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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Some 29,600 tons of aluminium ingots were produced in Iran during the sixth calendar month (August 22 - September 22). The figure shows 6.5 per cent increase compared to the same month of the previous year, the ISNA News Agency reported. Iran's aluminium ingot output stood at 178,000 tons in the first six months of the ?current Iranian calendar year, which started on March 21. It was previously announced that Iran plans to increase its annual aluminium ingot production capacity up to 910,000 ?tons by the end of the Fifth Five-Year Economic ?Development Plan (March 2016). According to the Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Ja'fari, Iran's current consumption of aluminium per capita stands at 4.5 kilogram, while the world aluminium consumption per capita...
Under the impact of rising virgin aluminum prices, Nanshan Aluminum announced on October 22 that considering the bauxite export restriction of Indonesia to China, the company intends to build factories in Indonesia to insure supply and is conducting preliminary research. But the feasibility of the project and the content of construction work are yet confirmed. Some foreign media reported that Nanshan Aluminum plans is looking to building a comprehensive aluminum plant with $ 5 billion in Bintan, Indonesia. The plant, to be completed in three years, will produce alumina ingots with local bauxite. The annual production capacity of aluminium oxide will be 2.1 million tons and that of alumina ingots will be 530,000 tons. The first half of 2013 has witnessed expanding difference between...
Aluminium Bahrain B.S.C. (Alba)'s continuing success in bolstering a learning culture across all levels of the organisation combined with steps taken towards strengthening the professional development of its national workforce were outlined in the Alba Training Review H1 2013 that was officially distributed to employees and other stakeholders on Wednesday, October 23, 2013. The Alba Training Review H1 2013 is based on a report presented to the Alba Board of Directors during the third quarterly Board meeting for the year 2013. The report gives an overview of the core objectives of the Training & Recruitment Department. It further expands on some of the training programmes initiated in 2013 such as, the Executive Education Series; Soft Skills Series; Technical Training; Safety, Health...
The first part of the Canadian International Aluminum Conference (CIAC) ended yesterday and more than 1,100 participants took in an exhibition as well as training sessions and conferences sponsored by the International Aluminum Conference (INALCO) and AluSolutions at the Palais des congrès de Montréal. More than 70 exhibitors from Asia, Europe and North America were present to demonstrate their know-how and expertise in all facets of aluminum processing. "This first initiative on Canadian soil has been a resounding success. Over four days, participants networked, broadened their technical skills and tapped countless business opportunities" says Jean Simard, President and General Manager of the Aluminum Association of Canada, which organized the event. Next meeting in June 2014 The second...
A New study has highlighted the significant social and economic contribution Boyne Smelters makes to Australia, Queensland and the Gladstone region. The study found Boyne Smelters contributes more than $1.4 billion annually to Australia's gross domestic product, with more than half of this economic benefit going to the Gladstone region. The study also found the smelter employs about 1000 people, and indirectly supports about 6700 jobs nationally with 3000 of these jobs in the Gladstone region. Key findings from the study were released at the tenth annual Gladstone Engineering Alliance Major Industry Conference presented by Golding Contractors. Speaking at the conference, Boyne Smelters general manager Joe Rea said everyone working at Boyne Smelters was proud of the social and economic...
Former and current employees of the Aluminum Plant Podgorica (KAP ), who are entitled to retirement , will block on November 4, exports of aluminum, if the issue of their retirement is not solved until then.A representative of the workers, Radovan Toškovic says that workers don’t know what will happen until then, adding that they have decided to block the export of aluminum . He said that their lawyer Zoran Piperovic didn’t meet the Economy Minister , Vladimir Kavaric , as previously announced, adding that he doesn’t know when this meeting should be held . According to him, the workers think that the current situation is caused by the chief management of KAP, Nebojsa Dozic . " Dozic blocks agreement between Government , KAP and workers with his statements and ignorance. We will not allow...
