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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Dubai ruler has issued a law converting Dubai Aluminium ( Dubal ) into a private joint stocks company under a Dubai Aluminium PJS with a declared capital of Dh3 billion ($817 million). The new rule was passed by UAE Vice President and Prime Minister His Highness Sheikh Mohammed bin Rashid Al Maktoum in his capacity as Ruler of Dubai, reported the emirates 24/7. Under the new decree, Dubai Aluminium PJS subrogates Dubal in all legal and business obligations and rights starting from the date of effective of this law, and the employees of Dubai Aluminium shall benefit from their vested right, it added.
High energy costs in energy-intensive sectors are detrimental to manufacturing industries like aluminium says David Mowat MP in an exclusive video interview. Speaking exclusively to the Information Daily, David Mowat MP, Chair of the All-Party Parliamentary Group for the UK Aluminium Industry, said that high energy costs made the aluminium industry “uncompetitive”. In comparison to countries like America, the European and especially UK industries are at significant cost disadvantages. Energy prices within America have dropped by about 70 per cent in the last year, causing a loss of business in the UK. Ahead of a meeting with the Minister of State for Energy in the Department of Energy and Climate Change, Michael Fallon MP, Mowat said: “What we are trying to do is make sure that it is...
Investment in Britain’s aluminium sector is being held back by the high cost of energy in the country, industry representatives have told a Government Minister. Members of the Aluminium Federation (ALFED) warned Minister for Business and Energy Michael Fallon at a meeting in Whitehall on Monday (January 13) that soaring green taxes were standing in the way of investment-led growth. ALFED told Mr Fallon that world demand for aluminium is forecast to double from 40m tonnes per annum to 80m tonnes by 2025. If Britain and the European Union remain wedded to high taxes on energy, then manufacturers and suppliers will look to other economies in which to base production operations. Speaking after the meeting, ALFED CEO Will Savage said: “We really appreciate the Minister taking the time to...
Aluminum giant Alcoa’s stocks gained 24% last year and the stock is expected to gain more. Due to low aluminum prices, the aluminum producers have suffered in the recent time. But they have enough reasons to be optimistic about the future of Alcoa. Though the global economic slowdown resulted in lower demand it also created a deficit in the production that should increase in the coming years. The rebounding auto industry also bodes well for Alcoa. Meanwhile, Alcoa seems to grab opportunities like production of lightweight alloys for airplanes and recently bagging a $110 million contract from Airbus. It is also planning to get into the housing industry, where it feels new window products can increase energy efficiency. Alcoa’s value-add businesses accounts for 57% of total revenues and...
S.S. Sijabat, the president director of PT Indonesia Asahan Aluminium (Inalum) announces the plans of the company to increase its total aluminium production in various stages, from their present production that is around 260,000 tons. It plans to produce 650,000 tons of aluminum per year. "All of the management and employees have been resolved to implement corporate strategic plans in the next five to ten years by increasing production, diversifying products," he said at a conference with local media leaders of the country. Sijabat feels there has not been any improvement in aluminum’s price and they had expected this condition will still remain until this year’s second quarter. Japanese investors were the major shareholders of PT Inalum. Finally, the Indonesian government took over the...
On Friday, BHP Billiton, the Global mining group said it had already been in talks with its employees about possibly closing their operation at the Bayside aluminium smelter located in South Africa. This company move would result in downsizing of 450 employees. The company said the operation "has been under significant and ongoing financial pressure" and that "BHP Billiton today began a formal consultation with employees in its Aluminium South Africa business on a proposal to cease smelting activities and associated services at Bayside." BHP is currently in talks with the two unions – Solidarity and the National Union of Metalworkers of South Africa (NUMSA) about this proposed closure that would result in downsizing. Lay-offs are a delicate issue in the country. Mining companies like...
The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2014 to shareholders of record at the close of business on February 7, 2014 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable April 1, 2014 to shareholders of record at the close of business on March 14, 2014. Alcoa is a global innovation leader in lightweight metals, products and solutions. Its technology, expertise and industry reach continue to advance automotive and aerospace transportation, building and construction, consumer electronics and packaging, defense applications across air, land and sea, and the oil and gas industry.
In his capacity as Ruler of Dubai, UAE Vice President and Prime Minister His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. (1) of 2014 converting Dubai Aluminium (Dubal) into a private joint stocks company. Pursuant to the Law, the name of the new company is "Dubai Aluminium PJS" with a declared capital of Dh3 billion, headquartered in Dubai and may establish branches inside and outside the United Arab Emirates. Article (6) of that law stated that the Dubai Aluminium PJS subrogates Dubai Aluminium in all legal and business obligations and rights starting from the date of effective of this law, and the employees of Dubai Aluminium shall benefit from their vested right. Law No. (1) of 2014 null and void Law No. (17) of 2011 pertaining Dubai Aluminium, Decree No. (11) of...
The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 1.8 percent on Tuesday, January 14. At $1,762, the aluminum 3-month price finished the market day on the LME up 0.1 percent per metric ton. On the LME, the primary aluminum cash price showed little movement on Tuesday, hovering around $1,716 per metric ton. Chinese aluminum prices were flat for the day. Chinese aluminum scrap held its value yesterday. The price of Chinese aluminum billet held steady. The price of Chinese aluminum bar saw little movement. The Chinese aluminum cash price saw little price change yesterday.
