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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Russian aluminium company, UC Rusal, which has a major stake in Jamaica's bauxite alumina sector, is set to rake more earnings from aluminium sales in Asia next year. Rusal has asked Japanese buyers of aluminium for an increase as high as 10 per cent. The Russian producer has offered US$270 per ton for the first quarter of next year, up from US$245 to US$247 per ton in the current quarter. Rusal's Director of Asian sales, Geoff Watson, said Japan's demand is stronger than it has been during the previous few quarters and the strength is expected to continue into the first quarter. In the meantime, more than 300 workers at Rusal's operations in Jamaica are set to become unionised. The National Workers' Union (NWU) is to serve a bargaining rights claim on behalf of the employees. According...
Base metals have been dragged lower in what appears to be a commodities-specific sell-off, while equities, including metals and mining equities, are holding strong. With LME inventories for most base metals either flat or falling, Chinese demand surprising to the upside, and market balances tightening, the recent move in base metals prices has little to do with fundamental signals, said Barclays Capital in a research note. As such, we caution against getting too bearish on the sector at these levels. Nickel and aluminium prices have sunk to close to the year’s lows and we see limited downside from here. Prices for these metals are already eating so far into industry cost curves that production cuts are beginning to address surpluses, and in the case of aluminium, are close to moving the...
The Aluminum Association of Canada (AAC) released a market study today which shows that half of the 1,000 to 1,400 short span bridges to be repaired or replaced every year over the next decade in Eastern Canada and the northeastern United States are ideal to incorporate shop-fabricated, aluminum bridge decks. "This study sheds light on the potential use of aluminum to maintain and repair bridges, and to consider a new market for our companies in the processing of aluminium as well as for designers, engineers and entrepreneurs in the construction field," advised the Minister for the Politique industrielle et à la Banque de développement économique du Québec, Ms. Elaine Zakaïb. The participation of Québec businesses in this market fits into the guidelines for Québec's aluminum industrial...
LME aluminium may develop the final drop to $1,760 per tonne, before reversing its downtrend, as indicated by its wave pattern and two trendlines. Wave pattern shows that the metal is riding on the final wave of a five-wave cycle, and this wave could be ending around $1,760, as indicated by the bullish divergence on the hourly RSI and the lower trendline. A bullish reversal of the downtrend will be confirmed when aluminium surges above $1,785, as the long upper trendline will be broken. 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.
Aluminium market sources are becoming more concerned that high freight costs and comparatively low premiums will keep metal away from Europe next year, leading to a shortage of aluminium on the continent. “Japanese premiums are at $240-250 [per tonne], the USA is at $220 and yet Europe is below $200,” a producer said. “Europe is also the most unfavourable place to deliver to because freight costs are the highest. There’s going to be tightness next year.” European premiums fell in July and August after the London Metal Exchange announced proposed changes to its warehousing rules, which saw cuts to the incentives offered by warehouses for deliveries, and thus to premiums as well. Premiums have since firmed as the market came around to the fact that any real market impact from the rule...
Aluminium steadied on Tuesday, after touching four-and-a-half-month lows the previous day, as the dollar fell, but analysts expected more losses due to an overhang of inventories and to speculators adding short positions. Copper was slightly weaker following gains in the past week that had been spurred in part by a shortfall in physical metal. Relative-value trades have been popular this year, including shorting aluminium and going long on copper, analyst Robin Bhar at Societe Generale said. In the last week to Monday, copper gained about 2 percent, while aluminium shed around 1 percent. "That could be a reason why we are seeing copper and aluminium going their own ways. Some of those trades are being put on because copper hasn't gone into surplus yet on a tangible basis and aluminium is...
