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...
Grow with
AL Circle
United Arab Emirates: Emirates Global Aluminium (EGA) - the jointly-owned, UAE-based aluminium conglomerate being formed by Mubadala Development Corporation and Investment Corporation of Dubai - will be the Platinum Sponsor of the 15th Annual Regional Audit Conference, which is taking place on the 16 and 17 March 2014 at the World Trade Centre, Dubai. The sponsorship extends the aluminium industry's support for business excellence and extends its commitments to first-class professional development. The conference is being hosted by the UAE Internal Audit Association (IAA) - a global affiliate of the Institute of Internal Auditors Inc. (IIA), the leading international professional body for auditors. The conference is aiming to attract more than a 1,000 professionals in the field from the...
A deal has been signed between Emirates Aluminium (Emal) and Ducab Aluminium and Emal will supply molten aluminium to the aluminium rod mill of the latter that is under construction. The new aluminium rod mill by Ducab Aluminium will be located in Khalifa Industrial Zone Abu Dhabi (Kizad) at KP3 area and they plan to complete the construction by the end of 2016. With this deal, Emal will supply Ducab molten aluminium for the aluminium rod mill. This new plant aims to reach GCC as well as Mena market and also has plans of expanding to Europe and later to Indian subcontinent. The production capacity of the new plant will be 50,000 tpa and will start with a total investment of Dh220 million ($60 million including cost of plant, infrastructure, machinery and buildings. The plant will also...
Spot aluminium stockpiles crossed1 million tons in China as no signs of recovery were seen in consumption of downstream, a survey by the Shanghai Metals Market said. On a spot basis aluminium stockplies in the 4 major trading regions of China – Nanhai, Shanghai, Wuxi and Hangzhou – rose by 79,000 tons the last week to 1.07 million tons, the survey said. In Shangha spot stocks were 353,000 tons, 296,000 tonnes in Wuxi, a 52,000 tonnes in Hangzhou and 370,000 tonnes in Nanhai, according to the survey.
Alcoa’s had a great run to start off 2014–its stock has gained 15% so far this year–but its shares are looking mighty pricey. That doesn’t have to kill the stock, however. Morgan Stanley’s analysts note that at 34 times 2014 earnings forecasts, Alcoa looks more than a little expensive. Its “historical” one-year forward P/E is 14 times. But they see three reasons that Alcoa’s shares could hold up OK. They explain: 1) 1Q Consensus looks too low. Based on quarter-to-date average FX, alumina and aluminum prices, we think 1Q14 EPS could be around ~$0.10/sh vs. current consensus at $0.04/sh.We have not marked to market our 1Q14 estimate yet. 2) Auto body sheet story has gained traction. We sense that investors are looking for more ways to get exposure to rising use of aluminum in automotives....
The Aluminum Smelter Company of Nigeria (ALSCON) said the management is taking steps to cut down their losses while they have suspended the production of aluminum at the smelter. The managing director of ALSCon, Stanislav Kruglyashov, has given this statement to Business Day on Monday. He said the firm has taken this kind of a decision due to ongoing crisis in the global aluminum industry, further disruption in supply of gas and non-completion of ALSCON’s involvement in the national grid project. The company will want to optimize their payroll further and this includes the layoff of a part of the currently employed staffs. “ALSCON will provide employees being affected with compensation benefits exceeding the level in accordance with the Nigeria law”, Kruglyashov said in the statement....
Qatalum has recorded the “best rectiformer efficiency levels” in the world, the Qatar-based aluminium producer said yesterday. Rectiformers, which convert AC power into DC power, play a vital role in the aluminum smelting process. Qatalum’s rectiformers have recorded zero loss in terms of kilo amps per hour in more than two years, a result achieved at no other smelter in the world. Qatalum Power Group HV and Rectifier specialist Richard Guignard said, “The zero values we have achieved in terms of kilo amp per hour leakage are unprecedented and are the lowest in the world for any smelter. “Qatalum is proud of its tradition of industry leadership and our rectifier performance again sets a benchmark against which all aluminium smelters can be compared. “The outstanding levels of efficiency...
