Emirates Global Aluminium (EGA) has strengthened its profitability despite a challenging nine-month period marked by operational disruptions, constrained exports and reduced aluminium production. The UAE-based producer reported an improved adjusted EBITDA margin for the first nine months of 2026, supported by higher realised aluminium prices, a stronger value-added product mix and cost-control measures. Meanwhile, the company is progressing with the restoration of its Al Taweelah facilities, expanding its international recycling footprint and advancing its global smelting technology partnerships. EGA recorded adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of USD 1.572 billion (AED 5.773 billion) during January-September 2026, compared with USD 1.738 billion...
Storvik has won a contract to operate and maintain the automated anode rod repair system at Alcoa's Mosjøen aluminium smelter in Norway. The agreement extends a partnership that began in 2016, when the company introduced its In-Line Rod Repair (ILRR) system at the plant. Storvik Mosjøen, a subsidiary of Storvik group will now handle the operation of the robotic repair line and maintenance of the anode yokes processed through it. Storvik Engineering built the system, with both companies working together on its installation and commissioning. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Anode rod assemblies are essential to primary aluminium...
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According to a recent report, beer industry advocate Jim McGreevy slammed the US tariffs on imported aluminium, accusing that the retaliatory measures hurt brewers and the industry as a whole. He said in an interview to Hill. TV’s Krystal Ball and Buck Sexton: “When you have 6,000 brewers and growing every year, to put those jobs and that industry at risk for the chance of bringing back some jobs, we just don’t see it as the right solution.” McGreevy, the president of The Beer Institute, estimates that Trump’s tariffs have put at least 20,000 industry-dependent jobs at risk. “Aluminium tariffs were meant to bring back jobs that had left the country over the last 50 years for lots of reasons other than what’s happening in other parts of the world,” he said. In March 2018, President Donald...
Rio Tinto's BC Works smelter and Kemano Power Operations in British Columbia, Canada, have been certified for responsible production by the Aluminium Stewardship Initiative (ASI). The company’s aluminium operations in Canada have all been certified to the industry’s highest standards for responsible production, sourcing and stewardship of aluminium. Rio Tinto Aluminium chief executive Alf Barrios said "We are committed to leading the industry by meeting the highest international production standards and having ASI Certified Aluminium available to our customers globally, to respond to the increasing demand from end consumers for responsibly sourced products. "This is an essential step to unlock the full potential of aluminium as a key material in our modern world and grow its use in...
Xinfa Group, one of China’s top aluminium producers, has reduced production at its alumina plant in southern China’s Guangxi region due to tight bauxite SMM-BAUX-GUAXI supply. The news came after a company official and a consultancy reported this to Reuters. The Group has lowered the production by 500,000 tonnes on an annual basis, said the Xinfa official. He further added the plant has a total alumina producing capacity of 3 million tonnes per year. Consultancy Baiinfo said the daily production rate at the Xinfa plant went down from 7,600 tonnes to 6,100 tonnes. The official from Xinfa and from a privately held company with aluminium smelters in Shandong and Xinjiang informed the production cut would be applicable would be in place for at least a month. Earlier in November 2018, China's...
Chinese state-owned company China Hongqiao Group announced on Friday, February 1, that it would gradually recommence aluminium production from some of its pots after the shorter set of winter output curbs expired on January 31, 2019. During the winter heating season in November 2018, China Hongqiao Group was asked to close up its annual aluminium smelting capacity. The city of Binzhou in Shandong province, where all of Hongqiao’s 6.46 million tonnes per year of aluminium capacity is located, reportedly listed pot closures at five Hongqiao smelting facilities in a document outlining winter restrictions. Some of the closures which had a total production capacity of 8.5 per cent of that of Hongqiao’s were to cut production for December and January instead of the full four-months winter...
Vedanta Limited announced its unaudited consolidated results for the Third quarter ended 31 December 2018. The company reported record quarterly alumina production of 404,000 tonnes in Q3 FY 2019, up 16% q-o-q. Mr. Srinivasan Venkatakrishnan, Chief Executive Officer, Vedanta, said "We are pleased with the strong operational and financial results for the third quarter. We achieved record Zinc and Lead MIC volumes and silver production at Hindustan Zinc, and had the highest ever Alumina production. We saw structural reductions in Aluminium costs with increasing raw material linkages.” The company reported revenue of INR23,669 crore in Q3 FY 2019, up 4% from INR22,705 crore Q2 FY 2019, due to higher volume at Zinc India & Aluminium business and currency depreciation though was partially...
