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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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 imported 12,060 tonnes of aluminium in the month, compared with 7,477 tonnes in October 2012, according to figures from the country´s trade minister. In January-October, imports amounted to 39,031 tonnes, from 37,101 tonnes in the corresponding period last year. Russia was the main supplier of aluminium to Brazil, shipping 5,999 tonnes in the month – the first time the South American country has received Russian aluminium in 2013. The material arrived in the port of Suape, in Brazil's northeastern state of Pernambuco, and generated revenues of $11.87 million. Argentina, traditionally Brazil´s main international aluminium supplier, shipped 5,859 tonnes in...
Vale SA (VALE), the world’s biggest iron ore exporter, completed the sale of all of its 22 percent stake in aluminum-maker Norsk Hydro ASA (NHY) for $1.82 billion after an over-allotment option was exercised. Vale sold the additional 40.7 million Hydro shares for 25 kroner ($4.04) each, the Rio de Janeiro-based company said today in a statement. It sold 407.1 million shares for the same price in the Oslo-based company on Nov. 12. Gross cash proceeds from the offering are 11.2 billion kroner, equivalent to about $1.82 billion, Vale said. The miner is selling assets, putting projects on hold and focusing on its more profitable iron-ore business in a bid to recover profit margins after commodity prices fell. In September, it sold stakes in a cargo unit for about 2.7 billion reais ($1.2...
UC RUSAL, a leading, global aluminium producer, announces a plan to modernize the SUAL-Powder Metallurgy (Shelekhov, Russia) plant. The total project investment is estimated to be EUR 4 mln. The plant is acquiring a classifier mill HOSOKAWA Alpine (Germany). The installation of the new equipment will result in an increase in production capacity by 30% as well as launching a new range of ultra-high quality aluminium powders. This material is used in construction, in particular in the production of autoclave aerocrete. The installation of the new Alpine equipment at SUAL-Powder Metallurgy is part of a broader modernization of the aluminium powder production project. As of today, assembly works are being carried out at the plant, scheduled to complete in January 2014. The new equipment will...
C.R. Laurence Co. named Gerald Hendrick president of its U.S. Aluminum Division. Hendrick will be based out of CRL-U.S. Aluminum's central Waxahachie, Texas, service center and will help bolster operational growth initiatives, as well as oversee the division’s sales and estimating teams, according to a release. With 30 years of industry experience, Hendrick has held senior management positions with Assa Abloy, and most recently, Dorma USA, where he acted as president of the Entrance Systems Division and senior vice president of sales. “Gerald’s extensive experience and success in the architectural glass and glazing industry, paired with his deep understanding of various product lines in our own portfolio, will help to further establish CRL-U.S. Aluminum," said Lloyd Talbert, president of...
A bearish target at $1,775.50 per tonne has been established for LME aluminium, as it has broken below a support at $1,806 per tonne. The support was provided by the 76.4 percent Fibonacci retracement on the rise from the Sept. 17 low of $1,775.50 to the Oct. 29 high of $1,905.75. There might not be any other support until aluminium reaches $1,775.50. A sudden surge above $1,810 will signal a false break below $1,806 and the completion of the wave 5. A bullish target at $1,825, the 61.8 percent retracement, will then be established. 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...
Brazilian aluminium exports fell sharply year-on-year in October after increased domestic demand and fewer volumes sent to Europe. Volumes sent abroad totalled 18,802 tonnes, from 43,024 tonnes in October 2012. Revenues in the month totalled $35.36 million, compared with $82.64 million a year ago. Exports from January to October amounted to 347,015 tonnes, down 16.1% year-on-year. Japan was the main destination for Brazilian aluminium with 18,094 tonnes, a 2.5% increase year-on-year. Additional material was sent to South Korea (402 tonnes), Venezuela (202 tonnes), Colombia (76 tonnes) and Mexico (25 tonnes). No volumes were sent to traditional customers such as Switzerland and the Netherlands, which imported 7,807 tonnes and 5,005 tonnes, respectively, in October 2012.
