Emirates Global Aluminium (EGA) has been named a strategic partner of Dubai Future Week 2026, highlighting the aluminium producer's focus on industrial innovation, artificial intelligence and advanced manufacturing as the UAE looks to strengthen its future industrial capabilities. Organised by the Dubai Future Foundation (DFF), Dubai Future Week will take place from November 18 to 21, 2026, at Emirates Towers and the Museum of the Future under the theme 'For the Human of the Future'. The event is expected to attract more than 10,000 participants, including business leaders, policymakers, investors, entrepreneurs, innovators and technology experts from around the world. EGA's participation will bring attention to its ongoing industrial transformation, which includes developing proprietary...
The proposed acquisition of South32’s aluminium assets by Alcoa is bringing employment terms at Western Australia’s Worsley Alumina operation into focus. As the transaction moves towards completion, union members at the South West facility plan to hold a strike, seeking clarity on wages, incentive payments and working conditions. Members of the Electrical Trades Union (ETU) and the Australian Manufacturing Workers’ Union (AMWU) are preparing for a 12-hour stoppage on Tuesday, coinciding with a scheduled shutdown. Bonus guarantees emerge as key sticking point AMWU state secretary Steve McCartney mentioned that around 200 union members employed by South32 at Worsley wanted their remuneration secured before the proposed merger. While South32’s proposed wage increases were considered...
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Rusal 0486.HK expects China’s secondary aluminium production to almost triple by the end of 2030 if all announced recycling projects come into operation. Russian aluminium giant Rusal, the largest aluminium producer outside China, established an office in Shanghai last year, attempting to sell more low-carbon aluminium in Asia. If all announced recycling projects commence operation, China’s secondary aluminium output will grow from 7.6 million tonnes in 2020 to 20 million tonnes in 2030, Inga Simonenko, head of market intelligence at Rusal Marketing GmbH, told the online CRU World Aluminium Conference. Around 6.5 million tonnes of the total production in 2030 will be clustered in the southern Guangxi region, Simonenko's presentation showed. China aims to have carbon emissions peak by 2030...
Hindalco Industries Limited has cut its aluminium products price by INR 3,500 per tonne. With effect from Wednesday, 16 June 2021, aluminium billets and wire rods prices stand at INR 215,600 per tonne and INR 219,600 per tonne. This is down by INR 3,500 per tonne from June 12’s price of INR 219,100 per tonne and INR 223,100 per tonne on June 15. The company’s aluminium ingots price stands at INR 208,500 per tonne on Wednesday, 16 June 2021, down INR 3,500 per tonne from INR 212,000 per tonne on Tuesday, 15 June 2021. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2458.5 per tonne on Tuesday, June 15, down from US$ 2504 per tonne on June 14. Aluminium operations of...
China’s primary aluminium production fell month-on-month in May 2021 as restrictions on power consumption in the smelting hub of Yunnan forced production cuts, showed the National Bureau of Statistics on Wednesday, June 16. The world’s top producer of the metal produced 3.2 million tonnes in May, down 0.8 per cent from April’s record high output of 3.346 million tonnes but up 11.3 per cent on year. Daily average output in May stood 3.95 per cent lower at about 107,100 tonnes a day in May compared to 111,500 tonnes in April (30 days a month). Yunnan province in Southwest China was affected by severe drought last month, resulting in limiting its ability to generate electricity. It subsequently restricted aluminium producers’ power use, forcing some smelting capacity to be temporarily...
Vedanta has slashed its aluminium products price by more than 1% after marking a hike yesterday. With effect from Wednesday, 16 June 2021, the prices of some aluminium ingots have reduced by INR 3,500 per tonne to stand at INR 207,750-220,750 per tonne, from INR 211,250-224,250- per tonne on June 15. The billets price stands at INR 215,750 per tonne on Wednesday 16 June 2021, reflecting a drop of INR 3,500 per tonne from INR 219,250 per tonne on June 15. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2458.5 per tonne on Tuesday, June 15, down from US$ 2504 per tonne on June 14. Vedanta’s aluminium business typically accounts for one-third of the company’s...
The economy of Poland bounced backed strongly in Q3 after a sharp fall in economic activity in H1 2020. Real GDP grew by 7.9% Q-o-Q, primarily steered by a steep rebound in household consumption and a rise in exports, which empowered the trade balance. The economy pursued strong support into Q4 2020, but a surge in new Covid-19 infections and the reintroduction of restrictions to control the pandemic restrained the economic activity towards the end of the year, especially in the services sector. The Central European nation, Poland recorded an import of 54,872 tonnes of aluminium cans during 2019-20 and the expenditure occurred for the import was accounted for $262.79 million. In 2019, the import of aluminium cans remained at 29,630 tonnes and the expenditure counted was $138.75 million,...
