Four days to go, and the aluminium world is getting ready to move to Düsseldorf. From October 6-8, the city will host ALUMINIUM 2026 , with more than 800 exhibitors and partners and over 21,000 trade visitors expected at Messe Düsseldorf. The event will bring together producers, recyclers, downstream manufacturers, technology providers, equipment suppliers, policymakers and end users from across the global aluminium value chain. The 2026 edition comes at an important point for the aluminium industry. European producers are facing pressure from energy costs, international competition and tighter climate requirements, while concerns around raw material security and resilient supply chains continue to grow. At the same time, demand for aluminium is expanding across electric mobility,...
The Aluminum Association launched “America Needs Aluminum,” a new public awareness and advocacy campaign highlighting aluminum’s essential role in the US economy and calling for policies that help America make, recycle and build more with this critical material. The campaign centers on a straightforward message: America needs aluminum - let’s make more of it here. It builds on the association’s broader “all-of-the-above” strategy for aluminum supply, which calls for expanding both recycled and primary aluminum production, strengthening domestic manufacturing, improving energy availability and aggressively confronting unfair trade. “Aluminum is essential to nearly every part of modern American life - from our cars, homes and packaging to the power grid, fighter jets and advanced...
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Rusal has expressed its intention of cooperating with China Hongqiao Group over aluminum processing business during its recent visit to the company, China Hongqiao said in its website. China Hongqiao, a large aluminum product manufacturer, is working hard to transform and upgrade its business model and aiming for long-term development in aluminum processing. Rusal has rich experience and advanced manufacturing technologies. This will provide room for these two companies to cooperate with each other and play their individual competitive advantages.
Shares of Hindalco Industries slipped nearly 2 per cent to hit intraday low of INR 137.35 after global aluminum giant Alcoa Inc's first quarter earnings missed expectations. Alcoa's earnings missed estimates. However, the commentary for auto continues to remain positive as it expects global aluminum demand growth to be 6.5 per cent. The impact of Alcoa's earnings highlights revenue visibility for Hindalco's Novelis unit. Reacting to the news, shares of Hindalco came under selling pressure. At 10:30 a.m., the stock was down 1.4 per cent at INR 138 underperforming the Nifty which was down 0.15 per cent.
Vedanta Resources plc releases production report for the Fourth Quarter and Full Year ending 31 March 2015. In the aluminium segment, Vedanta reports record quarterly and full year Aluminium production with the new Jharsuguda-II and Korba-II smelters ramping up successfully. The company also reports record quarterly and full year production at Lanjigarh Alumina refinery. Tom Albanese, Chief Executive Officer, Vedanta Resources plc, said: "We continue to focus on the execution of our defined strategy and, despite volatile commodity markets, we remain confident in our diversified business model. In particular, record levels of production in Zinc and Aluminium over the year underpin our confidence in achieving greater operational performance and enhancing production across our well-invested...
Global aluminium consumption in 2014 rose by 9% and not 7% that Alcoa Inc, the biggest US producer, had earlier estimated. China was the chief culprit for this gap as its actual consumption was higher by 1.3 million tonnes (mt). In 2015, the global aluminium consumption is expected to increase by 6.5%, lower than the 7% projected in Alcoa’s January estimate. The lower growth is not worrying because it can be attributed to a higher base. Aluminium consumption in 2015 is pegged at 57.5 mt now, instead of 56.4 mt earlier. That increase is due to an upward revision by Alcoa, the world’s third largest aluminium producer, in China’s aluminium consumption. Ordinarily, higher consumption should be good for producers as it could mean higher prices. But the China factor pops up again. Although it...
Prices of aluminium declined by INR 2 per kg at the non-ferrous metals market today largely on weak global trend. Traders said sentiments in aluminium turned weak as it declined to a three-week low in global markets after the biggest US producer flipped its outlook for the metal to an oversupply from an earlier forecast of a small deficit. Meanwhile, aluminium for delivery in three months fell 0.3 per cent to USD 1,766.50 a metric tonne on the London Metal Exchange. In the national capital, aluminium ingots, sheet cutting, wire scrap and utensils scrap were down by INR 2 each to INR 158,Rs 159,INR 161 and INR 158 per kg respectively. Following are today's metal rates (in INR per kg): Zinc ingot INR 114-120, Nickel plate (4x4) INR 1,055-1,060, Gun metal scrap INR 227, Bell metal scrap INR...
