Global aluminium smelter asset cost summary
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Report summary
Table of contents
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Aluminium smelter asset cost service - Q2 2025 update
- Declining operating costs are set to boost smelter profitability in 2025
- Declining alumina and energy outweight the increase in anode materials costs
- Global power tariffs ease from 2022 highs, but trends vary by region
- Global reliance on self-generated power is expected to decrease as smelters shift toward grid power and PPAs to embrace a greener energy mix
- The market is likely entering a phase where aluminium prices and production costs are increasingly diverging, enhancing the industry’s overall profitability
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