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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Prices of aluminium fell to a month low on May 1st; following the disappointing data on the factory activity in China’s top consumer after central bank of U.S withdrew their monetary stimulus. Prices fell after the data showed that there was a marginal increase in the activity of China’s factories in month of April but the government survey showed a sharp decrease in exports. This added to the concerns that economic growth may again slow after the first quarter’s slowdown. Three- month aluminium on LME closed 0.8% lower at $1,785 per ton. Earlier there was a drop in the price of the metal to the lowest at $1,779. After the Federal Reserve announced the cut down in the huge bond-buying stimulus, more liquidity was taken away from the markets. "There's less liquidity with the FOMC decision...
The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 3 cents per share payable May 27, 2014 to shareholders of record at the close of business on May 12, 2014 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable July 1, 2014 to shareholders of record at the close of business on June 13, 2014.
Iran International Aluminium conference 2014 (IIAC2014) is set to be one of the most significant nonferrous events in the Persian Gulf. With the participation of attenders from France, Germany, Italy, Netherland, Switzerland, Spain, New Zealand, Russia, Brazil, Turkey, Emirates, Oman, India, China etc … this international event is to be considered the start of a new era for business and scientific opportunities in Iran and around the globe. Overall, 170 papers were submitted to the conference of which 110 are announced accepted. Prior to the conference a two day workshop will take place utilizing the expertise of specialists such as Prof.Margaret Hyland, Dr.Mark Doreen, Dr.Walter Dalla Barba and Prof.Juergen Hirch and Dr.Jose Clemente. The workshop titles presented are as follows: 1-...
In the first quarter, Chalco posted a loss of CNY 2.2 billion, or roughly $350 million, even though companywide sales increased 3% relative to the same period last year. Before its earnings update, in light of prevailing low aluminum prices, Chalco announced that it intends to shutter 800 thousand metric tons per year of refining capacity and 600 thousand metric tons per year of smelting capacity. Although taking roughly 5% of its refining capacity and 15% of its high-cost smelting capacity off line will allow Chalco to produce aluminum more efficiently, this significant scale reduction signals the possibility of additional curtailments in the future as the high-cost producer makes an effort to rationalize its production volume. After being bailed out by parent Chinalco, which purchased...
Sesa Sterlite has come out with its production for the fourth quarter and financial year ending 2014. The company has reported that the total Aluminium production for FY 2014 was 794000 tonnes in financial year ending 2014, compared to 774000 tonnes in the year 2013. Alumina production was 524000 tonnes in FY 2014 compared to 527000 tonnes in FY 2013. The Lanjigarh alumina refinery operated at 91% of its rated capacity and produced 227000 tonnes in Q4 FY 2014, 25% higher than Q3. Full year production was 524000 tonnes, after restarting the refinery in July 2013. Total Aluminium production was 200000 tonnes, unchanged from Q3 2014. This resulted in a steady increase of alumina feed from Lanjigarh to our smelters, contributing to 28% of the smelters' alumina requirements in FY 2014 and 49%...
Norsk Hydro employees have purchased shares under a general arrangement offered to employees employed by Norsk Hydro in Norway each year. All employees employed by Norsk Hydro in Norway have been offered to purchase shares valued at NOK 10,000 with a 25 percent discount. 82 percent of the employees entitled to the offer have subscribed, and have each been allocated 336 shares at NOK 22.28 per share. The total number of shares allocated and transferred on April 30, 2014 is 921,984. Norsk Hydro ASA holds 29,165,988 own shares after this transaction and the number of outstanding shares are 2,039,832,288. With reference to the stock exchange announcement as of April 1, 2014, the following primary insiders have under the above mentioned scheme each purchased 336 shares: - President and CEO...
An employer of choice and an avid proponent of Omanisation, Sohar Aluminium (SA) participated in various career fairs held across Oman this year. Career Fairs provide a platform for Omani Nationals with qualifications in diverse fields of expertise to meet directly with recruiters and hiring managers as well as seek out various training and career opportunities. SA is fully committed to the vision of His Majesty Sultan Qaboos bin Said regarding Omanisation of the country's workforce. The company has established dedicated strategies and policies, to ensure that Omani Nationals are developed to take on challenging roles with increased responsibilities within the organization. Highlighting SA participation in the career fairs, Mr Mohammed Al Shahab, Human Resources Administration (HRA)...
The World Trade Organisation (WTO) has informed that India has launched a safeguard investigation to determine whether increased imports of unwrought aluminium is causing a threat or is adversely impacting the prospects of the domestic industry. According to WTO, India notified the Commitee on Safeguards that initiated on 7 April a safeguard investigation on "not-alloyed ingots of unwrought aluminium." A safeguard investigation seeks to determine whether increased imports of a product are causing, or is threatening to cause, serious injury to a domestic industry. During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties. A WTO member may take a safeguard action (i.e. restrict imports...
We had a bearish view on Aluminum last day with the anticipation that the commodity may take price correction in the form of profit booking on the long positions. Also, a rebound in the inventory supported the metal to retreat from the highs. 3 month forward LME Aluminum ended the day at $1826.75 down by $22 from its previous close. In the similar lines prices at MCX for April future also declined and ended at Rs. 108.80 down by Rs. 1.80 from its previous close. We saw prices taking downward correction since the beginning of the session on Monday which was followed through during the day. Although US equities posted a mixed close and the countries pending home sales number improved but a broad based sell of pulled the metal to trade down. This morning Aluminum at LME is seen trading at...
