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 China Customs data, the country’s aluminium strip, rod and shapes exports in December stood at 98,500 tonnes, up 31.7 per cent year-on-year and 3.34 per cent month-on-month. For the whole year of 2018, exports of aluminium strip, rod and shapes by China expanded 17.12 per cent and came in at 975,400 tonnes. The products are under HS codes of 76041090, 76042100, 76042990, 7604291 and 76041010. As for the aluminium alloy wheels, China exported 80,800 tonnes in December, up 2.5 per cent from a year earlier, showed data from China Customs. The graph below thus shows that China’s aluminium strip, rod and shapes exports were 22 per cent higher than the exports of aluminium alloy wheels in December 2018. However, although China’s exports volume of aluminium alloy wheels grew in...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased some 22,500 tonnes over the week ended Thursday January 31. Stocks of aluminium billets now stood at 110,200 tonnes. In Foshan and Guangdong and in Changzhou, Jiangsu, the billets stocks increased by 8,600 tonnes and 3,700 tonnes to stand at 60,000 tonnes and 16,700 tonnes respectively. In Nanchang, Jiangxi, the inventory stood at 12,400 tonnes, up by 4,800 tonnes. Chinese New Year break of more downstream buyers accounted for the increase in aluminium billet stocks. The price of aluminium alloys (ADC12) remained unchanged at RMB 14,850 per tonne today. This price has been continuing since January 21.
After almost two months, the spot price of bauxite recorded a change on January 28, according to Shanghai Metals Market. The bauxite price dipped by RMB 20 per tonne and stood at RMB 550 per tonne. Prior to this, the aluminium ore price was at RMB 570 per tonne from December 3, 2018, to January 27, 2019. Although the bauxite price remained restraint over the last two months at RMB 570 per tonne and even registered drop from RMB 590 per tonne towards the end of October and RMB 580 per tonne at the end November, yet it followed an overall upward trend compared to the first half of 2018. In the first half of 2018 (January to July), the bauxite price was between the range of RMB 380 per tonne and RMB 505 per tonne. However, the average prices on January 28 were expected to range between RMB...
The US dollar fell to a low not seen since January 11 after the Federal Reserve held interest rates steady as expected and sounded caution on the economy and future interest rate increases. LME aluminium rose 0.4% and SHFE aluminium nudged up 0.04%. LME aluminium closed Wednesday's trading at US$ 1871 per tonne. Shanghai Metals Market is expected to trade rangebound at US$1880-1919 per tonne today. As on January 30, LME aluminium cash (bid) price stood at US$ 1870.50 per tonne, LME official settlement price stands at US$ 1871 per tonne; 3-months bid price stands at US$ 1889 per tonne, 3-months offer price is US$ 1890 per tonne; Dec 19 bid price stands at US$ 2038 per tonne, and Dec 19 offer price stands at US$ 2043 per tonne. The LME aluminium opening stock decreased to 1289775 tonnes....
Aluminium has been the most talked-about non-ferrous metal in the year 2018 for many reasons. New tariffs, sanctions, trade wars on one hand; and developments and expansions on the other across the entire value chain emerged as non-avoidable circumstances in the year gone by. To start with, the temporary closure of Hydro’s Alunorte alumina refinery in Brazil and uncertainties surrounding U.S. sanctions on Rusal pushed up alumina price sky high driving the export market and boosting profits for integrated aluminium producers. Joining this, the levy of 25 per cent US tariffs on imported steel and 10 per cent on aluminium pushed the benchmark aluminium price on London Metal Exchange to its highest in almost 7 years at US$2602.5 per tonne in April 2018. Well, if the prices saw some...
According to The Financial Express report, India is likely to defer the levy of retaliatory tariffs to another 30 to 45 days from the revised deadline of January 31, 2019. This will be the fifth time that India would postpone its tit-for-tat duties worth close to US$235 million on 29 American products. New Delhi had initially planned to impose the retaliatory tariffs from August 4, 2018, but later on postponed to September 18, in a bid for the two nations to find a mutual solution. The Government then again deferred the deadline to November 2 and December 17. The Indian Government is repeatedly extending the tariffs deadline with an expectation to keep a tariff war between the two countries from flaring up, at least temporarily. Washington already raised the stake in its trade war against...
