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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Aluminium premiums, or costs to get metal out of storage, have soared to all-time highs in the United States with Europe and Asia close behind as smelters shut and spare metal is snatched up by traders for collateral in financing deals. The rise in premiums highlights the London Metal Exchange's (LME) limited ability to cool a market where low interest rates continue to whet appetites for locking up aluminium as a form of investment. The LME, the world's largest metals marketplace, announced big changes to its metals storage system in November after years of complaints about wait times of more than a year and large premiums to withdraw metal from the warehouses it monitors. It outlined plans to slash waiting times to a maximum of 50 days, among other measures, which analysts and...
Aluminum stocks tracked by the LME have increased by 116,750 MT as per the latest available quote at the LME warehouses. --Aluminum ended yesterday’s trading session marginally higher by 0.5% at the LME platform, recovering smartly from its intraday low to close at $1782/MT . --The aluminum inventories have marginally declined by 4350 MT in yesterday’s trading session. However, aluminum inventories have been continuously rising since the last two months. Aluminum stocks tracked by the LME have increased by 116,750 MT as per the latest available quote at the LME warehouses. --During the day, we hold a ranged view on aluminum as the commodity might take positive cues from the factory orders data and the increase in the premium of the metal from $13.75/lb to $14.75/lb. However, the metal...
LME aluminium may test a resistance at $1,792 per tonne, as it has broken a resistance at $1,775. The resistance was provided by the 100 percent Fibonacci projection level of a wave c, which has bottomed at the Monday low of $1,756. This is the final wave of a three-wave cycle that developed from the Dec. 30, 2013 high of $1,839. The sharp surge from $1,756 indicates the completion of this cycle. Next resistance will be at $1,792, the 61.8 percent projection level, a break above which will cause a further gain to $1,810, the 23.6 percent projection level, which is pointed by the upper channel line of a falling channel. 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...
Alcoa Inc, one of the world’s largest aluminum producers, has had its expected 4th quarter EPS and 2014 price targets reduced on falling aluminum prices. J.P. Morgan analyst Michael F. Gambardella has been impressed with Alcoa management’s efforts to cut costs and pursue downstream growth, making the stock a possible long-term prospect, but says that “in the nearer term, we believe these efforts will be largely overshadowed by a persistently weak aluminum price environment, which should weigh on AA’s earnings and stock price.” Analysts rate Alcoa stocks as neutral UBS analyst Brian MacArthur agrees that the company is facing headwinds in the near-term, though he is slightly more optimistic in long-term, setting the 12-month price target at $10 (both analysts rate the company at Neutral)....
A seminar-cum-buyer seller meet & ancillary development programme held on the 6th day of Odisha MSME International Trade Fair hosted a number of representatives from various corporate and PSUs like NALCO, NINL, PPT, HCL, RSP-SAIL. Speakers present in the seminar urged the PSUs to come forward and procure raw material as well as service from the MSME sector to support development of the sector in the state. Speaking on the occasion Mr. A K Patra, GM-Materials, NALCO informed about the initiatives taken by the Navaratna Company. Nalco has made a special provision to purchase 4% of MSME products out of 20% made by Ministry of MSME, Govt. of India only from SC/ST SME entrepreneurs. It has taken an exclusive drive for the SC/ST entrepreneurs. Most importantly it has erected a permanent...
The Indian aluminum cash price saw a 1.4 percent increase on Friday, January 3, making it the biggest mover for the day. Declining prices continue for the cash price of primary aluminum on the LME. It closed at $1,755 per metric ton only after falling further, this time by. On the LME, the 3-month price of aluminum declined 0.5 percent to $1,802 per metric ton. Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum saw little change in its price last Friday. The price of Chinese aluminum scrap remained essentially flat. The price of Chinese aluminum billet was unchanged. For the fifth consecutive day, the price of Chinese aluminum bar held flat.
