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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XinRen Aluminium Holdings said it has finalized the deal of selling its loss-making smelting plant for 400 million yuan. Changjiang Aluminum is the owner of 130,000 tonnes per annum (tpa) primary smelting facility in Yichang of Hubei Province (Yichang Plant). The group is also planning to use the net income of 375 million yuan for repaying its debt to the Changjiang Aluminium and for working capital.
More than 250 industry leaders from various countries attended the gala event in Muscat to network and discuss key industry issues. Held under the Patronage of Gulf Aluminum Council (GAC), the Gulf Aluminum Dinner (GAD), an exclusive by-invitation-only event that reflects the importance of the Gulf region as an emerging hub in the global aluminium industry, came to a successful close yesterday. This prestigious event was held in Oman for the first time and was hosted by Sohar Aluminium at Al Bustan Palace Muscat on 5th February 2014. The GAD was graced by the presence of His Highness Sayyid Taimur bin Asaad bin Tariq Al Said as the chief guest and a number of other dignitaries from across the government and private sector of Oman. The dinner saw more than 250 invitees comprising of...
The recent rail freight rate hike in West China is set to drive up the production costs at aluminum smelters, according to Shanghai Metals Market. The National Development & Reform Commission (NDRC) of the country raised the rates of rail freight by an average 0.015 yuan ($ 0.00245) per tonne per kilometer. The aluminium smelter in Xinjiang can be seen as a perfect example to witness the impact of this rate hike. Smelters in this region source alumina from Shanxi, Henan, Guangxi and Shandong. As soon as the rate hike came into effect, the charges for freight from Zhengzhou to Urumqi went up 46 yuan per tonne, 50 yuan per tonne from Xiaoyi to Urumqi and 68 yuan per tonne from Nanning. If we assume that 1.95 tonne of alumina per tonne of aluminum isproduced, alumina costs would go high by...
A resolution to assist the expansion of a local industry will come before the Magnolia City Council today. The resolution will support an application by Southern Aluminum for participation in the State of Arkansas’ “Tax Back” program. The program provides sales and use tax refunds on the purchase of building materials and taxable machinery and equipment to qualified businesses investing at least $100,000 and have either a job creation agreement under the Advantage Arkansas or Create Rebate programs within 24 months of signing the Tax Back agreement, or have met the requirements of an Advantage Arkansas or Create Rebate agreement within the previous 48 months. Southern Aluminum must first obtain endorsing resolutions from local governing authorities authorizing the refund of its local...
Noranda Aluminum alleges Ameren Missouri is overcharging consumers for electricity and gas. But one watchdog group says Noranda is just trying skirt the system to get a better deal than it deserves. Tennessee-based Noranda Aluminum runs a large smelting facility in Southeast Missouri … it’s the state’s largest energy consumer. Missourians for a Balanced Energy Future says Noranda wants a better deal than it is already getting though its profit margins speak for themselves. “They issued a claim with the Missouri Public Service Commission alleging that they’re destitute and need a further slash to their electricity rates,” said Irl Scissors, executive director of Missourians for a Balanced Energy Future. But later “… They announced to their shareholders on Wall Street that they’re paying a...
Aluminium Bahrain B.S.C. (Alba) recently announced Project Titan -- a two-year efficiency programme initiated with the objective to reduce cash cost by $150/mt by end of January 2016. Already in the implementation phase, Project Titan (February 2014 to January 2016) is expected to generate a significant amount of savings, majority of which will be invested in projects that will drive future growth in strategic areas of business. Speaking on the implementation of Project Titan, Alba’s Manager for Operational Excellence, Waleed Tamimi said: “Alba remains committed to improve its efficiency without compromising safety, quality or effectiveness. Project Titan, through its cost initiatives in various areas of operations, aims to drive revenue growth as well as boost profitability, thus...
