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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Midwest aluminium premiums have increased as spot availability has tightened at the same time that wide spreads on the London Metal Exchange continue to support financing deals. Metal Bulletin sister title AMM’s spot P1020 aluminium premium increased to a range of 10.75 to 11 cents per pound on Wednesday December 4 from 10 to 10.25 cents previously. While some sources predicted that premiums could head even higher, others cautioned that the upward move could be short-lived, given new LME warehouse rules that are scheduled to take effect next year. Rio Tinto Alcan Inc chief executive officer Jacynthe Côté said earlier this week that the rule change could push premiums downward. In the meantime, premiums are supported by supply/demand fundamentals as well as financing deals, producers and...
Hydro's Capital Markets Day 2013 is focused on the improvement efforts being implemented throughout the value chain, encompassing all business areas, plants and units in an all-Hydro drive to continuously lift the bar. Hydro's main ambitions are to: • Deliver on dedicated improvement programs in all business areas • Capitalize on attractive positions across the value chain • Maintain a strong financial position • Lift unsatisfactory returns to a competitive level Improvement programs are now being implemented in all business areas, tailored to the specifics within each step of the value chain from bauxite to rolled products and based on well-established production systems for each area. In line with the company culture of continuous improvements, Primary Metal has established a new...
Retaining Europe's industries offers the greatest potential for growth, jobs and sustainability, argues Gerd Götz. Despite growing demand across key markets and continuous environmental leadership, the EU's aluminium production base is on a sharp decline. The freshly released 2012 sustainable development indicators (SDI) of the aluminium industry in Europe are mirroring the undesired reality that the sum of all EU regulations is heavily impacting the competitiveness of this sector. During a European Aluminium Association (EAA) conference on November 27, participants called for urgent measures to turn around the downward spiral. Europe's aluminium primary production capacity has declined by over a third since 2007, semi-fabrication has not yet recovered to pre-crisis levels, and the (world...
LME aluminium is approaching support at $1,732 per tonne and may start a rebound from around this level. Support is provided by the 100 percent Fibonacci projection level of a downward wave C and is blocking the way towards the 123.6 percent projection level at $1,691. There has not been any decent rebound against the wave C, as a result, a rebound may be triggered around $1,732. But a drop to $1,725 may signal a break below support at $1,732. Note: There will be no reports from Dec. 5 to Dec. 20. Reports will resume on Dec. 23. 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...
United Co Rusal plans to step up sales of aluminium to the South American market, sources told Metal Bulletin. Its move reflects efforts by the Russian company to move on from sales into Brazil’s spot market to deals signed on annual contracts. “There should be an increase [in Brazil’s aluminium imports], as the company [Rusal] is penetrating this market. Some trials in the spot market have been done so far, but the idea is to start trading large volumes,” a source close to the company told Metal Bulletin. “South America is to become a very important market for Rusal in the next few years, as the company plans to set annual contracts,” the source said. Brazil’s aluminium imports rose by 61.2% year-on-year in October, mainly as a result of the year’s first shipments from Russia. Brazil...
Russian billionaire Oleg Deripaska's Central European Aluminum Company (CEAC) is suing Montenegro for 100 million euros ($140 million) over the failure of its aluminum plant there. A statement issued in Cyprus, where the Russian company has its headquarters, CEAC said the case will heard in Vienna. The statement said Montenegro violated a 2010 settlement agreement, leading to the plant going bankrupt. In a separate statement, Montenegro's government denied any wrongdoing. Deripaska's company in 2005 bought a 58.7 percent stake in Kombinat Aluminijuma Podgorica (KAP), which in its heyday in the late 1970s had employed 5,000 people. In a debt for equity deal, the Balkan country's government took back half of that stake in 2009 and the arrangement was sealed in 2010. Deripaska is also...
