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Atlas Metals terminates UPSA acquisition as lithium and graphite deals take priority
Alumina

Atlas Metals terminates UPSA acquisition as lithium and graphite deals take priority

Atlas Metals Group plc has terminated its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), ending a transaction first announced in June 2025, as the company shifts its acquisition focus towards lithium and graphite assets in Africa and South America. The natural resources and energy company said the decision followed recent due diligence difficulties and actions by UPSA representatives that it believes materially changed the merits and viability of the transaction. Atlas Metals is also seeking to recover material amounts owed to it by UPSA. The proposed acquisition was initially announced on June 17, 2025, with the signing of a conditional share purchase agreement (SPA) disclosed on September 10, 2025. However, the company has now decided to terminate the agreement,...

Alumina

Global alumina production remains below 2025 levels despite a Q3 rebound, reaching 114 million tonnes in 9M2026

The third quarter brought a clear improvement in global alumina production. It did not, however, bring production back to the level recorded a year earlier. Global alumina output has reached 114.625 million tonnes in the first nine months of 2026, down 330,000 tonnes or 0.29% (114.955 million tonnes in 2025) year-on-year. China's estimated production increased, but declines across most other reporting regions erased that gain. The quarterly sequence reveals how the production gap has developed. In the July to September 2026 quarter, alumina output reached 39.396 million tonnes, an increase of 5.54% over the preceding quarter. Yet the same quarter in 2025 had delivered 39.675 million tonnes. The latest production total was therefore 279,000 tonnes lower Y-o-Y. The first quarter of 2026...


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Century Aluminum gets a production boost as Iceland smelter restarts, lifting Q3 performance
Downstream

Century Aluminum gets a production boost as Iceland smelter restarts, lifting Q3 performance

Century Aluminum Company reported stronger financial results for the third quarter of 2026, as the restart of Line 2 at its Grundartangi facility in Iceland helped increase aluminium shipments, net sales and profitability. The production recovery, combined with favourable realised metal prices, supported a rise in net income to USD 302.6 million, compared with USD 249.3 million in the second quarter. The company's net sales reached USD 961.2 million during the quarter ended September 30, 2026, marking a sequential increase of USD 209.1 million. Aluminium shipments also climbed to 173,483 tonnes from 130,632 tonnes in the preceding quarter, reflecting the contribution of Line 2 returning to near-full production during the reporting period. The improvement in earnings was primarily driven...

Downstream aluminium producers' operating rates increased slightly this week, and the divergence between sectors continues
Downstream

Downstream aluminium producers' operating rates increased slightly this week, and the divergence between sectors continues

This week, the operating rate of major aluminium processors in China remained stable with a slight overall rebound, rising 0.1 per cent month-on-month. Performance was mixed across sectors, as the industry continues a moderate recovery trend. The operating rate for primary aluminium alloys climbed 0.6 percentage points to 61.4 per cent, driven by improved order volume and year-end momentum from automakers to meet their annual targets, with a positive short-term outlook. The operating rate for aluminium wire and cable rose 0.4 percentage points to 64.8 per cent, supported by recovering photovoltaic demand and restored margins, although the sustainability of the upward trend remains to be seen. The operating rate for secondary aluminium rebounded 0.6 percentage points to 53.9 per cent, with...

South32 maintains June 2027 timeline for Alcoa's acquisition of aluminium assets
Primary AL

South32 maintains June 2027 timeline for Alcoa's acquisition of aluminium assets

South32 expects the sale of its aluminium value chain assets to Alcoa to be completed in the six months ending June 2027. The proposed transaction covers its aluminium operations and related bauxite and alumina assets in South Africa, Australia and Brazil. The sale follows a binding conditional agreement signed by the two companies, under which Alcoa agreed to acquire the assets for up to USD 5.6 billion . The assets include South32's Hillside Aluminium smelter and the idled Bayside smelter in South Africa, its interests in the Boddington bauxite mine and Worsley alumina refinery in Australia, and the Mineração Rio do Norte bauxite mine and Alumar alumina refinery and aluminium smelter in Brazil. Explore the production, demand and consumption forecasts of bauxite and alumina in our...

Novelis Q2 sees net sales rise 25% while rolled product shipments fall 2%
Downstream

Novelis Q2 sees net sales rise 25% while rolled product shipments fall 2%

Novelis reported a 20 per cent year-on-year increase in adjusted EBITDA to USD 508 million in the second quarter of fiscal year 2027, while rolled product shipments declined 2 per cent to 919,000 tonnes. Net sales rose 25 per cent to USD 5.9 billion from USD 4.7 billion in the corresponding quarter last year, mainly due to higher average aluminium prices. Higher shipments of beverage packaging and aerospace products were partly offset by lower volumes in automotive and speciality products. Net income attributable to Novelis' common shareholders increased 29 per cent to USD 210 million, compared with USD 163 million a year earlier. Excluding special items, net income also rose 29 per cent to USD 146 million. Explore further insights and forecasts for the aluminium flat rolled products...

