Four days to go, and the aluminium world is getting ready to move to Düsseldorf. From October 6-8, the city will host ALUMINIUM 2026 , with more than 800 exhibitors and partners and over 21,000 trade visitors expected at Messe Düsseldorf. The event will bring together producers, recyclers, downstream manufacturers, technology providers, equipment suppliers, policymakers and end users from across the global aluminium value chain. The 2026 edition comes at an important point for the aluminium industry. European producers are facing pressure from energy costs, international competition and tighter climate requirements, while concerns around raw material security and resilient supply chains continue to grow. At the same time, demand for aluminium is expanding across electric mobility,...
The Aluminum Association launched “America Needs Aluminum,” a new public awareness and advocacy campaign highlighting aluminum’s essential role in the US economy and calling for policies that help America make, recycle and build more with this critical material. The campaign centers on a straightforward message: America needs aluminum - let’s make more of it here. It builds on the association’s broader “all-of-the-above” strategy for aluminum supply, which calls for expanding both recycled and primary aluminum production, strengthening domestic manufacturing, improving energy availability and aggressively confronting unfair trade. “Aluminum is essential to nearly every part of modern American life - from our cars, homes and packaging to the power grid, fighter jets and advanced...
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Rio Tinto has been struggling for years to recover from the $38 billion purchase that elevated it to the world's biggest aluminium company but also brought it to the verge of bankruptcy. Now signs of price improvements for aluminium and related alumina and bauxite, amid slowing supplies out of China, are turning the division's fortunes around. In Rio Tinto's financial results on Thursday, data showed aluminium had surpassed copper as the second biggest contributor to underlying earnings - $1.25 billion against $910 million for copper - in 2014 behind iron ore. For perspective, in 2013, aluminium contributed $550 million versus $820 million by copper. "Our aluminium division has grown into a significant contributor to group earnings and cash flow," Chief Executive Sam Walsh said. Copper...
Aluminium prices fell by 0.22 per cent to INR 113.85 per kg in futures trading today as speculators reduced positions amid weak global cues. Further, subdued demand in the domestic spot markets weighed on the prices of the metal. At the Multi Commodity Exchange, aluminium for delivery in current month shed 25 paise, or 0.22 per cent, to INR 113.85 per kg in a business turnover of 237 lots. Similarly, the metal for delivery in March traded lower by 20 paise, or 0.17 per cent, to INR 115 per kg in 10 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) after China reported that consumer prices rose at the slowest pace in more than five years and factory-gate deflation deepened.
National Aluminium Company rose 4.55% to INR 51.75 at 9:21 IST on BSE after net profit surged 170.52% to INR 354.47 crore on 16.6% growth in total income to INR 2057.61 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 10 February 2015. Meanwhile, the BSE Sensex was up 146.39 points, or 0.52%, to 28,502.01. On BSE, so far 1.58 lakh shares were traded in the counter, compared with an average volume of 2.79 lakh shares in the past one quarter. The stock hit a high of INR 52.80 and a low of INR 51.15 so far during the day. The stock hit a 52-week high of INR 68.80 on 19 September 2014. The stock hit a 52-week low of INR 31.80 on 20 February 2014. The stock had underperformed the market over the past one month till 10 February 2015,...
Emirates Global Aluminium has won the award for Exporter of the Year 2014 in the seventh E-Services Excellence Award (ESEA) was held at Ritz Carlton, DIFC, Dubai under the patronage of Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. The award is designated to honor the companies who have successfully adopted e-services for carrying out the trade and business. High profile attendees were part of the event including Abdulla Al Saleh, Undersecretary — Foreign Trade and Industry Sector at the UAE Ministry of Economy; Jamal Majid bin Thaniah, Chairman of Dubai Trade; Mohammed Al Muallem, Senior Vice President and Managing Director, DP World — UAE Region and Board Member of Dubai Trade; Ahmed Mahboob Musabih, Dubai Customs Director; and Eng. Mahmood Al Bastaki, CEO of...
