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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Aluminum ended the yesterday's trading session marginally lower by 0.06% at the LME platform as the commodity continues to take positive cues from the short term supply tightness. Aluminum stocks declined by 39,875 MT and the cancelled warrants for the commodity increased from 2345275 MT to 2502800 MT. However this positivity on the inventory front and short term supply squeeze in the commodity due to lack of availability of the metal due to abnormally low temperatures in the US did not protect the metal from a sharp fall during the week. For the day, we have a sell view on Aluminum as the commodity might take negative cues from the new home sales data in the evening session which is expected to decline and may have a slightly negative impact on all metals, including aluminum. For the...
Aluminium Bahrain B.S.C. (Alba) is a gold sponsor for University of Bahrain (UOB)’s 14th Careers Day, which will be held from March 5 to 7, 2014 at the University’s Sakhir campus. Alba’s sponsorship support underlines the company’s commitment to inspire and enable young Bahrainis to discover career advancement opportunities within the company as well as in the aluminium industry. Alba’s Chief Executive Officer, Tim Murray and Acting Director for Administration, Abdul Rahman Janahi presented the sponsorship cheque to UOB’s Head of Career Counselling Office, Badria Zaiman. Alba has been a regular participant of UOB’s Careers Day since its inception in 1999, and the company’s stand has always attracted a large number of students eager to know about the company and the career opportunities...
Aluminum Corporation of China (Chinalco) took seven years to develop the technology to produce electrolytic aluminum using a 600 kA super-large cell. Recognized as a significant project under 863 Program in China in the year 2009, the technology was tested & certified by China Nonferrous Metals Industry Association (CNIA) and Ministry of Science and Technology. Shenyang Aluminum & Magnesium Engineering &Research Institute (SAMI) had designed this technology and it was tested in a plant built by the Liancheng Branch of Chinalco. It was designed to solve technical difficulties like magnetic fluid stability as well as operational stability of 600 kA super-large energy-efficient electrolytic cells. Experts believe this is a globally advanced technology and offers great energy conservation. In...
Rising capacity at aluminum plants in China, which account for almost half of world output, will weigh down prices this year in a market that’s already over-supplied, according to Fitch Ratings Ltd. Capacity may increase to 34.2 million metric tons from 30.3 million tons in 2013 and 26 million tons in 2012, Fitch analysts Laura Zhai in Hong Kong and Su Aik Lim in Singapore, wrote in a report today. Most of the additions will be in the western part of the country, according to the report. Capacity growth in China, also the world’s biggest user, may help extend a slump in futures prices that slid 13 percent last year. China increased production last year, while the rest of the world cut output by 1.06 million tons, according to the Fitch report. “Capacity growth continues to outpace demand...
Alstom has secured a key contract in the United Arab Emirates with Dubai Aluminium (DUBAL), to upgrade two GT13E2 gas turbines with its innovative MXL2 upgrade package. The upgrade will increase flexibility and competitive advantage of DUBAL’s combined-cycle power plant (CCPP). This new contract - in conjunction with an extension to the long term service agreement (LTSA) with DUBAL - will be the first MXL2 upgrade deployed in the Middle East region. Its implementation is expected to be completed in early 2015. Progressively evolved from proven Alstom technology, the multi-mode MXL2 retrofit product gives DUBAL the ability to achieve a 1% increase in combined cycle mode efficiency as already proven with a previous implementation of the product in the United Kingdom (South Humber Bank). It...
LME aluminium may continue to hover above a support at $1,762 per tonne, with a good chance of rebounding to $1,779, as it seems to have completed a short downtrend from the Jan. 17 high of $1,825.25. The trend failed to extend further after approaching a trendline that rose from the Dec. 2, 2013 low of $1,736.25. Wave pattern suggests the completion of a five-wave cycle around $1,762, the 100 percent projection level of a wave c. A drop to $1,758 will indicate the extension of the downtrend towards $1,745, the 138.2 percent projection level. 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...
