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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Five city and county officials will be visiting China later this month to view a new type of aluminum manufacturing facility that is proposed here. The plant is said to be the first in North America to combine aluminum cast house operations with the making of extruded products (parts) and rolled (sheet metal) products under one roof. If the planned 2.95 million square foot Barstow Aluminum Corp. factory is built here, experts say it will be “a game changer” for this High Desert city of 23,000. Making the trip during the week of April 21 will be Kelly Reenders, administrator of the San Bernardino County Economic Development Agency, Barstow Mayor Julie Hackbarth-McIntyre, City Council member Merrill Gracey, City Manager Curt Mitchell and Oliver Chi, the assistant city manager who has been...
Top-aluminium Memorandum of cooperation in production of aluminum was signed between Kazakhstan and Bahrain on Monday, Kazakh media said. Vice Prime Minister – Minister of Industry and New Technologies of Kazakhstan Asset Issekeshev and Bahrain's Minister of Industry and Commerce Hassan Abdulla Fakhro signed the memorandum of cooperation during the business forum on strategic partnership between the countries. Mr Issekeshev said that their is a great potential for cooperation with Bahrain in the sphere of aluminum processing. Within the business forum, the sides also signed a memorandum of cooperation and development of business ties between the Chambers of Commerce of the two countries.
Alcoa Inc., the largest U.S. aluminum producer, was cut to junk by a second ratings company as a global oversupply of the metal hampers profitability. Fitch Ratings cut Alcoa’s credit grade one level below investment grade to BB+ from BBB-, it said yesterday in a statement. It sees Alcoa’s total debt (AA:US) remaining more than 2.5 times its earnings before interest, taxes, depreciation and amortization. Alcoa is working to reduce dependence on the price of raw aluminum by shutting high-cost smelters and boosting sales of specialized shapes and alloys for customers in growing industries such as aerospace and autos. The company was cut to junk by Moody’s Investors Service in May. Standard & Poor’s rates its debt BBB-, the lowest investment-grade level. New York-based Alcoa was removed from...
RHB Research has maintained its Buy call on Press Metal with a fair value of RM4.11, it said on Monday. RHB Researh said while both the group’s smelters are now in full production mode, it expects the group earnings to surge 87.7%/29% in FY14/FY15. It said aluminium prices jumped 10.5% in the last three weeks, particularly after the London Metal Exchange (LME) lost a lawsuit that forced it to shelve its new warehousing policy, which was designed to reduce its deadlocked inventory, which many believe was tied to contango financing. “While we concur that the event may have boosted market sentiment and resulted in an uptick in aluminium prices, we think this coincides with the improving fundamentals of the aluminium industry. “After almost a decade of capacity curtailment, the moderate...
Aluminium Bahrain B.S.C. (Alba) is pleased to announce that it has achieved 2,000,000 work hours without Loss Time Injury (LTI), thus demonstrating the company’s progress in achieving a zero accident work environment for employees across the plant. Alba’s Executive Management team and other managers congratulated all employees on their involvement in this success and praised them for their proactive attitude and commitment towards safety. Commenting on the safety milestone of 2 million working hours without LTI, Alba’s Chief Executive, Tim Murray said: “I congratulate each and every employee for helping Alba achieve this outstanding success, which is a testimony that safety at Alba is not merely a regulatory requirement but is embedded in our work culture. We will continue to remain...
Sohar Aluminium, Oman's biggest non-hydrocarbon industrial venture, has approved plans for the implementation of a productivity optimisation project that will boost output by a significant 28,000 tonnes of primary aluminium annually. The so-called 'Amperage Creep' project is one of two important initiatives launched by the company with the aim of optimising energy efficiency and productivity at its giant smelter located in Sohar Industrial Area. The other initiative concerns a comprehensive revamp of the potline designed to achieve a reduction in energy consumption, according to a top official. "During the last two years, Sohar Aluminium (SA) initiated an upgrade of the pot lining, thereby opening new avenues in terms of current efficiency and operating amperage. The full deployment of...
RUSAL/RUAL, a leading, global aluminium producer, announces investment of over USD5.5 million in aluminium-zirconia wire rod production. The first samples of high-tech products have already been certified by consumers. This is the first innovative wire rod production for electric power industry to be launched in Russia. Aluminium-zirconia wire rod production will be sited at the Irkutsk alumimium smelter (IrkAZ). Total investments in R&D and equipment for wire rod production and thermal treatment will exceed USD5.5 million. As of today, RUSAL’s aluminium-zirconia wire rod production technology has been proven, and the wire rod has been certified by Russia's leading cable producers. RUSAL has signed a contract with Seco Warwick to supply electrothermal equipment to IrkAZ. Under the...
LME aluminium is expected to test a support at $1,856 per tonne, a break below which will lead to a further loss to $1,827. The support has been formed around the 23.6 percent Fibonacci retracement on the rise from the March 21 low of $1,705.50 to the April 11 high of $1,902.50. It will temporarily block the way towards the 38.2 percent retracement at $1,827. A rebound might be triggered when aluminium arrives at $1,856 as the rise from $1,705.50 was so sharp that bulls may not be ready to give up yet. 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...
Energy Minister Phillip Paulwell has expressed concern about Russian aluminum company UC Rusal's move to expand its businesses elsewhere while its interest in Jamaica continues to lag behind. Energy Minister Phillip Paulwell yesterday told a parliamentary committee that he was taken aback by news that UC Rusal is set to embark on mining activities and plans to develop a refinery in Indonesia. He was speaking during yesterday’s sitting of the Standing Finance Committee of Parliament. During the sitting of parliament on March 25 opposition spokesman on finance Audley Shaw raised concern that there are no clear signs as to when the Alpart and Kirkvine plants, which are owned by UC Rusal, will reopen. The plants have been closed since 2009. Shaw said the bauxite industry is an integral part...
