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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A356 aluminum alloy stocks in China were expected to grow in January due to growing production and sagging demand, Shanghai Metals Market has learned. Output at producers surveyed by SMM totaled 115,500 tonnes this month, up 6,000 tonnes from a month ago. Operating rates averaged 70.0%, also an increase of 0.7% month-on-month. Aluminum smelters geared up production of alloy as closure of nearby processors for the Chinese New Year holiday created an overhang of aluminum liquid. This drove A356 aluminum alloy output up. The upcoming weeklong holiday undermined demand from wheel manufactures. Large wheel manufactures will remain in operation till January 25, but most SMEs began to close on January 20. In addition, poor orders and depressed aluminum prices also deterred wheel makers from...
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on January 29, 2014, to take on record the Unaudited Financial Results of the Company for the quarter ended December 31, 2013 (Q3). Shares of National Aluminium Company Ltd was last trading in BSE at Rs.36.95, up by Rs.0.45 or 1.23%. The stock hit an intraday high of Rs.37.30 and intraday low of Rs.36.40. The total traded quantity was 0.29 lakh shares as compared to 2 week average of 0.78 lakh shares.
Hydro's fourth quarter results 2013 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday February 12, 2014. The quarterly report and presentation slides will be available on www.hydro.com at the same time. Hydro will host a combined analyst and press conference at its corporate headquarters at Drammensveien 260, Oslo at 08:30 CET the same day. The presentation will be held by President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik and can also be seen on web TV. There will be a Conference Call at 15:00 UK Time (16:00 CET, 10:00 AM EST,) the same day. The Q&A will be held by President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik.
The Energy Department has sought the views of Gridco, the power trading utility of the State, on the issue of granting permission to the Vedanta Aluminium and Power to use power from Sterlite Energy. This is in response to Vedanta Group’s request to the State Government for using 600 MW power from Sterlite Energy (a subsidiary of Vedanta Group) to run its smelter plant at Jharsuguda. Vedanta Aluminium Limited has set up a 1.1 million tonne per annum (mtpa) new aluminium smelter at Jharsuguda as Special Economic Zone (SEZ), is lying idle presently for want of power. “We are providing 600 MW to Gridco for the last three years. Since Odisha is now power surplus State, we may be allowed to use this power for running the new smelter plant to full capacity,” said Vedanta Aluminium and Power...
LME aluminium is expected to revisit its Jan. 17 high of $1,825.25 per tonne, as it has completed a correction from this level. The correction could be considered as a pullback towards the neckline of an inverted head-and-shoulders that formed between Jan. 6 and Jan. 15. The quick recovery of the price from the Tuesday low of $1,781 indicates a completion of the correction. Further indication of the completion is a long-shadowed hammer which appeared on the daily candlestick chart on Tuesday. 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.
JPMorgan upgraded Century Aluminum from Underweight to Overweight with a price target of $13.00 (from $6.00). "We are increasing estimates, raising our price target to $13, and upgrading CENX to Overweight from Underweight to reflect the impact of tightening aluminum markets and rising Midwest premiums on the company’s earnings. Given the pace and amount at which premiums increased recently it is clearly difficult to forecast how long they will remain near current levels which we believe provide a significant amount of earnings support to the company’s primary aluminum smelting operations," said analyst Michael F. Gambardella. Shares of Century Aluminum closed at $11.12 yesterday, with a 52 week range of $6.26-$11.42.
Analysts predict a tightening surplus in the aluminium market. The surplus this year is seen at 568,400 tons compared to an oversupply of 591,747 predicted in a previous poll. Cash aluminium prices are seen averaging $1,840 a ton this year, according to 31 analysts, down from previous forecasts of $1,885, and slightly lower than average 2013 cash prices of $1,844.95 a ton. Next year aluminium prices are seen at $1,984.10 a ton, coinciding with a further tightening of the surplus to 500,000 tons in 2015.
According to a latest report by General Administration of Customs in China, there has been a decline in aluminum imports of 2013. Total unwrought Aluminium imports in the year 2013 (Jan- Dec) were 371483 tonnes. On the contrary, a marked rise has been witnessed in overall unwrought Aluminium imports in December. The report said the total imports of unwrought Aluminium gained by 428.77% to about 76060 tonnes in December 2013. Regionwise, imports of unwrought Aluminium from North Korea gained by 240.75% around13709 tonnes in 2013 December. Unwrought Aluminium imports from the region increased to 100.78% around 20081 tonnes.
Aluminium Bahrain B.S.C. (Alba)'s Administration Department today (Tuesday, January 21, 2014) launched its HSE Week under the theme "Together, We Build a Safe Culture", encompassing administration employees across all departments at Alba. The HSE event - to be held from January 21 to 23, 2014 - will feature presentations, films and discussions highlighting administration safety issues as well as conduct safety drills, inspection walks and HSE quiz competitions for employees. The ceremony was inaugurated by Alba's Chief Executive, Tim Murray along with Chief Marketing Officer, Jean Baptiste Lucas, Chief Financial Officer Ali Al Baqali, Chairman of Alba Labour Union, Ali Al Binali, Acting Director for Administration, Abdul Rahman Janahi and attended by various other department managers as...
