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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RUALR/RUALRS, a leading, global aluminium producer, announces the status of RA-400 cells modernisation project. The cell’s upgraded design and process parameters will allow reducing electricity consumption to less than 12,900 kWh per tonne with the current efficiency of more than 95.5% and at the amperage of 435 kA. The total project investment including the testing in a pilot area is estimated at USD 70 million. The RA-400 is RUSAL’s own technology developed by the in-house Engineering and Technology Centre. The project is aimed to create an innovative cell with unique upgraded features: it would operate at 400-440 kA with the cell capacity of 3,300 kg per day and total fluoride emissions less than 0.2 kg per tonne. Sixteen RA-400 cells have been tried at the testing centre of the...
National Aluminium Company Limited (NALCO) has signed an MoU with Union Ministry of Mines regarding financial and non-financial targets for 2014-15. The MoU was signed between Anup K Pujari, Secretary, Ministry of Mines and Ansuman Das, CMD, NALCO, in New Delhi, yesterday, a company release said here today. As per MoU, the net sales turnover target has been fixed at Rs 6,925 crore. As regards physical performance, NALCO has an annual production target of 68.25 lakh tonnes of bauxite, 21.65 lakh tonnes of alumina, 3.15 lakh tonnes of aluminium and power generation of 5001 million units, it said. Regarding new initiatives, the proposed major milestones would be the new wind power plant of 100 MW capacity at any suitable location in the country and commissioning of roof top solar power...
The Chairman, Ikot Abasi Local Government Area, Ufot Udoinyang, has urged the Federal Government to intervene in the ownership crisis at the Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi. Udoinyang said in Ikot Abasi, Akwa Ibom, on Sunday that the intervention became necessary to make the plant viable again. The Supreme Court had on July 6, 2012 ordered Russian Aluminum Company RUSAL to handover its ownership of ALSCON to Bidder United States Consortium (BFIG). He said the intervention would enable the public to know whether the company was owned by RUSAL or BFIG. Since the ownership crisis, the company that produced aluminum ingots and provided jobs to hundreds of youths in Akwa Ibom had not been in real business. “Because of the court case, the company is living with fear of...
The chief executive of an aluminium smelting plant here has refuted claims that his factory is a major polluter. Press Metal Bhd chief executive officer Datuk Koon Poh Keong told a press conference all doubters were “welcome” to visit the smeltery, which he insisted was environmentally responsible. “We are misunderstood. People’s perceptions of aluminium factories are based on ideas from 20 or 30 years ago. “This factory uses latest technologies to meet the Environment Department’s requirements, which are the same as those of the World Bank,” Koon said, when told the plant was last week highlighted negatively by whistleblower website Sarawak Report. Alleged pollution by the plant has also been a core Pakatan Rakyat campaign point in the Balingian by-election. Koon urged critics to look at...
The Canadian International Aluminium Conference (CIAC), scheduled to be held from June 2-4 in Montreal will create a platform for global experts to discuss the great opportunities for aluminium and aluminium industry, one that employs about 10,000 people in Quebec. These discussions will cover the new technologies for production and advanced manufacturing & processing including aluminium’s numerous applications, the present challenges and issues and future opportunities. Since a long period of time, there has been a significant transition period in the aluminium industry. For example, China being quite new to the aluminium industry has already witnessed the supply of half of the total aluminium output from its plants. Emerging regions like Middle East are moving rapidly keeping behind the...
The Chicago Mercantile Exchange’s new aluminum futures contract, which will begin trading May 5th, will be available for trading on the floor and electronically via CME Globex, as well as submission for clearing through CME ClearPort, and will be listed by and subject to the rules of COMEX. CME previously announced it has applications in place from Scale Distribution Inc. in Ypsilanti, Mich., C. Steinweg Inc. in Baltimore, and Henry Bath LLC in New Orleans for warehousing the physical aluminum. The new contract “will offer global aluminum market participants a new tool for managing their exposure to volatile North American prices, while giving them access to physical aluminum at a number of CME Group-approved warehouses across the US,” CME said in a statement announcing the launch of the...
Anglo-Australian group BHP Billiton this week launched a project to support small-scale farmers in three districts of Maputo province, in the south of Mozambique, the group said. The initiative, which is funded by “BHP Billiton Sustainable Communities,” a project set up by the mining group to meet its contractual obligations to support communities in the areas where it operates, will be funded with US$8.8 million, paid out over five years. The funding will focus on 50 farmers organisations in the districts of Boane, Marracuene and Namaacha and is intended to increase family income, improve production capacity through training and improved access to finance. “BHP Billiton Sustainable Communities” already funds some projects in Mozambique, namely focusing on maternal and child health,...
Aluminum Corp. of China Ltd. posted operating revenue of about CNY 173.04 billion for 2013, up 15.76 percent year on year. Net profit attributable to shareholders was CNY 948 million, ending a loss-making operation. Earnings per share was CNY 0.07. Capacity utilization rate was 79.81 percent. It mainly attributed the end of a loss-making operation to dropped cost and increased gross margin, apart from a list of asset and equity sales.
Taking weak cues from global markets, aluminium eased by 0.24 per cent, to INR 104.30 per kg in futures trading today as speculators offloaded their positions. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in April declined by 25 paise, or 0.24 per cent, to INR 104.30 per kg in business turnover of 81 lots. Similarly, the metal for delivery in March traded lower by 20 paise, or 0.19 per cent, to INR 102.50 per kg in 183 lots. Analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the London Metal Exchange on demand concern after the Federal Reserve signalled it would raise interest rates.