Base metals were supported by minutes of the Federal Reserve's March meeting, which suggested U.S. policy makers would be more cautious about raising interest rates than some analysts had expected. The Fed minutes also dented the dollar, which fell to a three-week low against a basket of currencies, further supporting commodities priced in dollars, making them cheaper to buy for consumers outside of the United States. Sentiment also got a boost from data on Thursday showing U.S. jobless claims fell to a seven-year low. Aluminium was a top gainer, climbing to a high of$1,895.75 a tonne, the strongest since Oct. 30 last year, before paring gains to close at $1,893, a 1.93 percent rise.
Media representatives are invited to attend a press conference with Jean Simard, President of the Aluminum Association of Canada, and three leaders from major Quebec smelters, namely André Martel, President and Chief Executive Officer of Aluminerie Alouette; Martin Brière, President of Alcoa Canada Global Primary Products; and Étienne Jacques, Chief Operating Officer of Rio Tinto Alcan, Primary Metal, North America. Complete details on a major global aluminum industry conference, taking place this June in Montreal, will be unveiled at the press conference. This event will bring together leading industry experts, specialists and players from every continent. Energy, advanced processing and sustainable development are some of the key issues that will be discussed at length.
Hindalco Industries advanced 4.23% to INR 142.95 at 10:45 IST on BSE after Alcoa Inc reported quarterly earnings that beat analysts' expectations on Tuesday, 8 April 2014. Meanwhile, the S&P BSE Sensex was up 96.02 points or 0.43% at 22,439.47. The stock market was closed on Tuesday, 8 April 2014 on account of Ram Navami. On BSE, so far 2.68 lakh shares were traded in the counter, compared with an average volume of 10.61 lakh shares in the past one quarter. The stock hit a 52-week high of INR 143.45 in intraday trade today, 9 April 2014. The stock hit a low of INR 138.40 so far during the day. The stock hit a 52-week low of INR 83.05 on 7 August 2013. The stock had outperformed the market over the past one month till 7 April 2014, gaining 10.03% compared with the Sensex's 1.93% rise. The...
Plans to build a large biomass plant and eco park on the site of the former Anglesey Aluminium works near Holyhead have taken an important step forward. The UK government has approved design changes to the proposals by Chester-based Lateral Power. Plans for a biomass plant at the site were first put forward in 2009 and a licence was granted in 2012. The factory could create 400 new jobs with an extra 600 in the construction phase. A spokesman for the Department of Energy and Climate Change (DECC), which first granted permission for the plant in 2011, said ministerial consent had been given to allow for some technological changes to the biomass generating station at Penrhos Works. The plant is expected to generate 299MW of electricity, which is enough to power about 300,000 homes. Anglesey...
LME aluminium is expected to peak in a range of $1,866-$1,885 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis. The metal is riding on the final wave of a five-wave cycle rising from the March 19 low of $1,704.25. These five waves have made up a bigger wave c, which may end in a range formed by its 123.6 percent and the 138.2 percent Fibonacci projection levels. Given that the third wave of the cycle, the wave 3, has much extended, the chance of an extended fifth wave will be slim. Putting in other words, the wave 5 will not travel to the 161.8 percent projection level at $1,915. 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...
The Australian Industry Group is pushing back on the aluminium sector's call for a full exemption from the Renewable Energy Target, arguing it could lift power costs for other large electricity users, Carbon and Environment Daily reports. According to the website, the alumininum sector already claims two-thirds of all partial RET exemptions for large electricity users, designed for trade-exposed industries, but the aluminium sector says the scheme is still driving up power costs by $80 million a year, adding $40 to the cost of a tonne of aluminium which is currently selling for $1700. Australian Aluminium Council executive director Miles Prosser told CE Daily the government could do more than adjust exemptions to help others' with power prices: "It can adjust the target, it can adjust...
China Aluminum International Engineering Corporation (Chalieco) on February 21 priced its perpetual securities amounting to US$300 million with a unique structure that helped generate sufficient investor demand. The Reg S deal has an initial distribution rate of 6.875%. The first call date is at year three with reset at three-year US treasuries plus initial spread and 500bp. Then it can be called anytime afterward on a coupon payment date. Other features of the securities, according to a Nomura report, include cumulative and unlimited coupon deferral at the issuer’s discretion and a dividend pusher with a three-month look-back. It notes that the change of control clause is a call, not a put option, if the guarantor ceases to 100% own the issuer, or the State-owned Assets Supervision and...
China Aluminum exports reached the highest level since the last 2 years in the last month as traders got very high returns amidst a record premium while shipping the metal overseas. Unwrought aluminum exports and aluminum products were 370,000 mt tons in the month of March, according to customs data. This data was the highest recorded since 390,000 tons in 2011 July and more than almost the double what was in February. Premiums added to LME aluminum price to secure their delivery reached a record price in U.S and Europe in the first 2 months of this year, and they are always highly priced in Japan, as per the report of Harbor Intelligence, a researcher in Austin. “Exports rose as traders pursued profits from arbitrage with higher overseas premiums,” said Wang Chunhui, an analyst in...
Aluminum Association has come up with its brand-new website. This is their first redesign since 2008. The sleek new website is the result of a 10-month process involving numerous stakeholders both within and outside the aluminum industry. This critical communication platform aims to share the aluminum industry’s story as an essential element of modern, high-tech manufacturing in a simple yet detail manner. The Association highlights the following features of the new website for the users: • Learn the Industry’s Story: Under Industries & Product Markets, you’ll learn the story of the aluminum industry – from the mining of bauxite to end products and finally to recycling. A clickable infographic guides the way through the industry’s process and products. • Review the Sustainability...
