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...
Grow with
AL Circle
Iran's aluminum ingot production has increased by 6 per cent in the first seven months of the current Iranian calendar year, which began on March 21, compared to the same period in the past year, the Mehr News Agency reported. Some 206,908 tons of aluminum ingots were produced in the 7-month period. Production stood at 195,774 tons last year. Some 29,600 tons of aluminum ingots were produced in the sixth calendar month (August 22 - September 22). It was previously announced that Iran plans to increase its annual aluminum ingot production capacity up to 910,000 ýtons by the end of the Fifth Five-Year Economic ýDevelopment Plan (March 2016). According to the Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Ja'fari, Iran's current consumption of aluminum per capita stands at...
Arabian Gulf aluminium producers are on track to nearly double their slice of global output by 2020 as the Gulf is the only region outside China expanding capacity in the industry. This comes despite Qatalum, a key player, putting its expansion plans on hold. The joint venture between Qatar Petroleum and Norway’s Hydro Aluminium cited a large supply overhang and uncertain profitability for its decision. However, other players, including the UAE’s Emirates Aluminium (Emal), are pressing ahead with growth plans. From the middle of next year, it will have completed its second phase expansion, taking capacity to 1.3 million tonnes. The facility will be the world’s largest single site smelter. “We are three months ahead of schedule so that means we need to slowly go up with production because...
Emirates Aluminium (Emal) is ahead of schedule with the expansion of its production capacity to 1.3 million tonnes a year and expects to complete the project in mid-2014, the company's chief executive said on Wednesday. Emal's $4 billion project to boost capacity from about 800,000 tonnes a year had been expected to be completed by the end of 2014. "We are three months ahead of schedule on that," CEO Saeed al-Mazrooei told reporters on the sidelines of a conference in Abu Dhabi, adding that he expects strengthening global demand to absorb the company's increased output. Canadian engineering contractor SNC-Lavalin said in September that it had achieved the first hot-metal production from the expanded facility nearly three months ahead of schedule. Mazrooei said that Emal's production could...
China’s aluminum output in September held largely flat with August levels as no smelters cut production and no new capacity came online. China produced 1.86 million mt of aluminum during September, up 11.15% YoY, but flat with August levels. Output from January to September hit 16.21 million mt, a gain of 9.97% YoY, according to the CNIA. China’s aluminum imports during September spiked from a month earlier on larger room for LME vs SHFE arbitrage. China imported 54,000 mt of primary aluminum during September, up 34.37% YoY and 61.68% MoM. YTD imports through September totaled 207,300 mt, a drop of 53.15% from the same period last year. The SHFE/LME aluminum price ratio rose in Q3, especially in August and September, improving profit margins at Chinese aluminum importers and giving them...
LME aluminium may end its current moderate rebound around a resistance at $1,825 and then drop towards $1,790 per tonne. The rebound has been triggered by a support at $1,806, 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. Wave pattern shows the drop from $1,905.75 has adopted a five-wave mode, with the wave 5 likely to extend to $1,790, a level pointed by the lower channel line of a channel, which has been duplicated from the upper channel. The rebound is driven by a wave 4, which may travel a little bit further to $1,837 if it could go above $1,825.
Aluminium manufacturer Aleris International is selling 5083–H128, a newly developed aluminium alloy temper for marine applications. The alloy meets new standards for marine plate as specified in the American Society for Testing and Materials’ (ASTM) B928-13 standard, the company said. While exposure to elevated temperatures can increase the susceptibility of marine alloys to corrosion, Cleveland-based Aleris’ new process for developing marine plate temper demonstrates enhanced corrosion resistance in such conditions, the company said. Aleris is also looking into applying the H128 temper to other plate products, it said.
