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...
Grow with
AL Circle
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...
In the background of growing social inventories of primary aluminium by around 31,000 tonnes over the weekend and low transactions in the spot market, the A00 aluminium ingot price has recorded a plunge today, January 29, by RMB 120 per tonne. According to Shanghai Metals Market, yesterday, on January 28, the price was at RMB 13,410 per tonne and today after the drop it hovers at RMB 13,290 per tonne. This takes the price again close to as low as it was in the mid of this month. The average prices today are expected to range between RMB 13,270 per tonne and RMB 13,310 per tonne, with spot discounts to settle at RMB 90 per tonne to RMB 50 per tonne. While this significant plunge has touched all the major markets in China, the A00 aluminium ingot price in the east (Wuxi and Hangzhou) has...
Emirates Global Aluminium (EGA) has reportedly entered the final stages of commissioning for its Al Taweelah refinery. The first alumina production at the plant is expected to be in the first half of this year. Abdulla Kalban, managing director and chief executive of EGA said in a statement on Monday: “We are making good progress with the complex process of commissioning the refinery.” He also said, “We are looking forward to beginning production and ramping up this project, which, along with our Guinea mine, will transform EGA into an integrated global aluminium producer.” Commissioning is a detailed process of testing equipment and systems in a new plant before start-up. In December, EGA had announced the completion of commissioning process of the calcination section of its alumina...
Global Aluminium Foil Roller Initiative (GLAFRI) has re-elected Göksal Güngör as President for a second term. Mr Güngor also serves as General Manager of Assan Alüminyum in Turkey and he had served as a Vice-President in GLAFRI before his election in 2018. The election and vote of confidence took place during 5th Global Aluminium Foil Roller Conference (GLAFCO) 23-25 January 2019 in Dubai, UAE. GLAFRI General Assembly also confirmed Olaf Müller of Hydro (Europe), Patrick Lawlor of Gränges (USA) and Simon Chan of Xiashun (China) in their positions as vice presidents and they will continue to serve on the GLAFRI Board. “I am delighted and honoured to be asked to continue to serve GLAFRI as its President and hope to continue with the many exciting projects we have initiated“, said Mr Güngör....
According to Shanghai Metals Market, spot aluminium transactions across eastern and southern markets kept muted on Monday, January 28, as most downstream consumers began their Chinese New Year break. This is the last week before the most important Chinese festival begins. The front-month aluminium contract on the Shanghai Futures Exchange weakened in morning trade. In Shanghai, spot discounts were at RMB 70 per tonne to RMB 60 per tonne, compared to RMB 80 per tonne to RMB 60 per tonne on Friday morning, January 25. Spot transactions in Shanghai, Wuxi and Hangzhou were seen at RMB 13,410 per tonne to RMB 13,430 per tonne. Trade prices were up close to RMB 20 per tonne from Friday morning. In Guangdong, spot transactions were heard at RMB 13,440 per tonne to RMB 13,450 per tonne, with...
A Navaratna CPSE under Ministry of Mines National Aluminium Company Limited (Nalco) has reportedly aimed at achieving a net profit of over INR 1,600 crore and revenue of INR 12,000 crore during the on-going fiscal 2018-19. The news came after the company’s CMD Dr. Tapan Kumar Chand said: "We have a corporate plan to increase the turnover from the existing level of Rs. 10,000 crore to Rs. 30,000 crore. This year itself, we are likely to register a gross turnover of more than Rs. 12,000 crore." He further said the company aims to register a net profit of INR 1,600 crore as it eyes to 1 million tonnes of more alumina production and 1.2 million tonnes of more aluminium production. During the financial year 2017-18, Nalco had recorded a 10-years high net profit of INR 1,342 crore, up from INR...