Being one of the world’s top aluminiumproducing countries, the United Arab Emirates’ import of alumina is expected to rise in 2019 after a year-on-year drop till last year. According to our third-party data, the UAE in 2016 had imported 1.67 million tonnes and from then on the volume dropped year-on-year till 2018. In 2017, the country’s alumina import had stood at 1.36 million tonnes, down 18.5 per cent from 2016. The phenomenon continued in the year 2018 as well, as the UAE imported 1.12 million tonnes, down 33 per cent from 2016 and 18 per cent from 2017. But this year, the country is expected to import a higher volume of alumina at 1.33 million tonnes, up 19 per cent from the previous year. According to the available data, India is estimated to be the top key supplier of alumina to...
Canyon Resources has reportedly appointed Steven Zaninovich as a non-executive director to strengthen its board with project development. Zaninovich comes with over 25 years of experience in the mining industry working in the development of multiple mining operations across various commodities and jurisdictions in West Africa. After serving as COO at Gryphon Minerals, he worked with the delivery and commissioning of lithium producer Tawana Resources’ Bald Hill project. Canyon Resources chairman David Netherway said: “I am extremely pleased to welcome Steven to our board. His extensive experience in successfully delivering projects together with his corporate roles makes him an ideal board member to add and compliment the expertise of the current board.” He further said: “With the current...
According to the data by the Ministry of Industry and Information Technology (MIIT), China’s total production of new energy vehicles (NEVs) in 2018 came in at 1.22 million units, up 50.7 per cent from 2017. Of that, the production of passenger vehicles stood at 994,000 units, up 80.7 per cent year-on-year. In December, the production of NEVs was at 226,000 units, up 16 per cent year-on-year and 17.7 per cent month-on-month. Two months before in October, some 146,000 units of new energy vehicles were produced across China, up 58.1 per cent from a year earlier. This brought the total production during January-October at 879,000 units, 70 per cent higher from the same period last year. This surge in NEVs production and sales indicates the rising demand and use of aluminium alloys. Chris...
LME base metals traded mixed on Tuesday and aluminium rose 1.6%. SHFE base metals performed similarly overnight and aluminium gained 0.5%. LME aluminium closed Tuesday's trading at US$ 1853 per tonne. After hovering in a tight range above the daily moving average during Asian trading hours, the contract broke through the 10-, five- and 40-day moving averages to a high of US$1,901 per tonne during European trading hours. It finished Tuesday night higher at US$1,898 per tonne, and is expected to trade rangebound at US$1,880-1,905 per tonne today. As on January 29, LME aluminium cash (bid) price stood at US$ 1852 per tonne, LME official settlement price stands at US$ 1853 per tonne; 3-months bid price stands at US$ 1875 per tonne, 3-months offer price is US$ 1875.50 per tonne; Dec 19 bid...
According to Shanghai Metals Market, Shandong Weiqiao Group reduced its prebaked anode purchasing prices by RMB 140 per tonne for February after it cut prices for January by RMB 1300 per tonne. This brought February’s purchasing prices to RMB 3,320 per tonne in cash and RMB 3,355 per tonne on acceptance. The prebaked anode price in east China market, however, remained the same at RMB 3,495 per tonne, as on January 30, 2019. The average prices are expected to range between RMB 3,395 per tonne and RMB 3,595 per tonne. The pre-baked anode price in the east China hovered at this price throughout the month of January, with no intermittent drops or rises. On the other hand, the A00 aluminium ingot price rose today, January 30, by RMB 70 per tonne to stand at RMB 13,360 per tonne, SMM found. The...
Shanghai Metals Market found that decline in primary aluminium prices today, on January 29, has fuelled purchasing enthusiasm among downstream consumers and triggered spot aluminium transactions across east-China as a result. The front-month aluminium contract on the Shanghai Futures Exchange pared some overnight losses earlier in the morning, but later lost those gains. Spot discounts in Shanghai were seen at RMB 60 per tonne to RMB 50 per tonne against the SHFE 1902 contract, compared to RMB 70 per tonne to RMB 60 per tonne as on Monday, January 28. In Shanghai, Wuxi and Hangzhou, spot transactions were at RMB 13,290 per tonne to RMB 13,300 per tonne, which indicates that traded prices fell some RMB 120 per tonne from Monday morning. With arbitrage opportunities, traders were keen to...
