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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LME aluminium has found a support at $1,806 per tonne and may rebound to $1,841. The support is 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. It has been proved effective as the downtrend stopped to extend. The trend is expected to be reversed more as it could have completed its five-component waves. Most likely, the current rebound will reach $1,841, the 50 percent retracement. A break below $1,806 will open the way towards $1,775.50. 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...
A slew of investments in the Gulf’s aluminium industry are currently worth around $30bn but are likely to grow to $55bn by 2020, according to Frost & Sullivan. Venkatesan Subramanian, vice-president and leader of the research firm’s metals and minerals practice, said the Gulf is “poised to become a favoured destination and a global aluminium hub”, particularly as production levels are forecasted to fall in Europe and the United States. Aluminium production is a power-intensive process and Subramain said the Gulf has significant advantages in having access to cheaper energy sources. “This, coupled with availability of liquid and solid metal feed stock, land and above all great support by the respective Governments for investments (means) the aluminium industry is looking towards becoming a...
Aluminium consumers and some North American aluminium producers applauded sweeping changes announced on November 7 by the London Metal Exchange. Atlanta-based Novelis is encouraged by the development, chief supply chain officer Nick Madden said in a e-mail to AMM. “At first review, the rule changes outlined by the LME appear to be a significant step in the right direction, balancing the diverse input received during the consultation process,” he said. “I am optimistic that these changes will help to address this long-standing and complicated issue.” Montreal-based Rio Tinto Alcan also welcomed the LME’s warehousing rule changes. “We view this as an important step to address the recent market and economic forces that have combined to create a set of challenges in the warehousing aspects of...
National Aluminium Company (NALCO) will declare its second quarter (July-September) results today. Analysts expect strong improvement in operational performance during the quarter on account of lower base in a year ago period, but topline may shrink on lower volumes. According to a CNBC-TV18 poll, profit after tax is expected to rise over 30 times year-on-year to INR 146.4 crore as against net loss of INR 4.8 crore in the quarter gone by. Net sales are likely to decline 3 percent Y-o-Y to INR 1,535 crore in three-month period ended September 2013 due to lower volumes from aluminum business though realisation is better because of weak rupee. Analysts expect weaker rupee to drive higher aluminum and alumina realisations despite lower aluminum LME price. Aluminum They expect aluminum sales...
The Japanese owners of Southeast Asia’s only aluminum smelter are seeking an amicable resolution to a dispute with the Indonesian government over its takeover of the plant and are holding off on possible arbitration, Reuters reported. “Our negotiations are still continuing, but both parties think we should come to a conclusion as soon as possible,” Jun Yamamoto, general manager of the aluminum division at Sumitomo Chemical Co. Ltd., which represents a consortium of Japanese shareholders, said on Friday. “We still want to resolve this issue amicably, but we are also prepared to seek arbitration at ICSID [the International Center for Settlement of Investment Disputes] if no agreement is made,” he said. A week has passed since Indonesia took control of Sumatra-based PT Indonesia Asahan...
Now in its 143rd year, the The Materials Society (TMS) Annual conference and exposition meets at the San Diego Convention Centre, USA in 2014. The TMS 2014 Annual Meeting will present nearly 70 symposia covering a broad range of topics related to materials science and engineering. Although largely aimed at fundamental research, a large section of the programme is devoted to light metals including primary production of aluminium, refining of bauxite and electrode technology.
Alcoa Inc. (AA), the largest U.S. aluminum maker, said claims by some consumers that the metal is unavailable are incorrect. The claims are “a total myth,” Chief Executive Officer Klaus Kleinfeld said today in a presentation to investors in Cleveland, Ohio. None of its customers have stated to Alcoa that they have a shortage of metal supply, he said. The London Metal Exchange, the world’s biggest industrial-metals marketplace, said today it changed its rules to speed up withdrawals from warehoused stockpiles amid scrutiny from U.S regulators. Beverage maker MillerCoors LLC, a SABMiller Plc and Molson Coors Brewing Co. venture, said at a U.S. Senate subcommittee hearing in July that banks and other warehouse owners are manipulating aluminum supplies and slowing deliveries to boost prices....
Aluminium Bahrain B.S.C. (Alba), committed to Bahrainisation and determined to empowering young Bahrainis, launched a new batch of Vocational Training (VT) Programme on November 3, 2013. Organised in conjunction with Tamkeen, the programme recruited 60 young Bahrainis - 20 secondary school graduates and 40 National Diploma who will undergo a two-year training programme in various aspects of Alba operations. The programme was inaugurated by Alba's Chief Executive Officer, Tim Murray and also present were Chief Operations Officer, Isa Al Ansari, Chairman of Alba Labour Union, Ali Al Binali and Training & Recruitment Manager, Rawdha Salman Al Aradi. Alba's Vocational Training Programme is designed to empower trainees with technical and practical skills, and provide them with hands-on...
Shares of major aluminum producers tumbled on Thursday, as investors anticipated that new London Metal Exchange warehouse rules could depress aluminum prices. Alcoa Inc., the largest U.S. producer fell 7.5% in afternoon trading. Shares of United Co. Rusal, based in Russia and the largest aluminum maker in the world, fell 2.9% on the Hong Kong Stock Exchange. The LME, the world's largest metals exchange, on Thursday announced final rules designed to speed the delivery of metal out of its global warehousing network. Metal users like Coca-Cola Co. and MillerCoors LLC have complained that bottlenecks to retrieve aluminum from warehouses overseen by the LME were inflating their costs. The LME's rule would essentially force warehouses that are home to long waits for metal to deliver out more...
