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...
Grow with
AL Circle
Aluminium Bahrain B.S.C (Alba) welcomed a high level delegation of Labour party members from the House of Lords and House of Commons of the UK Parliament. The delegation -- comprising Lord Noon of St. John’s Wood KT MBE, Lord Clive Soley, Rt. Hon Hazel Blears, MP, Patricia Janet, Baroness Scotland of Asthal, QC and Lord Patel of Bradford – is on a visit to the Kingdom to familiarise themselves with the country and with Bahrain’s industry leaders. The guests were received by Alba’s Chief Executive Officer, Tim Murray, Chief Operations Officer, Isa Al Ansari, Chief Financial Officer, Ali Al Baqali, Director, Power and Utilities, Amin Sultan, Manager, Reductions Lines 1-3, Nabeel Ebrahim Al Jallabi and Chairman of Alba Labour Union Ali Al Binali. Commenting on the visit of the high-level UK...
Aluminum Corporation of China (Chalco) has announced that it would halt 600,000-tpy of the total capacity of aluminium production and 800,000-tpy of the total alumina capacity as there is a severe overcapacity in the alumunium industry. The company has planned to adopt “flexible production” in order to combat the industry’s excess overcapacity, it told Shanghai Stock Exchange today. It said the other reasons behind production costs are low aluminum prices as well as high electricity costs.
Aluminium outlook for 2014 appears positive with consumption to grow by 6% as in 2013 but new capacity creation despite shut down of inefficient plants could have a bearing on market. China, the largest consumer and produce of the metal would be a deciding factor for the commodity, according to Motilal Oswal Commodities in a monthly insight report. Aluminium prices on the LME jumped to its highest level in eight months, as a series of capacity cutbacks by top producers underpinned the market. And just a couple of weeks ago, aluminum prices were hitting their 4 year lows on excess material stocked up in inventories and the premiums set to go down from April 1st. Aluminium is one of the most widely consumed industrial metals and is used in the transportation, beverage can and construction...
Media representatives are welcome to join the May 5-7 conference to meet with leading industry experts. The final speakers list for the 4th international Aluminium and Carbon Conference has just been announced and has attracted influential delegates from smelters, producers, traders, and financial and investment companies from more than 30 countries. Presentations will focus on the key challenges and opportunities that face the aluminium industry in light of difficult economic conditions, recent closures and new developments. The theme of the conference is “2020 Vision – Aluminium Outlook” , and in that framework, speakers have been asked to cast their view forwards to the end of this decade, to share their vision for how China’s economy and the aluminium industry will evolve. With both...
Analysts are growing optimistic and raising earnings forecasts for Press Metal Bhd (Press Metal) as the group is in the early stage of an earnings upcycle. Its strong investability is premised on improved balance sheet, upturn in aluminium prices and premiums and capacity boost following the production ramp-up of its two plants, said AmResearch Sdn Bhd (AmResearch) “Press Metal’s balance sheet is being bolstered by recent initiatives such as the exit of its loss-making Chinese smelter business and a sale of a 20 per cent stake of its Samalaju plant to Sumitomo,” it said, adding that provisions have also been made for the shutdown of its Mukah plant last year. “As capex has been frontloaded, net gearing will fall to 0.9 times this year, and further to 0.5 times in financial year 2015...
As the challenges in aluminium industry persist, BHP Billiton, the global resource giant, have decided to cut down the capacity at Alumar smelter in Brazil starting in June quarter. The new curtailment by BHP follows suspension of Alumar’s 45,000t capacity in September 2013 quarter, said the company in their latest production report. The production of aluminum at Alumar had gone down by 30% to 26,000t in March quarter. But there was an increase in the output of alumina by 4% to 314,000t. Alumar smelter is a partnership between Alcoa and BHP Billiton and Rio Tinto’s Alcan subsidiary. This refinery was started in the year 1984.
