Core Viewpoint - The company COIL is facing significant financial challenges, including recurring losses and liquidity pressures, prompting auditors to request additional information regarding the going concern assumption [2][3]. Financial Situation - COIL has recorded significant losses in recent years due to stagnating turnover and high fixed costs [2]. - The company generated a business volume of €24.1 million in 2024, indicating a need for improved financial performance [6]. Measures Taken - The company is actively implementing measures to strengthen its financial position, which may include a possible capital increase, asset disposals, and debt restructuring [3]. - COIL is committed to providing the requested information to auditors within the appropriate timeframe [3]. Operational Impact - Currently, the situation has no impact on the company's ongoing operations [3]. Company Overview - COIL is the world's leading anodiser in the building and industrial sectors, operating under the ALOXIDE brand name [4]. - The anodising process enhances aluminium's properties, making it suitable for various industries, including architecture, design, manufacturing, and automotive [5].

2020年2月24日，澳大利亚反倾销委员会发布第2020/018号公告称，应澳大利亚企业Capral Limited提交 的申请，对进口自马来西亚的精轧铝型材启动反倾销调查。2021年4月29日，澳大利亚反倾销委员会终 止对马来西亚企业Superb Aluminium Industries Sdn Bhd的反倾销调查。2021年6月2日，澳大利亚反倾销 委员会发布第2021/033号公告，决定马来西亚涉案产品征收反倾销税，措施有效期至2026年6月2日。 据中国贸易救济信息网消息，2025年6月26日，澳大利亚反倾销委员会发布第2025/054号公告称，应澳 大利亚国内企业Capral Limited提交的申请，对进口自马来西亚的精轧铝型材[Aluminium extrusions (mill finish)]发起第一次反倾销日落复审调查。本案的倾销调查期为2024年4月1日至2025年3月31日，损害调 查期自2021年4月1日起。涉案产品的澳大利亚海关编码为7604.10.00.06、7604.21.00.07、 7604.21.00.08、7604.29.00.09、7604.29.00.10、7608 ...

Aluminium output hits a new monthly high in May, encouraged by elevated smelter margins and robust demand: Aluminium output in May rose c5% y-o-y to 3.83mt and y-t-d is up 4%, supported by the improved smelter margin given the substantial decline in raw material prices y-t-d, Alumina (-32%) and thermal coal (-20%). China aluminium inventory dropped c400kt over the past three months despite the robust supply, indicating strong downstream demand. Aluminium industry fundamentals look solid backed by the 45mt p ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha Citi Research 更多一手海外资讯和海外投行报告加V：shuinu9870 更多一手海外资讯和海外投行报告加V：shuinu9870 更多一手海外资讯和海外投行报告加V：shuinu9870 更多一手海外资讯和海外投行报告加V：shuinu9870 更多一手海外资讯和海外投行报告加V：shuinu9870 更多一手海外资讯和海外投行报告加V：shuinu9870 June 16, 2025 3Q'25 Commodities Market Outlook Gold's 'last hurrah', ME escalation, bullish EUAs, and structurally bullish aluminium Maximilian LaytonAC Global Head | Commodities max.layton@citi.com +44 20 7986 4556 Tom MulqueenAC Metals Strategy tom.mulqueen@citi.com +44 20 7986 4559 Anthon ...

