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...
Hindalco Industries reported its highest-ever quarterly net profit of INR 75.33 billion (USD 802 million) in the second quarter of FY2027, up 59 per cent from INR 47.41 billion (USD 505 million) a year earlier, supported by stronger earnings across its aluminium, copper and Novelis businesses. Consolidated revenue from operations rose 39 per cent year on year to INR 917 billion (USD 9.8 billion) in the quarter ended September 30, 2026. EBITDA increased 42 per cent to INR 137.6 billion (USD 1.5 billion), compared with INR 97 billion (USD 1 billion) in Q2 FY2026. The company’s aluminium upstream business rose 55 per cent to INR 70 billion (USD 745 million) in quarterly EBITDA. Earnings from non-LME-linked businesses rose 50 per cent to INR 68.6 billion (USD 731 million). Copper also...
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National Aluminium Company (Nalco), a navratna PSU under the Union ministry of mines, is in talks with six countries for setting up smelter units through joint ventures. "Nalco has approached the ambassadors of six countries- Indonesia, Vietnam, Malaysia, Qatar, Oman and Iran for setting up smelters overseas in joint venture," said Ansuman Das, chairman cum managing director while addressing the employees of company's smelter and power complex at Angul. For the proposed alumina refinery in Gujarat, Das stated that Nalco has offered the Gujarat government 49 per cent stake to ensure its participation and commitment. Das expressed his optimism on completion of ongoing lean slurry project at Angul site by the end of this year. The project would solve the ash disposal problem of the company's...
LME aluminium may rebound to $1,787 per tonne as it has found a support at $1,760. The support is provided by the 61.8 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to the April 11 high of $1,902.50. It has triggered a rebound towards the 50 percent retracement at $1,787. A break below this support may cause a limited loss to $1,751, the 76.4 percent Fibonacci retracement on the rise from the March 19 low of $1,704.25 to $1,902.50. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
UC Rusal, a leading, global aluminium producer, announces its results for the three months ended 31 March 2014. Key highlights • In the first quarter of 2014 LME aluminium price continued its fall and reached the lowest record since the second quarter of 2009 of USD1,708 per tonne demonstrating a 3.4% decrease compared to USD1,769 per tonne in the last quarter of the prior year. This negative trend was compensated by historically maximum realized premiums over the LME aluminium price of USD336 per tonne in the first quarter of the current year, 21.3% higher than USD277 per tonne in the fourth quarter of 2013. • Aluminium segment cost per tonne in the first quarter of 2014 decreased by 6.6% to USD1,741 per tonne as compared to USD1,864 per tonne in the fourth quarter of 2013 and by 11.7%...
Aluminium Bahrain B.S.C (Alba), a leading aluminium producer in the Middle East, reinforced its commitment to support employee development and professional growth with the recent promotion of more than 600 employees across all levels in the plant. The promotions - for the period of 2013 and Q1 2014 – were based on international standards of employees’ career advancement, including knowledge and skills, dedication towards work, initiatives at work and demonstrated potential for growth. Congratulating the promoted employees, Alba’s Chief Executive Officer, Tim Murray said: “The success of any organisation is based on the quality and skills of its employees. I am confident that these new leadership appointments will further strengthen the overall growth of the company. I wish them success in...
RIO Tinto’s much-maligned aluminium business could be a surprise saving grace for the miner as iron ore prices soften, with the company’s cost-cutting drive set to produce strong cashflows and boost the chance of big returns to shareholders. The turnaround in aluminium, which Deutsche Bank is forecasting will contribute $US2 billion ($2.1bn) of annual free cashflow to Rio by 2017, comes as chief executive Sam Walsh predicts an end to the Chinese overcapacity that has hobbled the industry in recent years. While there is no hope of recovering the $US25bn of value wiped from the aluminium unit’s book value since Rio paid $US40bn in cash for Alcan just before the global financial crisis, some investors are positioning themselves for a rebound. “We have shareholders on our portfolio because...
Wait times to get metal out of warehouse firms owned by trade house Glencore and bank Goldman Sachs stretch up to two years, according the London Metal Exchange's (LME) first report detailing backlogs at its global network of depots. Lengthy logjams at warehouses monitored by the LME, the world's oldest and biggest market for industrial metals, prompted bitter criticism by consumers and sparked a wide-ranging reform programme at the exchange. The LME's new report, covering the month of April, showed the backlogs were concentrated at four warehouse locations and with three major warehouse operators. The LME already publishes data on inventory levels by location and metal, but up until now has not published the amount of stock held by individual companies. A court ruling in March halted a...
London-based metals information company CRU is preparing to host its 19th World Aluminium Conference on May 19-20 at the JW Marriott in Hong Kong. CRU says its aluminum industry conference “attracts influential delegates involved in [aluminum] smelting, recycling, rolling, extruding, trade, raw materials, purchasing, technology and finance.” Speakers and panelists at the 2014 version of the event include: • Bob Wilt, president of Global Primary Products at Alcoa; • Michael Lion, chairman and director of Sims Metal Management Asia Limited; • Wang Feihong a senior analyst with China Minmetals Non-Ferrous Metals Co. Ltd.; • Bruce Cox, president and CEO of Pacific Aluminium; and • Oleg Mukhamedshin, deputy CEO and director for strategy and business development at RUSAL. Several researchers...
3 month forward LME Aluminum prices ended the day at $1766.50 mostly unchanged from its previous close. We saw slight intraday volatility in the prices while by end of the day market remained steady. We had no news from the fundamental front, Aluminum stocks at LME declined in a single day by 9700 MT but the impact was not visible clearly. This morning at LME, Aluminum is seen trading at $1775+ marginal gain over previous close. We believe the commodity may show slight gain in the prices as part of short covering. While, we look at the derivative analysis we expect a good amount of short covering in the contract therefore, possibly prices may rebound. Besides, there are no fundamental updates on the commodity. As stated above the declining of inventories could bring in slight support to...