Looks as though “Constellium NV and UACJ Corp will form a joint venture in the United States to supply the auto industry in response to growing demand for light-weight materials, the companies said on Thursday,” reports Reuters. “Car manufacturers are turning to aluminium to raise fuel efficiency in line with new regulations, and some analysts expect a fivefold increase this year in the auto aluminium sheet market in the United States.” “Dutch-based Constellium and Japan’s UACJ plan to invest about $150 million to develop a production facility for aluminium sheet for car bodies, with an initial capacity target of 100,000 tonnes, they said in a joint statement.” “The partners aim to launch production in the first half of 2016, a Constellium spokesman told Reuters, adding they would...
Russian state lender Sberbank is negotiating with loss-making aluminium group Rusal on a debt restructuring deal to help the company weather low aluminium prices, two banking sources told Reuters on Friday. United Company Rusal, the world's biggest producer of the metal used in transport and packaging, has been hit by weak aluminium prices and its heavy net debt levels of around $10 billion. "The model has been broadly agreed... We cannot afford the world's largest producer to fail," one of the sources said. Rusal declined to comment. Sberbank could not be reached for immediate comment. The price of aluminium has shed nearly 50 percent since 2008, forcing loss-making companies to slash capacity in recent years and causing some smelters to close down completely. In 2010, Sberbank took on a...
According to Fitch Ratings, for the next 2 years, Chinese aluminium prices will remain low as new cost advantageous plants are in line. Chinese companies have spent less on the structures of these new plants as they are located mostly in China’s western part where they can take advantage of cheaper power due to the region’s abundant coal supplies. Even the new aluminium facilities have their individual power plants to cut down the power costs as in order to keep their total production costs under control. In 2013 & 2014, the additional aluminium capacity will worsen the intense competition in a market that is already over-supplied. In October 2013, the Chinese government released fresh guidelines to give more specific measures for tackling the aluminium sector’s persistent overcapacity....
If successfully concluded, current negotiations between aluminium group Hulamin and BHP Billiton offer the tantalising prospect of comparatively stable earnings growth for Hulamin over the foreseeable future. Such growth should see a reversal of fortunes for Hulamin shareholders who looked on as the share briefly traded at R40 when it was first listed in 2007, and subsequently drifted down to a low of R3 about one year ago. Yesterday the share closed unchanged at R6.30. Discussions with BHP Billiton, which have been on the go for several months, relate to the future supply of aluminium slab from BHP Billiton’s casthouse at its Bayside facility in Richards Bay. The discussions appear to have become more urgent since BHP Billiton commenced an engagement process with its employees over the...
Russian aluminium magnate Oleg Deripaska has proposed moving the nation's capital to Siberia, to stem the concentration of power and "corruption" in Moscow and help integrate the country into Asian and Pacific economies, a news report said. Deripaska, whose RusAl aluminum company has most of its plants in the Siberian region of Krasnoyarsk, made the proposal at the Davos economic forum during a panel discussion about Siberian development, Vedomosti reported on Thursday. "Moscow means excessive centralization and corruption," Deripaska said. He named Krasnoyarsk and Irkutsk as candidates for a new capital. Deripaska said that integrating Russian into the Asian and Pacific region's economies was a "question of the country's survival." Russians widely debated moving the capital to St....
Century Aluminum Co. is the US based aluminium company which though not as big as Alcoa is expected to see some great action at the stock market given the overall upward trend in the industry. Century Aluminum too benefits from industry changes The recent change in regulations by some of the major aluminium raw resource-holding countries and the output limitations, had definitely driven the basic cost of aluminium higher. Along with this the increased demand and less supply has also meant, the until now flat-trading basic materials industry is definitely set on the upward growth trend. Century Aluminum Co is seeing some great rally already in Alcoa, even as it builds on its strategy for the coming trends. Currently, JP Morgan has stated that Alcoa will see great prices driven by the...