Weakening prices ended a three-day flat streak as the price of Chinese aluminum billet fell 4.5 percent on Wednesday, January 15. The cash price of Chinese aluminum reached a 30-day low after decreasing 2.9 percent. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row. The price of Chinese aluminum scrap held steady. Following a 1.1 percent rise yesterday, the Indian aluminum cash price closed. After a 0.5 percent increase, the primary aluminum cash price finished the day on the LME at $1,725 per metric ton. On the LME, the aluminum 3-month price rose 0.5 percent to $1,770 per metric ton.
Norsk Hydro ASA (NASDAQ:NHYDY) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Norsk Hydro ASA from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. Separately, analysts at Citigroup Inc. upgraded shares of Norsk Hydro ASA from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Norsk Hydro ASA in a research note to investors on Tuesday, November 12th. One investment...
The Rusal board on January 15 approved the terms for a settlement in the arbitration proceedings filed by Len Blavatnik and Viktor Vekselberg’s Sual Partners Ltd against Glencore International AG, En+ Group Limited, the company and Oleg Deripaska, Rusal said in a statement. Contracts signed between Rusal, the world’s largest aluminum maker, and trader Glencore angered Sual Partners, which owns 15.8% of Rusal shares. In 2012, Siberian Urals Aluminium Company (Sual) filed a lawsuit against them in the London Court of International Arbitration (the Arbitrations). The lawsuit concerns the supply of primary aluminum and alumina to Glencore which the Rusal board approved in 2011 contrary to Sual’s veto. In accordance with the settlement, the claims against Rusal have been amicably resolved and...
It's been 20 years since Consolidated Aluminum Corp. of Allendale did any business. Now the company wants to officially liquidate, saying that's the best way to deal with claims against it, including asbestos-injury cases and pension debt. The company, also known as Conalco, filed for Chapter 11 recently in federal Bankruptcy Court in Newark. Conalco said it had assets of between $500,000 and $1 million but owes between $50 million and $100 million to as many as 199 creditors. From 1948 until 1994, Conalco "was a major manufacturer and supplier of aluminum and aluminum products in the United States and internationally," the bankruptcy filing said. But it sold off almost all of its assets to Ormet Corp. and ceased operations in 1994. Now it operates mostly to manage its response to...
Aluar, the biggest aluminum producer of Argentina, said on Thursday that Pan American Energy, the oil company has agreed to continue supplying its Puerto Madryn smelter with natural gas. The two companies is said to negotiate a disagreement over prices. Aluar said, the agreement seems good for 90 days while talks on energy price continue. They said Pan American notified last week they would halt the natural gas supplies due to the price disagreement. The Puerto Madryn smelter has aluminum production capacity of 460,000 tonnes per year, according to its website. Pan American, 60% owned by BP, was not available for comment on Thursday.
Rio Tinto Alcan, a Canadian subsidiary of Rio Tinto, the global giant in the mining industry inaugurated Arvida aluminium smelter, the AP60 Technology Centre, worth $1.1-billion in Saguenay-Lac-St-Jean, Quebec. This new plant has a total installed capacity of 60 000 t of aluminium. In a press release, the company said it is the most technologically advanced aluminium smelter in the world. Jacynthe Côté, CEO of Rio Tinto Alcan said, "Rio Tinto Alcan is very proud to inaugurate the new Arvida aluminium smelter, AP60 Technology Centre. Today's milestone is the result of years of work by our research and development teams, particularly the teams that first conceived, developed and tested the AP60 technology at the Laboratoire de recherche des fabrications, in France," The AP60 technology...
Aluminium prices went up by 0.32 per cent to INR 108.15 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in January inched up by 35 paise, or 0.32 per cent, to INR 108.15 per kg in business turnover of 226 lots. The metal for delivery in February rose by a similar margin to INR 109.70 per kg in 13 lots. Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher. Meanwhile, aluminium climbed 1.5 per cent to $1,981.50 tonne on the London Metal Exchange.
Aluminium Bahrain B.S.C. ( Alba ) is the platinum sponsor for one of Bahrain's most significant events - Bahrain International Air Show 2014 - to be held from January 16 - 18, 2014 at the Sakhir Airbase. Organised under the patronage of His Majesty King Hamad bin Isa Al Khalifa, Alba 's support for the Bahrain International Air Show 2014 highlights the company's confidence in Bahrain as a key hub for the global aviation industry. Alba will have access to a dedicated luxury hospitality chalet that will offer excellent opportunities for viewing state-of-the-art aircrafts on display and the air show as well as host meetings with present and potential clients. Commenting on Alba 's participation at the Bahrain International Air Show 2014, Chairman of Board of Directors, Mahmood Hashim Al...
The Saudi Mining Company (Ma’aden) today announced that it has concluded several contracts to supply Asian customers with over 300 KMT of primary aluminum throughout 2014, complementing the 50 KMT in supply agreements made with local and Turkey customers. “Today we announce that Ma’aden has arrived as a global primary Aluminium supplier,” said Ma’aden Aluminium Vice President Eng. Khalid Al Luhaidan. “Together, these supply agreements not only meet a significant portion of Asian demand, but they also represent an important milestone in our journey to becoming a world class minerals enterprise”. The 2014 supply contracts concluded by Ma’aden commit the company to deliver product to domestic buyers within Saudi Arabia; to regional buyers in Turkey; and to Asian buyers in Japan, Korea,...