Europe aluminium premium recorded high in February, a rise of 30 % from 2014 beginning, and have stayed at high levels of approximately $360 a tonne above cash aluminium price at LME. Still, the prices are quite low in North America, where the aluminium premiums in Midwest rose to 20.5 cents per lb ($452/tonne) in the beginning of this year. "Producers are saying that they need to raise the premiums as high as the other regions as physical metal supply is tight," according to three sources at aluminium users. "To offset weaker metal prices, producers need higher premiums. Otherwise, we can't afford to pay production costs," a producer source said. But aluminium buyers were not ready to accept high premium prices. "These offers are insane. Premiums in the Midwest are now falling, and...
Alcoa and the Government of Québec have reached an agreement to improve the competitiveness of Alcoa’s three smelters in Québec, securing approximately 3,000 jobs. Under the agreement, Hydro-Québec will renew Alcoa’s power supply contracts for the Becancour and Deschambault facilities until 2030 and for the Baie-Comeau plant through 2036. The agreement enables Alcoa to proceed with $250 million of planned investments at the smelters over the next five years to further improve their competitiveness. As part of that investment, Alcoa will increase production of aluminum used for auto manufacturing and reduce production of commodity-grade aluminum at the Baie-Comeau casthouse to capture demand from automakers as they turn to aluminum for more fuel-efficient vehicles. According to automakers,...
Spot aluminium stockpiles grew in China by a hefty amount of 82,000 tons last week due to a lack of downstream consumption, according to a survey by Shanghai Metals Market. Stockpiles of the lightweight metal on a spot basis in China’s four major trading regions – Shanghai, Wuxi, Nanhai and Hangzhou - rose to 927,000 tons, with most increases seen in Nanhai and Wuxi on higher local prices, according to the survey. Growth was limited in Shanghai, where spot stocks were estimated at 331,000 tons, the survey shows. SMM expects inventories to continue to rise for the foreseeable future as downstream demand has yet to recover following the holiday season. For instance, aluminium wheel manufacturers are reportedly depleting stocks on hand with the metal prices falling persistently.
Montenegrin privately-held metals trader Uniprom has filed the sole bid in the second tender for the sale of bankrupt aluminium firm KAP's assets, offering to pay the starting price of EUR 28mn, daily Vijesti reported on Feb 20. The offered price was somewhat lower than the EUR 28.5mn Uniprom proposed to pay in the first tender earlier this year. The new offer includes EUR 76mn investments in raising the capacity to 120,000 tonnes of primary and 30,000 tonnes of secondary metal products by 2018 – the same as in the first tender. The investor is also again asking written statements from energy producer EPCG and power grid operator CGES that in the new contract for KAP's electricity supply the price per MWh, including distribution costs, will not go above EUR 38. Only under this condition...
Aluminum buyers in Japan, Asia’s largest importer, are set to agree on a record fee next quarter as global producers reduce output and rates in the United States and Europe surge, said three executives who will start price negotiations next week. The surcharge for the three months starting in April may exceed $350 a metric ton over the London Metal Exchange cash price, according to the executives, who represent buyers and sellers and asked not to be identified because they aren’t authorized to speak to the media. That is a gain of as much as 37 percent from the high of $255 to $256 this quarter. United Co. Rusal, the world’s biggest producer, said Tuesday it plans to cut output by 10 percent to 3.5 million tons in 2014, the lowest level in at least eight years. Alcoa Inc., the largest...
China’s output of A356 aluminum alloy dropped in February since the Chinese New Year holiday allowed fewer working days in the month, Shanghai Metals Market has learned. Output at producers surveyed by SMM totaled 110,000 tonnes this month, down 5,500 tonnes from January. Operating rates averaged 66.67%, also down 3.33% month-on-month. Processing charges for alloy delivered to factory held stable at 680 yuan ($ 111) per tonne, but were heard to be 700 yuan per tonne at selected producers. On the demand side, consumption by wheel manufacturers was sluggish. First, wheel manufacturers reopened later following Chinese New year than in years past. Second, persistently falling aluminum prices prompted wheel manufacturers to deplete raw material stocks on hand. SMM expected consumption of A356...
