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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Emirates Global Aluminium is an aluminium conglomerate in the UAE formed by Investment Corporation of Dubai, Mubadala Development Corporation, Aluminium ( DUBAL ) and Emirates Aluminium (EMAL). The body is expected to improve the quality and excellence of the UAE aluminium industry. Further certifications received in 2013 by DUBAL & EMAL, according to the management system standards from the International Organisation for Standardisation(ISO) has also highlighted the rising success of the UAE aluminium industry. In December 2013, EMAL received ISO 10002 Certificate for efficient Complaints Handling. EMAL has been upgraded to ISO 10002 from ISO 9001 to which EMAL is already certified. In 2013, 100 per cent of complaints from customers have been handled successfully by DUBAL's Customer...
Aluminium Bahrain B.S.C. (Alba), today, March 9 2014, announced a contribution of BD 100,000 towards the newly established Royal Fund for Martyrs of Duty for the families of those who have died in the line of duty for the Kingdom of Bahrain. The Royal Fund for Martyrs of Duty by HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister - established with an initial allocation of BD1 million - aims to lend a helping hand to the martyrs' families and children and ensure social security and family stability for them. Alba is honoured to support the Royal Fund for Martyrs of Duty and expressed its deep gratitude to the tireless work done by the security and service personnel in safeguarding the Kingdom.
Alcoa has been named the most admired metals company in the world for the third consecutive year in Fortune magazine’s prestigious annual ranking on corporate reputation. Alcoa has been on the since Fortune began the annual ranking 31 years ago. Alcoa also received top ranking in eight of the nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long term investment, and quality of products and services. "It is an honor for Alcoa to be named the most admired metals company for the third consecutive year," said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. "This recognition is a tribute to Alcoa’s 60,000 employees around the world who are committed to serving our customers and...
AMAG Austria Metall said on Friday fourth-quarter core profit rose 2 percent, helped by cheaper raw materials, higher premiums and price hedges. Earnings before interest, tax, depreciation and amortisation (EBITDA) were 24 million euros ($32.8 million), beating the average estimate of 22 million euros in a Reuters poll of analysts. The aluminium producer proposed holding its dividend steady at 0.60 euros per share. It said earnings were likely to decline in 2014 if low aluminium prices and tight margins persisted in its Casting and Rolling divisions.
Russian giant Rusal sees global aluminum demand to grow by 6% this year over 2013. According to RUSAL, China and other Asian economies are expected to grow strongly and the developed markets including the US and Europe should continue to show a healthy growth. Aided by strong growth within Asia, the US and by a continued market rebound in Europe, global aluminium consumption rose by 6% in 2013 to 51.7 million tonnes, with ex-China consumption rising by 4% year-on- year to 26.23 million tonnes. Consumption in China, the largest growing market, grew by 13% year-on-year to 25.5 million tonnes, followed by India (6% growth), ex-China Asia (6% growth) and North America (4% growth). Consumption growth in Europe continued, with a strong rebound seen in H2 2013 and total 2013 growth reaching 2%,...
In a bid to double its production capacity by 2019, state-owned aluminium maker PT Indonesia Asahan Aluminium (Inalum) is planning to build a new smelter in the first half of this year, with estimated investment to reach US$1 billion. Inalum development director Winardi Sunoto said on Thursday that the company was conducting a feasibility study, which was expected to be completed by the end of this year. “As soon as the study concludes, we will continue with bidding to get contractors and complete other steps that may take between six and eight months,” he told The Jakarta Post on the sidelines of a smelter summit, adding that construction would kick off after the series of steps. The planned smelter is designed to have a production capacity of 200,000 tons of aluminum ingots. As part of...
Aluminium ingots produced by Mozal aluminium foundry in Mozambique may be exported to Netherlands, said Lilianne Ploumen, the DutchMinister for Foreign Trade and Development Cooperation as reported in Correio da Manhã, Mozambican newspaper. According to this report, the minister has not mentioned the quantities or date for the operation to start, but noted only the Mozal and Mozambican authorities have been contacted and “is going well.” This follows a demand in the global demand for aluminium, particularly between 2012 end and April 2013 that has resulted in the reduction of revenues of Mozal by 2.6% from January- September 2013. The shareholders of Mozal are mining group BHP Billiton (47.1%), Industrial Development Corporation of South Africa (24%), the Mitsubishi Corporation (25 %) and...
Montreal will be hosting the Canadian International Aluminium Conference and bring together some of the leading aluminum experts in the world. Researchers, lectures and major organizations of the industry will share this platform to present their individual outlook for aluminium with ever-increasing applications. The Aluminum Association of Canada (AAC) will be organizing this aluminium conference. It will discuss the best practices, sustainable development, innovation and strategic topics of interest to the decision-makers in aluminum industry as well as the owners, suppliers, operators and industrial users. The entire life cycle of aluminum will be discussed at this conference: from extracting ore to recycling and also includes three levels of aluminium processing, the global market and...
Noranda Aluminum Holding Corp. has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, American Banking & Market News reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.29. Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, February 19th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million. The...