Midwest aluminium premiums dropped again this week as market sources fretted about increased import volumes and the potentially chilling impact of a cold winter on demand. Metal Bulletin sister title AMM's spot P1020 premium slipped to 18.75 to 19 cents per lb on March 5 from 19 to 19.5 cents previously. "The premium ran up fast, and what goes up must come down," one trader said, estimating that premiums could fall another penny before March is over. The trend results in part from high premiums in the USA attracting metal that might ordinarily have gone to Europe or Asia, market sources said. Material was redirected to the US market after Midwest premiums spiked to more than 20 cents per lb earlier this year, with some of that metal arriving in March and April, they said. A combination of...
Rio Tinto Alcan confirmed a planned maintenance outage at its Arvida smelter in the Saguenay-Lac-Saint-Jean region of Quebec. The Montreal-based aluminium producer will shut the casting center at the smelter for seven to 10 days to perform maintenance work on the facility's furnaces and casting pits, a company spokeswoman told Metal Bulletin sister title AMM via e-mail on March 6. Customers won't be affected because the maintenance had been planned, she said, declining to reveal when the maintenance would begin. The spokeswoman's confirmation came after market sources noted in February that the Arvida smelter, which has an annual capacity of 176,000 tonnes, was scheduled to have a 10-day maintenance outage this month. Rio Tinto Alcan also was reportedly suffering from logistical problems...
LME aluminium is expected to retest support at $1,737 per tonne, a break below which will cause a further loss to a range of $1,702-$1,721. The deep fall from the March 6 high of $1,802 strongly suggests the completion of a preceding uptrend that rose from the Feb. 3 low of $1,671.25. A Fibonacci retracement analysis on the uptrend reveals support at $1,737, the 50 percent level. This support could be responsible for the swift bounce from a low at $1,740 touched on Monday. The bounce may end below resistance at $1,771, the 23.6 percent level, followed by a drop towards the range formed by the 76.4 percent and the 61.8 percent projection levels. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader...
Nalco’s third quarter numbers for the period 2013-14 were more or less expected except a small fall in production of alumina. The production has fallen on a quarterly basis due to the delay in the export shipment. But there has been a significant rise in alumina production on a year-on-year (y-oy) basis. Nalco has cut down the unviable aluminium production and worked on increasing sales in alumina over the past one year. It is expected that Nalco will follow a similar strategy in the coming quarters. The inability of Nalco to meet the capex target was disappointing news for the market. Now it is expected that Nalco will spend Rs.543 crore in the year 2013-14 compared to their actual estimate of a total of Rs. 1,737 crore, a drop of 69%. They have also pruned down their 2014-15 capex plans...
The UAE Red Crescent collected five tonnes of clothing and food donated by employees of Dubai Aluminium (Dubal) and Emirates Aluminium (Emal) to refugees in Syria. The UAE’s two primary aluminium producers will be integrated into Emirates Global Aluminium (EGA), the jointly-owned, UAE-based conglomerate to be formed by Mubadala Development Corporation and Investment Corporation of Dubai. The donation was in response to a call by the two flagship companies to help alleviate the impact on families and children struggling with displacement from their homes and harsh winter weather. The appeal reflected the company’s position as a caring corporate citizen. In partnership with the UAE Red Crescent, the call went out for blankets, jackets, towels and non-perishable food items, which could prove...
A U.S. judge overseeing litigation accusing Goldman Sachs Group Inc, JPMorgan Chase & Co , their warehousing businesses and the London Metal Exchange of conspiring to reduce the supply and increase the price of aluminum will allow for now three groups of plaintiffs to pursue separate lawsuits. In an order dated March 6, U.S. District Judge Katherine Forrest said she will let direct purchaser plaintiffs, commercial end-user plaintiffs and consumer end-user plaintiffs file their own complaints seeking class-action status, while giving defendants the right to object to those filings. She also designated co-lead counsel for the respective plaintiff groups: - For the direct plaintiffs: Grant & Eisenhofer; Lovell Stewart Halebian Jacobson; and Robbins Geller Rudman & Dowd; - For the commercial...
