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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Aluminium Corporation of China (Chalco) plans to reduce its aluminium production by 16% year-on-year to 3.21 million tonnes in 2014, the company said. In 2013, the company produced 3.84 million tonnes, down 9% from output a year earlier. Alumina output is expected to reach 13.02 million tonnes in 2014, up 7.2% from 2013 production. Amid an ailing domestic market, Chalco recently suspended 600,000 tpy of aluminium capacity and 800,000 tpy of alumina capacity. The company swung to a profit in 2013, following the sale of some assets. "In general, China's aluminium sector is still in oversupply, the scenario wouldn't change any time soon. Even if there are some production cuts, new capacities from Xinjiang will more than make up," Liu Xiaolei, SMM analyst, said.
Rusal, the world's largest aluminium producer, could default on some of its multi-billion dollar debt if it fails to reach a new deal with creditors by Monday, it said after reporting its biggest annual loss since 2008. The company's earnings have been hammered by low aluminium prices, which in 2013 fell back to levels last seen in the aftermath of the financial crisis. Rusal won a court ruling against the London Metal Exchange (LME) on Thursday derailing plans that could have depressed prices further by bringing more metal currently tied up in warehouses on to the market. Yet the market remains oversupplied, weighing on price expectations - and Rusal, with a net debt of $10.1 billion, is one of the most indebted Russian metals and mining firms. The company has entered into negotiations...
Noranda Aluminum Holding Corp.‘s stock had its “hold” rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. They currently have a $4.20 price objective on the stock. Citigroup Inc.’s target price indicates a potential upside of 10.82% from the stock’s previous close. Separately, analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.46. Noranda Aluminum Holding Corp. traded up 0.26%...
RHB Research has maintained its Buy rating Press Metal Bhd with a higher fair value (FV) of RM5.47 (from RM4.11) and said the LME aluminium price has moved into a healthy consolidation after its recent surge, while its premium remains firmly at a record-high level - reinforcing that the aluminium market was bottoming out. In anote Friday, the research house said it was timely for Press Metal’s smelters, which have reached full commissioning, to capitalise on this possible upturn. “Maintain Buy, with a higher RM5.47 FV (versus RM4.11), at a 20% (from 40%) discount to its fully-diluted DCF,” it said.
Aluminium Bahrain B.S.C. (Alba), a leading aluminium producer in the Middle East, is the proud winner of the International Safety Award for 2013 performance by the British Safety Council. Competing with over 500 organisations spanning all sectors from the United Kingdom, Africa, Asia, the Middle East and the West Indies, Alba won the much coveted honour for its commitment and determination to prevent workplace injuries and maintaining health and well-being of its workforce during 2013. The award was received by Alba’s Chief Operations Officer, Isa Al Ansari on April 25, 2014 at the Gala Dinner ceremony held in the UK. Commenting on Alba's success in winning the British Safety Council's International Safety Award, Chief Operations Officer, Isa Al Ansari said: “Employees’ safety and health...
Century Aluminum Company reported a net loss of $20.1 million ($0.23 per basic and diluted common share) for the first quarter of 2014. Cost of sales for the quarter included a benefit of $5.5 million related to deferred power contract liability amortization. Results were negatively impacted by a $3.1 million charge for increased legal reserves. For the first quarter of 2013, the company reported net income of $8.3 million ($0.09 per basic and diluted common share). Financial results were positively impacted by a litigation reserve adjustment of $2.2 million and an unrealized gain of $15.7 million related to a LME-based contingent obligation. Results were negatively impacted by severance and other expenses of $2.2 million related to our corporate headquarters relocation. Cost of sales for...
UC RUSAL, a leading, global aluminium producer, announces the signing of an exclusive three-year service contract with OJSC Freight One for the export of finished products in covered wagons. Freight One will provide transportation services for the export of RUSAL’s aluminium produced at all of the Company’s smelters in Russia. Aluminium and other cargo volumes shipped by the East-Siberian, Krasnoyarsk, West-Siberian, Sverdlovsk and October railways are estimated to be from 90 to 120 thousand tonnes per month. "We expect a positive result from this long-term contract with Freight One in the near future, as it allows us to reduce transportation costs, increase turnover of rolling stock, reduce overall inventory levels and working capital,” commented Vladislav Soloviev, first deputy CEO of...
Noranda Aluminum Holding Corporation announced today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share to be paid on May 28, 2014 to shareholders of record as of May 5, 2014. The Board anticipates declaring this dividend in future quarters on a regular basis; however, changes in the Company's financial condition and cash needs could result in dividends being declared in different amounts, or not at all.
United Co. Rusal, the world’s largest aluminum producer, is posting its best monthly rally on record as Goldman Sachs Group Inc. and VTB Capital predict a rebound in the metal will make the company profitable again. Shares of Rusal jumped 2.6 percent to an 11-month high in Moscow yesterday, extending its April surge to 25 percent. The stock has climbed 60 percent this year, the most on the Micex Index (INDEXCF), which has slumped 12 percent. Its Hong Kong-listed stock jumped 4.1 percent today, poised for the highest close since June 3. The Bloomberg index of Russian shares trading in the U.S. fell 0.9 percent yesterday, led by VimpelCom Ltd. Rusal, which posted last year the largest loss since 2008, will report earnings of $392.8 million in 2014, according to the average of eight...
Century Aluminum is scheduled to announce its Q114 earnings results on Thursday, April 24th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $437.44 million for the quarter. Century Aluminum last announced its earnings results on Thursday, February 20th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.22) by $0.11. The company had revenue of $401.20 million for the quarter, compared to the consensus estimate of $400.29 million. On average, analysts expect Century Aluminum to post $0.35 EPS for the current fiscal year and $0.94 EPS for the next fiscal year. Shares of Century Aluminum opened at 14.00 on Wednesday. Century Aluminum has a 52 week low of $6.40 and a 52 week high of $14.24. The...
