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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Rio Tinto is expected to give shareholders a healthy dividend boost when it reports full-year financials this week, with analysts expecting chief executive Sam Walsh to make good on his mantra of seeking to increase returns to investors. However, the expected 10 per cent rise in dividends is likely to come with a reminder of the company’s recent struggles, in the shape of multibillion-dollar impairments on the company’s aluminium assets. The combination of stronger than expected iron ore prices in 2013 and more than $US2 billion worth of cost reductions should allow Rio to raise dividends from 167¢ per share last year to 181¢ per share, according to a consensus of analysts. Deutsche Bank and JP Morgan both believe the rewards could be even better than that, with both predicting dividends...
Investors note, the recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco - as such premiums have been relatively stable in Asia. Aluminium prices on LME continue to be muted with production exceeding demand coupled with high inventory. Over the past two months, physical premiums have shot up by 78% to $460/tonne in the US and by 37% to $355/ tonne in Europe. This is contrary to expectations that the premiums would decline, given stringent LME warehousing rules to be implemented from April. Physical premium is the money paid over the LME aluminium prices to secure physical delivery. There has been a spike in premiums because of severe winter in N America, which squeezed supply as production was halted and...
Aluminum prices which tumbled to 4.5 years low managed to stage smart recovery on London Metal Exchange. Earlier, disappointing economic data from the US and China had dragged the aluminum prices to $1,671.25 per ton. The elevated supply levels of aluminum also had added momentum to the drastic fall in prices. However, in general, the base metals are expected to trend lower. The recently released quarterly report by the World Bank states that slowing growth in China may trigger negative attitude towards commodities in general. The report predicts that the metal prices will drop for a second successive year in 2014. The prices are predicted to drop another 1.7% in 2014, but all depends on the strength of Chinese economy. According to Commerzbank, the physical premiums for aluminum still...
Our aluminum price index registered a value of 89 in February, a decrease of 3.3 percent from 92 in January. The 3-month LME price closed on Tuesday at $1,686 per metric ton, the lowest level seen in the past 4+ years. Aluminum keeps struggling to reach previous peaks, but it doesn’t seem to have any problem with reaching new lows – a perfect definition of a downtrend. We have been calling for lower aluminum prices in one of our recent MMI reports and this latest downward movement makes us even more bearish. Some have been arguing that prices were low and they couldn’t go even lower. We don’t share that opinion, and while the trend is in motion, we expect prices to keep going down. An interesting fact is the divergence seen in Alcoa’s stock price and aluminum prices. While they usually...
This could be the year the world at last stops churning out much more aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices. At least that is what a few aluminium smelters and bankers are predicting, going against a consensus view that surpluses of production over demand are set to continue. Whatever happens, prices this year are unlikely to rally because there is a huge overhang of stocks, estimated at 10-15 million tonnes globally, although much of this is kept sitting in warehouses earning cash via investment deals. The price of aluminium — mainly used for packaging, construction and transport — has shed nearly 50 per cent since 2008, forcing loss-making companies to slash capacity in recent years.
CME Group Inc., the largest futures exchange in the world, is ready to start up an aluminum futures contract and is even planning to introduce other metals products. CME said it has planned last year to start something alternative to aluminum contract traded on the LME for improving transparency. Consumers such as MillerCoors LLC complained they have wait for long in order to withdraw metals from the warehouses that are monitored by the LME distorted prices. Producers including United Co. Rusal said it is important that exchange improves transparency. “We are still on track and are very pleased with the amount of engagement from the industry,” Harriet Hunnable, managing director of metals at Chicago-based CME, said today in an interview in London, declining to provide a start date for the...
Century Aluminum was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $9.00 target price on the stock, down from their previous target price of $10.00. Cowen and Company’s price target would suggest a potential downside of 22.68% from the company’s current price. The analysts noted that the move was a valuation call. Century Aluminum opened at 11.64 on Wednesday. Century Aluminum has a one year low of $6.26 and a one year high of $12.58. The stock’s 50-day moving average is $10. and its 200-day moving average is $9.12. The company’s market cap is $1.032 billion. CENX has been the subject of a number of other recent...
FinnvedenBulten has, as part of the ongoing restructuring of the foundry business in the Finnveden Metal Structures division, signed an agreement to sell the division's Swedish aluminium business in Finnveden Gjutal AB. The buyer is International Aluminium Casting Sweden AB, which operates with aluminium die-casting in Sweden and Estonia. "Our strategy within Finnveden Metal Structures is to offer a unique combination of sheet metal stamping and magnesium die-casting to meet the need for weight reduction in the automotive industry. The sale of the aluminium business is an important part of the ongoing restructuring program and streamlining of the die-casting operation where all magnesium die casting is concentrated to one focused foundry located in Poland. At the same time we are pleased...
Aluminium prices rises by 0.43 per cent to INR 104.50 per kg in futures trade today as all participants enlarged positions on a firming overseas trend. Strong demand in spot markets is also responsible for metal prices. At the Multi Commodity Exchange, aluminium for delivery in the month of February inched up by 45 paise, or 0.43 per cent, to INR 104.50 per kg in total turnover business of 251 lots. Likewise, aluminium for delivery in the month of March traded higher by 25 paise, or 0.24 per cent, to INR 105.90 per kg in 48 lots. Marketmen said, besides increased domestic demand, a firming trend in the overseas base metals supported the rise in aluminium prices at futures trade here.
While the premiums paid for physical delivery of aluminium against the LME benchmark is going up and industrial users are trying to protect themselves against further rise in premium, CME Group Inc’s nascent aluminium premium contract is picking up in the market during the beginning of the year. According to Reuter report, open interest, a reflection of market liquidity, has hit 242 lots, worth about $10 million and equivalent to 6,050 tonnes of aluminum, almost five times as much as at the start of the year. Market activity has also picked up with 215 contracts exchanging hands in nine days between Jan 16th to 24th. Though it is not a huge volume, the sudden rise in interest is quite substantial for a contract that has hardly seen any trading for two years since its launch. End users who...