Aluminium major Hindalco Industries will announce its third quarter earnings on Thursday. Profit after tax is expected to increase 26 percent year-on-year to Rs 420 crore led by strong revenue and operating income, according to a CNBC-TV18 poll. However, higher depreciation and interest costs may restrict profitability. Revenue may increase 21 percent to Rs 8,730 crore during October-December quarter from Rs 7,201 crore in same quarter last fiscal, driven by higher aluminum volumes. Aluminum volumes may be driven by ramp-up at Utkal refinery and Hirakud and Mahan smelters. Analysts see benefit from higher aluminum realizations. However, copper volumes may be flattish Y-o-Y due to maintenance shutdown in December. Operating profit (EBITDA) is seen rising 49 percent year-on-year to Rs 940...
Rio Tinto chief executive Sam Walsh said “Last year, we made a clear commitment to materially increase cash returns to our shareholders. We have delivered this today through a 12 per cent increase in our full year dividend and a proposed $2.0 billion share buy-back. These represent a total cash return to shareholders, in respect of 2014, of almost $6.0 billion. “Our continued financial and operating discipline enabled us to offset much of the impact of lower commodity prices in 2014. By increasing volumes and reducing costs, we achieved underlying earnings of $9.3 billion and we were able to maintain our EBITDA margin2 at 39 per cent. Free cash flow was assisted by a further reduction in capital expenditure3 and a successful programme to release working capital. As a consequence, we have...
Amid a weak trend in base metals at the London Metal Exchange, aluminium prices fell by 0.56 per cent to INR115.20 per kg in futures trading today as speculators trimmed positions. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in February eased by 65 paise, or 0.56 per cent, to INR 115.20 per kg in business turnover of 228 lots. The metal for delivery in March shed 55 paise, or 0.47 per cent to INR116.25 per kg in five lots. Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in industrial metals at the London Metal Exchange and subdued demand at domestic spot markets.
Shanxi Development & Reform Commission has approved CPI Shanxi Aluminum Co. to build vertically integrated 700,000-tpy aluminum alloy project, China Power Investment Corporation said on its website yesterday. The project will be supported by 4 million-tpy coal mine, 2*660MW power plants, 2 million-tpy bauxite project, 600,000-tpy aluminum smelting facility, etc., CPI said.
Poland's biggest aluminium products maker Kety said it expects a 20 percent increase in 2015 net profit to 201 million zlotys ($54.44 million) due to a recovering global economy, prompting the company to pay a higher dividend. Kety will increase the shareholder payout to up to 60 percent of consolidated net profit, the company said in a strategy update for 2015-2020 on Tuesday. The company, whose shares rose 30 percent last year on Poland's economic recovery, said that by 2020 its net profit will increase by half from current levels to 264 million zlotys. ($1 = 3.6920 zlotys)
AGL, a gas giant in Australia has reported an increase in half-yearly profits by 25% stating that its recent acquisition of Macquarie Generation worth $1.5 billion has been beneficial while things are looking positive for the Hunter Valley-based Tomago aluminium smelter. The company has reported a rise of $300 million in underlying profits over six months ending in December. Tomago aluminium smelter, the biggest customer for the company is turning things around for the company. AGL had dropped hints that it may close down due to market uncertainties but as the condition of the global aluminium industry improves, AGL’s future looks promising. AGL has an electrical contract with Tomago valid till 2028. The high local premiums have boosted the aluminium prices, while the diminishing...
Indonesia’s only aluminium smelter, PT Inalum is planning to cut back their production to 202,000 tons whereas they have a capacity of 250,000 tons because they need to divert some of their power for public use. An official from the firm who did not wish to be named said that nearly 210 megawatts of power would be given to PLN from April this year reflecting the woeful infrastructural condition faced by South East Asia’s biggest economy. Energy will be transferred from the Asahan 2 hydro power plant, from where Inalum gets the power to product ingots, to the North Sumatra grid. Sofyan Basir, the CEO of the state-owned Perusahaan Listrik Negara (PLN) electrical utility, said that the energy diversion from Inalum smelter is supposedly for “only 6 months”, until the proposed power plant...
Hydro has made a formal investment decision to develop a full scale pilot plant in Karmøy to demonstrate the world's most energy and climate efficient aluminium production. A final build decision for the project, with total costs estimated at NOK 3.9 billion, is conditioned on Hydro securing a robust power solution for the technology pilot. "The Karmøy pilot will be the largest investment in mainland industry in a decade, beyond oil and gas. The decision thus demonstrates our confidence in the Norwegian technology cluster and Norway's future position in sustainable production of aluminium in a global climate perspective," says Hydro's President and CEO, Svein Richard Brandtzæg. Through the technology pilot in Karmøy, Hydro aims to industrialize the world's most energy and climate...