The 17th Arab International Aluminium Conference (ARABAL) 2013 concluded on 7th Nov after attracting more than 500 delegates to the beautiful St Regis Hotel in Abu Dhabi, UAE. Aluminium International Today was in attendance. The first day included a pre-conference workshop, which highlighted how DUBAL’s proprietary DX+ Technology builds upon the strength and success of its earlier DX Technology, offering smelters greater operating efficiencies at lower capital costs. This was followed by a site tour of the EMAL smelter, which more than 100 delegates attended. The tour included a drive by tour of phase I and the newly opened phase II, the power plant, reduction facilities, central maintenance services and the port area with a special stop off at EMAL’s Casthouse for a conversation with...
China's Ministry of Land and Resources Monday suspended land applications for new projects in the aluminum, cement, steel and glass sectors with immediate effect due to surplus capacity in these industries. "For new projects involving adding new capacities, all land use pre-qualification applications will be rejected," the ministry said in a statement on its website. "There will be no preferential polices for land use and mined resources for industries with serious surpluses. MLR will also put more vigorous efforts into monitoring and combating illegal land use," it said. China in December 2011 targeted limiting refined copper, aluminum, lead and zinc output to 6.5 million mt/year, 24 million mt/year, 5.5 million mt/year and 7.2 million mt/year, respectively, in its 12th Five-Year Plan...
Oman will host a number of high level meetings and events related to Aluminium industry early next year. The Gulf Aluminium Council Dinner which is now considered to be the main gathering of senior executives and Board members of Aluminium producers from the Gulf and other parts of the world as well as executives from industries that have business association with Aluminium industry such as power generation manufacturers, suppliers, bankers and traders will be getting together on the 05th February at the Al Bustan palace hotel. This prestigious dinner is by invitation only and takes place in one of the Gulf States hosted by Gulf Aluminium Council; Sohar will be the main sponsor for 2014 dinner along with other smelters in the Gulf and oversees. During the week, the Board of Directors of...
JW Aluminum Company (“JW Aluminum”) announced today that it has posted its 2013 Quarterly Report for the quarter ended September 28, 2013 on JW Aluminum’s secure investor website at 11:00 PM Eastern Time on Monday, November 11, 2013. The quarterly report is being furnished pursuant to the Indenture governing JW Aluminum’s 11.50% Senior Secured Notes due 2017 (the “Notes”). The quarterly report will be made available to holders and beneficial owners of the Notes, qualified prospective investors in the Notes, and certain security analysts and market makers. JW Aluminum will post all of its annual reports, quarterly reports and current reports that are required to be delivered pursuant to the Indenture governing the Notes on JW Aluminum’s secure investor website maintained by Intralinks. JW...
The impending shutdown of an aluminum smelting operation in Ohio will have an impact on American Electric Power's electricity sales next year. AEP President and CEO Nick Akin is scheduled to speak Nov. 12 at the 48th Annual Edison Electric Institute Financial Conference in Orlando, Fla. In preparation for Akin's speech, AEP posted its 2013 Fact Book to its website. In its projections for 2014, AEP said it expects sales to industrial customers to be 2.3 percent less next year compared with this year. Excluding the impending shutdown of the Ormet Corp. smelting operation at Hannibal, Ohio, across the Ohio River from New Martinsville, WV, industrial sales will be up about 1.1 percent next year, according to the fact book. Total AEP sales — industrial, commercial and residential — next year...
The Management of Aluminium Smelter Company of Nigeria (ALSCON) says the company has executed N23.25 million water projects in Ikot Abasi Local Government Area of Akwa Ibom. The company’s Director of Public/Government Relations, Mrs Tatyana Smirnova, disclosed this in an interview with the News Agency of Nigeria (NAN) in Ikot Abasi. She said that the amount was used in executing 15 water projects in different communities in the local government area. “We have executed 15 water projects in Ikot Abasi villages to provide clean and potable water which amounted to N23.25 million,’’ Smirnova said. The director said that about 10,000 people had benefited from the water projects. She also told NAN that the company had embarked on sale of obsolete assets in order to get additional revenue for...
