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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Taking weak cues from global markets, aluminium prices fell to INR 108.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for December contract declined by 30 paise, or 0.28%, to INR 108.05 per kg in business turnover of 72 lots. Similarly, the metal for delivery in January next year traded lower by 30 paise, or 0.27%, to INR 109.60 per kg in one lot. Globally, aluminium for delivery in three months on the London Metal Exchange (LME) lost 0.5% to $1,747 per tonne. Market analysts said the weakness in aluminium at futures trade was mostly in tandem with an overseas downtrend after stockpiles climbed. Meanwhile, inventories tracked by...
Aluminum fell to the lowest since 2009 in London as stockpiles expanded to the highest in almost four months, underscoring concern that demand will trail output of the metal used in everything from beverage cans to airplanes. Inventories tracked by the London Metal Exchange rose to 5.47 million metric tons today, a third straight gain and the highest since Aug. 7. Prices slumped 16 percent in 2013, heading for the second annual drop in three years. Global output of aluminum will rise 6.2 percent this year, exceeding demand by about 500,000 tons, according to Societe Generale SA. The outlook for surpluses in materials ranging from aluminum to zinc helped drive the LME index of six main metals down 13 percent this year. The metals “complex will likely push lower over the first half of...
Reuters reported that some big aluminum firms have offered Japanese buyers a premium of USD 255 per tonne to USD 256 per tonne for January to March shipments, below the offer from top producer United Company Rusal last week but still around a record high. Sources said that Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange cash price set the benchmark for the region. The latest quarterly pricing negotiations began late last week between Japanese buyers and miners including Rusal, Rio Tinto Limited, Alcoa Inc and BHP Billiton. They are expected to continue into next month. Rusal said last week it had offered January-March shipments of the metal to Japanese buyers at a premium of USD 270 per...
Rio Tinto will demonstrate strong progress and performance against its commitment of delivering greater value for shareholders at its investor seminar in Sydney today. In addition to presenting results achieved year-to-date, the company will outline what it is doing to capitalise on long-term attractive industry fundamentals. There will be an in-depth look at its Aluminium, Copper and Iron Ore product groups. Some of the key points from the seminar include: • The delivery of a US$1.8 billion improvement in operating cash costs in the ten months to October, and on track to deliver the US$2 billion target for 2013. • US$3.3 billion of divestments of non-core assets announced or completed in 2013. To date, proceeds of US$2.3 billion have been received in divestments of non-core businesses,...
According to an analyst at Alpari, the aluminum industry is one of the most attractive investments at this point. While metallurgy companies still cannot recover form the crisis (which led to aluminum overproduction, price collapse and shutdowns across the globe), China is still a strategical consumer of aluminum. During the latest crisis, the minimal price was set in Feb 2009 at 1251,75 dollars per metric ton versus 3315 dollars per ton seen on July 15th, 2008. In 223 days the price dropped 62,23%! During the next 3 years the price recovered up to 2800 dollars per ton (+123,6%). In May 2011, the price started another major downtrend, which is still underway. At this point, the retracement from the previous rally (L1251,75-H2803) is around 70%. On Friday, the London Metal Exchange closed...
Japanese consortium Nippon Asahan and the Indonesian government are close to finalizing the handover of the 250,000 mt/year Asahan aluminum smelter, a Japanese source familiar with the negotiations said Monday. "We are continuing the negotiations and are likely to strike an agreement with the Indonesian government soon," the Japanese company official said. The Indonesian government took full ownership of the 250,000 mt/year Indonesia Asahan Aluminium, or Inalum, smelter November 1 after the JV's master cooperation agreement expired October 31. The smelter had previously been owned 58.88% by the consortium of 11 companies and 41.12% by Indonesia. The Jakarta Post reported November 14 that the two parties had agreed in principle on a tentative valuation of Inalum's assets at $556 million,...
Aluminium prices fell by 0.30 per cent to INR 107.95 per kg in futures trading today as speculators offloaded their positions driven by weak global trend on supply outlook. At the Multi Commodity Exchange, aluminium for delivery in December declined by 40 paise, or 0.30 per cent, to INR 107.95 per kg in business turnover of 179 lots. Similarly, the metal for delivery in November traded lower by 30 paise, or 0.28 per cent to INR 105.95 per kg in 232 lots.
Aluminium Bahrain (Alba) swung to a third-quarter net profit on higher sales to Saudi Arabia, the owner of the world's fourth-largest aluminium smelter said. Net profit for the three months to 30 September was BD4.9 million ( $13 million ), versus a net loss of BD13 million a year earlier. Alba said its income was boosted by a seven per cent increase in sales to BD183.3 million, with strong demand from Saudi Arabia, and a 4.7 per cent hike in tonnes produced compared to the same months last year.
According to the data estimates from International Aluminium Institute (IAI) showed that the total primary Aluminium production reached 4.24 million tones in October 2013. This is the all time high production level, since January 1973, when IAI is collecting the data. The production of Aluminium in October 2013, increased by 4% compared to corresponding month last year. China remained the major contributor for this rise. The total reported production in China was 1.95 million tones in October 2013, indicating a 46% share in the world primary production. Unreported production in China is estimated around 200 thousand metric tones.
Aluminum traded near a four-year low, heading for the first monthly decline since June amid signs that the metal will remain in oversupply. The contract for delivery in three months on the London Metal Exchange was unchanged at $1,754 a metric ton by 3:45 p.m. in Shanghai after tumbling to $1,744 yesterday, the lowest since July 2009. Aluminum decreased 5.7 percent this month, bringing the drop to 15 percent in 2013. Global production will climb 6.2 percent this year, exceeding demand by about 500,000 tons, said Societe Generale SA this week. Stockpiles in LME-monitored warehouses increased 3.6 percent this year through yesterday, daily exchange data show. “Aluminum is weak because it has the worst fundamentals among base metals,” said Xiong Dabiao, an analyst at Minmetals Futures Co. in...
