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LME aluminium price falls 2% with cash at $3,137/t as backwardation hits 36-year high
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LME aluminium price falls 2% with cash at $3,137/t as backwardation hits 36-year high

The London Metal Exchange (LME) aluminium price chart reported sharp declines on the November 12 trading session after a temporary surge at the November 11 close. While cash plunged over 2 per cent, both near-term and longer-dated contracts posted over 1 per cent dip over the previous session. The LME aluminium cash bid as well as offer prices contracted 2.11 per cent day-on-day on November 12. The bid shifted from USD 3,223 per tonne to USD 3,155 per tonne. The offer price dipped from USD 3,223.5 per tonne to USD 3,155.5 per tonne. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid and offer prices on November 12 reported a 1.04 per cent...

ALEMA seeks removal of 8.25% aluminium import duty, calls for 10-year relief
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ALEMA seeks removal of 8.25% aluminium import duty, calls for 10-year relief

India's downstream aluminium manufacturers have urged the government to remove the 8.25 per cent import duty on primary aluminium, arguing that the existing tariff structure increases production costs and weakens their competitiveness. The Aluminium Extrusion Manufacturers Association of India (ALEMA) has also called for a 10-year period of duty relief to help domestic manufacturers, particularly micro, small and medium enterprises (MSMEs), strengthen their operations and expand capacity. The demand comes as the industry welcomes the Directorate General of Trade Remedies' (DGTR) decision to initiate an anti-dumping investigation into imports of aluminium extrusion profiles, structures and related articles from Malaysia, Vietnam and Thailand. However, the association believes that...

Steel prices climbs while aluminium cools as metals companies report Q3 results
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Steel prices climbs while aluminium cools as metals companies report Q3 results

Steel and aluminium markets moved in different directions during the third quarter of 2026, with carbon steel prices reaching multi-year highs while aluminium prices softened as expectations for future supply began to normalise. Recent financial results from metals companies, including Constellium SE and Ryerson Holding Corporation, reflect the changing pricing environment and its impact on business performance and market outlooks. Carbon steel prices continued to rally during the quarter, supported by trade policy, tight domestic supply, extended lead times and service centre inventories at multi-year lows, according to metals distributor Ryerson. Demand during the period was also stronger than anticipated. Aluminium prices, however, remained volatile and moved lower as expectations...

From furnace linings to molten-aluminium transfer, how advanced technologies are addressing challenges in aluminium production
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From furnace linings to molten-aluminium transfer, how advanced technologies are addressing challenges in aluminium production

Aluminium production depends on high-temperature processes where furnace efficiency, thermal management and equipment durability are essential for maintaining operational performance. However, refractory materials used in melting, holding and casting operations face continuous exposure to extreme temperatures, thermal fluctuations, chemical corrosion and mechanical wear. These conditions can lead to premature furnace-lining failure, molten-metal penetration, corundum formation and heat loss, increasing maintenance requirements and operating costs. Addressing these challenges requires materials that can withstand demanding operating conditions while keeping equipment efficient and reliable. Alkegen, a supplier of high-temperature refractory and insulation materials, serves this requirement...

EGA raises EBITDA margin to 30% despite Al Taweelah disruption, while targeting full smelter recovery by Q1 2027
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EGA raises EBITDA margin to 30% despite Al Taweelah disruption, while targeting full smelter recovery by Q1 2027

Emirates Global Aluminium (EGA) has strengthened its profitability despite a challenging nine-month period marked by operational disruptions, constrained exports and reduced aluminium production. The UAE-based producer reported an improved adjusted EBITDA margin for the first nine months of 2026, supported by higher realised aluminium prices, a stronger value-added product mix and cost-control measures. Meanwhile, the company is progressing with the restoration of its Al Taweelah facilities, expanding its international recycling footprint and advancing its global smelting technology partnerships. EGA recorded adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of USD 1.572 billion (AED 5.773 billion) during January-September 2026, compared with USD 1.738 billion...

Storvik wins Alcoa contract for automated anode rod repair at Norway Smelter
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Storvik wins Alcoa contract for automated anode rod repair at Norway Smelter

Storvik has won a contract to operate and maintain the automated anode rod repair system at Alcoa's Mosjøen aluminium smelter in Norway. The agreement extends a partnership that began in 2016, when the company introduced its In-Line Rod Repair (ILRR) system at the plant. Storvik Mosjøen, a subsidiary of Storvik group will now handle the operation of the robotic repair line and maintenance of the anode yokes processed through it. Storvik Engineering built the system, with both companies working together on its installation and commissioning. 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 " Anode rod assemblies are essential to primary aluminium...

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