Bill Whelan, the Michigan-based mastermind behind the creation and sale of one of the world's biggest metals warehousing firms, is making a comeback, seeking to rejoin the London Metal Exchange network as new rules roil the storage business. Three years after leading the sale of Detroit-based Metro International Trade Services to Goldman Sachs Group Inc for some $550 million, Whelan has applied for LME approval to store aluminium and other base metals at his warehouse and distribution company WF Whelan Co in Detroit, he says. He expects to get the go-ahead in the next month or so after completing a 1,200-foot rail spur that links his warehouses to the rail network that transports raw materials and automotive products across the Midwest, he said. Rail access is required for LME approval....
Buyers and sellers involved in the negotiations for Japanese aluminum import contracts for the first quarter of 2014 are moving closer in their premium ideas, sources said Wednesday. One Japanese trader said he had bid $249/mt plus London Metal Exchange cash CIF Japan to overseas producers who have offered $255-256/mt and $270/mt plus LME cash CIF Japan. The bids were for premiums over the LME cash prices for P1020A 99.7%-grade primary aluminum ingot, sows and T-bars to be exported to main Japanese ports. The negotiations are in the third week now. Two Japanese consumers said they had proposed rollover of Q4 2013 premiums of $245-246/mt plus LME cash CIF to Q1 2014. One producer source said he was seeing settlements in the range of $253-255/mt plus LME cash CIF, but has not closed any...
Output of aluminum outside China will trail demand by 2.4 million metric tons in 2017, eroding stockpiles and reversing a decline in prices, said United Co. Rusal, the largest producer of the metal. “We already see the aluminum market falling into deficit due to curtailments and strong consumption,” Deputy Chief Executive Officer Oleg Mukhamedshin said in an interview in Moscow. “Rising aluminum premiums are a good sign of this. We expect the market deficit, excluding China, will only grow until at least 2017 due to increasing demand and capacity cuts.” Prices for aluminum, used in products from beverage cans to aircraft, have slumped 16 percent in 2013, heading for the second annual drop in three years. The metal is trading at the lowest level since 2009, with stockpiles of aluminum...
Offers for China's domestic spot aluminum alloy ADC12 slipped, affected mainly by weaker aluminum ingot prices, while the demand remained steady, seeing no significant change from the previous week, industry sources said. Domestic offers for ADC12 were mostly at Yuan 15,700-15,800/mt ($2,577-2,593/mt) ex-works, though a buyer source claimed to have heard indications around Yuan 15,400/mt but he did not buy. However, sources generally agreed that offers had dropped by about Yuan 100/mt week on week. Platts assessed its weekly China domestic ADC12 price at Yuan 15,600-15,800/mt ex-works Tuesday, down from Yuan 15,800-15,900/mt last week. "Domestic offers have dropped by Yuan 50-100/mt from last week due to weaker primary aluminum ingot prices, while the demand has remained steady," said a...
The head of Rio Tinto's global aluminum business says it will complete the modernization of its Kitimat smelter in British Columbia but will pull back on capital spending around the world. Rio Tinto plans to cut capital spending by at least 20 per cent in each of the next two years. For 2014, spending would fall to US$11 billion from $14 billion this year. By 2015, it will be reduced to $8 billion. Rio Tinto, which bought Canadian aluminum operation Alcan in 2007 for $38 billion, is shutting its money-losing Gove alumina refinery in Australia’s Northern Territory and pulling back on aluminum investment around the world. It aims to save $1 billion a year on costs in its aluminum operations, CEO Sam Walsh said during a company investor meeting in Sydney, Australia. Rio Tinto Alcan CEO...