The premiums buyers pay for aluminum are poised to reach records after extending highs in the U.S., according to a report from Harbor Intelligence, an Austin, Texas-based researcher. The surcharges are set to reach all-time highs in the next few weeks in Europe, Asia, Mexico and Brazil, according to a Harbor report on Jan. 3. That’s when the U.S. Midwest premium added to the price of aluminum on the London Metal Exchange rose to a record 14.75 cents a pound from 13.75 cents the day before. “Buyers can’t really find metal at 12 cents a pound,” Jorge Vazquez, the managing director of Harbor, said in the report. “Traders/producers are practically not willing to sell metal at premiums lower than 14.75 cents a pound Midwest.” Aluminum for delivery in three months fell 0.6 percent to $1,762.75...
K.C. Samal has assumed the office of Director (Finance) at National Aluminium Company Limited (NALCO) on 3rd January 2014. Prior to this assignment, he was working as the Executive Director (Finance) of the company. A fellow member of Institute of Cost Accountants of India, Shri Samal has significant exposure in the areas of Treasury Functions, Foreign Exchange Management, Corporate Accounts, Budgeting & Control. He has played a key role in large-scale computerization in Finance, Capital Restructuring, Foreign Debt Management, introducing Risk Management against Foreign Exchange exposure. He is associated with various academic institutions as visiting faculty like XIMB, Utkal University, KIIT, ICAI. He is representing Nalco on the Board of Joint Venture Company – Angul Aluminium Park Ltd....
More than 500 workers at Geelong's Point Henry aluminium smelter will find out in March whether they will keep their jobs, as Alcoa decides on the plant's future. The US global aluminium giant confirmed on Tuesday that a decision on the smelter's future would be made by the end of March. Alcoa agreed in 2012, when the Federal Labor government under Julia Gillard and Victorian government provided the company with $44 million in support, to keep the loss-making smelter open until June this year. However, conditions for the global aluminium industry have not improved since then, with prices staying low amid a supply glut and slowing demand. The price of aluminium was above $US2,000 a tonne two years ago but now is down to about $US1,770 ($A1,980.42). Chinese smelters are over-producing and...
Weiqiao Pioneering Group, parent of one of China’s largest privately-owned aluminium smelters, signed an agreement with CITIC Dicastal Co. to supply the metal liquid for the globally leading manufacturer of aluminium wheels. The Weiqiao group and CITIC Dicastal signed a strategic cooperation framework agreement in Binzhou Economic Development Zone of Shandong province on Jan. 2, the zone’s authorities said on its website. According to the agreement which was also signed by CITIC Dicastal’s local partner Shandong Binzhou Bohai Piston Co., Weiqiao’s aluminium company would supply 100,000 tonnes of molten aluminium a year to the wheel manufacturer. By using the metal liquid instead of ingots, CITIC Dicastal believes to be able to save 200-million-yuan ($32.7 million) worth of electricity...
Alcoa (AA), the once-iconic aluminum producer, and now former Dow 30 component, is scheduled to report their calendar 4th quarter earnings after the bell on Thursday, January 9th, 2013. Consensus analyst expectations for q4 13 are for $0.05 in earnings per share (EPS) on $5.426 billion in revenue for expected year-over-year declines of 17% and 8% respectively. Since q3 13 was reported in early October, EPS has seen a slight downward revision from $0.06 to now $0.05 per share, while the consensus revenue estimate has fallen from $5.444 billion to $5.26 billion. The price of aluminum remains stable at the low end of its 6 month range near $0.80 per pound, according to this chart from InvestmentMine.com. All the recent rule changes around aluminum and warehousing and what was uncovered in...
Japanese aluminium shipments rose for a fifth month in November, as strong domestic demand offset continued weakness in exports. Shipments jumped 4.9% year-on-year to 168,387 tonnes in November, according to the Japan Aluminium Association (JAA), though volumes were down 5.6% from the previous month. Buyers in Japan recently agreed on aluminium premiums of $255-256 per tonne for the first quarter of 2014, up from $245-247 in the fourth quarter of this year.
