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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The stock of Noranda Aluminum Holding Corporation has been under constant pressure to show its price potential since it has reported its secondary common stock offerings price on 12th March. The offer they are going to share is around 10 million shares of common stock had almost raised the investor community’s expectations, which halted once the pricing for the stock offerings was announced. Post the announcement by the firm of the secondary share offer, the investment community has been shying away from the stock. During the past week, the stock saw its market valuation go down by a huge 16.2 percent, on the fears of a huge glut of shares of Noranda Aluminum Holding Corporation in the market. This had led to the stock shedding its 52 week high price points of $5.08 over the past few days...
LME aluminium is expected to retest a support at $1,721 per tonne, as it has completed a pullback triggered by this level. The support has been established at the 61.8 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to the March 6 high of $1,802. The pullback was towards the trendline rising from $1,671.25. Apparently, aluminium has failed to break above this trendline. A surge above $1,742 will confirm an extension of the pullback towards $1,752, the 38.2 percent level. 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 analyses.
Aluminum Corp of China (Chalco) posted a net profit of 975.2 million yuan (HK$1.2 billion) for last year, reversing an 8.2 billion yuan loss the previous year, mainly due to asset disposals. The firm also cautioned that smelters in the central and eastern regions of the mainland might be squeezed out of the market by more competitive plants in western areas. The country's largest producer of the lightweight industrial metal said mainland smelters would continue to cut output amid low aluminium prices, which favours smelters in the west with lower energy costs. "The industry will shift to [the] western regions as falling competitiveness of the central and eastern regions saw smelters face pressure to exit the market," Chalco said in a statement to the Shanghai stock exchange. "In the short...
CME Group Inc will launch in May a physically deliverable aluminium futures contract in North America to compete with LME’s $54 billion market. The group came up with the plan after LME implemented the sweeping reforms to its metals warehousing system after a years-long crisis that has undermined its own aluminium futures contract. "We have had a high level of engagement from major market participants, as well as smaller players, who are looking for an alternative to the exchange contract they have today and who want to be able to manage price risk," Harriet Hunnable, CME Group’s managing director of metals, told Reuters. Hunnable said a team for CME had been signing up a number of participants since months, and in 2 or 3 years it will be "robust and a significant size". The new contract...
Aluminium prices today rose marginally by 0.24% in futures trade mostly in line with a firming trend in the global markets. Further, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in March rose by 25 paise, or 0.24%, to INR 103.85 per kg in business turnover of 50 lots. Similarly, the metal for delivery in April traded higher by 20 paise, or 0.19%, to INR 105.50 per kg in four lots. Analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.
Reflecting a corporate commitment to excellence and the strength of its leadership and good governance, Dubai Aluminium PJSC (“DUBAL”) received two of the top honours at the inaugural 2014 Information Systems Audit and Control Association (“ISACA”) Excellence Awards. DUBAL, which operates one of the world’s largest single-site smelters at Jebel Ali, Dubai, is set to become an operating subsidiary of Emirates Global Aluminium (“EGA”) – the jointly-owned, UAE-based aluminium conglomerate being formed by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai – upon EGA’s official incorporation (scheduled for Q1 2014). The awards won by DUBAL were: • “CIO/Head of the Year 2014”,which went to Ahmad M Almulla (Vice President: Information Technology), as a joint winner,...
LME aluminium may rebound to a resistance at $1,737 per tonne, as it failed to break a support at $1,721. The support was established at the 61.8 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to the March 6 high of $1,802, it seems to have triggered a rebound towards the 50 percent retracement at $1,737. A break above $1,737 will be less likely, as the resistance around this level has been strengthened by another one provided by the trendline rising from $1,671.25. 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 analyses.
Chairman of Press Metal Bhd Datuk Megat Abdul Rahman Megat Ahmad has sold a major part of his stake in the company. He sold 430,000 direct and indirect shares, at a price between RM2.28 and RM2.30 each, from 4th to 13th March. Press Metal Bhd owns aluminium smelting plants in Mukah and Samalaju Industrial Park in Bintulu. With the sale, Abdul Rahman has cut down his direct stake in Press Metal to 12.27 million shares (2.38%), and indirect stake to 67,000 shares (0.15%). On March 5, during a general meeting (EGM) the group got shareholders’ nod to sell 20% equity interest in Press Metal Bintulu Sdn Bhd (PMBSB) to Japan’s Summit Global Management for a price of about RM444m. PMBSB owns the current Bintulu smelting plant, which has an annual capacity of 320,000 tons. Sumitomo Corporation...
On Tuesday, CEAC filed a request to Vienna court for the arbitration proceedings with Montenegrin government to look for compensation over 600 mn euro for the losses that KAP aluminum plant faced after bankruptcy. KAP aluminium plant’s biggest creditors are Montenegrin government and Oleg Deripaska, the Russian billionaire, through CEAC. CEAC claims that interference was made by the Montenegrin government during investment process and this has resulted in major damages to the plant and subsequent investment loss. CEAC has also accused the government of breach of an agreement signed between Cyprus & Montenegro on mutual encouragement & protection of investment. On Tuesday the government has rejected the claims saying the demands against them were unfounded and even crticised Cyprus for its...
United Company RUSAL Plc announces via a press release that, on 14 March 2014, UC RUSAL TH, a member of the Group, as seller, entered into a sale of silicon agreement with Kamensk-Uralsky Metallurgical Works Joint-Stock Company ("OJSC KUMZ"), an associate of SUAL Partners, as buyer, pursuant to which UC RUSAL TH agreed to supply and OJSC KUMZ agreed to purchase silicon at the estimated volume of approximately 300 tons during the year ending 31 December 2014, at the estimated total consideration of approximately USD0.654 million. The consideration is to be 100% pre-paid and satisfied in cash via wire transfer. The term of the agreement is up to 31 December 2014, and will be extended for one year unless any of the parties declares its intention to terminate it. Based on the terms of the...