Ball Corporation reported 2018 net earnings attributable to the corporation of $454 million on sales of $11.6 billion, compared to $374 million net earnings attributable to the corporation on sales of $11.0 billion in 2017. Ball's full-year 2018 comparable net earnings were $775 million, from $728 million in 2017. In the fourth quarter of 2018, net earnings attributable to the corporation were $151 million on sales of $2.8 billion compared to $159 million on sales of $2.7 billion in the fourth quarter of 2017. John A. Hayes, chairman, president and chief executive officer said: "Our improved 2018 results were driven by growing global demand for our metal packaging products and aerospace capabilities, as well as numerous initiatives to lower corporate costs, and in the second half, were...
According to a report by Business Standard, Vedanta intends to cut down its aluminium production cost to US$1,700 per tonne from the current cost of US$ 1,900 per tonne. Per the report, the company aims to do this by the end of the financial year. Ajay Dixit, chief executive officer (CEO) of Vedanta’s aluminium and power vertical, said: “We are putting in place a plan to reduce our production cost by the end of this year. The work to this effect has already started.” Vedanta expects that this production cost cut will improve the viability of its aluminium business, especially in the backdrop of recent softening of metal prices on the London Metal Exchange (LME). The LME price of aluminium in April 2018 was at US$2,600 per tonne and now came down to US$1,870 per tonne by January-end of...
In December 2018, Indonesia imported USD 15.28 billion worth of goods from around the globe, up by 1.16 percent from a year earlier.Indonesia’s estimated imports of aluminium scrap increased in both volume and value in 2018 when compared to 2017 data. The USA continued to be the leading source of imported aluminium scraps. The estimated export volume in 2018 was at 60575 tonnes, an increase of 24927 tonnes from 35648 tonnes in 2017. The United Kingdom, Australia and Canada were the other suppliers of aluminium scrap to the country. Our own third party data show that Indonesia’s imports of aluminium scrap has been increasing for the last three years. The country imported an estimated 120132 tonnes of aluminium scrap in 2018, an increase of 35282 or 41.58% percent year on year. Indonesia...
Followed by two back-to-back rises, the A00 aluminium ingot price registers a drop today, on February 1, by RMB 90 per tonne, found Shanghai Metals Market. After increasing on 30 th of January and 31 st of January, the aluminium ingot price had reached RMB 13,390 per tonne, but after a plunge today the price came in at RMB 13,300 per tonne. This same ingot price in China was on the17 th of January. However, the average prices of aluminium ingot today are expected to range between RMB 13,280 per tonne and RMB 13,320 per tonne, with spot discounts to settle at RMB 80 per tonne to RMB 40 per tonne. The rise in primary aluminium social inventories yesterday by around 75,000 tonnes could be a possible reason for this ingot price drop today. In the east (Wuxi and Hangzhou), the aluminium ingot...
The US dollar index recovered on Thursday as the euro slid against the greenback after Jens Weidmann, the Bundesbank president and a member of the European Central Bank Governing Council, painted a bleak picture of the German economy, saying the country's slump will last longer than thought. LME base metals traded higher across the board on Thursday. LME aluminium inched up 0.08% and SHFE aluminium grew 0.2%. LME aluminium closed Thursday's trading at US$ 1880.50 per tonne. LME aluminium jumped past the 60-day moving average to a day-high of US$1,924 per tonne on Thursday before it lost most of those gains to end below the 60-day moving average at US$1,906.5 per tonne. SMM expects the contract to trade at US$1,890-1,920 per tonne today. LME aluminium is expected to see relatively weak...
The Aluminium Corp of China (Chalco) announced on Wednesday, January 30, that it was implementing “flexible production” on about 200,000 tonnes per year of capacity at its Shandong Huayu facility. High electricity tariffs, environmental restrictions, and market environment are some of the factors that prompted the Beijing-based state-owned company for this action. Shanndong Huayu Aluminium and Electricity, with capacity of 220,000 tonnes per year suspended all output on Wednesday, SMM learned. The plant’s capacity of 100,000 tonnes per tonne operated after production cuts in December and November. Huayu’s capacity cut of 50,000 tonnes per year in November was included in Chalco’s announcement of 470,000 tonnes capacity cut on November 30. Chalco had said to the Shanghai Stock Exchange...