Rusayl-based power cables manufacture Oman Cables Industry (OCI) has reiterated its backing for the proposed expansion of its subsidiary, Oman Aluminium Processing Industries Limited LLC (OAPIL). OAPIL, based in Sohar Industrial Estate, is a joint venture between Oman Cables Industry and Takamul Investment Company, a downstream start-up company majority owned by Oman Oil Company. The plant utilizes molten metal from Sohar Aluminium to produce aluminium and alloy rods, as well as overhead transmission line conductors. Plant capacity is currently pegged at 48,000 tons per annum of products. In a filing to the Muscat Securities Market (MSM) on Thursday, Oman Cables Industry stated: “Further to the Company’s [public disclosure dated 24 July 2012] regarding OAPIL’s Expansion Project, the...
SECO/WARWICK has received an order for an aluminium annealing furnace that features a simple, compact design and an innovative loading system that does not require power. The furnace is for an Italian company operating in the heating market. The contract includes the supply of a furnace for annealing of aluminium tubes along with the control system, supervision of installation, commissioning, transfer devices and staff training. The simple design of the furnace ensures reliability and low operating costs. A unique system for loading and unloading does not require electricity and can be operated manually by one person. The compact design does not require expensive foundations and permits the furnace to be placed directly on a shop floor. Also, the furnace can be relocated without complete...
Aluminium prices traded marginally higher by 0.27 per cent to INR 113.20 per kg in futures trading today as speculators created fresh positions after pick up in demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in November edged up by 30 paise, or 0.27 per cent, to INR 113.20 per kg in business turnover of 29 lots. Similarly, the metal for delivery in October traded higher by 25 paise, or 0.23 per cent, to INR 111.25 per kg in 533 lots. Market analysts said fresh positions created by speculators after pick up in demand in the spot market, mainly led to rise in aluminium prices in futures market.
The Hong Kong listed aluminum giant Chalco said it is transferring its stake in an iron ore venture to its parent company Aluminum Corp of China Ltd., to improve its capital structure. Chalco Hong Kong Ltd plans to dispose 65 percent of an equity interest in Chalco Iron Ore Holding Ltd., to Aluminum Corp of China Overseas Holdings Limited, a wholly-owned subsidiary of Chalco for $2.067 billion, according to a filing to the Hong Kong Stock Exchange. The Hong Kong-based company is expected to profit by 5.4 billion yuan from the disposal. The proposal is subject to mutual agreement between the two parties. The Simandou-based iron ore project in Guinea, West Africa, is a large-scale project that requires long-term investment, Chalco said, so it needs to its reduce capital debt ratio and...
Brazil’s aluminium output fell 10.1% year-on-year in September, following production curtail announcements in the country. This was down from 117,300 tonnes in the same month of 2012. In the January-September period of this year, production fell 8.5% compared with the same period in 2012, totalling 993,800 tonnes. In August 2013, Brazil’s aluminium production stood at 111,600 tonnes. Domestic aluminium consumption, by contrast, is expected to end 2013 with a 3.7% increase.
Meridian shares will be issued at a listing price of $1.50, the bottom of the indicative range of $1.50 to $1.80 and with a much smaller investor pool than the government had hoped for. Some 62,000 New Zealand investors put their money into Meridian, despite huge efforts through advertising and the structure of the offer to attract retail "Mum and Dad" investors, compared with 113,000 for MightyRiverPower, which listed in May at $2.50 a share, but has traded down to $2.20 since. The float will raise $1.88 billion after the two instalment payment programme completes in May 2015. "Bear in mind the circumstances," said Finance Minister Bill English at a mid-evening press conference at the Beehive. "We have the impression a lot of Mum and Dads were scared off by the Labour-Greens policy" as...
