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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Sohar Aluminium will be organizing a gathering of the aluminium industry at Al Bustan Palace Hotel between February 5 and 6. The event held under Gulf Aluminium Council’s patronage, will have London Metal Exchange’s (LME) chief executive officer, Garry Jones, as the key speaker. They will have reputed names such as Sayyid Taimur bin Asad bin Tariq Al Said in their chief guest list. The event is a great chance for showcasing the prowess of Oman in aluminium producing sector as well as offers the platform to promote Oman, its businesses, its industries and also future development prospects. The key decision makers all over the world will be attending the dinner event and they will have an opportunity for exploring future businesses as well as investment opportunities in Oman. On the...
National Aluminium Company Limited (NALCO) has commissioned its second wind power project at Ludarva in the district of Jaisalmer in Rajasthan. The power plant boosts 47.6 MW capacity. The wind power project worth Rs 283 crore was executed through M/s Gamesa Wind Turbines Private Limited, according to an official release. The turbine company has involved themselves in the erection of 56 wind turbines, each having a 850 KW rating. In the first phase of set up, the company had 36 turbines erected. The company has successfully commissioned remaining 20 turbines in the second phase. Earlier, the company had set up their first wind power plant in December 2012 at Gandikota in the district of Kadapa in Andhra Pradesh having a capacity of 50.4 MW worth Rs 274 crore. The company is even planning...
The Brazilian Aluminum Association, said on Thursday, primary aluminum production in Brazil fell 9.2 % to 1.3 million tonnes in 2013 in comparison to 1.44 million tonnes the previous year. According to the association,despite Brazilian electricity costs getting low, it resulted in the decline as it failed to bring down the operating costs to a competitive level
The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 1.5 percent on Wednesday, January 29 to close. After falling for two days, the primary aluminum cash price rose 0.1 percent on the LME to $1,713 per metric ton. The aluminum 3-month price steadied at $1,757 per metric ton following two-days of dropping prices on the LME. Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row. The price of Chinese aluminum billet saw little movement. For the fifth consecutive day, the price of Chinese aluminum bar held flat. The Chinese aluminum cash price remained essentially flat.
CRU's 19th World Aluminium Conference will take place on the 19-20 May 2014 at the JW Marriott, Hong Kong. CRU's World Aluminium Conference attracts influential delegates involved in smelting, recycling, rolling, extruding, trade, raw materials, purchasing, technology and finance. The event is valued for the quality of the presentations, the excellent networking and the business opportunities that arise from important industry meetings. The points to be discussed in the conference are as follows: • Exchange strategy: What impact will increased competition between exchanges have on arbitrage, warehousing, RNB denominated contracts and strategy? • Benefit from price forecasts in primary, premiums, secondary, bauxite and alumina • Examining the demand growth prospects in primary and semis...
Century Aluminum Company will report fourth quarter 2013 earnings on Thursday, February 20th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Thursday, February 20th at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call.
aluminium sector, with Indonesia’s ban on exporting metal ores set to boost costs of the raw material bauxite and pile more pressure on struggling smelters,” reports Reuters. “Beijing has been issuing broadbrush rules aimed at reining in overcapacity in sectors such as aluminium and steel for about a decade, but plans have usually been thwarted by resistance from local governments anxious to boost growth.” “In the aluminium sector, ageing and inefficient smelters are already grappling with rising power prices, but now face potential bauxite shortages after Indonesia halted ore shipments on Jan. 12, as part of efforts to make miners process minerals at home.” “China is the world’s biggest aluminium producer and curbing expansion could ease a global surplus of the metal and even lead to the...
The 6th conference International Conference on Electrodes will be held 13th to 15th May 2014 in Reykjavik. Like the previous ones, the topics in the conference will include anodes and cathodes. Further, emphasis will be given on environmental issues, future prospects and increasing productivity in the aluminium industry. The organisers of the conference plan to give their delegates opportunity to visit primary aluminium smelters Rio Tinto Alcan at Straumsvik (ISAL) and Nordural at Grundartangi during the conference days. If the organisers find sufficient interest among the delegates, they will organize a trip on 16th May, a day after the conference, to Alcoa Fjarðaál smelter in Reyðarfjörður, east-Iceland.
Aluminium prices fell by 0.97% to INR 106.65 per kg in futures trading today after speculators trimmed their exposures amid a weak global trend. At the Multi Commodity Exchange, aluminium for delivery in January declined by Rs 1.05, or 0.97% to INR 106.65 per kg in business turnover of 505 lots. Similarly, the metal for delivery in February traded lower by INR 1.05, or 0.96% to INR 106.85 per kg in 183 lots. Market analysts said the fall in aluminium futures was mostly in tune with a weakening trend at the London Metal Exchange ahead of the outcome of US Federal Reserve's meeting today. Meanwhile, aluminium for delivery in three months fell 0.20% to $1,754.50 a tonne on the London Metal Exchange.
Japan’s aluminium output and demand saw moderate declines in 2013 amid high inventory levels. Output of value-added aluminium products in 2013 dropped 1.3% year-on-year to 1.95 million tonnes. Production of flats retreated 1.9% to a three-year low of 1.14 million tonnes, according to the Japan Aluminium Association (JAA). Output of extrusions fared worse, dropping for a fourth straight year to 814,896 tonnes. The spot main Japan port aluminium premiums – the amount over LME price that buyers in Japan are willing to pay for material – went over $300 tonne last week following a spike in Midwest premiums, with some traders also attributing the rise to physical factors. For the month of December, output dropped to its lowest since September, despite posting a 7.1% gain compared with the...