China Hongqiao Group Limited, a major aluminum producer expects the total production of the company to rise by about 20% in 2014 even if there is a possibility of smaller producers facing closure due to overcapacity. The chief executive officer of China Hongqiao, Zhang Bo, said smaller firms are not making money due to low domestic prices. Electricity accounts for about 40% of the total production costs of aluminum in China. "In the coming three years, at least about 30 percent of capacity (will be forced to leave the market)," Zhang said at a media briefing in Hong Kong on Monday. Currently China has approximately 30 million tons of aluminium capacity, out of which about 27 million tons is operating, said Zhang. He said almost half of operational capacity was under losses as a result of...
Aluminium major National Aluminium Company Limited (NALCO) will soon have a solar project of 160 KW solar power for its Corporate Office building here. The green project launched by NALCO CMD Ansuman Das recently is expected to generate green renewable energy of about 2.10 lakh units per annum for which the Centre would provide 30 percent subsidy of the capital cost through the Solar Energy Corporation of India Ltd (SECI). While the Navaratna company has already commissioned two wind power plants of capacities 50.4 MW and 47.6 MW at Gandikota in Andhra Pradesh and Ludarva in Rajasthan, respectively, it has planned to set up its third wind power plant in its own mining area at Panchpatmali in Koraput district.
Hong Kong Exchanges & Clearing Ltd had been named a co-defendant in the class action lawsuits that involves aluminum price fixing on LME, said the company. HKEx, the fourth largest exchange operator in the world, said it was notified about the inclusion of their names in the list of direct purchaser’s consolidated complaint. Manufacturers have filed a total of 26 complaints against the London Metal Exchange, which have been further consolidated into 3 complaints and it will account for 3 different classes of plaintiffs, the company added. "HKEx management's initial assessment is that the lawsuit is without merit and HKEx will contest it vigorously," the company said in a securities filing. Last year, the manufacturers who have filed lawsuits are of the view, enabled by LME rules the banks...
Major aluminium producers in Brazil saw output fall year-on-year in 2013, with only Norsk Hydro’s Albras seeing a slight increase in production, according to figures from Brazilian aluminium association Abal. Albras, located in the city of Barcarena, in Brazil's Pará state, produced 452,300 tonnes of aluminium, compared with 446,700 tonnes in 2012. Votorantim Metais' CBA produced 413,900 tonnes of metal last year, down from 454,900 tonnes in 2012. Alcoa-BHP Billiton operated Alumar, located in São Luís in Maranhão state, saw a production of 339,500 tonnes in 2013, down from 402,400 tonnes the year before. Alcoa's unit in the city of Poços de Caldas, in Minas Gerais state, ended the year with a 19.2% reduction in output at 69,400 tonnes. Novelis' plant in Ouro Preto, Minas Gerais, also saw...
"Despite challenging market conditions since the financial crisis of 2008/09, aluminium demand has continued to grow and by 2013 had risen above pre-crisis levels. The future is energy-efficient and will need more aluminium. But, aluminium markets are still characterized by historical overproduction, so we will keep up the cost focus in all parts of Hydro and continue the good work performed by the business areas and staffs, characterized by determination, foresight and cooperation, enabling Hydro to move forward with better operational capabilities than ever," President and CEO Svein Richard Brandtzæg writes in his letter to shareholders. "Since 2009 we have managed to reduce the cost of producing one tonne of aluminium by 300 US dollars in our fully-owned primary aluminium plants....
National Aluminium Company Ltd (Nalco) got its first woman director with Soma Mondal being appointed as the PSU’s director (commercial). Prior to the new assignment, Mondal was serving the company as executive director (marketing) at Nalco’s corporate office, a company release said today. After graduating in Electrical Engineering from REC, Rourkela (now National Institute of Technology), Mondal joined Nalco in 1984 as a Graduate Engineer Trainee. With rich experience in sales and marketing, she has worked in the company’s eastern and western regional offices in various capacities and has been instrumental in devising various strategies for domestic sales, export and launch of new products.
Germany's aluminium industry is optimistic about prospects in 2014 after raising output in 2013, the country's aluminium industry association GDA said on Tuesday. "The improved order situation at the end of 2013 and the stable position at the beginning of 2014 speak in favour of an improvement in the business picture," said GDA chief executive Christian Wellner in a statement. "Carmaking will continue to dominate in the transport sector but growth is still expected in shipbuilding, aircraft manufacturing and public transport systems." Aluminium demand from the construction and packaging sectors will also continue to grow, he added. German 2013 output of primary and secondary aluminium rose 4.2 percent on the year to 1.08 million tonnes, the association said. "Business improved in the...
The EUROPEAN ALUMINIUM AWARD “Industrial Design & Engineering” will be presented for 9th time for the innovations in Industrial & Consumer Products segments. There will be a total of six categories. The categories are as follows :- Design & Lifestyle, Building & Architecture, Lighting & Interior, Marine & Offshore, Aerospace & Automotive and Production Techniques, Tools & Machinery. The applications of aluminium in e fields of “Building & Architecture“, “Aerospace & Automotive”, “Marine & Offshore” and “Production Techniques, Tools & Machinery” looks mainly for those aluminium components having positive influence not onlyon final product but also on end-products. In the “Lighting & Interior” and “Design & Lifestyle” categories, mainly the end-products will be judged for their innovative...