LME said a quarter of electronic trading volume on the exchange comes from participants based in Asia. This is the reason the exchange has become the biggest marketplace in the world for industrial metals such as aluminium. The exchange has disclosed the exact size of trade business they get from Asia and it seems they are also planning to boost their business in China. "Ten-25 percent of outright trading on the electronic system comes from Asia,” said Garry Jones, LME Chief Executive,at a conference that took place in in Hong Kong. Jones said that LME may accept yuan-denominated collateral for the products listed in London after launch of, LME Clear, its new clearing syste, in September, although the exchange does not plan to introduce yuan listed products in London. LME had picked up...
Qatalum has taken part in the 8th Qatar Petroleum Environmental Fair to deliver the message that aluminium is a sustainable metal “that can lead to a more sustainable world.” With the slogan “God created from water every living thing,” the company emphasised that “aluminium helps to preserve water and aluminium production is a water-conscious production process.” Qatalum said aluminium helps to improve environmental performance due to its water conservation innovation efficiency. During the fair, the company showcased technology for treating water pollution, the use of water in the smelting process, and how water recycling and conservation is at the forefront of Qatalum’s environmental agenda. “Sustainable improvements are underway at Qatalum within our mission to raise our position on...
Global aluminium production reached a new high in March despite cuts to capacity by the biggest manufacturers. Companies such as Alcoa, Rusal and Rio Tinto have been shutting smelters over the past two years in an effort to tackle oversupply, as depressed prices continue to weigh on the industry. But surging output in China has more than offset these cuts. Production of the lightweight metal rose to 4.329m tonnes last month, a 5 per cent year-on-year increase, according to the International Aluminium Institute. The previous monthly high, of 4.255m tonnes, was achieved in October. While output decreased over the past 12 months in Europe and the Americas, production rose by nearly a fifth in the Middle East, where smelter owners benefit from cheap energy. But the biggest increase occurred...
First Quarter 2014 Highlights and Recent Events • Total segment profit was $10.7 million compared to $36.3 million in first quarter 2013 • First quarter 2014 weather-related segment profit impact totaled $14.9 million • Average realized Midwest transaction price per pound shipped was $0.95, compared to $1.03 in first quarter 2013 • Net Cash Cost was $0.90 per pound, or $0.79 per pound excluding weather-related impact; first quarter 2013 Net Cash Cost was $0.81 per pound • Excluding special items, EPS was a $0.24 loss in first quarter 2014 and reported EPS was a $0.25 loss • Cash and cash equivalents totaled $51.2 million and total available liquidity was $191.1 million, calculated as of March 31, 2014 Noranda Aluminum Holding Corporation today reported results for first quarter 2014....
UAE-based aluminium giant Emirates Global Aluminium PJSC ("EGA"), one of the strategic sponsors of the annual Water Energy Technology and Environment Exhibition ("WETEX") 2014, says its efforts to improve operating efficiencies through technological innovation are paying off handsomely, as evidenced by significant reductions in fuel consumption and CO2 emissions over the past three years. Held at the Dubai International Convention & Exhibition Centre from 14 to 16 April, the focus of WETEX 2014 was on advanced technologies in energy, water, and environment, with the aim of supporting the Dubai government's Vision 2030 and the Dubai Supreme Council of Energy's commitments to innovation and sustainability. EGA showcased best practices in its in-house developed DX and DX+ reduction cell...
British banking giant Barclays believed that the LME aluminum prices are expected to average $1,850 a ton in second quarter of this year. First quarter LME aluminum prices were slightly below expected, averaging $1,708 a ton versus Barclays forecast of $1,750 a ton. Barclays maintain their aluminum's rest-of-year forecast with the fundamental picture unchanged from when they set this price deck at the beginning of the year. That said, this is based on the premise that physical premiums moderate lower as the year progresses. “We believe that eventually the additional LME warehouse load-out rates will be implemented and material will flow out of LME warehouses quicker than it does currently. However, there are many hurdles, and in the meantime, premiums are likely to remain supported,...
Alro SA, one of the largest aluminium producers in Central and Eastern Europe, implements, continuously programmes for increasing the overall efficiency of the Company. Over the past 10 years, following investments worth USD 500 million, out of which USD 100 million in environment projects, the strategy implemented targeted modernizing its equipments in order to remain competitive on the international markets, but also to fully comply with environment regulations. “By constantly working to increase the efficiency of our activity, we managed to consolidate our competitiveness on a very volatile market, while complying with the highest environmental standards”, said Gheorghe Dobra, CEO of Vimetco and General Manager of Alro Slatina. “We succeeded in reducing the energy consumption, although...
UC RUSAL, a leading global aluminium producer, has purchased over 80 different machines and mobile equipment units to strengthen labour mechanisation efforts at its Aluminium Division production sites. The company spent a total of RUR 132 mln on the purchase, R&D and maintenance of auxiliary process machinery for potrooms in 2013 alone. 10 highly maneuverable Bobcat loaders equipped with hydraulic breakers that are vital to facilitate pot treatment operations are arriving at the Bratsk aluminium smelter, and Hencon, another machinery supplier, has designed a customised pot tending vehicle with a set of detachable tools that will help staff in their daily routine on the shop floor. In 2013, the aluminium smelters in Krasnoyarsk (KrAZ), Irkutsk (IrkAZ), and Novokuznetsk (NkAZ) received 60...