Rio Tinto has teamed up with the Australian Renewable Energy Agency (ARENA) to study using hydrogen in alumina refineries to cut carbon emissions. The project involves a feasibility study into using clean hydrogen to replace natural gas in the calcination process of refining at the Yarwun alumina refinery in Gladstone. Rio Tinto will conduct a $1.2 million feasibility study, equally funded with ARENA through a $580,000 grant. ARENA CEO Darren Miller said, “If we can replace fossil fuels with clean hydrogen in the refining process for alumina, this will reduce emissions in the energy and emissions intensive refining stage of the aluminium supply chain. Exploring these new clean energy technologies and methods is a crucial step towards producing green aluminium. “This study will investigate...
SMM aluminium ingot price marked a decline after registering a hike for the fourth days in a row. The price dropped by RMB 130 per tonne to stand at RMB 18840 per tonne on Wednesday, 16 June 2021, from RMB 18970 per tonne on June 15. The price is expected to move within a range of RMB 18820-18860 per tonne today. In Foshan and Wuxi, the price declined by RMB 150 per tonne and RMB 125 per tonne to stand at RMB 18980 per tonne and RMB 18825 per tonne on Wednesday, 16 June 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 18830 per tonne and 18850 per tonne, down RMB 130 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18785 per tonne, RMB 18810 per tonne, RMB 18780 per tonne, and RMB 18790 per tonne on Wednesday, 16 June...
Operating rates across major aluminium processors in China dropped 0.7 percentage point week-on-week to 75.7 per cent in the week ended on Friday, June 11. But aluminium wire and cable outperformed other sectors, buoyed by backlog orders. Aluminium foil companies’ operating rates also grew slightly as wait-and-watch sentiment eased with smaller fluctuations of aluminium prices. Operating rates at aluminium extrusion and alloy producers showed signs of weakening as orders dropped slightly. Operating rates at major primary aluminium alloy enterprises stood flat from the previous week. Orders fell sharply, with many large producers reporting 10-25 per cent decline in production and sales in May when compared with normal levels. It is expected that operating rate will remain at a low level in...
The Greek business magnate and the chairman of the board of directors of Mytilineos Holdings, Evangelos Mytilineos announced that the agreement of Mytilineos with the biggest electric power company in Greece, PPC for the new and last contract for the supply of electricity at Aluminum of Greece during the regular annual general meeting of the shareholders of the listed company. The Chairman and CEO of the organization outlined that the agreement was satisfactory for both parties, marking down it will last until 2023 and highlighted that it will be the final in the 60 years of operation of the factory in Agios Nikolaos, Boeotia. Evangelos Mytilineos said: “We are divesting from PPC, something we were afraid to do for years.” He further added that post-2023 the plant will cover the...
Three-month LME aluminium fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading yesterday, with open interest increasing 8,499 lots to 718,000 lots, and is expected to trade between US$ 2,450-2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 45.50 per tonne or 1.82 per cent to settle at US$ 2,458.50 per tonne on Tuesday, June 15. 3-months bid price and 3-months offer price stood at US$ 2,449.50 per tonne, down by US$ 28.50 per tonne from US$ 2,478 per tonne. Dec 22 bid price and Dec 22 offer price decreased from US$ 2,456.50 per tonne on June 14 to US$ 2,428 per tonne on June 15. The LME aluminium opening stock declined from 1652850 tonnes to 1640200 tonnes. Live Warrants totalled 1097250 tonnes, while Cancelled...
The construction of the alumina refinery with a production capacity of 1 million tonnes per year in the Galang Batang Special Economic Zone has been accomplished, as confirmed by President Director of PT Bintan Alumina Indonesia (BAI), Santoni. The bauxite to alumina processing plant with 98% content has already completed its commissioning period. On 15th June, Santoni said: “The results of the production trial are good. We can already produce full production in June.” He expressed his gratitude to all stakeholders who have supported the development of the Galang Batang SEZ. PT Bintan Alumina Indonesia (BAI) is a Business Entity for the Development and Management of the Galang Batang SEZ in Bintan, Riau Islands Province. “Now we are building another Alumina Refinery with a capacity of 1...