Century Aluminum Company reported a net loss of $9.5 million ($0.11 per basic and diluted common share) for the third quarter of 2013. Cost of sales for the quarter included a $5.8 million benefit for lower of cost or market inventory adjustments and an $11.7 million benefit for deferred power contract liability amortization. In the third quarter of 2012, Century reported a net loss of $12.0 million ($0.14 per basic and diluted share). Financial results were positively impacted by a net benefit of $4.1 million related to certain litigation items. Cost of sales for the quarter included an $8.2 million benefit for lower of cost or market inventory adjustments. Sales for the third quarter of 2013 were $399.9 million, compared with $304.6 million for the third quarter of 2012. Shipments of...
AMAG Austria Metall AG expects tough conditions again in 2014 as aluminium prices stay under pressure, it said on Tuesday, while reporting third-quarter core profit that beat market expectations. "The current level of uncertainty means it is still too early to make any definitive statements with regard to 2014. However, there are indications of a difficult operating environment ahead next year, with aluminium prices set to remain low and no sign of a let-up in the pressure on margins faced by Casting and Rolling divisions," it said in a statement. Its third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) fell 12.7 percent to 33 million euros ($44.6 million), beating the average estimate of 29.2 million euros in a Reuters poll of analysts. It reiterated its...
Aluminium d.d. Mostar from Mostar, Bosnia and Herzegovina, has commissioned an ingot casting line supplied by Hertwich Engineering, Austria. In addition to electrolysis metal, the company can now remelt and cast clean process scrap on the new line, thus increasing the flexibility and production capacity of the casthouse. The line comprises a melting/casting furnace and an air-cooled belt-type ingot caster for up to ten tons per hour with ingots weighting between seven and ten kilograms. Air cooling ensures very high metal quality with respect to the hydrogen content. In addition, high-silicon and other eutectic and hyper eutectic alloys can be efficiently cast. The downstream equipment includes automated stacking, packing and marking units.
Rio Tinto and Chinalco will explore a partnership to bring forward the next era of mining technology aimed at delivering significant value and re-shaping industry best practice. Rio Tinto chief executive Sam Walsh and Chinalco president Sun Zhaoxue captured their intent in a Memorandum of Understanding (MoU) signed in Beijing. Under the MoU, the parties aim to draw on their respective strengths to expedite the development of new mining technology and further develop Rio Tinto's Mine of the Future™ programme. The collaboration brings together Rio Tinto's acknowledged global leadership in partnering to deliver mining innovation with the resources and expertise of Chinalco's world-class research and development centres. The aim is to develop and deploy leading-edge technology to create safer...
Analysts at Goldman Sachs have argued that warehouse queues do not influence aluminium prices, rebutting complaints by users of the metal who have suggested the opposite. Long queues to take delivery of aluminium from London Metal Exchange warehouses have become the focus of a furious debate in recent months, triggering a series of complaints by metal users, criticism by senators and investigations by US regulators. Goldman, which owns one of the largest warehousing companies on the LME, has been named as a defendant in a number of class action lawsuits alleging its warehousing activities have pushed up aluminium prices. The bank has said the suits are meritless. Goldman’s analysts argued the queues had driven a dislocation between the price of LME futures and physical aluminium, but had...
Alba participates in the 17th International Arab Aluminium Conference & Exhibition (Arabal 2013) taking place from November 05 - 07, 2013 at the St Regis Hotel, Saadiyat Island, Abu Dhabi, UAE. Alba 's Chief Executive Officer, Tim Murray will join key members of other GCC smelters for a panel discussion. The company's participation underlines Alba 's commitment to foster strong links with smelters in the region and expand the global presence of Alba . Aluminium Bahrain B.S.C. ( Alba )'s status as one of the top aluminium producers in the region and the world was enhanced with its participation and sponsorship support for the 17th International Arab Aluminium Conference & Exhibition (Arabal 2013) taking place from November 05 - 07, 2013 at the St Regis Hotel, Saadiyat Island, Abu Dhabi,...