Several months after shuttering its local plant and almost one full year since it filed for bankruptcy, Ormet Corp. has announced the smelter plant and surrounding property - including land on which natural gas currently is being produced - is up for sale. The company, in noting the plant's assets for a potential new buyer, is touting the ability to restart each of its closed smelter's six potlines independently, as well as expected natural gas royalties from the adjacent land. Calibre Group, the company's investment bank, already has begun to reach out to prospective purchasers and investors and is assisting Ormet with other strategic initiatives that may add value for a potential buyer. To help pay off debts, the aluminum producer, which filed for bankruptcy on Feb. 25, 2013, has sold...
The capital expenditure target of Nalco has been squeezed by 32% to $190M (approx) for the year 2014-15 as a result of repeated failure of this Public Sector Unit in meeting their targeted expenditure in earlier years. Moreover, the capital expenditure target of National Aluminium Company's (Nalco) has been cut down by a huge 69% to $87M (approx.) from originally estimated amount of $280M (approx.) for the present fiscal, the Interim Budget papers for the year 2014-15 showed. "Plan outlay is mainly meant for Greenfield project and expansion plans, captive coal mine Utkal E, second phase expansion and additions/modification/replacement," it said. Recently, a Parliamentary Standing Committee on Coal and Steel asked the company as well as its parent, Ministry of Mines, about their...
The importance of the growing aluminium sector in UAE was reflected recently at Tawdheef 2014 career fair that has witnessed a record number of applications from Emiratis. Over 1,600 UAE Nationals have applied to work at Emirates Global Aluminium (EGA), the UAE based jointly-owned aluminium conglomerate to be formed by Investment Corporation of Dubai and Mubadala Development Corporation through integration of Emal, Emirates Aluminium and Dubai Aluminium, Dubal. Saeed Al Mazrooei, CEO of UAE Operations, said, "Emiratisation is at the core of our strategy for an expanding aluminium sector in the UAE. As a main driver for industrial diversification, the aluminium industry is key to providing a prosperous future for the nation. Emirati talent has been at the fore as the UAE established itself...
Aditya Birla group’s company expansion plans are still entirely focused on the aluminium and alumina business, where the company embarked on a $5.5 billion capital expansion plan in 2009. As part of this, it started work on new projects in Madhya Pradesh, Odisha and Jharkhand. The company is looking at more than 1 million tonne capacity for aluminium in the next few years from 513,100 tonnes now, while its copper capacity, with only one plant, remains at 500,000 tonnes. The company perhaps realized this anomaly as it announced in August that it is re-evaluating its investment strategy with respect to the proposed Aditya Refinery in Odisha and the Jharkhand aluminium project, citing delays in getting regulatory approvals and the uncertain economic environment. The company has several...
AZ China’s 4th International Aluminium and Carbon conference which will be held at Sofitel Hotel in Beijing, May 5-7 has recently announced a full list of speakers, including the former Australian Ambassador to China, Dr Geoff Raby, Economist, author and member of Bloomberg’s Beijing team, Tom Orlik and Ron Knapp, Secretary General, International Aluminium Institute. These speakers will be discussing where China is headed over the next 5 years. China has been the focus of the aluminium industry for years and will continue to be so as more and more production takes place in a country which is well known for cheaper manufacturing costs. By the year 2020, China will have around 60 million tonnes of primary aluminium capacity, while production in the rest of the world will be exceeded 30...
Aluminium Bahrain B.S.C. (Alba) demonstrated its commitment to empower women with the launch of its first batch of Women’s Vocational Training (VT) Programme on February 18, 2014. As part of the programme, 10 Bahraini women have been inducted to undergo a structured training programme over the span of two years during which, they will be trained on all aspects of the job in the assigned department. The inducted trainees have been assigned to the following departments: Infrastructure and Engineering, Procurement, Health, Safety and Environment, Marketing, Financial Accounting and Laboratory. Commenting on the launch of the first-ever batch of Women’s VT Programme, Alba’s Training & Recruitment Manager, Rawdha Salman Alaradi said: “Alba is proud to launch the maiden Women’s VT Programme,...
