an opportunity to make profits....
National Aluminium Company Limited (NALCO), the Navratna CPSE under the Ministry of Mines, has announced the second quarter fiscal results for FY2024-25, wherein it has posted a fourfold growth in net profit. From INR 206 crore (US$24.4 million) in Q2 FY2023-24, the company’s net profit this year increased to INR 1062 crore (US$125.7 million), up by 415 per cent Y-o-Y. In Q1, the company’s net profit had grown by 72 per cent annually from INR 349 crore (US$41.3 million) to INR 601 crore (US$71.14 million). In Q2, the sequential growth was 76.69 per cent. During the period under review, the company’s total income from operations was INR 4001 crore (US$473.6 million) – 32 per cent higher than INR 3044 core (US$360.37 million) during the corresponding period of the previous year. EBITDA in...
The Indian aluminium industry has once again knocked the government to remind about the increase of import duties on primary and downstream aluminium and to raise customs duty on aluminium scrap to restrict the inflow of low-quality scrap into the country. This urge to the government time and again is essential in the background of skyrocketing primary aluminium and low-grade scrap imports, particularly from countries with excessive production capacity like China, causing the domestic market to fight against uncompetitive prices and impeding investments in local production. In July 2024, ahead of the Union Budget, Indian aluminium producers had asked for an import duty hike on aluminium scrap to 7.5 per cent from the present 2.5 per cent. For primary aluminium, the demand was an import...
An industry group stated on November 13, 2024, that increased use of aluminium and recycled copper could assist China in managing its limited copper resources. This is because Chinese smelters face profit challenges due to constrained copper concentrate supplies. Ge Honglin, Chairman of the China Nonferrous Metals Industry Association (CNIA), stated, "The copper industry faces many uncertainties and severe challenges ... profit of smelters, in many cases, is not from copper but from byproducts with some already suffering loss." Global miners and smelters from the world's leading copper producers and consumers traditionally gather in Shanghai each November for the Asia Copper Week event. This gathering is crucial for negotiating copper concentrate contracts and establishing treatment...
Aluminium Bahrain B.S.C. (Alba) has reported a twofold increase in its Q3 profit for the calendar year ending December 31, 2024. Registering a 215 per cent hike Y-o-Y, Alba’s profit in the September quarter stood at BD54.5 million (US$145 million) versus BD17.3 million (US$46 million) in Q3 2023. Image Souce: Aluminium Bahrain The company’s aggregated year-to-date profit amounted to BD147.5 million (US$392.2 million), marking a Y-o-Y increase of 55.8 per cent from BD94.6 million (US$251.7 million). Alba revealed that its comprehensive income for Q3 2024 was BD51 million (US$135.6 million), up by 145.7 per cent from BD20.8 million (US$55.2 million) during the corresponding period of the previous year. The company’s total comprehensive income in nine months was BD145.3 million (US$386.5...
The Federal Government has facilitated signing a $3.5 billion agreement between BFI Group and China National Chemical Engineering Corporation (CNCEC) to revive the Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State. The agreement, signed on Monday, November 11, aims to restart operations at the ALSCON plant. About the signing ceremony The signing follows a meeting between the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, top officials of CNCEC, and Dr Reuben Jaja, Chairman of BFI Group and the government-approved core investor in ALSCON, during President Bola Tinubu's state visit to Beijing earlier this year. CNCEC, China's largest petrochemical engineering company, serves as a technical partner to BFI Group, USA, on the project. "It goes...
Ali Al Baqali, the chief executive officer of Aluminium Bahrain B.S.C. (Alba), has reportedly expressed his strong belief in an interview with Mubaseher Info that the company is going to become one of the biggest aluminium companies in the world, targeting diverse markets beyond Asia. Image Source: Aluminium Bahrain (Alba) Ali Al Baqali clarifies that Asia is not Alba's only focus area. He asserted, "Our vision is diverse, and we try to reduce the risks through being in different markets." Alba targets to pull 18 to 22 per cent of its sales from the global markets in Asia, the United States, and Europe. Currently, the local market contributes 25 per cent to Alba's sales. However, Alba's strategy may change if further pressure is felt on shipping costs and guarantees due to the ongoing...
Gautam Adani led Adani Group has declared an investment of over US$5 billion in setting up aluminium and steel businesses along with ramping up copper production in India. This is the second time that the group has invested such megabucks in the metal industry, wherein, for the first time in 2022, the enterprise declared an investment of US$5.2 billion in developing an alumina refinery in the eastern Indian state of Odisha. Image Source: https://www.adani.com/ On one hand, the recently announced investment plan will likely boost the group's infra business. It may also save on energy production costs by offering more affordable energy solutions than rivals. The Adani Group has come up with the funding for the nation's metals business 2 years after its grand entry and consequent success in...
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Hindalco Industries Limited, the Aditya Birla Group metals flagship and one of India's biggest aluminium manufacturing companies has announced the second quarter results for the fiscal year 2024-25, reporting a year-on-year hike of 7.45 per cent in revenue from operations. From INR 54,169 crore (US$6.418 million) in Q2 FY2024, Hindalco's revenue increased to INR 58,203 crore (US$6.896 million) in Q2 FY2025. On a quarterly basis, the company's revenue grew by 2.09 per cent from INR 57,013 crore (US$6.755 million). Hindalco's total revenue in H1 FY2024-25 stood at INR 115,216 crore (US$13.65 million), up by per cent Y-o-Y from INR 107,160 crore (US$12.7 million). In Q2 FY2025, Hindalco's profit was INR 3,909 crore (US$463,153), reaching the highest quarterly profit after recording a...
Iran's state-run metals and mining company IMIDRO announced on November 10 that the cumulative aluminium ingot output in four principal smelters in the country of South Aluminum Corporation, IRALCO, Almahdi Aluminium Company, and Iran Alumina Company attained 352,423 tonnes in the first seven months plus till October 21. Whereas, in the same period in 2023, the production was slightly high, 367,091 tonnes (a difference of 14668 tonnes). Image Source: Iran Alumina Company IMIDRO has disclosed that the nation's largest aluminium smelter, the South Aluminum Corporation (SALCO), has manufactured over 144,000 tonnes, which is close to 41 per cent of the country's total turnout from April to Octoberr, 2024. SALCO entered operation in 2018 as the Iranian government strategised to facilitate...
This week has brought notable progress in the upstream sector of the aluminium industry, encompassing bauxite, alumina, and primary aluminium. Australia's Metro Mining sets a new monthly record for bauxite shipments in October, reaching 69.5 per cent of its annual target. A key highlight was the increase in alumina prices reported by the Shanghai Metals Market, with the average price reaching RMB 5,391 per tonne. Donald Trump's return to the White House as the 47th President of the United States after defeating Kamala Harris in the 2024 election is already sparking speculation about the potential shifts in global trade policies and economic measures that could impact various industries, including the aluminium sector. Industry experts are keenly observing how his administration's approach...
Jiaxin New Materials Company has conducted a trial production of its new 7-series high-end aluminium alloy round ingot product. The development of this much-awaited product marks a significant milestone for the China-based company. The newly developed product is a high-strength aluminium alloy with zinc as its primary alloying element. It exhibits excellent plasticity following solution treatment, allowing it to serve as a steel substitute in high-temperature environments. In addition to being lightweight, this alloy offers superior corrosion resistance and weldability, making it ideal for aerospace, mould manufacturing, mechanical equipment, and various other applications. To achieve the successful development of this new product, the company mobilized its management and technical teams...