We had a bullish outlook on Aluminum yesterday but, it declined sharply during the early US session when the dollar index surged. The commodity finally ended on a lower note at Rs 110.20, down by 1.50% while it settled lower at $1852 at the LME. We also believe it was a broad based sell off that pulled the commodity lower. Aluminum inventory at the LME declined to 5334175 tons but, the impact was not visible on the prices. As stated, the price fall was mostly because of a broad based sell off. This morning at the LME, aluminum prices are seen trading at $1843, down by $8 from the previous close. We believe the fall could be expected to continue in today’s trading session. Though volume participation was low in the market, we believe some more price correction can be expected. Also, the...
Government officials say recent tests turned up contaminates in the water on and near the Columbia Falls Aluminum Company site. Tonight, state and federal officials met with residents to talk about taking steps to declare it a Superfund site. A recent environmental protection agency study turned up small amounts of cyanide in water near the Columbia Falls Aluminum Company site. "It is eligible for the national priority list. We did find contamination in the ground water at the site itself, as well as in a nearby residential area,” said Rob Parker, EPA Site Manager. The EPA tested five residential wells near the CFAC site. Results indicate two contained cyanide, but at small enough levels to be still considered safe under the safe drinking water act limits. However, water on the CFAC...
Aluminium Bahrain B.S.C. (Alba) demonstrated its support towards initiatives that develop the careers of young Bahrainis through its sponsorship of the Bahrain Training Institute (BTI)’s Career Week 2014, taking place from April 15 to 17, 2014 at the institute’s premises. Held under the patronage of His Excellency the Minister of Education, Dr. Majed bin Ali Al Nuaimi, the BTI Career Week 2014 presents an opportunity for Alba to interact with BTI graduates and share with them the success story of the company, as well as encourage them to consider the aluminium industry as a career option. Commenting on the support of the BTI’s Career Week 2012, Alba’s Acting Director for Administration, Abdul Rahman Janahi said: “As a Bahraini company, we remain committed towards supporting initiatives...
The aluminium smelters in New Zealand have again decided to let its finances flow after months of tough cutbacks. A project worth $8 million capital has replaced reduction lines standby transformer and is carried out at Tiwai Pt. Plant. The NZAS has employed the Southland firms for carrying out the infrastructure work. Gretta Stephens, the general manager of NZAS, said this important project was a part of $70m capital that had to be stopped in the year 2012. The project started again after negotiations were made in the power agreement. It is expected the new transformer would be shipped from Korea’s Hyosung factory to NZAS and will arrive in the coming month. Commissioning would occur in the month of June or July. Gretta Stephens said, the new transformer was a replacement for the old one...
Qatalum stepped into 2013 with the goal of becoming one of the world’s top ten smelters, by surpassing a number of targets set out in the Qatalum Improvement Programme (QIP). The Programme aims to improve the cash cost of aluminium production over the next five years. Overall by the end of 2013 the company surpassed its improvement target by 50%. The increase in efficiency was done without compromising safety as part of its ongoing mission towards zero harm. According to Deon Earle, Qatalum’s HSE Manager, a Total Recordable Injury Rate (TRIR) of 0.69 per million working hours, including directly supervised contractors, was achieved for the year 2012 amounting to a considerably better performance than the year’s target of 0.85. “This indicates how serious Qatalum Management is about HSE...
Emirates Aluminium ("EMAL") has continued its impressive Health and Safety record sustained throughout the operation of Phase I and has been recognised by receiving the prestigious 2014 Gold Award for Occupational Health and Safety from the Royal Society for Prevention of Accidents ("RoSPA"). This is the second consecutive year that EMAL has won the RoSPA Gold award, reaffirming the Operations' leading position in occupational health and safety across diverse industrial sectors. EMAL's achievement is a reflection of the emphasis placed on Safety within the Corporate Values of Emirates Global Aluminium ("EGA") - the jointly-owned, UAE-based aluminium conglomerate formed by Mubadala Development Corporation and Investment Corporation of Dubai through the combination of their respective...