Aluminium prices today rose by 0.38% to INR 104.85 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 40 paise, or 0.38%, to INR 104.85 per kg in business turnover of 390 lots. The metal for delivery in June rose by a similar margin to INR 106.40 per kg in 15 lots. Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the entire base metals pack at the London Metal Exchange and rising demand at spot markets here.
Namsun Aluminum shares gained nearly 4 percent Friday after news the company turned around with positive results in the first quarter. The share price closed up 3.92 percent to 848 won. The company announced its first-quarter operating profit reached 4.41 billion won against an operating loss of 2.1 billion won a year ago. Sales grew 6.9 percent to 81.55 billion won in the same period and net profit came to 3.51 billion won versus a net loss of 4.1 billion won a year ago.
Analysts at CRT Capital initiated coverage on shares of Century Aluminum in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock. Shares of Century Aluminum opened at 13.82 on Wednesday. Century Aluminum has a 52-week low of $7.65 and a 52-week high of $14.64. The stock has a 50-day moving average of $13.3 and a 200-day moving average of $11.06. The company’s market cap is $1.227 billion. Century Aluminum last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.18. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $437.44 million....
Find below the corrigendum that further explains the total sales revenue for the quarter in the financial highlights section: Alba’s metal sales for the first quarter of 2014 reached US$ 459 million (BD 172.6 million) compared to US$ 498 million (BD 187.2 million) in Q1 2013 due to lower LME prices (down by 15% YoY). In addition, Alba generated US$ 27 million (BD 10.1 million) from non-metal sales in the first quarter 2014 bringing Total Sales Revenue to US$ 486 million (BD 182.7 million) versus US$ 498 million (BD 187.2 million) in Q1 2013.
We saw a good amount of nearly 0.75% decline in the Aluminum prices on Wednesday to settle the three month contract at $1769/MT. Likewise, at the domestic market, May future ended lower at INR 104.40/kg. Also, daily inventory declined at LME but the reaction on the prices were negligible. We saw a broad based sell off in all the metals and believe that the marginal rise in the USD index may have supported the metals to trade higher. This morning at LME, 3 month forward Aluminum is seen trading steady near $1775. As we proceed today possibly the entire day’s view may remain lower while the day’s performance could be minimal as the equity markets trading positive may not permit the commodity to fall much. News: CME Group, the world's leading and most diverse derivatives marketplace,...
LME aluminium is expected to consolidate in a range of $1,760-$1,780 per tonne, as indicated by two sets of Fibonacci retracement analyses. One set is on the rise from the March 19 low of $1,704.25 to the April 11 high of $1,902.50, revealing a resistance at $1,780, the 61.8 percent level. The other set is on the rise from the Feb. 3 low of $1,671.25 to the same high, marking a support at $1,760, the 61.8 percent retracement as well. A break below $1,760 may trigger a limited loss to $1,751, a 76.4 percent retracement, only a further break below which could cause a bigger loss to $1,726, a 76.4 percent retracement. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own...
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that the Aluminium Valley Society (AVS) has been granted funding to help position nine Saguenay-Lac-Saint-Jean equipment manufacturers in the Persian Gulf market. These enterprises possess internationally-recognized expertise in the design, manufacture and installation of equipment and systems for the primary aluminium industry. The assistance announced today has been awarded in the form of $291,027 in total non-repayable funding through Canada Economic Development's Quebec Economic Development Program and is conditional on the signing of a contribution agreement between Canada Economic Development...
Alcoa today confirmed a $10 million contribution to the Geelong and Yennora communities to help stimulate new jobs and fund training programs in the regions. Alcoa today confirmed a $10 million contribution to the Geelong and Yennora communities to help stimulate new jobs and fund training programs in the regions. This follows Alcoa’s announcement in February that it will permanently close its Point Henry smelter and rolling mill in Geelong and its Yennora rolling mill and recycling facility in New South Wales. Alcoa of Australia Managing Director Alan Cransberg said Alcoa was following through on its commitment to support employees at Point Henry and Yennora as they transition through the changes they face this year. “Alcoa has been an integral part of the Geelong and Yennora communities...
Hydro has decided to permanently close its Kurri Kurri aluminium plant in Australia. Production at the plant ceased in 2012. After being in care and maintenance mode since 2012, the decision to permanently close the Kurri Kurri aluminium plant is allowing for remediation and redevelopment options for the site to progress. The decision to cease production at the Kurri Kurri aluminium plant in 2012 was based on the overall market situation for aluminium, such as the continued weak macro-economic environment, with low metal prices, uncertain market outlook and strong Australian dollar (AUD) relative to the U.S. dollar (USD). Hydro has been evaluating and preparing for a possible closure and has been working on plans for the future of the site, resulting in the decision to permanently close....
If the first day of trading is any indication, CME Group may have a tough slog drumming up interest for its North American aluminum futures contract. CME launched the contract to allow aluminum producers and consumers to lock in prices ahead of time and give investors an opportunity to speculate on the direction of the market. Aluminum for July delivery on the Comex division of the New York Mercantile Exchange closed at $2,165 a metric ton. Total trading volume across all delivery months for the day was 56 contracts. By comparison, London Metal Exchange’s aluminum contract, the biggest and most liquid contract traded on that exchange and seen by market participants as the de facto means of trading futures in the industrial metal, closed with a volume of 13,682 contracts. Commodities...