Investment Rating - The report indicates a bearish outlook for the aluminium market, with expectations of a surplus extending through 2027, leading to lower price forecasts [8][12][20]. Core Insights - The global aluminium demand forecast for 2025 has been raised from 1.1% y/y to 1.8% y/y due to less severe impacts from the trade war, but forecasts for 2026 and 2027 remain largely unchanged [3][8]. - Indonesian aluminium production is expected to grow faster than previously anticipated, contributing to a market surplus of 1 million tonnes in 2026, the largest since 2020 [8][12][13]. - Cost deflation from lower alumina and energy prices is expected to exert downward pressure on aluminium prices, with forecasts indicating a decline to $2,100/t in early 2026 [8][27][28]. Summary by Sections Demand Forecast - The report has adjusted the global aluminium demand forecast for 2026 and 2027 downwards due to reduced solar demand, resulting in a decrease of 0.3/0.6% in total aluminium demand [3][20]. - The solar sector's demand for aluminium is expected to decline significantly due to new policies affecting solar installations in China [20][24]. Supply Outlook - The supply forecast for Indonesia has been upgraded, with three new smelters expected to be operational by mid-2026, increasing the supply forecast by 750/550kt in 2026/2027 [12][13][14]. - Indonesia is projected to account for 9% of ex-China aluminium production by 2030, up from 2% in 2024 [13]. Price Forecast - The aluminium price is expected to fall to a low of $2,100/t in early 2026, with a trading range of $2,150-2,550/t anticipated in subsequent years [8][27]. - Average price forecasts for 2026 and 2027 have been lowered to $2,230/t and $2,500/t, respectively, reflecting a more bearish outlook [8][35].

v e r s i o n l a u n c h Perspectives économiques de l'OCDE S'attaquer à l'incertitude, relancer la croissance Juin 2025 Volume 2025/1 Perspectives économiques de l'OCDE S'attaquer à l'incertitude, relancer la croissance Volume 2025/1 Juin 2025 PERSPECTIVES ÉCONOMIQUES DE L'OCDE JUIN 2025 VERSION PRÉLIMINAIRE IQUES MFILIFURP POUR UNE VIE MELLEURE Cet ouvrage est publié sous la responsabilité du Secrétaire général de l'OCDE. Les opinions et les arguments exprimés ici ne reflètent pas nécessairement les vues ...

Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 % of respondents seeing declining MoM order book % of respondents seeing improving MoM order book China PMI 2020-2022 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Se ...

Core Insights - A memorandum of understanding has been signed between Tawazun Council, RTX, and Emirates Global Aluminium (EGA) to establish EGA as a new producer of gallium, positioning the UAE as the world's second largest producer of this critical mineral [1][2] Group 1: Gallium Production and Applications - The initiative will create gallium extraction and refining capabilities at EGA's alumina refinery in Abu Dhabi [2] - Gallium is essential for various sectors, including semiconductors, electric vehicles, medical devices, and telecom infrastructure, and is critical for defense products such as advanced radars [3][5] - The agreement aims to secure a reliable supply of gallium for RTX and other companies in the aerospace and defense industry [4][5] Group 2: Strategic Importance and Future Plans - The project is seen as a pivotal milestone for the UAE's industrial development, enhancing its position in global gallium production [5][6] - EGA and RTX plan to conduct a feasibility study for a high purity gallium plant at EGA's Al Taweelah alumina refinery, which processes bauxite ore into alumina [4] - The development of gallium production aligns with the UAE's industrial growth strategy, Operation 300bn, creating an additional revenue stream for EGA [6] Group 3: Company Profiles - Emirates Global Aluminium (EGA) is the world's largest producer of "premium aluminium" and the largest industrial company in the UAE outside the oil and gas sector [9][10] - EGA operates globally with a fully integrated production process, from bauxite mining to aluminium production and recycling [11] - RTX is the largest aerospace and defense company globally, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [12]

Aluminium Premiums: Determining Fair Value; Hedge European Premium Upside We have developed an anchor and spread methodology to determine fair value for aluminium premiums, the price paid over the LME price to take physical delivery of metal. The anchor is set by identifying the premium that the buyer of last resort – an LME warehouse in Asia – will pay. We then build up the spread between this premium and the delivered aluminium premiums in the US and Europe. By our estimates premiums are trading close to ...

PRESS RELEASEBrussels, 2 May 2025 (17.45)World leader in aluminium anodising 2024 ANNUAL RESULTS IMPACTED BY A CHALLENGING MARKET ENVIRONMENT Revenues up +10.5% to €24.1m, driven by the implementation of the collaboration and licensing agreement in China.Net loss of (3.2) M€, impacted by increased operating expenses and non-recurring items (goodwill impairment).Net debt under control, representing 25% of equity at 31 December 2024. COIL, world leader in aluminium anodising, is reporting its annual results f ...