As Indian government has opened application submission for coal blocks allocation, a number of state owned companies have aggressively put up applications for coal blocs. NTPC, one of largest the public sector undertaking for power generation has put in eight applications for coal blocks. States like Andhra Pradesh, Bihar, Rajasthan, Uttar Pradesh, Chhattisgarh and Telangana have been the major applicants for coal block allocations followed by Maharashtra, Madhya Pradesh, Odisha and Gujarat. Government has received a total of 69 applications for coal allocation. The central government has offered 36 coal blocks for allotment process for re-allocation of cancelled coal mines. Many state and public sector companies lost their coal allocations due to the Supreme Court judgment in August 2014...
National Aluminium Company's (NALCO) third quarter profit may jump 167 percent year-on-year to Rs 350 crore on strong operating income, according to the average of estimates of analysts polled by CNBC-TV18. Total turnover grew 17 percent to Rs 1,920 crore from Rs 1,644 crore during the same period. Operating profit may surge 130 percent Y-o-Y to Rs 470 crore and margin may expand 1210 basis points to 24.5 percent in the quarter gone by. Analysts feel alumina price gains may be offset by lower alumina volumes (due to cyclone Hudhud). Impact of lower alumina volumes may be partly offset by higher alumina realisations. They expect slightly better aluminum realisation on sequential basis despite lower LME due to weaker rupee. According to a poll, aluminum profits may be flat Q-o-Q due to...
2014 Industry Highlights: • Aluminium demand remains healthy with world consumption up by 8% year-on-year (YoY). Asian demand up by 10% YoY supported by a robust growth in China (+13% YoY) on the back of government stimulus and infrastructure investment. North America shows strong demand growth (over 5% YoY) due to higher automotive demand with ramp-up of new Ford F-150 aluminium body. In addition, MENA demand is healthy supported by infrastructure spending while Europe consumption remained stable. • World market is in deficit (-12 Kt with China and -984 Kt without). • LME inventories at 4.2 million metric tonnes in December. • 2014 LME Cash average was slightly higher at $1,866 per metric tonne (mt) as compared to $1,846 mt in 2013. 2014 Alba Highlights: • Continued improvement in safety...
VHE of Iceland is delighted to announce a new order for rodding plant machines for a North American smelter. Three machines to be delivered mid-2015 comprise a stub straightener, a rod straightener and an anode-rod mating station. VHE has supplied a number of stub straighteners to smelters worldwide and is able to offer designs suitable for all yoke configurations and stub diameters. The machines are designed to remove stub toe-in and return stubs to the original yoke geometry. The rod straightener from VHE is a multi-point design, able to remove complex bends from the rod stem. VHE‘s Anode-Rod Mating Station correctly locates the anode rod stubs into the anode block holes, centering them to ensure optimal cast iron thimble formation.
EGA owned Jebel Ali smelter is introducing new technologies to its existing potlines to enhance the production of aluminium. A groundbreaking ceremony held at EGA Jebel Ali on Thursday, February 5, 2015 marks the official start of the project that aims to achieve higher energy efficiency targets and capacity creep using a three-pronged approach. The first change would occur in the potlines 1 to 3 where 513 pots will be introduced to D18+ Technology cells. The switch follows the pilot program started in 2012 where seven D18 Technology cells in Potline 1 were fitted with modern technologies that improved the performance and the economic competitiveness of the line. The earlier transition had allowed the cells to consume lesser energy which remained below 13 kWh/kg Al, producing 2 tons/day...
The EFTA (European Free Trade Association) Surveillance Authority has approved funding of NOK 1.5 billion from Enova for Hydro to test the world's most energy- and climate-efficient aluminium production in a full-scale pilot plant at Karmøy, Norway. Enova's support has been one of the prerequisites for realizing the pilot project. The main remaining condition to make an investment decision is a power solution for the pilot plant. Hydro has previously received the necessary assurances from Statnett, the national power grid authority, that the electrical power system in the region will be able to accommodate industrial development at Karmøy within a reasonable time.