According to a Business Standard report, the increasing dumping of aluminium downstream products in the Indian market from China has adversely affected the domestic operation of these items. Moreover, decreased global prices and low export incentives in the Merchandise Exports from India Scheme (MEIS) are eroding export margins of the domestic downstream producers and therefore, threatening their survival. Unlike big primary producers, secondary players face the price disadvantage as they have to buy aluminium from primary makers at a premium of 14 per cent over London Metal Exchange prices and then compete with them in downstream product sales. Aluminium Secondary Manufacturers Association (ASMA) patron Anil Agarwal said in an email: “Chinese manufacturers, with the help of an export...
Turkey mostly exports aluminium rolled products globally. Assan Alüminyum is Tukey’s leading manufacturer in the flat rolled aluminium sector, producing flat rolled products (coil, sheet and foil) since its establishment in 1988. Assan Alüminyum accounts for more than half of the flat rolled aluminium production in Turkey and exports to more than 70 countries around the world. According to our third party data, Turkey’s aluminium plates, sheets and strips exports grew the last year 2018, from 169,377 tonnes in 2017 to 195,126 tonnes, up 15 per cent. In 2016, the export volume was at 209,594 tonnes, which indicates that even though Turkey’s export volume rose in 2018 from its previous year but stood down by 6 per cent from 2016. Consequently, Turkey’s exports to the United Kingdom rose in...
U.S. President Donald Trump's administration’s decision to lift sanctions on Oleg Deripaska’s aluminium conglomerate Rusal and its parent company En+ Group despite strong opposition raised Rusal’s shares in the exchange and pushed back the LME aluminium prices. The move sent the Russian stock index to an all-time and the Hong-Kong listed shares in Rusal, the world's largest aluminium producer outside China, hit their highest since April on Monday, January 28 after rising 9 per cent. Aluminum prices on the London Metal Exchange (LME) dropped as much as 1.4 per cent after the opening yesterday. LME aluminium fell and closed at US$ 1860 per tonne yesterday from US$ 1877.5 per tonne last week. When sanctions were announced in April 2018, benchmark aluminium price on London Metal Exchange shot...
Metro Mining has published its 4th Quarter Report. Bauxite production for the quarter was 743k wet metric tonnes (WMT). About 816k WMT bauxite was shipped in the quarter. The shipment volume remained same as the third quarter while production dropped slightly due to bad weather. Annualised production run-rate was about 2.5M WMT per annum for the second consecutive quarter. Strong performance helped the Bauxite Hills achieve its 2018 production guidance, with in excess of 2M WMT shipped to customers in China. Based on strong operating performance and strong customer demand, Metro upgraded production guidance for 2019 17% from 3.0M to 3.5M WMT. Mine EBITDA for the quarter increased to A$8.6M with more production and operational improvements. Transhipping activities continued to perform very...
Being a media partner of the twin-event ALUMINIUM INDIA 2019 and INCAL Conference, we hereby, would like to take the opportunity to remind you that the events will begin in a day on January 31 till February 2 in Bhubaneswar to offer a mega platform for exchanging ideas on latest technological advances in the Aluminium industry. The most important industrial regions- India, China, North America, and Europe will come together during the occasions. The renowned trade fair ALUMINIUM INDIA 2019 will connect the international aluminium industry with producers, processors, and customers from India in order to initiate investment projects and business relations. Currently, India is one of the fastest-growing aluminium markets, with significant expansions in primary and downstream capabilities,...
The US dollar changed little against a basket of currencies on Monday as traders were cautious ahead of the Federal Reserve's two-day policy meeting and trade talks between China and the US. Most LME base metals traded lower on Monday and aluminium fell 1.9%. SHFE base metals saw similar performance overnight and aluminium declined 1%. As the U.S. treasury lifted sanctions on aluminium giant Rusal and other Russian firms linked to oligarch Oleg Deripaska on January 27, LME aluminium fell and closed at US$ 1860 per tonne yesterday. LME aluminium fell past the 40-, five- and 10-day moving averages to close at US$1,868 per tonne after it jumped above the 60-day moving average to a day-high of US$1,914 tonne overnight. It is expected to weaken in a range of US$1,845-1,880 per tonne today. As...
