Products & Markets

Market Dynamics Support Aluminium’s Medium‑Term Outlook
- Pricing: Aluminium prices touched multi-year highs early 2026 amid the Mozal smelter closure and elevated copper levels. While modest softening is expected later in 2026, prices should remain in the US$2,650-2,750/t range, well above historical norms.
- Demand: Global aluminium consumption continues to be underpinned by structural demand, particularly in North America and Europe. In China, demand is increasingly supported by growth in energy transition-related applications, including battery storage.
- Supply: Supply tightness is expected to persist in the near to medium term. While additional capacity is planned in parts of Asia, production growth remains constrained by regulatory and structural limits, particularly in China, where smelter capacity remains close to national ceilings.

- Premiums: Regional premiums remain resilient, supported by supply constraints and evolving market structures. While some regional variation is expected, premiums are projected to remain structurally elevated over the near term.
- Key Takeaway: Aluminium’s medium-term fundamentals remain robust, supported by disciplined supply growth and accelerating demand from energy transition and industrial application.

Sales by Geographic Footprint
Americas

15.1%

Europe

26.7%

Mena

16.8%

Bahrain

30%

Asia

11.4%

70%

of Alba products are exported worldwide through its Sales offices in Zurich & Singapore as well as Subsidiary in Atlanta - US

Sales Chart

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Net Finished Production

1,623,139

metric tonnes (MT), +0.05% YoY

Metal Sales’ Volume

1,613,360

metric tonnes (MT), +0.11% YoY

Value-Added Product (VAP) Sales

1,195,788

metric tonnes (MT), +3.3% YoY

Value Added Sales

74%

up from 72% in 2024

Sales’ Breakdown by Product-Line

Billets

Liquid

Foundries

Standard / T-Ingots

Slabs

High Purity Metal

74%

VAP Sales