United Co. Rusal (486)’s quarterly loss narrowed from the previous three months after the world’s largest aluminum producer shut unprofitable plants and cut costs. The net loss shrank to $172 million in the third quarter from $458 million in the second, Moscow-based Rusal said today in a statement. Adjusted earnings before interest, taxes, depreciation and amortization reached $130 million, in line with the $129.8 million average of six analyst estimates compiled by Bloomberg. The year-earlier loss was $118 million. Slowing global economic growth has eroded demand for aluminum, dragging down prices for the metal used in cars, aircraft and drink cans. Supply of the metal is outpacing demand for a seventh consecutive year and will remain in surplus until at least 2018, Morgan Stanley...
Refined aluminum inventories at Shanghai Futures Stock Exchange warehouses fell last week, as investors shift from aluminum to copper stocks, a Chinese industry expert said Monday. Aluminum stocks at the Zhejiang, Jiangsu, Shanghai and Guangdong warehouses in China totaled 199,260 mt as of November 8, according to SHFE figures released that day. That is down by 11,055 mt from November 1, and also sharply lower from levels seen in early September, when stocks were recorded at 288,764 mt on September 6. "Investors are transferring their capital from aluminum stocks to copper stocks," Jack Yeung, a business professor with City University of Hong Kong, said Monday. "The mainland Renminbi money supply is tightening with rising bank interest. This encourages copper hedging," "The London Metal...
The North American October net new aluminum mill order index rose 11.9% from September, according to the Aluminum Association. New mill orders increased 1.1% from October 2012, while the year-to-date index is down 3.5%, the group said in Friday report. October plate orders fell 13.6% from September and were down 10.4% from October 2012 levels. October sheet orders were up 16.7% from September and 5.8% above the year-ago period. October orders of extruded products rose 11.3% from September and were up 10% from a year ago. Foil orders last month jumped 30.5% from Septemeber and were 16.7% above those of October 2012, the report said. Orders of domestic can stock increased 15% from September and were down 10.3% from October 2012. October orders of export can stock fell 15.2% from September,...
Vale SA (VALE), the world’s biggest iron ore exporter, plans to sell its stake in aluminum-maker Norsk Hydro ASA (NHY) for as much as $1.8 billion, about half the holding’s value when the Brazilian company acquired it in 2011. Vale expects to sell as much as 447.7 million shares, or all its 22 percent stake in Oslo-based Hydro, the Rio de Janeiro-based company said yesterday in a regulatory filing. The miner is selling assets, putting projects on hold and focusing on its more profitable iron-ore business in a bid to recover profit margins after commodity prices fell. In September, it sold stakes in a cargo unit for about 2.7 billion reais ($1.2 billion) to Japan’s Mitsui & Co. and a Brazilian government fund after $1.47 billion of asset sales last year, including a coal mine in Colombia...
Regional aluminium premiums should gradually decrease to levels last seen 18 to 24 months ago – or even four to five years ago – due to the new London Metal Exchange warehouse policies, Philip Martens, Novelis chairman and ceo, said. “Over time, I think you will see a moderation of regional premiums. But it won’t happen overnight,” Novelis said on November 11 in an exclusive interview with Metal Bulletin sister publication AMM. The Atlanta-based aluminium roller and recycler generally passes through regional premiums in North America and Europe and should be unaffected by moves either way in those markets, Martens said. The main impact likely will be felt in Asia, where Novelis is exposed to Japanese premiums, which have increased sharply, while its competitors in China do not face the...
Goldman Sachs Group Inc.'s controversial Romulus-based aluminum warehousing operation, Metro International Trade Services LLC, faces new rule changes to cut wait times for metal delivery that could challenge its profitability. The London Metal Exchange, which oversees the trading of metal futures, issued the new rules last week, forcing warehouses like Metro's to reduce wait times for delivery of purchased metal to 50 days from as long as 18 months. The LME's new rules stem from growing concerns over market-traded aluminum and its effect on manufacturing. Starting in August, Metro International became the center of at least 20 ongoing civil antitrust lawsuits and an investigation by federal regulators. Beverage giants such as the Coca-Cola Co. and smaller aluminum manufacturers, some of...