National Aluminium Company Ltd (NALCO) has reported a rise of 10 per cent in net profit at 21 million dollar (approx.) for the 3rd quarter ended Dec 31st. The Orissa based Navratna PSU had posted a net profit of 19 million dollar (approx.) during the corresponding quarter of the last fiscal year. Net sales of Nalco dropped to 260 million dollar (approx.), down 2.94 per cent in the last quarter against 267 million dollar (approx.) of the 3rd quarter of FY'13, the report in BSE says. Other income, which is mainly interests earned on deposits, was up by 7.18 per cent to 19 million dollar (approx.) in the last quarter. The third quarter financial results say, 1.4 million tonnes of alumina hydrate was produced by Nalco, during the first nine months of the financial year 2013-14, a 12.2 per...
Aluminium touched its weakest levels in more than four years on Wednesday on persistent worries of overproduction while copper dropped for a sixth session ahead of the week-long Lunar New Year holiday in Asia. Three-month aluminium on the London Metal Exchange touched a low of $1,735.25 a tonne, the weakest since July 2009. The metal, burdened by global inventories estimated at 10-15 million tonnes, recovered slightly to close down 0.7 percent at $1,742 a tonne. Aluminium premiums - which consumers have to pay on top of LME cash prices for immediate delivery - have shot to record highs in recent weeks, but this has stoked worries that this will allow some smelters to keep churning out metal. "The high and in some cases still rising premiums in the key consumer regions and countries are...
Century Aluminum Sebree LLC, a wholly owned subsidiary of Century Aluminum Company, announced today that the Kentucky Public Service Commission has approved agreements among Century Aluminum, Big Rivers Electric Corporation and Kenergy Corp. that will allow Century to purchase market-priced power for the Sebree aluminum smelter beginning February 1, 2014. This agreement will allow for continued operation of the Sebree smelter following the expiration of the current power contract on January 31, 2014. "A market power arrangement is a critical enabler for this plant to continue operating and we believe this agreement will allow Sebree to be viable in the world market over the long-term," commented Michael Bless, President and Chief Executive Officer. "On behalf of Century's Board of...
Sesa Sterlite Ltd, India’s biggest zinc and aluminium maker, beat Q3 earnings estimates as metal and oil output rose. Billionaire Anil Agarwal’s company said it will focus on reducing debt. Net income was Rs.18.7 billion in the three months ended 31 December, the Panaji, Goa-based unit of Vedanta Resources Plc said on Tuesday. That compared with a median estimate for Rs.16 billion. Sales were Rs.194 billion, better than analyst estimates of Rs.186.3 billion. The figures don’t compare with the year-earlier period as the merger of copper producer Sterlite Industries (India) Ltd and iron-ore miner Sesa Goa Ltd, both owned by Agarwal, to form Sesa Sterlite took effect in August. “We have been generating healthy cash flows in all our businesses,” chief executive officer M.S. Mehta said on a...
The global aluminium market looks very well supplied. On the surface, JP Morgan projects primary demand will be 53.1m tonnes in 2014, implying the stock-to-use coverage on the London Metals exchange is 14 weeks or more. Nevertheless, a closer look at the fundamentals reveals a sharp divergence in the balance of aluminium stocks according to region. Generally, a surplus forecast for China in 2014 masks a forecast deficit elsewhere. JP Morgan observes local deficits are particularly steep in the US, Japan and Europe, all of which compete for the same supply from the Middle East and Africa. Outside of China the latest data show production declines were most severe in Europe but also output was lower in 2013 in South America, Oceania and Asia ex-China. Capacity closures keep coming too. JP...
On Saturday, Montenegro launched a tender for selling the partially state-owned KAP aluminium plant, said an official. This aluminium plant, that has been declared bankrupt, is its biggest industrial employer. Veselin Perisic, the bankruptcy administrator of the plant said, the country expects to receive 28 million euros ($38 million) for this Aluminium Company Podgorica (KAP) along with its property. He also added, the tender will be open till February 17. KAP has been declared bankrupt by a Montenegrin commercial court last October after finding out the expiry of the deadline for submission of its plans for reconstructing. Montenegrin government is the owner of 29. 36% of this smelter. It had applied for its bankruptcy in July. It is estimated the aluminium smelter owes 360 million...
Revenue in the China aluminum smelting market has been growing at an average annualized rate of 8.7% between 2008 and 2013 to $73.8 billion. As a basic metal, aluminum has a wide variety of applications within the Building Construction, Automobile Manufacturing), Power Grid Construction, and packaging material industries. These downstream industries are strongly promoted by China´s booming economy and rising urbanization. With increasing downstream demand for aluminum products over the past three decades, aluminum-related industries developed rapidly, expanding output capacity as product prices appreciate. Alumina output, the major material for primary aluminum, has increased from 3.3 million tons in 1998 to an estimated 41.8 million tons in 2013 due to major players expanding output...
This year is predicted to be the one, when the world can churn out excess aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices. This is what is predicted by few aluminium bankers and smelters, going against the general view that excess of production over demand will continue. Whatever happens, this year prices are unlikely to improve due to huge overhang of stocks, estimated at 10 -15 million tonnes globally, although much of the excess is stocked in warehouses that are earning money via investment deals. The price of aluminium that is mainly used for construction, packaging and transport has gone down nearly 50% since 2008 and this has forced the loss-making companies to cut down their capacity in the...
