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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US service centers last month recorded their strongest aluminium shipments since May last year, boosting expectations for 2014 even as some market sources questioned the sustainability of the demand uptick. Improved activity was reported in markets as diverse as aerospace, automotive and commercial construction and in products ranging from extrusions to sheet and plate and bar and tube. “If you would have asked me four months ago, I would have said I was disappointed with 2013. [...] But it’s turning out to be the opposite of 2012,” one service center source said. Demand in 2012 was strong at the beginning of the year but slowed in the second half, while 2013 has seen the trend reverse, he said, echoing the sentiment of others. US service centers’ aluminium shipments totalled 135,800 tons...
Alro SA,one of the largest aluminium producers in Central and Eastern Europe, announces today its financial results, in accordance with the International Financial Reporting Standards (IFRS), for the nine months ended 30 September 2013.The Company reported in 9M 2013 a net adjusted loss* of RON 21 million, compared to a net adjusted profit of RON 83 million (restated), in 9M 2012. The turnover for first nine months in 2013 was of RON 1.55 billion, compared to RON 1.74 billion, in 9M 2012. “The financial results continue to be significantly impacted by the continuous downturn of the international aluminium market, and by the local eco-taxes”, said Marian Nastase, President of the Board. “Although we took all the necessary measures to increase the efficiency of the operations, the mentioned...
Malaysian aluminium producer Press Metal Berhad’s 120,000-tpy Mukah smelter has resumed commercial operations, the company announced. Press Metal Sarawak Sdn Bhd (PMS), a subsidiary of Press Metal Berhad, had declared force majeure after it shut its primary aluminium production lines at the Mukah plant in the state of Sarawak on June 27 due to a six-hour power outage. “PMS expects to achieve full annual production capacity of 120,000 tonnes within the next three months,” the company said in an announcement to the Malaysian bourse Bursa Malaysia. In July, a company official had said the plant may take up to six months to restart. “[...] We were unable to resume metal production as solidification had taken place in the reduction cells of the potline,” Press Metal had said in July. Earlier...
The Hindalco Industries' subsidiary, Novelis Q2FY14 adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) of $ 228 million as well as volumes and Ebitda/tonne were on expected lines. Novelis also implicitly guided for H2FY14 volume and Ebitda growth of 10% year-on-year and 15% y-o-y respectively. Standalone Q2FY14 Ebitda at R5.4 billion was about 9% above estimate. Copper segment Ebit (earnings before interest and tax) of R2.4 billion was close to a record high while aluminium Ebit of R1.7 billion was disappointing, marred by forex loss and negative Ebit from new projects. Copper Ebit surprises positively: Standalone Ebitda at R5.4 billion (up about 5% y-o-y and about 13% q-o-q) was nearly 9% above our estimate with revenue of R63 billion (up 2% y-o-y and 8%...
Aluminium prices fell marginally by 0.05% to INR 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand. At the Multi Commodity Exchange, aluminium for delivery in November eased by five paise, or 0.05%, to INR 110.50 per kg in business turnover of 103 lots. Similarly, the metal for delivery in December traded lower by 5 paise, or 0.04%, to INR 112.35 per kg in six lots. Market analysts said speculators offloaded their positions in tandem with a weak trend in base metals at the London Metal Exchange that led to a fall in aluminium futures prices.
The LME has extended its list of good delivery points for its primary aluminium contract, approving new locations in the US and Europe. Owensboro, Kentucky and Moerdijk in the Netherlands have both been approved as good delivery points for primary aluminium, the LME said in notices to members. Both will become active as good delivery points three months after the approval of the first warehouse company for primary aluminium in that location. Moerdijk will be the LME's third Dutch delivery point for primary aluminium, joining Rotterdam and Vlissingen. In the US, the exchange currently has good delivery locations for primary aluminium in Baltimore, Chicago, Detroit, Long Beach, Los Angeles, Mobile, New Orleans, St. Louis and Toledo. Owensboro is already an approved delivery location for the...
Aluminium prices have not managed to hold on to the gains they made early on in the December quarter, and have fallen by 5.6% to $1,745 a tonne from the high seen in October. That fall, though not alarming, coincides with an uncertain time for metal prices as the London Metal Exchange (LME) is moving ahead with a proposed reform of its warehousing rules. LME’s new warehousing rules—set to be implemented from 1 April—are designed to tackle lengthy metal delivery queues, which are blamed for high metal premiums payable by buyers. The new rules will compel warehouses with over a 50-day delivery queue to deliver a certain amount of metal determined by a formula. These changes are expected to affect aluminium in particular, where large inventories have been built up while metal premiums, too,...
Norsk Hydro ASA has signed a USD 1,700 million syndicated revolving multi-currency credit facility with a syndicate of 13 international banks. The facility is for general corporate purposes. Since 2007, Hydro had a USD 1,700 million revolving credit facility with maturity in July 2014. This facility has remained undrawn. Hydro has now established a new credit facility, replacing the facility which was to mature in July 2014. The credit facility has a five-year tenor, and includes two one-year extension options. “This is a confirmation of our core banks’ strong support to Hydro,” executive vice president and CFO Eivind Kallevik says. “The smooth process and the terms concluded reflect trust built over many years, and is a great achievement for the company,” he says. Commerzbank,...