Aluminium industry leaders and professionals from more than 25 countries are set to gather at a specialised exhibition for the industry in the region next week in Dubai. The fourth edition of Aluminium Middle East 2015 will run from April 14 to 16 at the Dubai International Convention and Exhibition Centre. It is being organised by Reed Exhibitions. Under the theme ‘Forging Connections, Building Possibilities,’ the exhibition will help the region’s aluminium industry reach a new level of extraordinary growth by bring manufacturers, producers, investors and service providers under one roof. The event will offer an opportunity to interview chief executive officers, leading experts and professionals from global industry associations and largest aluminium companies including Emirates Global...
New Zealand Aluminium Smelters pays one of the highest electricity costs in the world, outside China, competing with the smelters of Eastern and Southern Europe, says Chairman Brian Cooper in a statement. The statement made by Cooper comes in response to the fear expressed by the electricity companies who are apprehensive about the future of the company. Since the company uses one-sixth of the total electricity produced in New Zealand, in case of a plant shut down, the market would be flooded and all calculations and assumptions about the power companies’ economics will get disrupted severely. Fears of the electricity companies are not misplaced as the Tiwai Point smelter did come terribly close to closure two years ago and was saved by a $30 million grant from the Government and...
Aluminium Bahrain (Alba) is close to selecting the financial adviser for its $2.5 billion Line 6 expansion project, having whittled down its choice to two banks, its chief financial officer told Reuters. The scheme will make Alba the largest single-site aluminium smelter in the world by boosting per-annum production by 400,000 metric tonnes, at a time when demand for the metal is growing, Ali al-Baqali said in an interview at the plant. Alba, at the centre of an aluminium industry which contributes around 10 percent of Bahrain's GDP, retendered the adviser role after a contract with BNP Paribas waned in October. "We short-listed a few banks and as of today, we are evaluating the final two proposals," Baqali said, without naming the banks involved. The proposed opening date for Line 6,...
Alcoa kicks off the earnings season with the declaration of its 1st quarter results. The result beats market analyst’s expectations as far as revenue and income are concerned. Alcoa is going through a major transformation stage as it is shifting its priority towards creating a value added portfolio. However, the smart strategy towards the primary smelting and downstream segment has turned out to be profitable for the US aluminium giant as it reported first quarter 2015 net income of $195 million, or $0.14 per share compared to a loss of $178 million, or 16 cents a share in 2014 first quarter. Excluding special items, net income reported was $363 million, or $0.28 per share. Revenues rose 7 percent to $5.8 billion, from $5.5 billion in the first quarter 2014. The increased revenue and...
Noranda Aluminum Holding Corporation, Rolfe Ronald S, Director of Noranda Aluminum Holding CORP had purchased 086 shares on March 26, 2015 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $261.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices. Noranda Aluminum Holding Corporation : Volatility spiked in the counter of Noranda Aluminum Holding Corporation but the bulls managed to end the day with appreciating gains. The share price opened at $3.18 and hit an intraday high of $3.36; however, hefty profit booking made the counter give up most of its gains and the shares ended the day positively at $3.35, with a gain...
Aluminium Bahrain B.S.C. (Alba), one of the leading aluminium smelters in the world, today announced that its Chief Executive Officer (CEO), Tim Murray, was named as one of the top 100 CEOs in the Gulf Cooperation Council (GCC) at the Top CEO Awards held recently in Dubai, United Arab Emirates. Murray was also amongst a group of top 5 CEOs in Bahrain, which included also Batelco Group's former CEO, Alan Whelan, Bahrain Islamic Bank CEO, Mohammed Ebrahim, Al Salam Bank CEO (and an Alba Board Director), Yousif Abdulla Taqi, and United Gulf Bank CEO, Rabih Sokaireh. The Top CEO Awards -- organised by Trends magazine and INSEAD Business School, in association with Hawkama, the regional institute for corporate governance -- honours the very best in GCC business leadership. It recognises top...