Home-grown conglomerate Aditya Birla Group aims to hike stake in group companies. CNBC-TV18 learns from sources the AB Group may spend Rs 6,000 crore for stake hike. It is looking to hike stake in Hindalco and Grasim to 40-45 percent. As of June 30, 2013, promoters' holding in Hindalco stood at 33 percent and that in Grasim at 25.5 percent. Sources say the group plans to buy 8 percent (valued at 1,955 crore at CMP) in Hindalco and 19.5 percent (valued at 4,600 crore at CMP) in Grasim. The AB Group is likely to use creeping acquisition and open market purchases. Sources say hiking stake in Grasim is top priority for the group to thwart any bid for a hostile takeover. In June, promoters raised stake in Aditya Birla Nuvo Limited to 53.75% and their stake in Ultratech stands at a comfortable...
All-in aluminium prices will struggle despite good demand given persistent overproduction, according to a new report by Fitch Ratings. It says deconsolidation in the industry, producers moving down the cost curve, and substantial barriers to exit have worked to keep production high. Excess production has been held in inventory driven by financing transactions. And Fith says that while the London Metal Exchange (LME) rules change may result in LME prices being more closely aligned to the physical market, the change is not expected to alter the physical market fundamentals. Fitch expects aluminium producers to curtail production further and continue to face challenges but benefit from the current dearth of new investment longer term.
November 2013 marks a milestone in the history of Indonesia’s resources industry as the Indonesian government is finalizing the takeover of Inalum, the only aluminum smelter that exists both in Indonesia and Southeast Asia, from its long-time partner, Nippon Asahan Aluminum (NAA). Producing hundreds of thousand tons of ready-to-use aluminum metal, Inalum could be the key for Indonesia not only to fulfill its demand for aluminum but also to become an aluminum-exporting country, as all added-value goes back to the national economy. Although negotiations have been tough, reflecting the unwillingness of NAA to give Indonesia full access to its lucrative investment, soon Inalum will be 100 percent Indonesia’s. However, there is still a lot of work to be done in other cases. I would say that...
There is clearly a disconnect between the expectations of sellers and buyers in the current negotiations between Japanese buyers and Western smelters, including UC Rusal, Rio Tinto plc, Alcoa Inc. and BHP Billiton, expected to start this week. Meetings are due to take place to set the first quarter 2014 physical delivery premiums for aluminum contracts in Asia’s biggest import market, Japan. Smelters are bolstered by Prime Minister Shinzo Abe and the Bank of Japan’s record stimulus measures, which have spurred rolled aluminum output for three months in a row. President Abe’s plan to raise the sales tax in April is also boosting short-term demand for household goods, autos and construction. Smelters are encouraged no doubt by the partial shutdown of Saudi Arabia’s Ma’aden smelter and the...
National Aluminium Company Limited (NALCO), the Navratna PSU and India’s leading manufacturer-exporter of alumina and aluminium, has bagged the EEPC (Engineering Export Promotion Council, Eastern Region)’s Gold Trophy, as Top Exporter in the Large Enterprise Category, for its outstanding export performance during the year 2011-12. On behalf of the company, Shri N. Pandab, Regional Manager (Eastern Region) received the award from Shri Ravi Kapoor, Joint Secretary, Ministry of Commerce, Govt. of India, at the 30th Regional Award Presentation Ceremony, organized by EEPC India (Eastern Region) at Kolkata on November 22. During the financial year 2011-12, NALCO has achieved sales turnover of Rs.6927 crore, including the export earnings of Rs.2569 crore. It may be mentioned here that NALCO...
BNZ Materials, Inc. introduces Marinite CF, a carbon reinforced non-wetting calcium silicate insulating board that is used within the aluminum industry for transition plates and billet casting. Manufactured with today's modern casting technology in mind, Marinite CF transition plates have been proven to last considerably longer than any comparable product on the market. BNZ's precision fabricated parts offer low shrinkage, low absorption, longer life and an exceptionally clean metal surface. In terms of producing a high-quality ingot, it's very important to choose a high quality refractory as well, something that is effective for the billet casting process. Studies have reported that Marinite CF has outperformed their competition exponentially. After putting Marinite CF in use, an...