LME aluminium is expected drop to $1,814 per tonne, as it has cleared support at $1,848. This support is provided by the 23.6 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to the April 11 high of $1,902.50. The next support will be at $1,814, the 38.2 percent level, a break below which will lead to a further loss to $1,787, the 50 percent level. Rebound from the current level could be limited to $1,848. 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.
Aluminium premiums in China moved down to $355-370 per tonne this week, amid limited import interest, with traders eyeing carrying trade opportunities. The range fell lower than the premium of $370 per tonne in March, although trading was thin. "There have been almost no offers or bids recently, as the price gap between the global and Chinese markets is huge," a major trader said. "We have very little aluminium on hand to sell at the moment and no one wanted imported aluminium because it would result in a loss of over 2,000 yuan ($324) per tonne," the trader said. Another trader said he was offering $370 per tonne, but admitted it was "very hard" to reach any deal at the level. The three-month London Metal Exchange aluminium settled at an official price of $1,840/40.50 per tonne on Monday...
Prices of aluminium dropped to the lowest in London for two weeks or more as the inventories expanded. Inventories of the unwrought aluminium rose to 1.215 mn mt in the month of March from an amount of 1.71 mn tons that were revised a month earlier. This was said in a recent report published in International Aluminium Institute. The stockpiles climbed to 1.215 mn metric tons in those warehouses that were tracked by LME. “Prices are going to be hampered from moving higher because of that supply, particularly on the LME,” Mike Dragosits, a senior commodity strategist at TD Securities in Toronto, said in an interview over the phone. Aluminum to be delivered fell to 1.3% in 3 months fell to settle at $1,829 per ton in London, after reaching $1,826.75, recorded as the lowest since 9th April.
Aluminum Corp. of China Ltd., the nation’s biggest producer of the lightweight metal, said its first-quarter loss widened as industry overcapacity caused prices to fall. The Beijing-based company posted a loss of 2.2 billion yuan ($352 million), or 0.16 yuan a share, in the three months ended March 31 from 975 million yuan, or 0.07 yuan a share, a year ago, it said in a statement to the Shanghai Stock Exchange. Sales rose 3 percent to 35.2 billion yuan. Average aluminum prices in London dropped 14 percent during the quarter from a year earlier following nine years of excess global production, according to data compiled by Bloomberg. Aluminum Corp., known as Chalco, said April 16 it would cut 600,000 metric tons of production capacity as part of its plan to trim 1 million tons this year....
Norsk Hydro ASA's underlying earnings before financial items and tax rose to NOK 772 million in the first quarter 2014 from NOK 471 million in the fourth quarter 2013. The result was lifted by seasonally higher sales volumes and power production. Highlights • Underlying EBIT NOK 772 million • Seasonally higher sales volumes • Increased power production • Primary aluminium demand outside China continues to exceed production • Investment in new automotive line and in new recycling capacity "We see signs of improvement for the aluminium industry as aluminium demand outside China continues to exceed production. Based on increasing use of aluminium in cars and rising demand for recycled metal, we are making investments in our rolled products business in Germany to expand automotive and...
Noranda Aluminum Holding Corp. saw a large decline in short interest in March. As of March 31st, there was short interest totalling 1,154,419 shares, a decline of 38.5% from the March 14th total of 1,876,653 shares, AnalystRatings.NET reports. Based on an average daily volume of 1,036,880 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the shares of the stock are short sold. NOR has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Noranda Aluminum Holding Corp. in a research note on Thursday. They now have a $4.20 price target on the stock. Analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday,...
Vimetco narrowed its FY pretax loss to $0.16m, from a loss of $0.19m. Revenue was $2.2m, from $2.3m. The total production of electrolytic aluminium decreased to 869,000 tonnes, from 925,000 tonnes in 2012, and the production of processed products increased at 189,000 tonnes, up from 171,000 tonnes in 2012. CEO Gheorghe Dobra said last year was a testing one, with low demand and prices that followed the same downward trend combined with continued increases in raw material costs. However, Vimetco remained focused on our long-term development strategy to increase the output and sales of high added value products, while, in the short term, it developed and implemented new technologies to support its constant engagement to reduce costs. In December 2013, the aluminium quotation reached the...
Aluminium futures rose marginally by 0.14 per cent to INR 110.55 per kg today as speculators enlarged exposures on pick-up in spot demand and a firming trend in base metals overseas. At the Multi Commodity Exchange, aluminium prices for delivery in April traded higher 15 paise, or 0.14 per cent, at INR 110.55 per kg in a business turnover of 189 lots. Similarly, the metal prices for delivery in May traded higher by 10 paise, or 0.09 per cent, to INR 111.90 per kg in 69 lots. Market analysts said rising demand from consuming industries at domestic spot markets and strength in the base metals at the London Metal Exchange, mainly influenced aluminium prices at futures trade here.
LME aluminium is expected to hover above $1,848 per tonne for one day, as it failed to break below this support. The support is provided by the 23.6 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to the April 11 high of $1,902.50. The uptrend from the Feb. 3 low of $1,671.25 may have a remote chance to extend due to its corrective wave mode. That means the fall from $1,902.50 is far from complete. A rebound has been triggered by the support. However, it is difficult to fix a target as this rebound may end at any level below $1,890, a resistance provided by the upper trendline of a wedge. A break below $1,848 will cause a loss to $1,814, the 38.2 percent retracement. The views expressed are his own. No information in this analysis should be considered as being...