Offers for Chinese ADC12 aluminum alloys have dropped in the last two days ahead of the close of Toyota Motor's tender seeking 10,000 mt/month of molten aluminum alloy and ingot for January-March 2014 on Monday, Japanese traders said Friday. At least two Chinese alloy producers have reduced offers by $5/mt compared to earlier this week, traders said. One producer offered at $2,135/mt CFR Japan for February-loading cargoes, saying December-January cargoes were limited due to the Lunar New Year holidays at the end of January. Another producer, who offered at $2,135/mt CFR Japan, said that December cargoes were available. The most competitive offers were for Nigerian alloy at $2,115-2,225/mt CFR Japan for December shipments, traders said. Offers fell as the yen strengthened against the...
Billionaire Anil Agarwal, who controls London-based Vedanta Resources Plc (VED), said he regrets investing $8 billion in an aluminum complex in India that’s faced a shortage of raw materials. “I could either invest in Vedanta Aluminium or I could have bought Asarco,” Agarwal said in an interview with Bloomberg TV India in New Delhi aired today. “I would have done better if I had bought Asarco. It would have been a feather in my cap.” Regarding the investment into Vedanta Aluminium, Agarwal said: “If you ask me today, I regret it.” Complex government procedures are delaying project approvals in India, impeding businesses, Agarwal said. His Sesa Sterlite Ltd. (SSLT) has seen its iron-ore business slump following court-imposed bans to curb illegal mining, while the group’s failure to obtain...
IDCO has asked the Aditya Aluminium to return 135 acres of land acquired by it for its green field project of Aluminium Park at Lapanga after the State Government did not give its approval to the project. The issue came to light after Aditya Aluminium sought permission to acquire 22.69 acres which were left out of acquisition erroneously. Aditya Aluminium by mistake had not acquired 22.69 acres of land located in Tileimal village (1.22 acres), Dharopain (1.33), Bomaloi (4.86), Khadiapali (3.41), Derba (4) Lapanga (6.86) and Pandloi (one) belonging to 57 families. By the time Aditya Aluminium realised the mistake, it was too late as the land in contention was surrounded by land already acquired by the company. Since official acquisition of land is a cumbersome process, Aditya Aluminium...
In early July, the Commercial Court of Podgorica launched the bankruptcy proceedings for Montenegro's aluminum giant Krombinat Aluminijuma Podgorica (KAP). This massive aluminum plant was founded in 1971 with the intentions to become a stable pillar of the nation's economy; however, KAP has now absorbed millions of euros worth of government stimulus, entering the bankruptcy proceedings with 340 million euros of debt, which equates to approximately 10 per cent of the nation's GDP. The global financial crisis had a detrimental effect on KAP, for the drastic decrease in aluminum prices worldwide caused the company to be unable to pay its workers and buy the necessary manufacturing materials. Prior to the economic crisis, an estimated 10 per cent of Montenegro's population of 680,000 depended...
Aluminium Bahrain (Alba), in its continual efforts to boost organisational efficiency, has implemented numerous cost-saving strategies, which enhances the company’s productivity as well as supports Small & Medium Enterprises (SMEs) in the Kingdom. Alba’s Supply Chain Group has achieved greater organisational efficiency by focussing on procurement activities, which includes reviewing of total cost of ownership of materials, intensive market study and analysis of market intelligence reports, material sourcing, elimination of duplication and advanced organisation of stock and optimisation of inventory. Alternative local suppliers and material sources is one of the main cost-saving strategies implemented, wherein Alba explores the local market for resources. This has boosted businesses for...
Aluminium slid to its lowest level in more than four years on Wednesday as speculators piled pressure on a market already weighed down by a global surplus. Three month aluminium touched a low of $1,748 a tonne, the weakest since July 2009, and closed down 0.9 percent at $1,757. It has been one of the worst performing base metals, with losses of about 15 percent so far this year. "An excess of production capacity across the globe, massive stockpiles on the LME (London Metal Exchange) as well as off-exchange and fears for the new economic policy in China have reinforced the bearish stance in the longer run," analyst Andrey Kryuchenkov at VTB Capital said. "The technical break below key support at $1,770 today amplified the sell-off," he said, adding that stops were probably hit after prices...
The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) is employing FLIR thermal cameras to help the Indian aluminium industry save energy and optimize the production process. Welcomed by the Indian aluminium production industry, the established JNARDDC institute is also using thermal imagers to help aluminium production companies detect faults at a very early stage. Monitoring aluminium production Aluminium production is an energy intensive process, requiring process engineers and designers to constantly seek ways to save energy at each step of the production process. Infrared thermography has played an important role in predictive maintenance of these processes, performing timely interventions for fault detection and scheduling equipment maintenance. The...
Releasing today its 2012 sustainability performance indicators, the aluminium industry urged European policy-makers to address the major competitiveness gap caused by EU policies. At a conference organised by the European Aluminium Association (EAA), industry CEOs presented an Agenda for Action to effectively enable jobs and growth in Europe. The latest sustainability performance indicators published today by the European Aluminium Association show that despite growing demand and continuous environmental leadership, the EU's production base is now at stake. "Europe's aluminium primary production capacity has declined by over a third between 2007 and 2012. This trend will not be reversed unless urgent measures are taken," EAA Director General Gerd Götz said. "Europe needs to retain its...