Aluminium steadied on Tuesday, after touching four-and-a-half-month lows the previous day, as the dollar fell, but analysts expected more losses due to an overhang of inventories and to speculators adding short positions. Relative-value trades have been popular this year, including shorting aluminium and going long on copper, analyst Robin Bhar at Societe Generale said. "From a tactical point of view, certainly for the year-end, going long copper and shorting aluminium is paying dividends. It's definitely a trade that is working," he said. In the last week to Monday, copper gained about 2 percent, while aluminium shed around 1 percent. "That could be a reason why we are seeing copper and aluminium going their own ways. Some of those trades are being put on because copper hasn't gone into...
Alcoa Inc., the largest U.S. aluminum maker, climbed to the highest in more than two weeks after Goldman Sachs upgraded the stock and raised its price target. The shares rose 3.7 percent to $9.58 at 1:23 p.m. in New York, after reaching $9.75, the highest intraday price since Nov. 6. Goldman Sachs analyst Sal Tharani lifted the recommendation on Alcoa to "buy" from "neutral", and boosted the price target to $11 from $8. The investment bank cited strong growth from the company's high-margin downstream business and its continued transition to a mainly downstream business. "We see a long-term value opportunity in Alcoa as the market begins to value Alcoa as a leading downstream aluminum producer with an improving cost structure on the upstream, providing upside irrespective of continued...
Aluminium futures prices fell by 0.41% to INR110.65 per kg today as speculators offloaded positions driven by weak global trend. At the Multi Commodity Exchange, aluminium for delivery in December declined by 45 paise, or 0.41%, to INR 110.65 per kg in business turnover of 13 lots. Similarly, the metal for delivery in November traded lower by 40 paise, or 0.37%, to INR 108.80 per kg in 278 lots. Market analysts said speculators offloaded positions in tandem with a weak global trend on concern that the Federal Reserve may start reducing stimulus in coming months amid improving US economic data, reducing the demand outlook for the metals, mainly led to the decline in aluminium futures prices.
Alcoa, a leading supplier of aluminium powder, has set its business targets for 2016, with plans to grow its value-add businesses and lower the cost structure of its commodity business. For the 2010 to 2013 period, Alcoa said that it is on track to generate an additional combined US$1.8 billion in revenue. The company also reported a strengthened commodity business, with lower cost positions in both alumina and aluminium. “Alcoa’s strategy to grow our value-add businesses while lowering the cost base of our commodity business is working,” said Alcoa Chairman and CEO, Klaus Kleinfeld. “We have made significant strides to reposition the vompany and are announcing a clear road map to further strengthen our competitive position while driving value-add growth at historic profitability levels.”...
Aluminium on the London Metal Exchange (LME) have closed out the week considerably higher, after upbeat economic data out of Europe and the US stoked hopes for improved demand for these assets. At the close of open-outcry trading on Friday, LME three-month copper was 1.1 per cent higher on the day at $US7,094 a metric ton. Aluminium also rose 1.1 per cent, to close the week at $US1,909 a ton. Data on Friday showed German business sentiment rebounded sharply in November with Ifo's business confidence index rising to 109.3, up from a revised 103.7 in October and beating forecasts of 107.7. This followed upbeat labour and factory activity reading from the US. Industrial metal prices are sensitive to such positive shifts in economic metrics as they are used in various applications throughout...
Malaysia's biggest aluminium maker, Press Metal Bhd, expects output to rise 36% to 410,000 tonnes next year after restarting one of its two plants, a company executive said today. A subsidiary of Kuala Lumpur-listed Press Metal in June reported the sudden shutdown of its 110,000 tonnes-per-year smelter in the Mukah district of eastern Sarawak state due to a six-hour power outage. The firm expects the plant to hit its full capacity within the next 3 months after restarting earlier this month, said the executive, who declined to be identified as she is not authorised to speak with media. Samalaju in Sarawak, the company's other plant, started operations in the final quarter of 2012 and is now running at its full annual capacity of 300,000 tonnes, she told Reuters. Shares of Press Metal had...
