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 Bahrain B.S.C. (Alba), a key player in the aluminium industry, will host the 18th International Arab Aluminium (Arabal) Conference in November 2014 under the theme - “GCC: An aluminium power house”. ARABAL is being hosted for the fourth time by the Kingdom of Bahrain, and this year, it is expected to attract more than 700 delegates including key decision makers and industry leaders from all sectors of the aluminium industry in the region and across the world. The statement was announced during the meeting held by ARABAL Organizing Committee on Tuesday, April 22, 2014 at the Gulf Hotel, Bahrain. Alba’s Chief Executive Officer, Tim Murray said: “As one of the major aluminium smelters in the Gulf region and the Middle East, Alba is proud to host ARABAL, an event of international...
Noranda Aluminum Holding Corp. will issue its quarterly earnings data on Wednesday, April 23rd. Parties interested in listening to the company’s conference call can do so using this link. Noranda Aluminum Holding Corp. last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million. On average, analysts expect Noranda Aluminum Holding Corp. to post $-0.51 EPS for the current fiscal year and $0.15 EPS for the next fiscal year. Shares of Noranda Aluminum Holding Corp. opened at 4.21 on Tuesday. Noranda Aluminum Holding Corp. has a 52 week low of $2.21...
LME aluminium is expected to break a support at $1,848 per tonne and fall more to $1,814, as a drop from the April 11 high of $1,902.50 has not completed. The drop followed a completion of a corrective wave cycle that developed from the Feb. 3 low of $1,671.25. Based on a Fibonacci retracement analysis on the cycle, aluminium may at least reach $1,814, the 38.2 percent retracement. Three small waves labelled a, b, c will make up the fall, with the current wave c travelling towards $1,848, the 23.6 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 professional or other advisers for business, financial or legal advice regarding the products...
Aluminium Bahrain B.S.C. (Alba) remains committed to further enhance its production capacity with the recent upgrade of its Pot Line 4 to AP36 technology following the increase in line current of 355 kA in December 2013 to 360 kA. The upgrade in the line current in Pot Line 4 - which started operations in 1992 with a line current of 295 kA - is part of Alba’s initiative to boost its performance levels across the plant. The upgrade from 355 kA to 360 kA is expected to add 4,000 tonnes a year. This accomplishment was achieved by an internal team comprising members from the Power, Carbon Operations & Maintenance, Process Control & Development, Reduction Operation & Maintenance departments. Commenting on Pot Line 4’s upgrade to AP36 technology, Alba’s Chief Operations Officer, Isa Al-Ansari...
The stockpiles of spot aluminium in China was down for the 1st time within a year after the production was cut down in a number of smelters to reduce losses, a survey made by Shanghai Metals Market said that. On a spot basis, stockpiles of aluminium were down in four major trading regions in China - Shanghai, Hangzhou, Nanhai and Wuxi by 34,000 tons to 1.26 mn tons last week, the survey said. With low aluminium prices and surplus in production, many aluminium producers such as Aluminum Corporation of China (Chalco) have started cutting down on the production. A capacity of over 1.3 million tpy has been stooped since last year beginning and that has resulted in the decreasing output of the metal, the SMM research team said. Downstream consumption is going up at the same time with the...
The Odisha government is unlikely to consider the plea of Vedanta Aluminium Ltd (VAL) to use power generated by Sterlite Energy Ltd, also a Vedanta Group firm, to run its smelter complex at Jharsuguda. The company had argued that since Odisha had turned power surplus, sparing 600 Mw out of Sterlite's 2400 Mw (4x600) coal-fired station could come to the rescue of its smelter lying idle for want of power. The state grid is currently getting 400-450 Mw from Sterlite's 2400 Mw plant and acceding to VAL's request would cut supply by 50 per cent. "Vedanta had requested the government to allow conversion of its two 600 Mw units to CPP (captive power plants). But such an arrangement would cut power supply to state grid by up to 50 per cent. Besides, the state government is not encouraging...
On Monday night, SHFE 1406 aluminum contract fluctuated in a RMB 13,190-13,205/mt band after starting at RMB 13,200/mt, and finished the night session at RMB 13,205/mt. Trading volumes totaled 456 lots, and positions added 54 lots to 112,268 lots. The most active SHFE aluminum contract is expected to vacillate between RMB 13,180-13,230/mt Tuesday. In China’s physical market, spot discounts of RMB 120-160/mt are expected over SHFE 1405 aluminum contract.
United Arab Emirates: Emirates Global Aluminium (EGA) - the jointly-owned, UAE-based aluminium conglomerate to be formed by Mubadala Development Corporation and Investment Corporation of Dubai through combining their respective aluminium industry assets - will participate as a new entity for the first time at the annual Careers UAE 2014 exhibition. EGA's participation continues the long-standing commitment by its core operating entities - Dubai Aluminium PJSC ( DUBAL ) and Emirates Aluminium (EMAL) - thus reaffirming its commitment to Emiratisation and underpinning its reputation as a leading employer in the UAE. Held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum UAE Vice President, Prime Minister and Ruler of Dubai, the 14th Careers UAE Exhibition takes place from 22-24...
PT Indonesia Asahan Aluminium (Inalum), the aluminium producer, plans to make an investment of $1.9 billion until 2019, said Agus Tjahajana, the president. The company is also planning to build a $1.2 billion worth aluminium smelter with a total capacity of 250,000 tons per year and a $700 million worth steam power plant with a capacity of 500 megawatt. The firm even expects that the production capacity will reach 400,000 tonnes every year in 2018 and almost 500,000 tonnes by the year 2019, a rise from their targeted output of 260,000 tons this year.
