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 prices softened by 0.68 per cent to INR 109.65 per kg in futures market today as speculators reduced their positions, driven by sluggish demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in May declined by 75 paise, or 0.68 per cent to INR 109.65 per kg in business turnover of 41 lots. Similarly, the metal for delivery in April shed 65 paise, or 0.60 per cent to INR 108.25 per kg in 768 lots. The exchanged opened for the evening session. It remained closed for the opening session for 'Ram Navami'. Market analysts said speculators reduced their positions, driven by sluggish demand in the spot market mainly led to decline in aluminium prices at futures trade.
Noranda Aluminum Holding Corporation will announce financial results for first quarter 2014 in a news release before the NYSE opens on April 23, 2014. Management will review those results during a conference call at 10:00 AM Eastern on April 23, 2014, followed by a question-and-answer session. The call will be broadcast over the Internet on the homepage of the company website. The webcast will be archived shortly after the conference call concludes and will be available for replay. Conference Call Information U.S. participants: (855) 232-8956 International participants: (315) 625-6978 Participant Passcode: 20135242 Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products, as well as high quality rolled aluminum coils.
RUSAL’s lenders have agreed that they will not take any action against the company on any defaults for at least a period of 3 months, while RUSAL is in talks with its lenders to revise the lending terms up to $5.15 bn in debt. The debt renegotiation is very important for the largest producer of aluminum; RUSAL Plc as the prices of aluminum has remained the lowest in the four and half years. The company had reported its 2nd annual loss in March. RUSAL said that they are trying to convince their lenders to defer loan repayment dates and reconsider $4.75 bn and $400 mn of syndicated facilities that the company wants to merge into a single agreement. Majority of the lenders has agreed to take any steps against RUSAL until 7th July or till the time any amended agreement is being reached, if...
Aluminium Bahrain B.S.C (Alba) kick starts 2014 on a solid note - sales figures for the first quarter rose by 3.1% year- on-year (YoY) to 226,472 metric tonnes (mt) while production figures were up by 2.1% YoY to reach 232,298 mt ahead of the company’s own forecast for the period (versus 227,414 mt for Q1 2013). Moreover, Alba closed the first quarter of 2014 with an average of 66% in Value-Added Sales on the back of sound demand of Value-Added products. Commenting on Alba’s sales and production figures for Q1 2014, Alba’s Chief Executive Officer, Tim Murray said: “The underlying physical demand and premiums remains very strong. Alba was able to deliver on its marketing strategy as a way to contribute to the bottom line despite the lower LME prices.” Aluminium Bahrain B.S.C (Alba) will...
Alcoa reported strong quarterly results yesterday, offset by special items tied to restructuring as the Company’s transformation accelerates. In first quarter 2014, Alcoa reported a net loss of $178 million, or $0.16 per share, which includes $276 million in special items largely tied to smelter and rolling mill capacity reductions. Excluding the impact of special items, net income was $98 million, or $0.09 per share. Alcoa’s value-add businesses drove 76 percent of segment profits in first quarter 2014, with record first quarter results in Engineered Products and Solutions and a near three-fold sequential increase in profitability in Global Rolled Products. Alumina reported the best quarterly after-tax operating income (ATOI) since 2011 and the combined upstream segments have improved...
The Aluminum Extruders Council (AEC) announced the results of the annual election of officers and directors at the 65th Annual Meeting & Leadership Conference on March 19, 2014 in Coral Gables, Florida. Richard A. Merluzzi, CEO of Pennex Aluminum Company in Wellsville, Pennsylvania, was re-elected to serve a one-year term as Chairman of the Aluminum Extruders Council. Matt McMahon, President of Pries Enterprises, Inc. in Independence, Iowa, was elected to serve a one-year term as Vice Chairman of the Council. Duncan Crowdis of Bonnell Aluminum Company in Newnan, Georgia was re-elected as Immediate Past Chairman and Rand Baldwin was re-elected to the non-voting position as President of the Council. Four new members of the Board of Directors, all elected to three-year terms as Extruder...
BHP Billiton has resumed their negotiations on an aluminum contract with Eskom in Richard Bay after a few days just before National Energy Regulator (Nersa) was about to start their hearing process which would have resulted in the contract cancellation. According to reports, BHP Billiton wants to do away with all its aluminium smelters and other interests in Northern Cape. They plan to list themselves completely as a separate company in London, Johannesburg and Melbourne. Thembani Bukula, the board member in charge of electricity at Nersa has requested suspension of injury into controversial aluminium contracts. According to this contract, 7% of the power of the country goes to aluminum smelters. But the power is bought it half the price of the generation cost of Eskom. The public is...
Garry Jones, the Chief Executive Officer of London Metal Exchange, said the company plans to introduce a new aluminum premium contract possibly by the end of 2014. The size of the contract will be 25 mt tons and will also have a swap of warrants or the bearer documents for a particular type of the metal, Bloomberg states after going through LME’s draft of specifications. “We hope it could be towards the end of this year or beginning of next year,” Jones said in an interview in Santiago yesterday. “We’ve got the specification, and then we have to get a regulatory approval, and then we have to make some system changes. It normally takes at least six months to go through all those processes.” In the last 5 years, the aluminum premiums quadrupled in U.S due to financial transactions. The long...
The London Metal Exchange may not launch its new aluminium premium contract until early next year, the exchange's top executive said on Monday, months after a competing product from U.S. rival CME Group Inc is expected to go live. The distant date for the new LME contract will stir the debate over its ability to resolve the years-long issue of backlogs and inflated physical prices that U.S. end users say are costing the industry $6 billion each year. "The regulatory process alone takes about six months, so we'll be pushing to get it done before the end of the year. It may not happen until the first quarter of 2015," Chief Executive Garry Jones said on the sidelines of the CESCO/CRU copper conference. Consumers say the LME's mainstay contract is broken because of the yawning gap between...
