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 Bahrain B.S.C. (Alba) won the Best Company for Investor Relations in Bahrain Award for the third consecutive year at the Middle East Investor Relations Society (ME-IR) Annual Conference and Awards 2013, which took place recently in Dubai at the Ritz Carlton Hotel, DIFC. The Middle East Investor Relations Society's (ME-IR Society) Annual Conference and Awards is a prestigious event and recognises the region's best performers who play a critical role in the field of investor relations. This year's survey included 138 of the largest listed companies from nine countries in the Middle East and North African Region. The company's Investor Relations Department - under the direction of Alba's Manager for Investor Relations, Eline Hilal - was recognised for its excellent investor...
It appears the 480 jobs at Century Aluminum's Sebree Smelter will not be going anywhere in the near future. Century, Big Rivers and Kenergy have reached a new power agreement for the plant. The deal is similar to the agreement the companies have concerning Century's Hawesville plant. Under that agreement, Kenergy will still provide power to Century, but Century will be allowed to purchase power using open market prices. Century had said it could not continue operating the plant under the old price structure.
Aluminum premiums in Japan probably will hold near record levels in the first quarter as Prime Minister Shinzo Abe continues economic stimulus and supply is disrupted, according to four executives who are scheduled to start price negotiations next week. Surcharges for the three months starting in January are likely to be set around this quarter’s $245 to $246 a metric ton over the London Metal Exchange cash price, said the Tokyo-based executives, who represent buyers and sellers and asked not to be identified because they aren’t authorized to speak to the media. Premiums in Asia’s biggest importer of the metal reached a record $255 in the fourth quarter of 2012. Shipments of rolled-aluminum products by Japanese fabricators expanded for a third month in September as the Bank of Japan’s...
Russia's United Company Rusal Plc , the world's biggest aluminium producer, said it had offered January-March shipments of the metal to Japanese buyers at a premium of $270 per tonne, seeking a record high. Japan is Asia's biggest importer of aluminium, and the premiums that it agrees to pay each quarter over the London Metal Exchange cash price set the benchmark for the region. "The reason why we are seeking an increase for the first quarter is because we expect tight supply in Asia and healthy demand in Southeast Asia, Japan, and Taiwan," Geoff Watson, director for Asian sales at Rusal marketing, told Reuters in a telephone interview. Recovery of spot premiums in Europe and the United States are also behind the higher offer, he said. The new offer is about 10 percent higher than the...
Chinese metals market participants gave a cautious welcome to the release of a detailed summary of the conclusions of a key policymaking conference that took place last week. Beijing will allow the market to play a decisive role in the economy, instead of a fundamental role, the government said. The market will determine the allocation of resources, including land, fuel, mines and utilities, the government said. “Any price that can be affected by the market must be left to the market,” it said. Beijing has imposed a tight timescale of reform, with “decisive outcomes” in important areas of reform expected by 2020. But electricity, gas and transportation liberalisation will lead to upward pressure on input costs for steel mills. Interest rate liberalisation could mean an increase to the...
LME aluminium is expected to retest resistance at $1,807 per tonne, as it has not completed a rebound from the Nov. 19 low of $1,776. The rebound followed the completion of a five-wave cycle that developed from the Oct. 29 high of $1,905.75. At least three waves labelled a, b, c will make up the rebound. So far, only the first wave has unfolded. The current wave b may end around $1,776, followed by the upward wave c, which will travel towards $1,807, the 23.6 percent Fibonacci retracement on the cycle. 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...
Metal-Expo’ 2013 International Industrial Exhibition was held on November 12 - 15 at the All-Russia Exhibition Center fairgrounds, Moscow to exhibit the whole range of ferrous and non-ferrous products, as well as the most state-of-the art equipment and modern technologies. More than 700 companies from 37 world countries participated in the leading event this year, from which attendance was dominated by the host country with 416 domestic companies practically from all regions of Russia, somewhat surprisingly followed by China (77 companies), and next traditionally 68 companies from Germany and 46 companies from Italy. For four working days approximately 30 - 32 thousand end-users of ferrous and non-ferrous products from various industries including construction, power and engineering...
Mike Baird is dreaming if he expects a trouble-free, $2.1 billion sale of Macquarie Generation when 23 per cent of its revenue could go up in smoke. In opposing a renegotiation of the steep rise in MacGen's long-term power contract with its biggest customer, the Rio Tinto-controlled Tomago aluminium smelter, the NSW Treasurer may be on safe ground in a strict legal sense. But if there's one thing that the three shortlisted MacGen bidders need, it's a bit of clarity on the smelter's future. Holding the line on the power contract will depress the MacGen sale price because all three bidders will discount the value of the contract between the generator and its most important customer. The alternative is to help create some certainty around Tomago's future by cutting the business some slack,...
Aluminium companies from the US Midwest to the East Coast were hit by power outages resulting from powerful storms that hit the country earlier in the week. Netherlands-based aluminium products manufacturer Constellium experienced three power outages at its plants in Novi and Van Buren during the storms, a spokeswoman for the company said in a November 20 e-mail to Metal Bulletin sister publication AMM. Both plants make automotive structures, according to Constellium’s website. Roughly 400 miles east, Oslo, Norway-based Sapa Group’s extrusion plant in Mountain Top, suffered a 15-hour power outage but no other disturbances, a company spokeswoman said in an e-mail to AMM. Deadly tornadoes and thunderstorms pounded the US Midwest on November 17. Metals companies were largely spared damage,...