Base metals hit two-month low in London due to slowing factory output growth in China coupled with deteriorating demand outlook following uncertainty in the recovery in global economy. Copper hit the low of $7,033.5 in early Monday trade on the London Metal Exchange. The metal lost around four per cent in January, the weakest monthly performance in seven months. Experts believe copper may decline further to hit $7,200. Aluminium prices remain under pressure by bulging global inventories. Prices on Monday stayed over four-year lows of $1,698.25 a tonne tipped on Friday, at $1,703 a tonne. Other metals broadly moved in tandem with copper and aluminium.
The rising cost of green taxes and the burden of EU climate policies have allowed the aluminium industry in Europe to become globally uncompetitive, experts have warned. Rising green taxes are leaving the European aluminium industry at a cost disadvantage to the rest of the world, with international competitors enjoying lower taxation of electricity and lower green levies. The Information Daily spoke to the President of the UK Aluminium Association (ALFED), and the Director General of the European Aluminium Association (EAA) ahead of their meeting with Minister of State for Energy, Michael Fallon. Dr Gerd Goetz, Director General of EAA explained that the EU Commission has requested to regain 20 per cent share of GDP in Europe, which the industry is currently "quite a mile away from". A...
Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) said the country produced 292,702 tons of aluminum ingots in the first 10 months of the current Iranian year (started March 21, 2013). The figure shows an increase of four percent compared with the corresponding output of last year, which was 281,444 tons, IRNA reported on Monday. Iranian Aluminum Company (IRALCO) in Markazi province, Almahdi and Hormuzal in Hormuzgan province with 149,011tons, 87,006 tons and 56,685 tons of output respectively were the three top aluminum producers of the country during the period. Total aluminum ingot production of the three companies for Dec. 22-Jan. 20 stood at 28,551 tons. The report added that Iran Alumina Company produced 205,532 tons of alumina powder in the first 10...
Base metal futures rose on the London Metal Exchange Tuesday, with aluminum carving out significant gains as traders stepped in to buy the metal at reduced prices. The LME's three-month aluminum contract was up 1.1% at $1,695 a metric ton in morning European trade after hitting a four-and-a-half-year low of $1,671.25 a ton Monday. The LME's flagship three-month copper contract was up 0.2% at $7,055 a ton, snapping a nine-session losing streak. "The metals are all attempting to find certain support after lengthy declines," said Richard Fu, head of Asian commodities trading at Newedge. Base metal prices have tumbled in recent weeks, weighed by a slew of disappointing economic data from China and the U.S. -- the world's two biggest base metals consumers. Industrial metals are used in...
Aluminium Bahrain B.S.C (Alba) highlighted its support towards initiatives that showcase the region's industrial growth by signing up as a strategic partner representing the aluminium sector at the Gulf Industry Fair 2014. Organised under the patronage of His Royal Highness the Prime Minister of Bahrain, Prince Khalifa bin Salman Al Khalifa, the Gulf Industry Fair 2014 will be held from February 4 to 6, 2014 at the Bahrain International Exhibition Centre. The Gulf Industry Fair is a highly acclaimed trade exhibition in GCC that covers key industrial segments including aluminium, steel, alloys, metal, automation, metrology, energy, logistics, manufacturing & industrial security & safety. The aluminium sector will include aluminium production as represented by Alba as well as downstream...
With job creation and strengthened Emiratization among its core strategies, Emirates Global Aluminium (“EGA”) – the jointly-owned, UAE-based aluminium conglomerate to be formed by Mubadala Development Corporation and Investment Corporation of Dubai through the integration of Emirates Aluminium (“EMAL”) and Dubai Aluminium (“DUBAL”) – will attend the Tawdheef 2014 career fair, held at the Abu Dhabi National Exhibition Centre from 3 to 5 February. The company’s active participation at the event reflects EGA’s commitment to increasing its proportional Emiratization (currently around 18% across EMAL and DUBAL) by recruiting over 100 UAE Nationals during the course of this year. No newcomer to the event, EMAL has attended the annual Tawdheef career fairs since 2009 (i.e. this is the sixth...
Gulf Industry Fair (GIF) 2014 gets its final touches before it makes way this month (Feb 4-6) at Bahrain International Exhibition and Convention Centre (BIECC). Prince Khalifa bin Salman Al Khalifa, the Prime Minister of Bahrain, will open the industry fair organised by Hilal Conferences and Exhibitions (HCE). GIF 2014 happens to be a B2B exhibition much anticipated as this year’s fair is the biggest in the history of seven years in Northern Gulf's industrial sector. Compared to the floor space of 3,200 sq m in 2013, this year’s fair will occupy a floor space of 3,381.5 sq m. Nearly 120 exhibitors from large industrial & economic powerhouses to vibrant downstream ecosystem of product & service providers representing the aluminium and other alloys, industrial processes and manufacturing,...
The third Iran International Aluminium Conference (IIAC 2014) with the motto “Aluminium, key to sustainable Industry” will take place on the 25-26th of May 2014. In this conference apart from promoting the aluminum industry, the upgrading of Aluminium knowledge is also considered to be of vital importance. With this goal in mind and considering the requirements of participants, the full text deadline has been extended to 6th of March 2014. According to scientific committee, more than 400 abstracts have been received up to this point. Due to the importance of Media Relations in this Conference, metef, edimet and aluplanet have also been added as Media partners in IIAC2014. With concurrent events, Aluminium Conference and Exhibition, IIAC 2014 once again will create unique opportunities for...
