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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Hydro's first quarter results 2014 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday April 30, 2014. The quarterly report and presentation slides will be available on Hydro website at the same time. Hydro will host a combined analyst and press conference, in English, at its corporate headquarters at Drammensveien 260, Oslo at 08:30 CET the same day. The presentation will be held by President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik and can also be seen on web TV. There will be a Conference Call at 15:00 UK Time (16:00 CET, 10:00 AM EST,) the same day. The Q&A will be held by President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik. The Q&A will be available for two months on Hydro’s website.
The Aluminum Association announced today the addition of Blaylock Industries to its roster of member companies. In addition, Anthony Ashe, Vice President Commercial, Sales & Marketing at Alcoa, was added to the Association’s Board of Directors. The announcements were made during the Aluminum Association’s biannual spring meeting in San Antonio, TX where the industry highlighted “The Power of Modern Metal.” “Both of these moves are exciting for the industry and the Association,” said Aluminum Association Chairman Layle “Kip” Smith, President of Noranda Aluminum. “The aluminum industry is poised for continued growth as U.S. manufacturing experiences a resurgence and it’s encouraging to see the Association growing at the same time.” Blaylock Industries, Inc., based in Fort Worth, TX,...
XinRen Aluminum Holdings, the China based firm has agreed to raise their stake in aluminum smelter from 21% to 51% for 3.15 bn yuan. XinRen talked about their decision to use its option of raising its stake in Xinjiang Production, the leading International Group in China and Construction Corps Agricultural Division Eight Xinjiang Tianshan Aluminum Plant Co. The purchase of the stake will be sourced from the internal sources; borrowings from bank and also include proceeds from the fundraising exercises. XinRen said their decision will help them in consolidating the results of lucrative enterprise. This enterprise contributed a total of 93.6 million yuan to the net profit of the group last year.
Aluminium prices fell by 0.23 per cent to INR 109.55 per kg in futures trading today as speculators reduced their positions amid weak global cues. 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 25 paise, or 0.23 per cent, to INR 109.55 per kg in business turnover of nine lots. The April contract shed 15 paise, or 0.14 per cent, to INR 108.25 per kg in 367 lots. Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the London Metal Exchange (LME). At the LME, aluminum lost 0.2 per cent, snapping a five-day gain, the longest winning streak since September 2012.
The month of March saw a decision in the closely-followed lawsuit filed by the world’s largest aluminum manufacturer, UC Rusal, against the London Metal Exchange over long queues to remove product from LME warehouses. It was also the month that CME Group, owner of the Chicago Mercantile Exchange, announced a new aluminum futures contract that will begin trading out of the Midwest soon. The monthly Aluminum MMI® registered a value of 89 in April, on par with March’s value. The 3-month LME price closed the month of March at $1,773 per metric ton, experiencing very low volatility during last month. While the aluminum price remains at its lowest levels, physical premiums keep increasing their importance in the total price an industrial buyer pays for his aluminum products. This is making...
Alumunium price has witnessed the highest point in 2014 because of the concern about limited global supplies. In Brazil, the aluminum companies that have been producing the least in the last 12 years expect the authorities to provide them electric subsidy as the drought has cut down the hydroelectric generation. Alcoa Inc. also plans to cut down the output at their two smelters. RUSAL predicts that their aluminum output will witness the lowest in their production in the last 8 years. “The supply situation is definitely pushing prices higher,” Bart Melek, an analyst at TD Securities in Toronto, said in a telephone interview. On the LME, aluminum for delivery in the last 3 months rose 1.9% to settle at $1,829.50 mt. The price had reached $1,830, recorded the highest since 30 Dec.
ROCK-bottom aluminium prices have prompted Bell Bay Aluminium to shed 20 jobs from its pot lines in northern Tasmania. General manager Ray Mostogl said a restructure to improve the plant’s viability would reduce the smelter’s workforce from 453 to 433. Mr Mostogl said the aluminium market would remain tough for some time and the smelter was locked in a continuing battle for survival. “Bell Bay Aluminium has worked co-operatively with employees, contractors, many suppliers and local industry groups to achieve its best record production levels and significant costs savings during the past two years,’’ he said. “While the recent easing of exchange rates has provided some relief, the more significant decline in the commodity price and higher costs of production in Tasmania has forced Bell Bay...
Navratna' PSU Nalco has reported excellent results in terms of production performances and foreign exchange earnings for 2013-14. During the year, the company achieved record foreign exchange earnings of INR 3719 crore (provisional). As per the Public Enterprise Survey of Department of Public Enterprises, Union government, published in February 2014, NALCO has emerged as the third highest 'Net foreign exchange earning CPSE' for the year 2012-13. Besides, in terms of physical performance, NALCO has reported record performance in bauxite and alumina production for the fiscal. The company has achieved the highest-ever bauxite production of 62.93 lakh tonnes, against previous best of 54.19 lakh tonnes achieved in previous fiscal. At the same time, NALCO's Alumina Refinery has produced 19.25...
Noranda Aluminum Holding Corporation is at logger heads with electricity suppliers as it seeks lesser electric rates to sustain the employment of the nearly 888 people it employs at is smelter located in New Madrid. Noranda Aluminum Holding Corporation has laid down the price bargains with Ameren Corp, which is based in St.Louis. NOR argues that considering that this is one of the corners of the state which has seen some depressing economic conditions and its continued efforts at maintaining full employment requires co-operation from other stakeholders such as Ameren corp. NOR has since been seeking rate cut from 4.1 cents on the kilowatt to 3 cents. However, given the balance of payment structures in Missouri, this price cut for the aluminium producer would result in higher prices for...