Shanghai aluminium dropped on Thursday after the Chinese government announced measures to cut power prices, which traders bet would lower the production costs of local aluminium and depress prices. Aluminium traded on the Shanghai Futures Exchange fell more than 2 percent before trimming losses to 13,140 yuan ($2,118) a tonne by 0218 GMT, still down 1.8 percent. Increases in production have weighed on prices that were already struggling due to oversupply. "What the government announced overnight is a cut to the price of power. The beneficiaries, in terms of power users, are obviously aluminium among other sectors," said analyst Lachlan Shaw of UBS in Melbourne. China is to cut the price of electricity supplied to the grid by thermal power generators following a decline in coal prices, the...
Lightweight metals leader Alcoa today reported strong first quarter 2015 profits. The Company’s strategy of building its value-add portfolio and creating a globally competitive commodity business is delivering results. Alcoa reported first quarter 2015 net income of $195 million, or $0.14 per share, including $158 million in restructuring-related charges (approximately 90 percent non-cash), mostly to optimize the Company’s portfolio. Year-over-year, first quarter 2015 results compare to a net loss of $178 million, or $0.16 per share. Excluding the impact of all special items, first quarter 2015 net income jumped to $363 million, or $0.28 per share, from $98 million, or $0.09 per share, in the year-ago period. First quarter 2015 revenues rose 7 percent to $5.8 billion, from $5.5 billion in...
To support the educational needs of children with autism in the UAE, Emirates Global Aluminium (EGA) has donated 60 tonnes of aluminium towards the construction of a new custom-built facility for the Dubai Autism Centre (DAC). A long-term supporter of autism causes, EGA has worked with the Centre through its subsidiary Dubai Aluminium ( DUBAL ) since 2009, providing funding for treatment and equipment as well as supporting DAC?s annual autism awareness drive. EGA?s donation equates to a value of AED 547,000 in building material, which will be used in 52 doors, 3,640 square metres of curtain walling and 6,115 square metres of aluminium cladding. EGA also played an instrumental role in engaging UAE aluminium downstream industry players in the manufacture of the end products. Gulf Extrusion,...
Aluminum processing capacity in Qinghai’s Ganhe Industrial Park looks set to hit 1.5 million tonnes by the end of 2015, local media reported today. The industrial park has attracted many aluminum processors in recent years for easy access to aluminum liquid from smelters in the park. For example, 600,000-tpy precision aluminum plate project is scheduled to reach full capacity at the end of 2016. Ground breaking will start on 5 million-piece-per-year aluminum wheel rim project and 50,000-tpy construction aluminum extrusion project soon.
The Aluminum Association has voiced its support of the U.S. Department of Energy after it announced a conditional commitment for a $259 million loan to Alcoa, which was done in support of the aluminum producer’s automotive expansion. With the aid of the loan, the company will grow its Alcoa, Tenn. operations as well as develop improved vehicle technologies. The lofty advance signifies the first conditional loan issued since 2011 under the Advanced Technology Vehicles Manufacturing (ATVM) loan program. "This is a great example of the public and private sectors working together to meet manufacturing and energy challenges,” said Aluminum Association President & CEO Heidi Borck. “Aluminum is uniquely positioned as a modern, sustainable material option – it is lightweight, strong and...
Aluminium prices gained 0.41% to INR 111.55 per kg in futures trade as speculators enlarged positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in April rose by 45 paise, or 0.41%, to INR 111.55 per kg in a business turnover of 265 lots. Also, the metal for delivery in May traded higher by 40 paise, or 0.36%, to INR 112.25 per kg in five lots. Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in copper and other base metals at the London Metal Exchange where trading resumed after the Easter holidays amid rising demand at spot markets here.
Qatalum plays an important role amongst Hydro’s Primary Metal group. At the AMPS Conference in Norway, it highlighted advanced improvement initiatives and picked up an award, led by similar improvement practices, for customer satisfaction. Qatalum delegates participated in the AMPS Conference from 24th March to 26th March in Oslo. AMPS is Hydro's common platform for continuous improvement which has been developed based on lean principles. On the market day of the conference, multiple Hydro smelters shared their best practices based on AMPS principles which are similar to QPS principle in Qatalum. Vivek Swarnkar and Tausif Shaikh presented Strategy Deployment implementation in Reduction. Alton Singh and Geir Nilsen presented Qatalum’s Central Maintenance process. Both the presentation were...