Hindalco Industries Limited has raised its aluminium products price for the third time in a row. With effect from Tuesday, 15 June 2021, aluminium billets price and wire rods have come in at INR 219,100 per tonne and INR 223,100 per tonne, an increase of INR 1,500 per tonne from June 12’s price of INR 217,600 per tonne and INR 221,600 per tonne. Aluminium ingots price has increased by INR 1,500 per tonne to INR 212,000 per tonne on Tuesday, 15 June 2021, from INR 210,500 per tonne on June 12. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2504 per tonne on Monday, June 14, up US$ 14 per tonne from US$ 2490 per tonne on June 11. Aluminium operations of the company,...
Phinergy has received "Technology Pioneers” award from World Economic Forum. The company’s CEO, David Mayer, will now participate at World Economic Forum activities, events and discussions throughout the year. Phinergy will also be part of Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues. The company’s technology, which originated at Bar-Ilan University in Israel, provides a clean, affordable way to extract the energy contained in metals such as aluminium and zinc. It is used for critical infrastructure (telecom sites, data centres, commercial and industrial centres), range extension and fast charging for electric vehicles, and low-cost storage for renewable solar and wind energy. "We're excited to welcome Phinergy to...
The Australian Securities Exchange (ASX) has granted a trading halt to King River Resources ahead of the release of a pre-feasibility study (PFS) on its Kwinana High Purity Alumina project. As per our information, the trading halt will prevail in place till the commencement of regular trade on 17th June 2021 or when an announcement is unveiled to the market, whichever happens early. Como Engineers, the company’s contractors have accomplished the engineering studies to deliver detailed capital and operating cost estimates for the Kwinana HPA PFS. Como is concluding the engineering report as well as the layout graphics for inclusion while FTI Consulting accomplished the economic-financial model. The company has pursued scanning with government agencies and private owners for a suitable...
Leading global aluminium producer Rusal has applied to participate in the buyback of Nornickel shares, the world’s largest palladium and high-grade nickel producer and also a major producer of platinum and copper. Rusal is willing to participate in the repurchase of Nornickel shares to raise additional funds for financial its own investment programme. The Russian company is presently completing the construction of the Taishet aluminium smelter and preparing to rebuild the Krasnoyarsk, Irkutsk, Novokuznetsk and Bratsk aluminium smelters, which will require a capital investment of about US$5 billion to complete. The exact amount of Nornickel shares that will be repurchased by Nornickel from Rusal will be determined once the procedure is complete. Rusal expects that its stake in Nornickel...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices with effect from Friday, June 11, following a cut on June 8. NALCO raised its aluminium ingot price by INR 4,700 per tonne or 2.3 per cent to INR 205,650-209,150 per tonne. On June 8, NALCO’s aluminium ingot price stood at INR 200,950-204,450 per tonne, decreasing by INR 3,400 per tonne from the previous day. NALCO is currently selling its aluminium wire rod at INR 209,150-213,500 per tonne, also up by INR 4,700 per tonne from INR 204,450-208,800 per tonne. NALCO’s aluminium billets price came in at INR 209,100-211,750 per tonne, growing by INR 4,700 per tonne or 2.3 per cent from INR 204,400-207,050 per tonne on June 8. NALCO, like any other Indian aluminium producer, links its...
The world’s largest producer of low-carbon aluminium, En+ Group in conjunction with its metal segment represented by RUSAL has published research showing the vital role low-carbon aluminium will have to play to avoid embedded emissions spiralling under Korea’s Carbon Neutral Strategy. The paper forecasts a boom for the country’s downstream aluminium producers but warns of the need to transition to low-carbon sourcing as green industries in Korea increasingly look to align supply chains for products with their climate mission. Illustrating on market data analysis, the paper highlights an expected 20 % rise in aluminium demand in Korea between 2020 and 2025, reaching 1972 kt by the middle of the decade. The significant increase is driven by the rapid growth of carbon-sensitive industries...
The economy of Tanzania has prospered comparatively better than its regional peers, while the growth lost a bit of pace. The real gross domestic product (GDP) growth rate fell from 5.8% in 2019 to an estimated 2.0% in 2020, and per capita growth turned negative for the first time in more than 25 years. The East African nation’s import of aluminium foil during 2018-19 revealed 2462 tonnes and the revenue expended for the import accounted for $7.14 million. The import for 2020 stood at 2927 tonnes and the expenditure stood at $8.15 million. However, when the import volume and export of 2020 gets added to the exiting two years, it denotes 5389 tonnes and $15.29 million respectively. In 2018, Tanzania’s import of aluminium foil was recorded at 230 tonnes only and the expenditure occurred for...