Alcoa today announced that its Board of Directors has elected Carol L. Roberts a director of the Company and member of the Audit Committee of the Board. Ms. Roberts, 54, is Senior Vice President and Chief Financial Officer of International Paper Company (IP), a global leader in packaging and paper with manufacturing operations in 24 countries and 2012 net sales of $28 billion. Her career spans engineering, manufacturing, business management, human resources and finance, bringing a strong set of cross-functional experiences to the Alcoa Board. “Carol has been a highly successful leader, delivering proven results at every level from operating mill to global business group,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “With her finance and operational experience and...
Critics have argued BHP Billiton’s power deal with Eskom might be a great deal for the firm but turn out to be a disaster for South Africa. Brokered initially by Mick Davis and then by Derek Keys, the finance minister of the National Party, Gencor (later as BHP) built the Richards Bay smelters. This was done to take advantage of additional electricity supply that the firm was selling at a cheap price in the 90s. Since the middle of last decade, though, Eskom has faced electricity supply crisis with widespread blackouts in the year 2008 as well as continual horse-trading with the big industrial users and few of the users even had to cut down on their consumption to keep the lights on. The power rate of BHP Billiton, in such a situation,was reported at R0.09/Kwhr (US$0.01/Kwhr), appears...
Aluminum prices had plunged by 0.8% at LME platform and settled at $1783/MT as a result of a stronger dollar. The dollar strengthened due to the increasing Global growth forecast by IMF from 3.6% to 3.7% and it weighed negatively on aluminum. Though the inventory picture of aluminum depicts positivism in the face of declining inventories as well as increase in cancelled warrants, these did not protect aluminum from falling in last day’s session. Aluminum is expected to business in a ranged manner at MCX platform as the metal might take positive signals from high physical premiums still hovering above 20 cents per pound mark as a result of supply tightness. However the metal might also take negative signals from the weak manufacturing data of Chinese.
According to Oleg Deripaska, the CEO of Rusal, the largest aluminium company in the world, discipline among aluminium producers and restrictions in supply to the market can save the aluminium market from the current financial crisis. "Now we realize only discipline on the supply side… will help us to recover," said Mr. Deripaska. "It is interesting that finally the world recognized we should have more disciplined in terms of supply of commodities to the market. We were very optimistic in 2005, 2006 and 2007 in thinking that growth could continue for ever," he added. Deripaska passed this message to CNBC from the World Economic Forum in Davos, Switzerland. Rusal stopped production at its non-profit European smelters and cut down heavily on its aluminium output in 2013 to keep the falling...
Aluminium Bahrain B.S.C. (Alba)'s Chief Executive Officer, Tim Murray recently visited customers in Asia as part of Alba's drive to improve customer satisfaction as well as expand its customer base across the region. Mr. Murray met with Alba's customers, trade partners as well as employees in the company's local offices to discuss the key role played by them in the growth of the company. The visit also served the purpose of meeting with potential customers for Alba and forging a significant business relationship with the companies. Alba's CEO was accompanied by Alba's Manager for Customer Services & Operations, Khalid A. Latif, Manager Sales Asia & Pacific, Yogesh Kumar and key sales personnel for Asia - Enoch Kwok, Mohammed AI Awadhi and Teresa So. Highlighting the purpose of the Asia...
Anahata specializes in the delivery of cross-platform solutions that are developed using open source technology with open standards. With this, the company is able to guarantee compatibility, stability and security over the lifespan of the application while reducing ongoing and upfront license fees. The firm delivers cross-platform software solutions for Mac that work flawlessly with Mac applications. This included the Patient Record Management System that is operated on a Pac platform and is integrated with a Mac application Genie. On the Windows platform, the Perth software company provides tailor-made software solutions based on Oracle technology as a Certified Oracle Partner. These include Oracle Database, MySQL, Java Enterprise Edition, Java. Anahata also delivers customized software...