LME aluminium is expected to consolidate in a range of $1,840-$1,860 per tonne, as indicated by its wave pattern and two trendlines. The drop from the Oct. 22 high of $1,891.25 is labelled as a wave c, the final wave of a three-wave cycle that developed from the Oct. 11 high of $1,890. Five small waves will make up the wave c, with the weak rebound from the Wednesday low of $1,840 classified as a wave 4, to be followed by a downward wave 5. Two trendlines respectively rising from the Sept. 17 low of $1,775.50 and the Oct. 16 low of $1,825.50 have defined the range of the volatility. The likely scenario will be aluminium ending its rebound around $1,860 and then falling towards $1,840 .
Akwa Ibom State of House Assembly yesterday passed a resolution calling on the Bureau of Pubic Enterprises, BPE, to take over the plant and assets of the Aluminium Smelter Company of Nigeria, ALSCON. The resolution followed alleged recent case of looting of ALSCON assets by RUSSAL. While bringing the matter before the House under matter of urgent public importance, the member representing Ikkot Abasi/ Eastern Obolo, Mr. Aboh Udoyork, said ongoing assets stripping of ALSCON by RUSAL, which was supposed to transform it into national productive assets for job creation and foreign exchange earnings, was a deliberate attempt to further undermine Nigeria’s effect to transform her economy into a big player in the world. He said: “Following the systematic cannibalisation of the plant, community...
Two of the world’s largest aluminum makers reaped an estimated $1.4 billion in revenues from higher fees amid a logjam at London Metal Exchange warehouses, according to an analysis by The Wall Street Journal. The two companies, Alcoa Inc. and United Co. Rusal, have emerged as some of the most vocal opponents of an LME proposal aimed at easing bottlenecks at warehouses. Many analysts say the fees, known as “premiums” to industry insiders, are likely to shrink from record levels if the new warehouse rules are implemented. While the holdups at warehouses have allowed their operators to charge more in rent, the delays also have contributed to a rise in the premiums aluminum makers charge for delivering the metal, analysts say. Since early 2011, aluminum premiums have jumped, mirroring the...
Deutsche Bank said that the aluminium market remains “more pain, before the cure”. That means weaker pricing in the near-term, to force further producer discipline, but we think the outlook has started to improve modestly. UC RUSAL’s update on their capacity closure plans went further than we had factored into our supply – demand assessment. “Adjusting for this announcement, we see a market in a modest surplus position over the next three years; 460kt in 2013E, and 230kt in 2014 and 2015E. Although Alcoa have not given a detailed impact assessment from the pot instability at Ma’aden, we have trimmed our forecasts very modestly for 2013 and 2014. We had already reduced our surplus forecasts in anticipation of further “unallocated” cuts some of which now been accounted for by RUSAL - we...
Brazilian aluminium producer Alloys Representações Comerciais, Norsk Hydro subsidiary Albras and Pará state government have signed a commitment to future investments in the local aluminium production chain, Metal Bulletin understands. Alloys intends to build a billet operation in the state, as well as an extruded products plant and an aluminium recycling facility, and Albras will be its primary aluminium supplier, according to information published by state official news agency Agência Pará. The project will be developed over the next three years. Other investments will focus on the production of aluminium for steel de-oxidation, secondary alloys and aluminium powder from scrap, according to the news agency. Investments in the billets and steel de-oxidation lines are estimated at $100...
Asian aluminium premiums have been steady ahead of the LME warehousing rule change and with contract talks for 2014 still to start. “[The market is] still very quiet. We are supposed to start talks for next year’s contracts but it’s an uncertain situation because of the [impending changes to] LME rules,” a trader from Japan said. The aluminium mating season has moved this year as consumers are adopting a wait-and-see approach before booking any 2014 material. “We have to settle [annual contracts] by November, so there is still time,” the trader added. The main Japan ports cif spot premium for aluminium is at the same levels as the fourth-quarter MJP cif of $245-247 per tonne. “Not so many trades have been done recently as the market is watching for the LME rules,” a second trader source...