LME aluminium cash price rises 0.8% to $3,160/t on November 5 as stocks decline
Primary AL

LME aluminium cash price rises 0.8% to $3,160/t on November 5 as stocks decline

LME aluminium cash prices recorded an increase on November 5, 2026, with the cash offer price rising by 0.80 per cent day on day to USD 3,160 per tonne from USD 3,135 per tonne on November 4. On November 5, the LME aluminium cash bid price stood at USD 3,158 per tonne, up by 0.75 per cent from USD 3,134.5 per tonne recorded on November 4. The cash offer price increased by USD 25 per tonne. Similarly, LME aluminium 3-month prices moved higher. The 3-month bid price rose by 0.78 per cent to USD 3,097 per tonne on November 5 from USD 3,073 per tonne on November 4. The 3-month offer price increased by 0.76 per cent to USD 3,097.5 per tonne from USD 3,074 per tonne. For December 27 contracts, the bid price advanced by 0.33 per cent to USD 2,997 per tonne on November 5 from USD 2,987 per tonne...

A turnaround on the balance sheet: Indus Aluminium Recyclers returns to profit
Recycled AL

A turnaround on the balance sheet: Indus Aluminium Recyclers returns to profit

Indus Aluminium Recyclers Limited returned to profitability in the half year ended September 30, 2026, reporting a net profit of INR 1.73 million (USD 18,300), compared with a loss of INR 20 million (USD 211,900) in the corresponding period last year. The turnaround came despite a decline in revenue, as a substantial reduction in reported expenses helped improve the company's financial performance. Revenue from operations slipped to INR 129 million (USD 1.37 million) from INR 134.3 million (USD 1.42 million) in the first half of the previous financial year. However, total expenses declined to INR 129.4 million (USD 1.37 million) from INR 161.7 million (USD 1.71 million), allowing the company to move back into profit. Sharp reduction in other expenses supports profitability The most...

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NALCO reports Q2 FY27 net sales of INR 53.8b, up 26.2% year-on-year
Primary AL

NALCO reports Q2 FY27 net sales of INR 53.8b, up 26.2% year-on-year

Net sales of National Aluminium Company Limited (NALCO) rose 26.2 per cent year-on-year to INR 53.80 billion (USD 567 million) in Q2 FY2026-27, compared with INR 42.6 billion (USD 449 million) in the same quarter last year. The company is set to discuss its unaudited results for the quarter and half-year ended September 30, 2026, during an earnings call scheduled for November 3. NALCO’s total income reached INR 56.7 billion (USD 598 million) in Q2 FY27, an increase of 27.5 per cent year on year. Operating expenses stood at INR 30.1 billion (USD 37 million), while earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to INR 26.6 billion (USD 280 million). Net sales in the preceding quarter, Q1 FY27, were INR 52.7 billion (USD 556 million). Explore the production,...

India’s PG Foils and Bahrain join hands to build high-value aluminium foil plant
Downstream

India’s PG Foils and Bahrain join hands to build high-value aluminium foil plant

India-based PG Foils Limited plans to establish a downstream aluminium manufacturing facility in Bahrain, focusing on electric vehicle (EV) battery foil and pharmaceutical foil production. The proposed investment is expected to expand the kingdom’s aluminium downstream capabilities and strengthen its manufacturing base. Bahrain’s Ministry of Industry and Commerce signed a letter of intent with PG Foils for the project. The agreement was signed by Industry and Commerce Minister Abdullah bin Adel Fakhro and PG Foils Joint Managing Director Sahil Shah during the fourth edition of the Gateway Gulf expo, which opened on November 1 in Manama. Explore: The most comprehensive and forward-looking industry-focused report – Aluminum Foil Market Report Forecast Till 2035 Hosted by the Bahrain...

Tesla’s Optimus needs a brain, a battery and a whole lot of aluminium
End User

Tesla’s Optimus needs a brain, a battery and a whole lot of aluminium

Tesla's ambitions for its Optimus humanoid robot extend well beyond factory automation, with the company envisioning a future in which robots could support vehicle servicing, logistics and even last-mile delivery. However, turning that vision into a commercially viable product will require more than advances in artificial intelligence and robotics. It will also depend on access to aluminium, critical minerals and the downstream manufacturing capabilities needed to produce increasingly sophisticated hardware at scale. Tesla has already taken an important step towards that ambition. On October 21, 2026, the company announced that Optimus production had begun on its high-volume manufacturing line in Fremont, California. Tesla described the units coming off the line as its first...

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