Iran raised its aluminum production output in the first 11 months of the current Iranian year (March 20, 2013-February 20, 2014), Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced on Sunday. Aluminum ingot production in the first 11 months of this year exceeded 320,000 tons, up by 4 percent compared to the same period last year, it said. Iran also produced 207,089 tons of aluminum powder in the same period. In May 2012, Iranian Deputy Minister of Industry, Mines and Trade Vajihollah Jafari said Iran’s aluminum output would hit 1.5 million tons by March 2025. Jafari noted that the Iranian Mining and Mineral Industries Development and Renovation Organization would implement various projects across Iran to reach the aluminum output target set for...
Century Aluminum traded today at a new 52-week high of $12.64. Approximately 102,000 shares have changed hands today, as compared to an average 30-day volume of 740,000 shares. Century Aluminum defies analysts with a current price ($12.63) 15.5% above its average consensus price target of $10.67. Century Aluminum shares have support at the 50-day moving average (MA) of $11.06 and additional support at the 200-day MA of $9.51. Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in...
Aluminium Bahrain B.S.C. (Alba) is the proud winner of the International Safety Award for 2013 performance by the British Safety Council. The company received this international acclaim for its commitment and efforts taken towards maintaining safety, health and well-being of its workforce during 2013. Widely regarded as a premier event in the safety and health calendar, the International Safety Award by the British Safety Council recognises and rewards organisations that are committed to corporate safety and health. The award is acknowledged by the UK Health and Safety Executive as a powerful motivator for achieving high safety standards. Commenting on Alba's success in winning the British Safety Council's International Safety Award, Alba's Chief Executive, Tim Murray said: "There is...
Rusal, the Russian aluminium giant, has entered into a deal with Sberbank to refinance their debt of $5 billion with the largest lender of the country, Oleg Mukhamedshin, Rusal Deputy Chief Executive said on Thursday. Rusal, hit by aluminium’s weak prices as well as heavy levels of debt of around $10 billion, had talks with the state bank on debt restructuring deal, sources said in the month of January. "We have finished our discussions and we have credit approval," Mukhamedshin told Reuters. "So currently we are finalising the ... process." He did not provide further details. Sberbank declined to comment. In January Sberbank and Rusal were discussing the particular model, under which "if aluminium prices remain low, the debt is to be repaid over 20-30 years; if they go up, then the cash...
State-owned PT Indonesia Asahan Aluminium (Inalum) will diversify its product range by producing aluminum alloys and baked carbon anodes to supply the aerospace and electronics industries. Sahala Sijabat, the president director of Inalum, which only a few months ago was taken over by the government, said the company would also produce aluminum alloy as well as aluminum ingots. Aluminum alloy is a mixture of aluminum and other elements that make end products stronger and more durable. The product is commonly used in aircraft manufacturing. Sahala previously told The Jakarta Post that Inalum would also sell baked carbon anodes, which are mainly used for electronic devices, such as radios, televisions and computers. “We currently only produce aluminum slack and ingots, of which 80 percent is...
Syrah Resources has signed a Memorandum of Understanding for the offtake of 80,000 tonnes to 100,000 tonnes of graphite from its giant Balama Project in Mozambique by Chalieco, a member of the Chinalco Group. Notably, this is close to half of the planned initial production of 220,000t from the project with the company expecting further offtake developments in other jurisdictions in the coming months. Syrah and Chalieco will negotiate a legally binding offtake agreement within three months of signing the MoU, which also includes an amount of >98% V2O5 (vanadium) chemical powder or flake products to be determined. This will firm up V2O5 volume requirements and also both graphite and V2O5 pricing. Chalieco Chalieco is an affiliate company of Aluminum Corporation of China (Chinalco), the...
