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
...BL reported that Bhoruka Aluminium Limited has informed the BSE that the board of directors of the company at its meeting held on December 3rd 2010 issued and allotted 1,122,628 Global Depository Receipts at USD 9.25 each underlying 11,226,280 equity shares of INR 10 each at INR 41.10 each to The Bank of New York Mellon in its capacity as a depository...
...The re-activation of the Volta Aluminium Company (VALCO) which received Cabinet approval last month, would provide a unique opportunity to create 8,000 direct jobs, says Dr Joe Oteng-Adjei, Minister of Energy...
...Sen. Jon Tester is urging Columbia Falls Aluminum and the Bonneville Power Administration to reach a long-term energy agreement by year's end that would restore jobs to the shuttered plant...
...ALUMINIUM DUBAI is the leading exhibition for aluminium products, technologies and investments in the Middle East and the most recent addition to Reed Exhibitions’ portfolio of aluminium events including ALUMINIUM INDIA, ALUMINIUM CHINA and ALUMINIUM in Germany...
...Allens Arthur Robinson (Allens) has advised leading international mining group and long standing client Rio Tinto on its non-binding Memorandum of Understanding (MoU) with Aluminum Corporation of China (Chinalco) to establish a landmark exploration joint venture in China...
...Novelis Inc, a unit of Indian aluminium maker Hindalco Industries Ltd (HALC.BO: Quote), said it will shut a 60,000 tonnes-a-year smelter in Brazil due to high operating costs and energy prices, affecting about 300 employees...
...Noranda Aluminum Holding Corporation (NYSE: NOR) announced today the pricing of its public offering of 10,000,000 shares of its common stock at a public offering price of $11.35 per share. The underwriters were granted a 30-day option to purchase up to 1,500,000 additional common shares from Noranda. The offering is expected to close on December 10, 2010...
...As the world’s largest aluminum maker by output — responsible for about 4 percent of the global aluminum production — the Russian company has a rosy outlook on where prices are going in 2011, mainly due to China’s import needs. ..
...Aluminum Corp of China (NYSE: ACH) closed Friday's trading session at $23.10. In the past year, the stock has hit a 52-week low of $18.03 and 52-week high of $34.27. ..
...MCX Aluminium Dec contract prices jumped lower on Friday. MCX Aluminium Dec contract has touched intraday high of 107 on Friday and closed at 104.65. This morning MCX Aluminium Dec contract opened at Rs 105.1, and last traded at Rs104.40 down by 0.35 rupees...
...Aluminium inventories on LME showed marginal correction in last one month. The inventories stood at 4288750 tonnes down 0.33% on December 1st 2010 as against 4303075 tonnes on November 1st 2010. During the same period prices of three month forward Aluminium contract declined by 3.7%. The basis of decline was the rise of Dollar and the tensions in Korea...
... SHFE aluminum prices continued to fluctuate in a narrow band, and trading sentiment remained sluggish. SHFE 1103 aluminum contract prices briefly climbed to RMB 16,540/mt after opening slightly higher at RMB 16,510/mt, and later followed the Shanghai Stock Exchange composite index trends, with the lowest prices reported at RMB 16,470/mt. ...
... LME aluminum prices were very weak due to significantly increasing inventories and sluggish trading sentiment. LME aluminum prices opened lower at USD 2,304/mt last night, and later climbed slightly to USD 2,314/mt. LME aluminum prices later dipped to a low of USD 2,298/mt when the US dollar index strengthened to 79.968, ...
...Saudi Arabian Mining Co., a state- controlled metals producer known as Ma’aden, plans to expand its operations in the kingdom as demand for metals and minerals increases in the Arab world’s biggest economy...
...edanta is hoping that the deal with Cairn will be completed soon. The company’s chief Anil Agarwal has said that the speedy closure of the deal with Cairn is a win-win situation for India...
...Dec 3,2010, Chinalco and Rio Tinto held MOU signing ceremony for setting up jointly exploration company in Diaoyutai State Guesthouse. Wang min, vice minister of Land and Resources attended the signing ceremony...
...Reuters reported that Algeria's largest private company, Cevital is awaiting government approval to build USD 7 billion aluminium plant with annual capacity of 1.5 million tonnes...
... LME aluminum prices opened at USD 2,358/mt, and later slipped steadily to a low of USD 2,318/mt. LME aluminum prices later pared some losses supported by a weaker US dollar, with prices finally closing at USD 2,326/mt, down 1.2%. Positions increased by 3,888 lots, while LME aluminum inventories increased by 1,200 mt to 4,285,500 mt. ...