Century Aluminum Sebree LLC, a wholly owned subsidiary of Century Aluminum Company, Kenergy Corp. and Big Rivers Electric Corporation today announced that they have finalized and filed with the Kentucky Public Service Commission definitive agreements among the parties for a new power arrangement for the Sebree aluminum smelter, located in Henderson County, KY. These agreements and the filing are a first step in finalizing the arrangement. The agreement is subject to approvals from various third parties, including the Kentucky Public Service Commission and the USDA Rural Utilities Service. The parties will continue to move as expeditiously as possible to finalize the agreement in advance of the expiration of the current power contract on January 31, 2014. The Sebree smelter has an annual...
Highly-regarded racing sponsor, Dubai Aluminium (DUBAL), will continue their long association with horse racing in the UAE when they sponsor Thursday evening’s six-race card. The primary aluminium producer, an industry leader in Dubai, has been a prized supporter of racing since 2005 and traditionally lend their name to one race meeting at Meydan and one during the Dubai World Cup Carnival every season. This week DUBAL sponsors Meydan’s first Conditions race of the new term, the DUBAL Excellence Trophy, which carries a lucrative purse of Dh126,000. A field of seven led by Godolphin Mile (G2) runner-up Haatheq will contest the 1800m event. In addition there is a valuable support race on the same card, the DUBAL Potlines Trophy handicap worth Dh110,000. Commenting on DUBAL’s partnership...
Citigroup Inc. reaffirmed their neutral rating on shares of Noranda Aluminum Holding Corp. in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a $3.20 price target on the stock, down from their previous price target of $3.50. “Based on our 2014E and a 8.0x multiple we apply a 60% weighting on our $2.00/sh EV/EBITDA valuation and a 40% weighting on our DCF derived valuation of $5.10/sh to arrive at our reduced target price of $3.20/sh on lowered estimates. Based on our revised commodity price forecasts, we have lowered our EPS estimates for ’13 to -$0.67 from -$0.62. No change to our Neutral/High Risk (2H) rating.,” Citigroup Inc.’s analyst wrote. NOR has been the subject of a number of other recent research reports. Analysts at UBS AG...
Daily average primary aluminium output excluding China fell to 65,300 tonnes in October from a revised 66,600 tonnes in September, data from the International Aluminium Institute (IAI) showed on Wednesday. Global production for October excluding China was 2.02 million tonnes, up from 1.99 million tonnes recorded in September. The October total is higher because of the extra day in that month. In China, daily average output rose to 62,900 tonnes in October from 61,900 tonnes in the previous month. Total Chinese production in October was 1.9 million tonnes from 1.8 million tonnes in September, the IAI said.
China’s aluminium capacity would exceed 30 million tpy by the year’s end and reach over 34 million tpy in 2014, helped by declines in cash costs, Shanghai Metals Market said at its China Metal Summit. The country would have a capacity of 30.3 million tpy to produce the lightweight metal by the end of this year, with actual output estimated at 24.9 million tonnes, SMM’s aluminium analyst Zhang Chenguang said at the summit in Shanghai on Wednesday. China’s aluminium capacity would grow by another 12.8% year-on-year to 34.2 million tpy next year and production by 13.8% to 28.3 million tonnes in 2014, he said. The growth was helped by sharp declines in cash costs as most Chinese aluminium producers use cash basis accounting nowadays. Average cash loss ratio has dwindled to 17% at present,...
Aluminium Bahrain B.S.C. (Alba) boosted efficiency levels at the plant with a recent upgrade to the new resistor preheating method for Pot Lines 1 - 3. Using principles of lean management and operational efficiency, this new technique is cost and energy efficient as compared to the earlier method. The resistor preheating method is not only simpler and safer during operational practice but it also contributes towards saving energy as it eliminates the use of external gas or fuel. Further, it enables uniform heating of the cathode and better backing of the ramming paste, as well as reduces maintenance works. And most crucially, it ensures longer pot life due to limited cathode surface burn-off. This accomplishment was achieved through active inter-departmental collaborations under the...
Dubai Aluminium Company (DUBAL), which powers one of the world's largest aluminium smelters with a 2,350 MW power station, has placed the first order in the Middle East for innovative, high-performance platforms by GE that enhance the flexibility, performance and value of its existing gas turbine assets. This was announced at GE's Powering Efficiency Forum, a thought leadership summit focused on meeting future energy efficiency needs in the Middle East. Government officials, power generation company representatives and industry leaders attended the event. At the Powering Efficiency Forum, GE announced the expansion of its high-performance Advanced Gas Path (AGP) solution for its 9E and 9F-3 gas turbine customers in the Middle East. Proven to deliver industry-leading upgrade performance,...
Aluminium prices edged up by 0.18% to INR 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in November inched up by 20 paise, or 0.18%, to INR 108.90 per kg in business turnover of 53 lots. The metal for delivery in December traded higher by a similar margin at INR 110.70 per kg in a business volume of 16 lots. Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.
The aluminium industry is “vital to the growth” of the UK manufacturing sector, says Dr. Alan Arthur, Marketing and Communications Executive at Aluminium Federation Ltd (ALFED). Speaking at the Advanced Engineering UK group of events, Arthur said: “Often we understate the value of engineering, manufacturing and certainly aluminium in the UK”. Yet, he said, “the aluminium industry has a £3.2 billion annual turnover and employs directly around 20,000 people”, demonstrating how vital the aluminium industry is to the UK economy. This employment figure rises dramatically when the number of people who support the aluminium industry is included, and "you begin to see how large the aluminium industry is", said Arthur. In regards to the supply chain of the aluminium industry, Arthur said: “the UK...