Rio Tinto is raising its annual dividend by 15 per cent after adjusted profits increased last year to US$10.2 billion on a strong turnaround in its Canadian-based aluminum division. The world's second-largest miner said Thursday that its underlying earnings increased 10 per cent to US$5.53 cents per share on record production in some metals as well as cost reductions and layoffs across its operations. “These strong results reflect the progress we are making to transform our business and demonstrate how we are fulfilling our commitments to improve performance, strengthen the balance sheet and deliver greater value for shareholders," said CEO Sam Walsh. The US$1.92 per share dividend reflects the company's "confidence in the business and its attractive prospects," Walsh added. Net profits,...
A UK court ruling halting the London Metal Exchange’s plans to reduce the logjams in warehouses is pushing up aluminium prices globally. The metal, used for making cans to aircraft parts, gained 3.70 per cent last week with prices rising nearly nine per cent in a month. Last week’s gains were the third in a row after the court’s order on a petition from Russian aluminium maker Rusal. (Russia accounts for 12 per cent of aluminium produced globally. About 80 per cent of the production is exported with last year’s shipments being 3.36 million tonnes.) The London High Court struck the LME’s warehousing reform process because it found that “consultations had been unfair and unlawful”. Rusal petitioned the court fearing that prices of its products will suffer from the exchange’s plans to make...
UC RUSAL, a leading global aluminium producer, announces the trial production of red mud-based flux additives at the Urals aluminium smelter (UAZ). In 2014, the company plans to produce its first scandium concentrate. Both new products will be produced at a large output rate. In 2013 RUSAL’s R&D proposed a new technology, and a pilot production area was launched to test the red mud recycling process at UAZ that later resulted in quite a successful flux additives production initiative that supplied 1,000 mt of flux to MMK (Magnitogorsk), Tulachermet (Tula), Uralskaya Stal and Severstal Scandium concentrate will be used in production of scandium and aliminium alloys. In March 2014 UAZ started building their own scandium concentrate capacities (2 tonnes a year) that are scheduled to be...
Hydro has entered into a binding agreement to sell its special alloy aluminium casthouse in Hannover to IQ Industrial Holding S.à r.l. (Luxembourg), a private industrial holding group with operations across Europe. The Hannover casthouse is focused on special aluminium alloys, mainly hard alloys for the aerospace industry. Through the agreement, IQ Industrial Holding will acquire 100 percent of the shares in Hydro Giesserei Hannover GmbH. The Hannover casthouse was taken over by Hydro through the acquisition of VAW aluminium AG in 2002 and is considered non-core business. The casthouse supplies its hard alloy products mainly to a customer located wall-to-wall. The Hannover casthouse has around 30 employees and produced approximately 12,000 tonnes of aluminium products in 2013. The...
Aluminium prices fell by 0.35% to INR 113.80 per kg in futures trading today, largely in tune with a weakening trend in the global markets on demand concern. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in May eased by 40 paise, or 0.35%, to INR 113.80 per kg in business turnover of 12 lots. The metal for delivery in April fell by 35 paise, or 0.31% to INR 112.80 per kg in 11 lots. Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in metal at the London Meta Exchange and subdued demand at domestic spot markets.
Emerging-market stocks fell for a second day and currencies weakened as Sinopec Shanghai (338) Petrochemical Co. led a drop for material companies while tensions in Ukraine escalated. Sinopec Shanghai tumbled the most in two weeks in Hong Kong after saying it expects a loss in the first quarter. United Co. Rusal, the world’s largest aluminum producer, slid 3.3 percent in Hong Kong. South Korea’s won, Malaysia’s ringgit and Turkey’s lira dropped at least 0.2 percent against the dollar. Chongqing Changan Automobile Co., Ltd. (200625) surged by the 10 percent daily limit in Shanghai after forecasting higher profit. The MSCI Emerging Markets Index retreated 0.4 percent to 1,011.82 as of 1:20 p.m. in Hong Kong. Russia and the U.S. traded barbs at an emergency meeting of the United Nations...