It's been a year since Alcoa Intalco Works signed a 10-year power supply deal and two years since management and employees reached a new labor contract, avoiding a potentially crippling strike. For years uncertainty about the power supply cast a shadow over Alcoa's future in Whatcom County. Having those issues settled has allowed the facility west of Ferndale to focus on becoming more efficient, continuing some environmentally friendly initiatives and reaching out to strengthen relationships with employees, said plant manager Barry Hullett. Aluminum manufacturing is strongly tied to global markets, however, and the current issues are leaving the remaining U.S. plants in a precarious position. Globally the market is in a strange situation where demand is increasing, but prices have hovered...
Sumitomo Corporation (SC) has entered into a share purchase agreement with Press Metal Berhad (PMB) for acquisition of a 20% share in the second phase of the aluminium smelting project in Sarawak, Malaysia (Capacity: 320,000 metric ton per year; Completion: the end of 2013) being developed by PMB through its 100% subsidiary, Press Metal Bintulu Sdn. Bhd. (PMBSB). SC already has a 20% equity in the first phase of the PMB's aluminium smelting project (Capacity: 120,000 metric ton per year). PMB is the leading integrated aluminium company in Southeast Asia and has been promoting vertical integration of its aluminium operations. SC deals with primary aluminium metals widely in Japan and other Asian markets. SC expects this enhanced partnership with PMB will benefit its long term growth...
The project to develop a 560,000 tonnes per annum calciner in Shandong, China - in which Dubai Aluminium (" DUBAL ") owns a 20 per cent stake as part of a joint venture with Sinoway Carbon Energy Holdings, Hong Kong - has been completed on schedule. So says Masood T Al Ali ( DUBAL 's Vice President: Supply and a Board Member of Sinoway Carbon), who advises that the new calciner was built in two equal phases of 280,000 tonnes each: Phase I was completed in May 2013, with Phase II being commissioned. Al Ali advises that DUBAL 's investment in the new venture - known as Sinoway Carbon Company Limited ("Sinoway") - is aligned with the company's strategy to expand its interests in the upstream (raw materials) sector as part of its overall commitment to long-term sustainability. " DUBAL 's...
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on November 11, 2013, to take on record the Unaudited Financial Results of the Company for the quarter ended September 30, 2013 (Q2). Shares of National Aluminium Company Ltd was last trading in BSE at Rs.35.65, down by Rs.0.80 or 2.19%. The stock hit an intraday high of Rs.36.80 and low of Rs.35.35. The total traded quantity was 1.64 lakhs as compared to 2 week average of 1.26 lakhs.
On the occasion of the Omani Women’s Day, Sohar Aluminium (SA) hosted a conference for the ladies working at SA, by Kamla Ali al Aufi, Chairman of the Entrepreneurs Forum in Chamber of Commerce and Industry (OCCI), member of the Oman Chamber of Commerce and Industry and the owner of two factories, one producing marble and granite and the other skincare products. Kamla also won the ‘Entrepreneur of the Year Award’ in 2009 and for a second time in 2013. Dana Geadah, SA Communications Manager stated; “When I had the honour to personally meet with Kamla, I was pleasantly surprised by her modesty and sincerity, and I was hoping that all my fellow working ladies can have the chance to meet with her as well, and listen to her inspirational success story and lifetime achievements”. Kamla accepted...
RHB Research has maintained its Buy call on Press metal with a higher fair value of RM3.77 from RM2.77 after its recent disposal of the loss-making Hubei smelter via an asset swap in exchange for a profitable extrusion unit. In a note on Monday, RHB said it lauds Press’ disposal of a 20% stake in Press Metal Bintulu SB (PMB) to Sumitomo for RM444mil. “This will cut Press’ gearing from 1.74 times to 1.2 times, giving rise to a RM336.4mil disposal gain. However, ongoing repairs at the Mukah smelter and weak aluminium prices may cap its share price. “The disposal consideration of PMB will be subject to certain adjustments. We are hopeful of a reward of not more than US$21mil upon finalisation of PMB’s FY18 accounts, which take into account certain production costs that are likely within...