More than 4,000 business leaders, engineers, scientists and other professionals in the minerals, metals and materials fields attended the 143rd TMS Annual Meeting & Exhibition in San Diego, California on 16th – 20th February 2014. The TMS 2014 Annual Meeting presented nearly 70 symposia covering a broad range of topics related to materials science and engineering. Conference The Aluminium Keynote Session focussed on the aluminium industry supply chain and how it will move on to the next ‘S curve’. Over several decades, research and development within the aluminium industry has been constrained by factors such as cost cutting and ‘rationalisation’ following company mergers and take-overs. Speakers from Alcoa, Hydro Aluminium and Rio Tinto, explored this topic from the perspective of...
Aluminium Bahrain B.S.C. (Alba) announces the appointment of the new Board of Directors, effective immediately, during the Board of Directors meeting for the year 2014, held on Thursday, February 27, 2014 at the Gulf Hotel, Kingdom of Bahrain. The new Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said on this occasion: “It is a great honour to chair the Board of Directors of Alba. Together with my fellow board members, we remain committed to better serve the shareholders whom we represent; we also look forward to work along the Executive Management team to take Alba to the next level, to consistently deliver reliable performance as well as continue to create long-term shareholder value.” The new Chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa...
Aluminium Bahrain B.S.C. (Alba), held its Annual General Meeting ‘AGM’ on Thursday, February 27, 2014 at the Gulf International Convention Centre, Gulf Hotel, Kingdom of Bahrain, during which approval was given to the distribution of cash dividends related to the fiscal year 2013. The total dividends for the fiscal year 2013 amounted to US$ 105 million (BD 50.7 million) - equivalent to 36% of the nominal value of the company’s shares - which is 36 fils per share, of which 14 fils (interim dividend) has already been distributed to the shareholders in September 2013. The final dividend for 2013 of US$ 82 million (BD 30.9 million) will be payable from March 13, 2014 to Alba's shareholders of record as of February 27, 2014. During the AGM, the shareholders approved the appointment of the new...
LME aluminium is expected to fall to $1,743 per tonne, driven by a downward wave c. This is the third wave of a flat which started at the Feb. 19 high of $1,788. It could be roughly equal to the preceding two waves in length, ending around $1,743, the 38.2 percent Fibonacci retracement on the rise from the Feb. 3 low of $1,671.25 to $1,788. Signals will turn neutral should aluminium climb above $1,780, however, only a further gain above $1,788 could confirm the continuation of the uptrend. 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.
Century Aluminum shares have crossed bullishly above their 10-day moving average of $11.49 on a volume of 254K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term. Century Aluminum is currently priced 21.8% above its average consensus analyst price target of $9.17. The stock should discover initial support at its 50-day moving average (MA) of $10.74 and subsequent support at its 200-day MA of $9.42. In the past 52 weeks, shares of Century Aluminum have traded between a low of $6.26 and a high of $12.58 and are now at $11.72, which is 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.4%. Century Aluminum...
Reuters reported that China's users of primary aluminium are set to cut imports of spot metal in the April-June quarter as they don't want to pay the record premiums demanded by sellers and may instead use more domestically sourced metal whose prices have fallen. A drop in imports by users in the world's top consumer and producer of primary aluminium could add to pressure on global prices that near levels last seen in mid-2009. Global trading firms are asking Chinese importers to pay premiums of $350-$360 per tonne over the cash London Metal Exchange price of the metal for second-quarter deliveries, while importers were agreeable to a maximum of $340, traders said. The Chinese reluctance to pay up comes as global producers of primary aluminium have sought record $370-$375 premiums from...
Standing at the helm of a leading manufacturing business, Simon MacVicker is a man undaunted by big challenges. Whilst many of us unwind in front of the television, he can be found pounding the county’s lanes training for his next long-distance triathlon. But attributing to Simon a “steely resolve” would perhaps be inappropriate, given that he’s the managing director of Bridgnorth Aluminium in Shropshire, England. Over the next two years, in addition to running a thriving business and pushing himself to the limit physically, he will be helping to further the interests of the aluminium sector as the new president of the Aluminium Federation (ALFED). “It’s a real privilege to represent the industry in this way and I’m very excited about tackling some of the challenges our members face over...
Century Aluminum Co. logoAnalysts at Barclays raised their price target on shares of Century Aluminum from $11.00 to $13.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 14.84% from the company’s current price. Several other analysts have also recently commented on the stock. Analysts at Cowen and Company downgraded shares of Century Aluminum from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 5th. They now have a $9.00 price target on the stock, down previously from $10.00. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. upgraded shares...
The Aluminum Association announced the appointment of Ryan Olsen as the new Vice President of Business Information & Statistics. This completes the leadership restructuring effort under Association President and CEO Heidi Brock, creating a dynamic organization designed to promote the use of aluminum. "Ryan brings strong experience to the Aluminum Association's business information and statistics program," said Tim Calvin, Director of Sales and Marketing, Billet & Rod for Noranda Aluminum and Chairman of the Aluminum Association's Statistical and Market Research Committee. "I am looking forward to working with him on the Association's highly valued statistical programs." As Vice President, Olsen will direct the Association's North American aluminum industry statistical and business...