In trading on Friday, shares of Aluminum Corp of China Ltd. crossed above their 200 day moving average of $9.30, changing hands as high as $9.34 per share. Aluminum Corp of China Ltd. shares are currently trading up about 5.1% on the day. ACH’s low point in its 52 week range is $7.25 per share, with $13.29 as the 52 week high point — that compares with a last trade of $9.30. ACH makes up 1.13% of the ETF (LGEM)
The 17th International Arab Aluminium Conference and Exhibition ("ARABAL 2013"), held in Abu Dhabi from 5 to 7 November this year, provided ample opportunity for Dubai Aluminium (" DUBAL ") to demonstrate the company's extensive knowledge and expertise in the primary aluminium smelting industry. Since commissioning in 1979, the state-owned corporation has grown its operations through sequential expansion projects and currently operates one of the world's largest single-site primary aluminium smelters, with a production capacity in excess of one million tonnes of hot metal per year. Attesting to the company's industry experience, amassed over almost 35 years, DUBAL 's involvement at ARABAL 2013 spanned multiple levels, giving good exposure to the brand throughout the event's duration: • Dr...
Gouda Refractories has officially brought its third tunnel kiln and production facility into service. With the accomplishment of this step, the production capacity will be increased by 60%. This expansion, with a 125-metre long tunnel kiln, is the equivalent to building a new factory. The third tunnel kiln has an impact on the production process, necessitating the expansion and up scaling of the entire manufacturing process. The project was kicked off early 2011, supported by the parent company Andus Group BV, with the purchase and development of an adjacent 2.3 hectare lot on the Kromme Gouwe industrial estate in Gouda. Bringing the third tunnel kiln into service marks the end of a three-year countercyclical and intensive investment project.
The London Metal Exchange has listed Owensboro, in Kentucky USA, and Moerdijk, in the Netherlands, as good delivery points for primary aluminium, according to notice sent by the exchange to its members. Owensboro and Moerdijk will become active as a good delivery points for primary aluminium three months after the approval of the first warehouse company for primary aluminium in that location, the notice said. Moerdijk, located in the south of the Netherlands, is about 100 kilometres from Vlissingen and about 35 kilometres from Rotterdam. Warehouses in Vlissingen and USA’s Detroit account for 65% of the LME aluminium stocks, with queues of up to 18 months at these two locations. The new LME rules aim to cut down the queues at warehouses to 50 calendar days down from a prior proposal of 100...
India’s National Aluminium Co (Nalco) sold 6,000 tonnes of aluminium ingot in a tender at a premium of $229 per tonne over the LME cash price on a cif Singapore basis, according to two trader sources familiar with the deal. The company’s tender was for delivery of 1,500 tonnes per month from November to April, the sources said. Nalco’s last tender in October was for 3,000 tonnes of the light metal at premium of $227 per tonne.
Closing at $1,746 per metric ton on the weekly Aluminum MMI®, the cash price of primary aluminum finished as the week’s biggest mover with a 2.2 percent decline on the LME. Following a 2.0 percent drop on the LME, the aluminum 3-month price finished the week at $1,794 per metric ton. The Indian aluminum cash price rose 0.2 percent after falling 1.3 percent during the previous week. Chinese aluminum prices were mixed for the week. Chinese aluminum scrap saw a 0.5 percent decline over the past week. The price of Chinese aluminum billet declined 0.3 percent over the past week. With a 0.3 percent decrease, the cash price of Chinese aluminum closed the week. Prices for Korean 3003 coil premium over 1050 sheet remained constant. The week finished with no movement for Korean 5052 coil premium...
A supply glut amid continued sluggishness in the global economy continues to depress prices of aluminum. Even production cuts by major global companies have failed to prop up aluminum prices, with a dip in automobile purchases primarily responsible for capping demand worldwide. Any recovery will hinge on an upswing in the global economy's fortunes, according to the thematic research report of Motilal Oswal Commodity. According to the study, supply side remains more problematic in our view. Despite the curtailment announcements, we believe further cuts are needed internally in China and in the rest of the world, with new capacity additions and old smelters being given a new lease of life, outweighing the capacity closures announced. The report states: ""With a change in the rules on LME...
Aluminium ingot inventories at three major Japanese ports rose about 8% month-on-month in October, trading house Marubeni Corp’s data showed on Wednesday November 13. The total inventories at Osaka, Yokohama and Nagoya stood at 261,600 tonnes in October, up from 242,300 tonnes in September. Inventories were up 1.5% year-on-year. “Stock volumes at Nagoya increased a little,” a trader source from Tokyo said. “[More] cargoes arrived at Nagoya than usual and delivery out from the port was less than usual,” he said, adding that the domestic and international markets for aluminium remained very quiet. Nagoya stocks rose 15.6% month-on-month in October to 135,500 tonnes. At Yokohama, total stocks rose by almost 1% in October to 110,100 tonnes while inventories at Osaka were steady at 16,000...
Alcoa, the world's leading producer of primary and transformed aluminum, was considered the most sustainable company in the sector in which it operates and in the category, 'Relationship with Suppliers' by Exame's Sustainability Guide 2013, an annual publication from Editora Abril. Considered to be one of the most relevant surveys of its type in Brazil, the Guide highlights the sustainable actions of companies. The announcement was made during a ceremony held yesterday, November 6, in the Maria Luisa and Oscar Americano Foundation in São Paulo (SP). "We're very proud to have won first place in our sector and particularly to be part of such a select group of companies for the seventh time. This result proves that even with the enormous challenges the aluminum industry has faced we keep on...
The government and Japanese shareholders of PT Indonesia Asahan Aluminium (Inalum), which operates Southeast Asia’s only aluminum smelter, have in principal agreed on a provisional price for the firm’s assets and a mechanism for ownership transfer. Coordinating Economic Minister Hatta Rajasa said Wednesday that both parties gave the nod to the US$556 million figure set as the tentative valuation of Inalum assets before an audit by independent analysts would determine the exact valuation. “If the audit finds the real value is $20 million more than or less than the provisional price, we [both parties] will settle the issue with an international arbitration body,” Hatta told reporters. “But, we believe that the value gap will not exceed the limit.” Hatta declined to specify when the audit...