Dubai Aluminium (DUBAL) based in the United Arab Emirates has awarded Hertwich Engineering, Austria, with the supply of two helical ultrasonic testing devices for its casthouses. The new equipment will raise the capacity of DUBAL’s testing facilities to ensure good product quality and to manage higher production volumes. Both ultrasonic testing devices are equipped with 10 volume probes and 20 angle-beam scanning probes and are thus able to examine the entire billet volume and the surface zone for defects and inclusions. The two facilities are designed to examine billets with diameters from 152 millimeters to 406 millimeters. Commissioning of the ultrasonic testing devices in Casthouse 2 already took place in February 2014, while commissioning in Casthouse 1 is scheduled for July 2014.
Shandong Nanshan Aluminium Co. reported an 8.66% YOY gain in their net profit in the year 2013 and also cited increasing competition from South America and South East Asia with global economy staying weak. The company made a total profit of 793.63 mn yuan ($128.74 mn) in 2013 or 0.41 yuan per share. Aluminium prices on LME were in a discount of over $200 per ton to Shanghai Futures Exchange prices for most of the time in 2013, leading to `a continuous contraction in the overseas market’’ for Chinese export sales, Shandong Nanshan said in its financial report. At the same time, the aluminium fabricators in Malaysia, Vietnam Brazil and Burma hastened the development and also their encroached market shares all around, it said. The production of the company and sales of extrusion products saw...
Rusal is presently in talks with their lenders to delay a repayment of part of its $10bn debt pile next month in the latest sign of distress in struggling industrial sector in Russia. Russia’s metal sector is struggling under a slow economy’s burden as well as weak commodity market and imposition of sanction from west. On Thursday, Anton Siluanov, the finance minister of Russia said the government was considering the creation of a special fund, supported by VEB, the state bankin order to support industry like it did in the year 2008-2009, although he warned the government would not bail out oligarchs of the country. “We should help companies, not owners,” he told a business forum. Rusal has been negotiating with their creditors since last year to bring out a change in the terms of its...
The bankruptcy management of Montenegrin forging plant Kovacnica - a subsidiary of aluminium firm KAP, said it received no bids in the latest tender for the sale of Kovacnica's assets, broadcaster RTCG reported. The deadline for the bids submission expired on March 18 and bankruptcy receiver Zdravko Cicmil confirmed no offer had arrived by then at the commercial court. The sale included Kovacnica's movable and immovable assets, i.e. buildings and land, production facilities, equipment, transport fleet and other. This was the third tender for the assets' sale as this time they were offered at a starting price of EUR 700,000, nearly three times below the price sought at the previous sales attempt which was announced unsuccessful even though two bids were filed. Kovacnica first went on sale...
Taking weak cues from global markets, aluminium prices fell 0.61% to INR 106.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in May declined by 65 paise, or 0.61%, to INR 106.05 per kg in business turnover of four lots. Similarly, the metal for delivery in April traded lower by 35 paise, or 0.33%, to INR 105.25 per kg in 8 lots. Analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the London Metal Exchange on speculation that demand will slow as US Federal Reserve policymakers signalled a rise in interest rates by next year.
Noranda Aluminum Holding Corp. major shareholder Holdings Lp Noranda sold 4,794,970 shares of the stock on the open market in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.50, for a total transaction of $21,577,365.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC. Separately, analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the...
The London Metal Exchange has faced more than a year of criticism for its aluminum contract. Blamed for everything that’s wrong with the aluminum market, the LME finally got a competitor who will also try to win the hearts and minds of metal buyers in the CME Group, which announced yesterday that its own physically delivered aluminum futures contract will start in May. Producers such as Alcoa have long considered the LME outdated. Last October, the aluminum producer accused the LME of “exceeding the proper role of an exchange” in a letter sent to the UK Financial Conduct Authority and the US Commodity Futures Trading Commission. The dispute centers on long lines to take delivery of aluminum from LME-registered warehouses, many of which are owned by banks, which have triggered a series of...
UC Rusal has announced the current status of EcoSoederberg technology introduction programme. The modernisation programme is being implemented at the Krasnoyarsk (KrAZ) and Bratsk (BrAZ) aluminium smelters, the company's two largest production facilities. Until 2020, Rusal plans to switch nearly 2.1 million tonnes of its aluminium production capacities to EcoSoederberg technology (out of 2.3 million tonnes currently running on Soederberg). The first experimental EcoSoederberg cells were launched at KrAZ back in 2009. Since 2010, 286 of the facility's cells have been switched to the new technology, including 89 cells in potrooms 3-6 in 2013. The amount of aluminium produced at the plant's EcoSoederberg cells was 160 kt in 2013, or 16% of the total output. In 2013, KrAZ emissions were cut...
Aluminium prices fell by 0.33% to INR 105.45 per kg in futures trading today as speculators offloaded their positions on weak cues from global markets. At the Multi Commodity Exchange, aluminium for delivery in April declined by 35 paise, or 0.33%, to INR 105.45 per kg in business turnover of 180 lots. Also, the metal for delivery in March traded lower by 25 paise, or 0.24% to INR 103.95 per kg in 907 lots. Analysts said speculators a weak trend in select base metals at global markets led to a fall in aluminium futures prices.