Aluminij Mostar, an aluminium smelter located in Bosnian is facing the risk of closure again after the electric supply to the smelter was proposed to cut off by a state-owner electric supply company due to its increasing debt. In late March, EPHZHB, the power provider failed to collect nearly 100 million Bosnian marka, an amount that the Aluminij smelter had to pay for their electric supplies by signing a bank guarantee. "We have not succeeded to cash anything, they have no money," EPHZHB spokesman Mario Fofic said. "Unless they come up with a new plan to pay the debt by April 24 we shall be forced to halt the delivery of electricity," Fofic said over the phone from the southern town of Mostar, the base location of the smelter and the utility. Aluminij Mostar could not be reached for...
Last Friday night, SHFE 1406 aluminum contract was range-bound after starting at RMB 13,230/mt, and finished the night session flat with the opening price. Trading volumes totaled 952 lots, and positions added 62 lots to 114,216 lots. With LME still closed today, the most active SHFE aluminum contract should fluctuate in a tight RMB 13,190-13,230/mt range on Monday. In China’s physical market, spot discounts of RMB 110-150/mt are expected over SHFE 1405 aluminum contract.
Service centers across North America increased delivery volumes during March, and in most instances managed to reduce their inventory levels, too. The Metals Service Center Institute, which reports the shipment and inventory results in its Monthly Activity Report, stated that “shipment growth returned to healthy levels for steel and aluminum in both the United States and Canada.” The increases represent a notable reversal of the mostly lackluster results for service centers during January and February. MSCI is a trade association for service centers and metal processors across North America. It prepares the monthly summary of steel and aluminum shipments from data reported by member companies in the U.S. and Canada, and tracks inventory levels at those locations. Shipments of steel by...
Midwest aluminum premiums inched up over the past week, with market participants claiming that rising demand and limited domestic supply will continue to support current premium levels in the near term. AMM's spot P1020 premium edged up to 18.25 to 18.75 cents per pound on April 18, from 18.25 to 18.5 cents a week earlier. Sentiment was leaning toward future increases in the premium largely due to increased purchasing activities, limited North American capacity and improved weather conditions across much of country, sources told AMM. "The (Midwest) premium is more a factor of North America not investing in its smelter base," one producer source said. "There has not been a new smelter in North America for a very long time. Bottom line: It means material has to come from abroad." The influx...
New aluminium conglomerate sponsors 2014 Ideas. Arabia International Conference Emirates Global Aluminium ("EGA") - the jointly-owned, UAE-based aluminium conglomerate formed by Mubadala Development Corporation and Investment Corporation of Dubai - has continued its support for innovation and continuous improvement by sponsoring the 9th Ideas. Arabia International Conference in Dubai. The event takes place from 22 to 23 April 2014 at The Palace Hotel Downtown under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum. EGA's involvement in the annual Ideas. Arabia International Conference extends existing relationships whereby Dubai Aluminium PJSC (" DUBAL ") - which will become an operating subsidiary of EGA on the latter's incorporation - was the main sponsor of the event on five...
Powerdyne International, Inc., a manufacturing company that builds and leases electrical generation equipment, today announced it has finalized a Memorandum of Understanding (MOU) with Silver City Aluminum Company in Taunton, MA. The MOU calls for Powerdyne International to manufacture two 500 kw PDIGensets for Silver City Aluminum. The agreement is based on months of planning and development along with the recently completed engineering study according to Dale Euga, President and CEO of Powerdyne International, Inc. "The MOU is a great step forward in continuing our ongoing relationship with Silver City Aluminum Company," said Euga. "We believe this initial order for two of our PDIGensets is an ideal way to demonstrate to Silver City Aluminum, as well as other potential clients, the...
Markets have a positive outlook for aluminum in 2014, and expect consumption to grow by about 6%, the same as in 2013. But capacity cuts may lower the surplus during the year as we have seen industry is shutting down inefficient plants to support prices. While most large aluminum companies are taking similar steps, new capacity coming up may result in a surplus situation still. China will be the deciding factor. It is both a large consumer and producer of the metal, and, at current prices, a significant portion of China’s aluminum capacity is estimated to be unviable. If China’s demand slows, that has negative implications. This interplay then is likely to significantly influence how aluminum prices behave in 2014. To sum it up, our take on aluminium is positive for the short to medium...
LME aluminium is expected to retest a support at $1,848 per tonne, as a drop from the April 11 high of $1,902.50 has not completed. The drop followed the completion of an uptrend that developed from the Feb. 3 low of $1,671.25. A Fibonacci retracement analysis on the trend reveals the support at $1,848, the 23.6 percent level, which has caused the current rebound. This rebound has been driven by a wave b, the second wave of a three-wave cycle starting at $1,902.50. This wave will be totally reversed by a downward wave c, which may eventually travel to $1,814, the 38.2 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 professional or other...
With the announcement of its new feature, LME has given the traders more number of options than before. Specifically, LME will give the aluminium traders ability to hedge the price of the metal due to the continuous rise in the price of metal as a result of lengthy delivery times. This new contract will cover the aluminium traders in Western Europe, North America and Asia. There hasn’t been any date yet set for the contract but it seems a North American contract will start trading in May. "The LME remains committed to addressing the underlying causes of queues, and do not believe that a premium hedging contract is a substitute for such action. However, given the likely timescale for queues to diminish at LME warehouses (including the potential delays arising from legal proceedings), a...