Emirates Global Aluminium has been officially incorporated, creating an entity accounting for 50 per cent of total GCC aluminium output. Mubadala Development and the Investment Corporation of Dubai announced yesterday the completion of the deal to merge their two aluminium assets into one jointly-owned entity . Plans were revealed in June to combine Emirates Aluminium (Emal) and Dubai Aluminium (Dubal) under a deal in which Mubadala purchased half of Dubal. The move raises Abu Dhabi’s footprint in the aluminium sector. While Emal was a 50/50 joint venture between Mubadala, a strategic investment company owned by the Abu Dhabi Government, and Dubal, the latter was wholly owned by ICD, the Dubai Government investment funf. The company will be managed by a board of directors chaired by...
Century Aluminum Company will report first quarter 2014 earnings on Thursday, April 24th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Thursday, April 24th at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call.
LME aluminium has found a support at $1,816 per tonne and may hover above this level for a trading session or revisit its April 4 high of $1,849. The support is provided by the 61.8 percent Fibonacci retracement on the fall from the Oct. 29, 2013 high of $1,905.75 to the Feb. 3 low of $1,671.25. An upward wave c driving aluminium from the March 19 low of $1,704.25 seems to be only partially completed, as a result, the current support may work effectively. A break below the support will cause a further drop to $1,789, the 50 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...
UC RUSAL, operators of the ALSCON smelter plant at Ikot Abasi, Akwa Ibom State, weekend, denied accusations that it had cannibalised the aluminium smelter plant. The company said in a statement by Morenko Elena, of the International Media Relations office in Moscow, that it had in fact taken efforts to sell obsolete assets to minimise losses, adding that this was one of the many factors that led to the suspension of primary aluminium production at the smelter in March 2013. He said: “A key precondition for ALSCON’s successful operation is an uninterrupted supply of natural gas. However, the lack of a reliable gas supply has been a major obstacle to the development of ALSCON. Since it was re-commissioned in 2008, ALSCON has suffered six lengthy disruptions to its gas supply, resulting in a...
Aluminum has headed for its biggest weekly advance since 2012 November in London as there were orders to withdraw aluminum from the warehouses and producers have also cut down their output. According to LME data, canceled warrants (as they call the orders) jumped to its highest level this week since 2012 December. Traders reserved about 300,000 metric tons of aluminum for withdrawal at Vlissingen, LME’s biggest aluminum depository. Last week Alcoa said it will cut down the capacity at their Brazilian smelters due to lower prices and higher costs. Canceled warrants, as the orders are known, jumped the most this week since December 2012, London Metal Exchange data showed. Traders earmarked almost 300,000 metric tons for withdrawal at Vlissingen, the biggest LME aluminum depository. Alcoa...
Analysts are looking for decreased profit for Alcoa when the company reports its results for the first quarter on Tuesday, April 8, 2014. Alcoa reported profit of 11 cents a year ago, but the consensus estimate calls for earnings per share of four cents this time around. Over the past month the consensus estimate has gone up, from four cents, but it’s the same as the estimate from three months ago. Analysts are projecting earnings of 37 cents per share for the fiscal year. Analysts look for revenue to decrease 5% year-over-year to $5.56 billion for the quarter, after being $5.83 billion a year ago. For the year, revenue is expected to come in at $23.05 billion. Over the last four quarters, the company saw a year-over-year drop in revenue by an average of 3%. The biggest fall was in the...
The UAE's industrial flagship- Emirates Global Aluminium ("EGA") - will participate at this year's Hannover Messe, which takes place in Germany from 7 to 11 April. The annual event is the world's leading industrial and technological trade fair, attracting over 200,000 visitors from 71 countries. This will be the first time that EGA - the jointly-owned, UAE-based aluminium conglomerate being formed by Mubadala Development Corporation and Investment Corporation of Dubai - will take part. Saeed Fadhel Al Mazrooei (designate CEO: UAE Operations at EGA) commented: "Hannover Messe offers a perfect forum to promote the excellence-based partnerships that the UAE has developed with the business community around the world. It is also the ideal platform to demonstrate the industrial investment...
Aluminium prices edged up by 0.18 per cent to INR 109.80 per kg in futures trade today as participants enlarged their positions, supported by a firming overseas trend. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in April inched up by 20 paise, or 0.18 per cent, to INR 109.80 per kg in business turnover of 110 lots. Likewise, the metal for delivery in May traded higher marginally by 15 paise, or 0.14 per cent, to INR 111.15 per kg in 3 lots. Marketmen said apart from increased domestic demand, a firming global trend on concern that global supply will be limited on longer delays to take delivery from warehouse and production cuts, helped aluminium futures to trade higher. Globally, aluminium for delivery in...
Aluminium has jumped 6 per cent in the week since the London Metal Exchange was forced to halt a plan to cut queues at its global warehouse network. Prices for three-month delivery at the LME rose to $1,838 a tonne on Thursday, a five-month high. The increase will bring some relief to aluminium producers, including Rusal, Alcoa and Chinalco, which have all been forced to cut output sharply due to sustained low prices. Alcoa cut 147,000 tonnes of capacity at two smelters in Brazil last week. Lightweight but strong, aluminium is one of the most widely consumed industrial metals and is used in the transportation, beverage can and construction industries. The price reached $3,114 a tonne in 2008, shortly before the financial crisis, but the build-up of vast stockpiles, estimated at more than...