Aluminium Bahrain B.S.C (Alba) welcomed a French delegation comprising around 30 industrial and business entrepreneurs from France and the Middle East on Tuesday, April 1, 2014, who visited Alba to further strengthen bilateral trade relations as well as familiarise themselves with the company’s operations and practises. The delegation, led by Ambassador of France H.E. Mr Christian Testot and Trade Counsellor, Frederic Mettetal, was received by Alba Executives – Chief Executive Officer, Tim Murray, Chief Marketing Officer, Jean Baptiste Lucas and Chief Financial Officer, Ali Al Baqali. Commenting on the visit of French delegation, Alba’s Chief Marketing Officer, Jean Baptiste Lucas said: “We express our thanks to the French delegation for visiting Alba, and further strengthening business...
Brazilian aluminum companies, producing at the lowest level in 12 years amid high power costs and metal price declines, expect authorities to ration supply as a drought curbs hydroelectric generation in the country. Rationing is “almost certain” within a year, Tito Martins Jr., chairman of the Brazilian Aluminum Association, which represents companies in the eighth largest aluminum-producing nation, told a conference in Sao Paulo today. While electricity prices for producers were reduced 7.8 percent last year, power costs remain the industry’s biggest hindrance, said Martins, who is chief executive of Votorantim Metais. Brazil won’t be competitive again in aluminum if it doesn’t rethink its energy pricing model, he said. Martins’ comments echo research by Citigroup Inc., which estimates a...
Aluminum edged down after the initial consolidation in the month of March on back of worries about spreading bank-ruptcies in China, after a solar panel-maker defaulted on a bond payment, sending prices to 9 months low. The looming bankruptcy of a Chinese devel-oper owing billions of yuan to domestic banks has raised worries that a softening proper-ty market is heightening risks for the financial system. The counter fell further on concerns about the economy of top consumer China following data showing weak industrial output and retail sales. Adding to fears was Chinese data show-ing growth in investment, retail sales and factory output falling to multiyear lows. The market was already edgy over slowing Chinese demand and fears that credit upheaval in the world's second-biggest econo-my...
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The Board of Directors of VHCL Industries Ltd at its meeting held on Monday, March 31, 2014, decided to consider the possibility of de-merging the Metal Division of the company into a separate entity in order to invite industry specific investment as well as unlock shareholder value. The metal division of the company has two on-going projects: - 36,000 MTPA Aluminum Alloy Plant, which is undergoing pre trials, and is expected to achieve commercial Production in a few weeks time. - 18,000 MTPA EOU project for production of Non-Ferrous alloys, which will soon start construction activity as the techno-economic feasibility of the same was approved by the Board. The Proposal outlined that the second phase expansion would require an investment to the tune of Rs. 400Cr. in fixed assets and...
Alcoa will hold a conference call on Tuesday, April 8 beginning at 5:00 p.m. EDT to discuss first quarter 2014 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available online. Conference Call Information Time: 5:00 – 6:00 p.m. EDT Hosts: Klaus Kleinfeld, Chairman and Chief Executive Officer William Oplinger, Executive Vice President and Chief Financial Officer Call: (866) 318-8619 + 1 (617) 399-5138 (International) Pass Code: 63314708 Webcast: Invest section of the Alcoa website to listen and view slides only. Presentation materials used during this meeting will be available for viewing at 4:30 p.m. at Alcoa website. Replay Information A replay of the call will be available from 10:00 p.m. EDT on April 8 until...
Aluminium prices fell 0.56 per cent to INR 105.65 per kg in futures trading today as speculators reduced their positions amid weak global cues. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in April eased by 60 paise, or 0.56 per cent, to INR 105.65 per kg in business turnover of 250 lots. Similarly, the metal for delivery in May traded lower by 45 paise, or 0.42 per cent, to INR 107.25 per kg in 3 lots. Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the London Metal Exchange after Chinese economic data showed weak recovery, lowering prospects for demand from the world's biggest consumer.
Aluminium prices could averatge $1880 per ton in 2015, rising to an average of $2075 per ton in 2015, according to Natixis in the Q1,2014 metals review. After years of chronic surplus, the global aluminium industry is going through a period of substantial change. In Russia and the west, producers continue to curtail unprofitable smelting capacity. In China, the growing influence of the price mechanism is likely to limit overcapacity in the aluminium industry. In Indonesia, the ban on exports of bauxite will deprive Chinese alumina producers of their main source of raw material. These three factors are expected to result in a further slowdown in global output growth. With demand for aluminium remaining strong, this is expected to push the market into a deficit for the first time since...
Aluminium Bahrain B.S.C. (Alba) on March 31, 2014, launched a three-day programme on “Leadership Practices 360 Feedback Process” for all its Executives and Managers as part of the Executive Education series for 2014. Delivered by Prof. Richard Daft from Vanderbilt University, USA the “Leadership Practices 360 Feedback Process” will enable Alba’s leaders to identify their strengths and areas for improvement, and involves an intensive self-assessment and inputs from co-workers over the course of the programme. Commenting on this programme, Alba’s Chief Executive Officer, Tim Murray said: “At Alba, we believe that education plays a key role in the growth of our organisation. Executive Education is a critical part of our leadership strategy, which enables our management team to compete on the...