The aluminium sector in India is in a slowdown phase. Data from the World Bureau of Metal Statistics shows that aluminium consumption in India declined by 22 per cent in 2013 (till October) compared with an increase of 7.2 per cent and 6.4 per cent in 2012 and 2011 respectively. The metal’s production too declined. It was down by 23 per cent in 2013 compared with an increase of 3.3 per cent in 2012 and 3.1 per cent in 2011. The aluminium market experienced surplus supply of 5.86 thousand tonnes in 2013. Over supply could continue to keep the price lower for a while. However, if the economy recovers and demand increases, aluminium price can see a recovery going forward. Data from the International Aluminium Institute shows that the global production in 2013 was down by 4.9 per cent...
The Bharat Aluminium Company Ltd (BALCO) has achieved several key milestones during 2013 and received awards for productivity, quality, human resource management and other areas at different forums, the company said in a Press release on Saturday. Its plant received National Award for Excellence in Energy Management 2013 in August for Energy Efficient Unit in general category organised by CII in Hyderabad. Mehfooz Ahmed, AGM, CPP-1 and Sujit Mathew, Manager, Pot Room, received the award from Ajay Mathur, Head, Bureau of Energy Efficiency. LS Ganapati, Chairman, National Award for Excellence in Energy Management-2013 was present in the function. Balco also bagged the ‘Chairman Sustainability Trophy’ for January-June 2013 for its performance on sustainability indicators. The company, being...
The Aluminum inventories declined marginally by 22,900 MT in the last week. However, from a broader perspective, aluminum stockpiles have increased by 116,750 MT since the month of Nov ember as per the data av ailable from the LME warehouses. --Aluminum ended Friday's trading session lower by 1.6% at the LME platform broadly declining along with the other base metals in the pack. --The Aluminum inventories declined marginally by 22,900 MT in the last week. However, from a broader perspective, aluminum stockpiles have increased by 116,750 MT since the month of Nov ember as per the data av ailable from the LME warehouses. --During the day, we have a ranged view on aluminum. We also hold a similar view on the commodity for the week as on one hand, it might get support from the positive...
South Korea’s state-run Public Procurement Service (PPS) bought 5,000 tonnes of aluminium through various tenders at the end of last week, a South Korean trader source told Metal Bulletin. Glencore won the tender to sell 1,000 tonnes of western-origin aluminium at a premium of $234.9 per tonne over LME cash price. The metal will be sold on Incheon cif basis. As part of the same tender, Dreample will sell 1,000 tonnes of western-origin aluminium at a premium of $231.5 per tonne cif over LME cash price. The port of delivery is Incheon. LG International won the tender to sell 2,000 tonnes of Indian-orogin metal to the PP at a premium o $236.5 per tonne. The metal will be delivered to Incheon port on a cif basis. Dreample also won a separate tender for 1,000 tonnes of aluminum for non-western...
The Saudi Arabian Mining Company, Ma'aden, has announced that the aluminium rolling mill operated by subsidiary Ma'aden Rolling Company has begun operations. The $590m mill, built under an engineering, procurement and construction (EPC) contract by Samsung Engineering, is part of the $10.8bn complex that has been built by joint venture partners Ma'aden (which owns a 74.9% stake in the mill) and Alcoa (25.1%). It has been built at Ras Az Zawr and is the first mill of its kind in the Middle East capable of producing food-grade can sheet metal. It will initially produce up to 380,000 tonnes of aluminium sheets per year, which will be used to produce food cans. Ma'aden said that the sheet metal needs to go through certain qualification procedures but that production should begin in the second...
Soaring summer Queensland electricity prices are severely impacting on the Gladstone based Boyne Smelter with output to fall and 1100 jobs at risk. Talks with the State Government and electricity suppliers have failed to find a solution to the dilemma and the company admits it is at a loss to understand why it can't get competitive energy or what the cause of the high prices may be. Because it can't get a competitive electricity price it will now reduce aluminium production by about 14,000 tonnes for the first three months of 2014 "due to the high Queensland electricity prices over the summer months making production uneconomic in current market conditions". Boyne Smelters general manager, Joe Rea, said the company wanted to operate Boyne Smelters at full production however the price for...