Australian Bauxite Limited announced that they would ship about 30,000 tonnes of Tasmanian bauxite from the Bell Bay port around March 1. The cement grade bauxite will be from Australian Bauxite’s Bald Hill mine, near Campbell Town. The negotiations with the customer took three months as Australian Bauxite offered new products to the customers and they worked with the consumers to achieve the “optimum product specifications”. The process took longer time than usual. “We provided samples from a suite of possible products, all prepared at our laboratory, supervised by operations manager Nathan Towns …,” the company statement said. The company had started contract negotiations for mining, processing and blending at the mine site. The company was also expected to resume the sales of...
The building and construction sector is seeing a rapid growth across the world driving the use and applications of aluminium products like rod, wire, cable, and conductor. The global aluminium wire market continues to grow at a fast pace, which is expected to grow at a CAGR of almost 2% through 2021. Bahrain has emerged as the world’s largest aluminium wire producer and the top aluminium wire exporter over the recent decades. Since the leading aluminum producers in Bahrain are focusing on value-added products and developing profitable downstream sectors, Bahrain’s production and exports of aluminum wires are expected to grow further over the next few years, and so do the business opportunities in Bahrain’s aluminum wire market. Our third party data shows that in tandem with Bahrain’s...
As the most awaited move in the aluminium market, US Treasury on Sunday lifted sanctions on aluminium major Rusal and other Russian firms linked to oligarch Oleg Deripaska. Though there was pressure from the Democrats on the administration to continue with the sanctions, finally the sanctions were lifted with the fulfilment of the conditions. Advocates for sanctions had argued that Deripaska, an ally of Russian President Vladimir Putin, retained too much control over the companies to lift sanctions imposed in April to punish Russia for a number of political and diplomatic actions. Some lawmakers from both parties were also not in favour of lifting the sanctions. The U.S. Treasury Department, in its statement said that the three sanctioned companies had reduced Deripaska's direct and...
The US dollar index fell to a week-low on Friday, as traders refocused on the Federal Reserve's policy meeting next week when the US central bank is expected to keep interest rates unchanged. LME base metals traded higher on Friday. LME Aluminium climbed over 1%.SHFE base metals performed similarly and aluminium increased by some 0.4%. LME aluminium closed last week’s trading higher at US$1866.5 per tonne on Friday January 25. Following losses in the US dollar, LME aluminium shrugged off resistance at the 60-day moving average to the day’s high of US$1,919 per tonne before it lost some gains to end at US$1,905 per tonne on Friday night. It is expected to weaken in a range of US$1,880-1,905 per tonne today as the U.S. treasury lifted sanctions on aluminium giant Rusal and other Russian...
The US Treasury Department announced on Sunday, January 27, that it removed sanctions on Rusal, the Russian energy giant that owns Aughinish Alumina in Limerick, in a move welcomed by the Irish Government. In December, the US Treasury had announced its intention to remove the sanctions against Rusal, the Russian parent company of Aughinish Alumina, but on a condition that Russian billionaire Oleg Deripaska had to relinquish control of the company. So, as part of the deal, the three Deripaska companies - Rusal, En+ and power firm EuroSibEnergo agreed to restructure to reduce Deripaska’s stakes. Following the board restructuring agreement, Rusal’s board chairman Mattias Warnig also resigned from his post, as per the report from Reuters. The Irish Government had also lobbied US officials to...
Social inventories of primary aluminium in China have further extended a growth over the weekend ended on Monday, January 28, as some downstream consumers begun Chinese New Year break resulting in lowered consumptions, Shanghai Metals Market (SMM) found. Thus, after a further rise, the inventories across eight major Chinese consumption areas, including SHFE warrants, have come in at 1.334 million tonnes, up 31,000 tonnes from Thursday, January 24, SMM data showed. In Wuxi and Jiangsu, the primary aluminium inventories have increased from 489,000 tonnes to 502,000 tonnes, up 13,000 tonnes but in Shanghai, the inventories have dropped by 1,000 tonnes from 300,000 on January 24 to 299,000 on January 28. However, in Nanhai and Guangdong, and Hangzhou and Zhejiang, the inventories have grown...