Australian Bauxite Limited has begun mining and screening operations at its Bald Hill mine near Campbell Town, northern Tasmania, as it prepares for the next cargo of seaborne cement-grade bauxite. The company has worked with the customer for the 4 months to achieve the optimum product specifications. Australian Bauxite has awarded the contract for mining, processing and blending to Hazell Bros contractors. It has also commenced contract negotiations for transporting the product to the Bell Bay port. “ABx has long-standing relationships with experienced contractors that are well known for meeting the strict tonnage-specification targets and complying with community and landholder requirements.” “ABx has contracted with QUBE Logistics at Bell Bay for the stevedoring services and...
Some industry stalwarts at the International Conference on Aluminium (INCAL) opined that Odisha offered tremendous opportunities to investors to set up downstream aluminium industries. INCAL-2019, jointly organised by NALCO, Aluminium Association of India and the Ministry of Mines, is taking place in Odisha from January 31 to February 2, under the theme “MAKING ALUMINIUM….DRIVING GROWTH AND DEVELOPMENT”. Addressing the event, Industries Department Principal Secretary and IPICOL Chairman Sanjeev Chopra said, “Odisha is now among the top three investment destinations in India and the number one state when it comes to the investment implementation rate.” He further said, “As per Vision 2025 of the State Government, six focus sectors have been identified and efforts are underway to attract...
Emirates Global Aluminium announced the successful completion of a $6.5 billion term loan facility with a group of leading global and regional banks. Danny Dweik, EGA’s Chief Financial Officer, said: “This refinancing is another major step in the implementation of our capital structure strategy. Building on the previous transaction in 2015, this transaction further consolidates our debt at the EGA level, and strengthens our credit profile. Going forward, EGA will strive to further fortify its balance sheet and diversify its sources of financing.” The term loan facility amends, extends and upsizes the company’s existing $4.9 billion term loan facility agreed in December 2015 and will also be used to fully repay a $1.8 billion term loan facility extended to EGA’s subsidiary Dubai Aluminium...
Matalco Inc., a producer of aluminium extrusion and forging grade billet and rolling ingot slab manufactured primarily from scrap aluminium, announced that it will invest $80 million to construct a new state-of-the-art billet manufacturing facility in Wisconsin Rapids, Wisconsin. “This significant investment firmly demonstrates our continued and unwavering commitment to serve both our customers and prospective clients and expand our market share. After a lengthy selection process, we decided on Wisconsin Rapids as the site of our new plant because of its location relative to our market, its exceptional workforce, local investments in quality of life and the comprehensive incentive package and assistance provided from both the state and local levels,” said Tom Horter President Matalco Inc....
Social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, came in at 1.378 million tonnes as of Thursday January 31. This marked a growth of 75,000 tonnes from Thursday January 24, Shanghai Metals Market data showed. For the same period, stocks in Wuxi, Jiangsu and Hangzhou, Zhejiang rose by 24,000 tonnes and 14,000 tonnes to stand at 513,000 tonnes and 131,000 tonnes. Stocks in Nanhai, Guangdong and Gongyi, Henan increased by 29,000 tonnes and 8,000 tonnes to stand at 211,000 tonnes and 127,000 tonnes. The below chart indicates the current status of primary aluminium inventories across China: Most downstream consumers began their Chinese New Year break and this accounted for the increase in primary aluminium inventories.
Republican U.S. Senator Chuck Grassley on Wednesday called on the Trump administration to lift tariffs on steel and aluminum imports from Canada and Mexico before Congress begins considering legislation to implement the new U.S.-Mexico-Canada (USMCA) trade deal. The three countries on Nov. 30 signed the pact replacing the North American Free Trade Agreement (NAFTA), which governs more than $1.2 trillion in trade. The agreement must be approved by the U.S. Congress and Canadian and Mexican legislators before becoming law. “Unfortunately, our producers are unlikely to realize the market access promises of USMCA while the Section 232 tariffs on steel and aluminum imports from Canada and Mexico remain,” Grassley, chairman of the Senate Finance Committee, said in a statement. His committee is...
Can Makers, the trade body representing drinks can manufacturers in the UK, has launched a brand new website to showcase the benefits of drinks cans, reflecting the UK's growing demand for the sustainable pack format. Marcel Arsand, Chairman at the Can Makers says: “The can has been an unsung hero for too long, despite being the world’s most recycled pack format. Its future success is built upon strong industry education to raise its profile. We’ve created the new site to serve as a foundation: an easy portal to find everything in one place, whether in-depth market reports or quick contacts to help start the canning journey.” Launched in association with Metal Packaging Europe, the site debuts animated infographics and educational videos about the infinitely recyclable can, handy...