Wilmington Iron and Metal and Metaldyne Bluffton were the largest unsecured creditors in the bankruptcy filing of US recycler Global Scrap Management along with its aluminum foundry division Altimet, which filed for Chapter 11 protection November 26 in US Bankruptcy Court, Southern District of Ohio. Headquartered in Batavia, Ohio, Global Scrap Management started in 2003 as an aluminum brokerage firm and later opened a scrap processing facility in 2008, according to its website. It opened its Altimet secondary aluminum smelter in 2011. Court documents filed by GSM list an outstanding claim amount of $339,838 for Wilmington, Ohio-based supplier Wilmington Iron and Metal and $245,619 for Metaldyne Bluffton of Bluffton, Indiana. The list of creditors holding the 20 largest unsecured claims...
LME aluminium is expedited to test a support at $1,732 per tonne, a break below which will lead to a further loss to $1,619. The support is provided by the 100 percent Fibonacci projection level of a downward wave C, blocking the way towards the 123.6 percent projection level at $1,691, the 123.6 percent projection level. Given that there has not been any decent rebound against this wave, chances are, a bounce may be triggered at around $1,732. But a drop to $1,725 will signal a break below this support. 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...
Humble aluminum's plasmonic properties may make it far more valuable than gold and silver for certain applications, reckons a new research done by scientists with Rice University of the United States. Because aluminum, as nanoparticles or nanostructures, displays optical resonances across a much broader region of the spectrum than either gold or silver, it may be a good candidate for harvesting solar energy and for other large-area optical devices and materials that would be too expensive to produce with coinage metals, said the university based in Houston, a city in the U.S. state of Texas, in a press release to announce the latest research result Monday. Until recently, aluminum had not yet been seen as useful for plasmonic applications for several reasons: It naturally oxidizes, and...
India’s National Aluminium Co (Nalco) sold 5,000 tonnes of aluminium ingot at a premium of $230 per tonne over LME cash price on a Singapore cif basis, according to two trader sources familiar with the deal. Nalco’s tender, that closed last week, was for delivery of 1,250 tonnes of aluminium per month from November to March, the sources said. The company’s last tender, earlier in November, was for 6,000 tonnes of aluminium at a premium of $229 per tonne.
The closure of Rio Tinto's Australian alumina refinery in Gove will have no effect on Southland's Tiwai Pt aluminium smelter. The mining giant, which is the majority owner of the New Zealand Aluminium Smelters, announced last week it would suspend alumina production at the Northern Territory plant - putting up to 1500 jobs on the chopping block - including former Tiwai boss Ryan Cavanagh and four Southlanders. After years of losing money producing alumina at the Gove refinery, Rio said it was no longer a viable business. It will now concentrate on maintaining its bauxite mining on the Arnhem Land site. New Zealand Aluminium Smelters general manager external affairs Joseph Dowling said the closure would have no impact on the Tiwai Pt smelter. The smelter got little (less than 1 per cent)...
The aluminum market has finally turned a corner after years of being in surplus, according to Barclays Capital. "The pace of supply rationing ex-China is enough to drive a small but nonetheless significant global market deficit in 2014," Barclays analyst Nicholas Snowdon wrote in a note. For the past five years, the aluminum market has been described as 'structurally over supplied', but production cuts have already pushed the market into a deficit this year and this will get bigger in 2014 provided all the cuts are implemented, according to Snowdon. The global market balance will shift into a 275,000t deficit this year for the first time since 2006-07, according to Snowdon. In mid-2013, Barclays had been forecasting a 1.2Mt surplus. The "critical shift" has been on the supply side...
The Aluminum Association released today the 2012 Aluminum Statistical Review, the most comprehensive source for North American industry data, covering every cycle of the production process from primary aluminum to finished goods to the recovery of aluminum scrap. The review shows that, for the third straight year, aluminum demand grew in the United States and Canada, led by growth in the transportation and building and construction markets. Among key findings in this year's report: Aluminum demand in North America increased by 5.1 percent to 23.7 billion pounds in 2012. • Aluminum supply increased 2.1 percent to 24.6 billion pounds. • Shipments of aluminum to the transportation industry increased 14.2 percent to 7.1 billion pounds on increased auto builds. • Shipments in the building and...