As the temperature soared above 40 degrees, it triggered power outages on Australia's strained grid on Friday. Demand for air-conditioning soared and coal-fired generators struggled to meet the surge in consumption leading to power shortage. To manage the power shortage, Australian Energy Market Operator (AEMO) cut power to Alcoa Corp's Portland aluminium smelter, the biggest power consumer in the state of Victoria for two hours on Thursday and Friday. Wholesale power rates in Victoria hit the market cap of A$14,500 ($10,298) per megawatt hour (MWh) before midday on Friday, earlier than expected, then dropped to A$300. AEMO Chief Executive Audrey Zibelman said that despite the additional power from the states of Tasmania, New South Wales and South Australia, they were short of supply and...
Alcatel Submarine Networks (ASN) reveals that it is now supplying aluminium conductor cable for submarine networks. The company also says that it has paired with Facebook on the new conductor cable technology, including the successful completion of testing and qualification programme. According to ASN, the use of aluminium is more cost-effective than copper for repeatered subsea networks while delivering equal performance. Moreover, the former is lesser expensive as well, as a raw material, and enjoys a more stable supply environment. It also has a potential to become faster to produce and enable cable designs with low direct current resistance (DCR) and a higher number of fibre pairs. Besides, the aluminium conductor approach provides other benefits as well, says the company. The...
Constellium N.V. is reportedly supplying front Crash Management Systems and other aluminium structural components to the new Mercedes-Benz A-Class from its plants in Gottmadingen, Germany, and San Luis Potosí, Mexico. The news came after the company itself declared about this on Thursday, January 24. Aluminium Crash Management Systems improve vehicle safety in the event of a collision. It protects not only the occupants but the vehicle as well, owing to the superior energy absorption and crash behaviour. Needless to say, aluminium is a natural choice of metal for any automaker for producing lighter, safer, and more fuel-efficient vehicles. General Manager of Constellium’s Automotive Structures business Lionel Chapis said: "We are very proud to supply the new Mercedes-Benz A-Class with our...
FUJIFILM North America Corporation, Graphic Systems Division has announced that it has received tariff exclusions on its aluminium offset printing plates. It is the only major printing plate manufacturer in the U.S. to be excluded from tariffs. Fujifilm has argued actively over the unfair inclusion of aluminium offset printing plates under import tariffs to convince the Federal Government that it is an unfair burden on the graphic arts industry. The company has received exclusions on the majority of the 147 Exclusion Requests it filed a few months ago. “Although the current Federal Government shutdown prevents Fujifilm from receiving further updates as to the status of our remaining Exclusion Requests and the process, timing and amount of refunds Fujifilm can expect on tariffs paid since...
According to a recent report, Altech Chemicals has secured the development order for construction of its high purity alumina plant in Johor, Malaysia. Site establishment works such as hoarding of the entire site, establishment of the site office, and construction of access ways are now thus underway. Following this, stage 1 construction works will start. The stage 1 construction works include bulk earthworks, construction of retaining walls, and a maintenance workshop. Management said most of the works have been outsourced to German engineering, procurement and construction contractor, the SMS group. The site layout and building design was finalised in early November last year, based on the recently completed site geotechnical survey, as reported. The final site layout comprises three...
According to the available data, Belgium’s aluminium scrap import in Q1 2018 had stood lower at 72,954 tonnes, compared to 84,174 tonnes in the same period of 2017. Nevertheless, the total volume of import through 2018 was estimated to record higher at 299,165 tonnes. However, now after the end of the year 2018, the data found that the total volume of aluminium scrap import by Belgium in the said year pegged at 268,715 tonnes while that in 2017 at 295,073 tonnes. This represents a year-on-year drop in Belgium scrap import by 9 per cent. In 2016, the import volume was at 278,247 tonnes; hence, indicates that 2017 witnessed a year-on-year growth, unlike last year. In tandem with this, the country’s aluminium scrap import from France in 2018 also dropped from 76,084 in 2017 to 74,998 tonnes....