The National Union of Metalworkers of South Africa (Numsa) said on Monday that global mining giant BHP Billiton had not "officially" consulted it about the possible closure of parts of the Bayside aluminium smelter in the port of Richards Bay, in KwaZulu-Natal. On Friday last week, the world’s largest diversified mining company said it had begun consultations with employees in its Aluminium SA business on the proposed halting of aluminium smelting and associated services at Bayside. Through Aluminium SA, BHP Billiton runs two aluminium smelters at Richards Bay — Bayside and Hillside. Hillside was the largest producer of standard aluminium ingots in the southern hemisphere, while Bayside provided value-added products to downstream manufacturers in South Africa. BHP Billiton also said that...
Last year the close down of Aluminium Delfzijl (Aldel), the only smelter in Netherlands is not considered to be the last. That is what Citicorp’s David Wilson says. With an overall capacity of 110,000 metric tons annually, the smelter announced its closure after the owners was not able to negotiate a low-cost energy deal. “There’s no reason to produce aluminium in Europe,” and “production in Europe will fall to 2 million tons this year, the lowest since 1971,” Wilson predicted. He said smelters in Germany and Spain are under greatest threat. With the shutdown of Italy’s Fusina permanently last year, future of aluminium smelters in Europe has been quite doubtful. Lynemouth and Anglesey smelters in UK also closed down due to financial crisis. The overall production of France is in a better...
PhosAgro has signed a long term deal with RUSAL for aluminium fluoride and raw materials supply needed for the production process. According to the first contract, PhosAgro-Cherepovets will supply aluminum fluoride to UC RUSAL TD until December 31, 2034. The transaction costs over RUB20bn. UC RUSAL TD will supply aluminium hydroxide to PhosAgro-Cherepovets for production of aluminium fluoride, under a second agreement. The second transaction costs approximately RUB6.5bn.
After Alcoa stocks have been upgraded by JPMorgan in November to ‘overweight’ on the prospect of a tight global aluminium market in near future, the shares of Alcoa have been moving at their fastest speed. New York- based analyst Michael Gambardella has pulled up the earnings forecast for the year to 78 cents per share, almost double the earlier projection, due to the rising price of bauxite in China. Alcoa has been aggressively involved into capacity cut over the last year to keep the aluminium price stable. “While LME aluminium prices have remained relatively flat despite the tightening physical market, regional premiums have been escalating rapidly over the past several weeks,” Mr Gambardella said. The company’s stock reached $12.13, an increase of 6.8 per cent and its highest level...
LME aluminium may retrace a little bit more to $1,795 per tonne, as it has slid below a support at $1,805. The support has been established by the 61.8 percent Fibonacci retracement on the fall from the Dec. 30, 2013 high of $1,839 to the Jan. 9 low of $1,751. The next support will be at $1,795, the 50 percent level. The uptrend from $1,751 will remain intact, even if the current correction fails to end around $1,795, as an inverted head-and-shoulders that formed between Jan. 6 and Jan. 15 is a typical bottom pattern. Only a rise above $1,818, the 76.4 percent retracement, could indicate a resumption of the preceding 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...
Global demand for aluminum (including primary and secondary/recycled) is forecast to expand 5.9 percent per annum through 2017 to 86.5 million metric tons. China will pace growth and increase its share of global demand from 43 percent in 2012 to 48 percent in 2017, as per the latest Freedonia industry study. Demand will strongly increase in all developing regions, with the Asia/Pacific region leading the way. Rising disposable incomes in developing countries will result in a healthy expansion in demand for key aluminum consuming products such as motor vehicles, food and beverage packaging, and durable goods. Construction market to post strongest growth.The construction market will post the strongest growth and remain the primary user of aluminum, with gains benefiting from recovery in the...
Amid a continuous rise in energy costs, persistent low aluminium prices are leading producers in the US and Europe to mothball high-cost smelters. Some are also reducing the amperage used in smelter pots to restrict metal production. Despite India sitting on electricity-generating coal resources of 260 billion tonnes, smelters here are not spared the pains of high-energy bills. This is because supplies under 'linkage coal' are irregular on occasions and the quality of the fuel is always subpar. Coal imports could have been the answer, but for their high costs. Ansuman Das, chairman and managing director of National Aluminium Company (Nalco), says "apart from the stubbornly low aluminium prices on the London Metal Exchange, the unremitting coal crisis poses a serious threat to optimising...
LME aluminium is expected to gain further to $1,839 per tonne, as it has broken above resistance at $1,818. The resistance was established by the 76.4 percent Fibonacci retracement on the fall from the Dec. 30, 2013 high of $1,839 to the Jan. 9 low of $1,751, there will be no other resistance until aluminium reaches $1,839. The speed of the rise simply indicates a remote chance of aluminium to return to $1,805, the 61.8 percent retracement. Strategically, a rise above $1,826 will confirm the target at $1,839.
Montenegro on Saturday launched a tender to sell the partially state-owned KAP aluminium plant, its biggest industrial employer, which has been declared bankrupt, an official said. The country hopes to get at least 28 million euros ($38 million) for the Aluminium Company Podgorica (KAP) and its property, the plant's bankruptcy administrator Veselin Perisic said in a statement. The tender was to remain open until February 17, he added. A Montenegrin commercial court declared KAP bankrupt last October estimating that the deadline for submitting plans for its restructuring had expired. The application for bankruptcy was made in July by the Montenegrin government, which owns 29.36 percent of the smelter. The co-owner is Russian oligarch Oleg Deripaska whose Central European Aluminium Company...
