Alcoa Cuts 2026 Alumina Output Forecast, Shares Fall After Earnings Miss Estimates

Guinea picked Glencore as offtaker to buy bauxite produced by state-owned Nimba Mining Co., as the West African nation looks to manage more closely export flows of the aluminum feedstock. Glencore was chosen through an international tender, Minister of Mines and Geology Bouna Sylla said in an interview in the capital, Conakry. “Talks to finalize the terms of the contract are ongoing,” Sylla said. While Nimba Mining Co. is a wholly state-owned company, “the aim is to turn it into a mining champion,” the minister said. The company has exported 4 million tons of bauxite this year, and plans to ramp up to between 8 million and 10 million tons for the full year before increasing to 12 million tons in 2027, Sylla said.

Aluminum futures continued to rise, and spot trading sentiment in the central China market slightly cooled. Downstream processing enterprises, constrained by insufficient orders and the continuous increase in aluminum prices, maintained low purchase willingness throughout. Only trading firms engaging in both spot and futures market purchased for arbitrage. However, against the backdrop of rapidly narrowing premiums, the number of sellers increased, and the firmness of quotations declined somewhat. Ultimately, the actual transaction price range in the central China market centered around a premium of -120 to -140 yuan/mt against the SHFE aluminum August contract.

Maruti Suzuki India Ltd.’s Chairman RC Bhargava said the Indian car industry would grow to 6.1 million to 6.3 million units by fiscal year 2030-2031. The share of the small-car market would grow significantly faster than it has over the last five years. Bhargava shared this in his message to shareholders in the company’s 2025-2026 annual report. Maruti Suzuki India Limited is the Indian arm of Japanese automaker Suzuki Motor Corporation. It is the largest automobile manufacturer in India, specialising in small cars.