The London Metal Exchange has pledged to cut down the amount of time it takes for customers to receive physical metals in a bid to combat criticism over metal hoarding. Under a new plan, the LME plans to slash waiting times down to 50 days, after regulatory pressure for the industry to review its metal storage practices. The LME also revealed that it has commenced a legal review of what steps it can take on high storage charges. The group's desire clamp down on alleged metal hoarding comes after swathes of criticism and concern from regulators and market participants. Goldman and the LME have been sued in the US on the allegations. In July, reports claimed that a Goldman Sachs subsidiary shuffled aluminium stocks around its warehouses each day, lengthening storage times and bloating...
Cost pressure of EU policies and regulations has put the European aluminium industry at a competitive disadvantage to its global rivals. This is the key finding of a study undertaken for the European Commission in the framework of its Fitness Check on the aluminium sector that is published today. The Centre for European Policy Studies (CEPS) has performed a first ever analysis of the costs borne by the aluminium industry attributable to EU legislation over the past ten years in the areas of energy, climate change, environment, competition, trade and products policies. The study surveyed 46 plants accounting for more than 60% of EU production capacity. “The results clearly show the significant negative cost impact of some EU rules on our ability to compete internationally,” said Gerd Götz,...
Greece's dominant electricity producer PPC threatened on Thursday to ditch its biggest customer, Aluminium SA, upping the ante in a five-year row between the two firms over power supply prices. The dispute, which threatens to disrupt production at Aluminium, southeast Europe's biggest aluminum smelter, is emblematic of the confused state of Greece's power market, one of the problems Athens needs to fix as part of its bailout by the International Monetary Fund and European Union. State-controlled PPC's management board unanimously decided on Thursday to scrap its contract with Aluminium, effective Nov. 18, it said in a statement. "We don't want them as clients any more," a company official told Reuters on condition of anonymity. PPC said on Tuesday it would take a 109 million euro ($146...
Brazilian aluminium producer Alloys & Metals Reciclagem de Metais intends to save costs at its future operations in Pará state, in the north of Brazil, by processing liquid metal, Metal Bulletin understands. "By building a plant next to a primary aluminium producer, it is possible to save costs by reprocessing liquid metal, which, in this case, is generated by [Hydro's] Albras, [plant," Alloys' director Marcel Popovici told MB. Alloys, Hydro subsidiary Albras and Pará state government recently signed a commitment to make future investments in the local aluminium production chain. "There are lots of business opportunities in the Northern region of Brazil," added Popovici. Alloys intends to build a billet operation in the state, as well as an extruded products plant and an aluminium...
US regional aluminium premiums fell during most of the third quarter but have recently firmed and even increased slightly, Century Aluminum Co executives said. But the Chicago-based aluminium producer said uncertainty remained in premiums and warehouse stock forecasts given uncertainties around London Metal Exchange warehouse policies. U.S. Midwest premiums fell from a high of 11.8 cents per pound before the LME proposed changes to its warehousing policies (amm.com, July 1) to a low of roughly 9.8 cents per pound, company president and chief executive officer Michael A. Bless said during a Nov. 4 conference call with analysts. Midwest premiums have recently increased to 10 cents per pound, while European Union duty-paid premiums have been stable in recent months at about $245 per ton,...
Having again lent its support to the 2013 Emirates Energy Award ("EEA") programme, Dubai Aluminium (" DUBAL ") was honoured to receive a Gold Sponsor's Trophy during the awards-presentation ceremony, hosted by the Dubai Supreme Council of Energy ("DSCE") on 28 October 2013. Abdulla Kalban (President & CEO) received the trophy on behalf of DUBAL from H H Sheikh Ahmed bin Saeed Al Maktoum, in the latter's capacity as Chairman of the DSCE. Commenting on the award, Mr Kalban said, " DUBAL is very proud to be associated with the EEA programme. We believe that our sponsorship of initiatives such as this is integral to our investment in the future of Dubai and the UAE." DUBAL 's involvement in the EEA reflects the company's support for the UAE's efforts to optimize energy utilization and...
Noranda Aluminum Holding Corporation ( NOR ) will begin trading ex-dividend on November 07, 2013. A cash dividend payment of $0.01 per share is scheduled to be paid on December 05, 2013. Shareholders who purchased NOR stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -75% decrease from the prior quarter. At the current stock price of $2.9, the dividend yield is 1.38%. The previous trading day's last sale of NOR was $2.9, representing a -57.66% decrease from the 52 week high of $6.85 and a 31.22% increase over the 52 week low of $2.21. NOR is a part of the Basic Industries sector, which includes companies such as Aluminum Corporation of China Limited ( ACH ) and Century Aluminum Company ( CENX ). NOR's current earnings per share, an...
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 on Wednesday. Alba increased its sales by 4.2% YoY thanks to a strong Saudi demand while production rose by 4.7% YoY on the back of strong overall operational & cost performance. Net profit for the three months to September 30 was 4.9 million dinar ($13 million) versus a net loss of 13 million dinars a year earlier. Alba’s income was boosted by a seven per cent increase in sales to 183.3 million dinars, with strong demand from Saudi Arabia noted, and a 4.7 per cent hike in tonnes produced compared to the same months last year. Despite the return to profit, Alba missed the estimate of local investment bank SICO Bahrain, which forecast...
Qatalum is participating in the 17th session of the Arab International Aluminium Conference and Exhibition (Arabal), which is being held in Abu Dhabi. The participation in what is considered the most important trade event for the aluminium industry in the Middle East has come through a high-level delegation comprising Qatalum CEO Tom Petter Johansen, deputy CEO Khalid Mohamed Laram, a number of directors, various heads of departments and specialists in the company. Qatalum also participated in the Arabal exhibition held on the sidelines of the conference, at a forum through which attendees were informed about the most important developments in the current year and earlier. On the first day of the conference (November 5), Qatalum launched its specialised electronic newsletter bulletin,...
