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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One of Century Aluminum's key senior management members has resigned. Steve Schneider was senior vice president, controller and chief accounting officer for Century. He joined the company in April 2001 and had been vice president and corporate controller. He was named chief accounting officer in 2006. Century Spokesman Mike Dildine said Oct. 14 Schneider "left the company to pursue other opportunities." Before he joined Century, Schneider worked in a number of management positions with Alcoa, Inc., according to Century's website which also states Schneider is a Certified Public Accountant who has a MAABS degree from Bastyr University and a BA degree from Marietta College.
Century Aluminum Company will report third quarter 2013 earnings on Monday, November 4th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Monday, November 4th at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call.
China's State Council, the country's cabinet, is tackling production overcapacity, Xinhua reported Tuesday citing the government's website. The 'Guideline to Tackle Serious Production Overcapacity' lists five prime sectors with serious overcapacity: cement, electrolytic aluminium, sheet glass, shipping and steel. The move is key to achieving stable growth and upgrading the Chinese economy. The guideline lists tasks to deal with overcapacity in each sector: new projects expanding capacity are forbidden, projects under construction should be reappraised, illegal capacity should be cleared up, outmoded capacity should be eliminated in an orderly way, and efforts should be made on standards and admittance. Core technology and enterprise management must make breakthroughs to deliver growth...
US service centers shipped 121,700 mt of aluminum products in September, up 8.2% compared with September 2012, the Metals Service Center Institute said Tuesday. Aluminum shipments in the first nine months of 2013 totaled 1.122 million mt, 3.4% below the same period last year, MSCI said in a statement. Inventories of aluminum products were 362,700 mt at the end of September, a decrease of 3.7% compared with September 2012. MSCI said that at the current shipping rate, this represents three months of aluminum inventory, down from 3.3 months a year ago. It also said 12,400 mt of aluminum products were shipped by Canadian service centers in September, 1.1% higher than in the same month last year. Canada's aluminum shipments in the first nine months of 2013 were 117,400 mt, 3.4% below 2012....
Brazilian aluminium exports increased 3% year-on-year in September after a slight growth in volumes sent to Asia. Volumes sent abroad totalled 39,567 tonnes, from 38,396 tonnes in September 2012. Revenues in the month totalled $76.01 million, compared with $70.75 million a year ago. Exports from January to September amounted to 328,213 tonnes, down 11.5% year-on-year. Japan was the main buyer with 18,835 tonnes, a 3% increase year-on-year. The Netherlands acquired 5,042 tonnes, from no purchases a year ago. In addition, 14,967 tonnes were sent to Switzerland in the same month.
China’s power rate cuts from this month pose further downside pressure on aluminium prices, Shanghai Metals Market foresees. China’s National Development and Reform Commission (NDRC) cut on-grid power tariffs – prices paid to power producers by the State Grid Corp. of China, effective from this month. For instance, on-grid power tariffs at power plants run by Jiangxi Ganneng Co. were cut by 0.01 yuan/kwh to 0.4752 yuan/kwh from Wednesday, October 9. As electricity prices which industrial consumers are charged remain unchanged, aluminium smelters using electricity from the state grid remains unchanged too. However, a growing number of aluminium smelters in China have built self-run power plants. Power plants are expected to argue for lower coal prices given a supply surplus of steam coal...
The Management of Aluminium Smelter Company of Nigeria (ALSCON) at Ikot Abasi in Akwa Ibom state has pleaded with the Federal Government to link its internally generated gas fired electric power plant to the national grid as it could serve as an important backup of electricity supply to the smelter in the event of gas interruption. Briefing newsmen yesterday in Uyo, the Smelter Director of public Relations, Mrs Tatyana Smirnova, said that evacuating power from the plant could also facilitate Alscon’s integration into nation’s power thereby contributing to the electricity supply in the country. She disclosed that the Smelter gas fired plant with an install capacity of over 540 MW C is capable of satisfying electricity need of the company and even give out the excess power available to the...
Aluminium futures prices fell by 0.40% to INR 112.85 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40%, to INR 112.85 per kg, with a business turnover of 104 lots. The metal for delivery in November also shed 30 paise, or 0.26%, to trade at INR 114.50 per kg in a turnover of 4 lots. Marketmen said a weak trend overseas as US Senate leaders struggled to draft an accord to increase the debt limit and avert a default before a deadline this week and an unexpected decline in China's exports fuelled concerns that demand may weaken from the world's two biggest users, mainly put pressure on aluminium prices at futures trade here.
Vedanta Resources PLC issued a circular Monday, that seeks to extend shareholder support for its proposed purchase of the Indian government's minority stakes in Indian zinc producer Hindustan Zinc Ltd. and aluminum company Bharat Aluminum Co. Ltd. Vedanta called upon its shareholders to back a spending limit on the combined purchase of a 29.5% stake in Hindustan Zinc and a 49% stake in Balco to $3.482 billion or no more than $487 million for just the Balco stake. This compares to a previously expired spending limit of no more than $3.379 billion for the two combined stakes or no more than $550 million for just the Balco stake. That spending limit expired in August. Vedanta exercised options to buy out the remaining shares it doesn't already own in Balco and Hindustan Zinc in 2004 and...
In the production of primary aluminium IKB Deutsche Industriebank, Düsseldorf, Germany, expects global growth to more than 46 million tonnes for 2013. The IKB presents this assessment in its current report on price trends for commodities in October 2013. According to the IKB, primary aluminium production until the end of August 2013 was strongly defined by expansion in China (+10 %), which compensated for declines in other regions. Warehouse stocks at the LME last amounted to almost 5.4 million tonnes, and those at the SHFE roughly 0.23 million tonnes. Investors had expanded their contracts by around 30% in expectation of price increases. However, warehouse stocks would limit the potential for price increases, according to the IKB. Also according the IKB, world commodities experienced a...
Ohio Governor John Kasich suggested Monday that bankrupt Ormet Corp.'s troubles are tied mainly to the weak global aluminum market, and that the state has provided more than its share of financial aid to the embattled US aluminum producer. Kasich, a first-term Republican, did not respond specifically to pleas by the United Steelworkers union last week that he personally intervene in a last-ditch effort to save Ormet and its 260,000 mt/year Hannibal smelter. All six potlines at the smelter in southeastern Ohio are now idled in the wake of the Ohio Public Utilities Commission's October 3 decision to approve only a portion of the electricity rate relief sought by Ormet. "Ohio wants to see Ormet succeed and has provided more than $300 million in support to the company," Kasich said in a...
Creditors of insolvent German aluminium plant Voerde Aluminium voted to extend production to the end of next year while the search for a buyer continues, a spokesman for Voerde's insolvency administrator said on Monday. The Voerde smelter, which makes about 10 percent - or 115,000 tonnes - of Germany's yearly aluminium output a year, declared insolvency in May 2012. The plant in the state of North Rhine-Westphalia employs about 280 staff. Uncertainty about energy policy after Germany's inconclusive general election in September was an added difficulty, said the spokesman for insolvency administrator Frank Kebekus. Germany's metals industry association WVM has said the Voerde case illustrates the danger to metal output from high electricity prices, which are among Europe's most expensive...
The joint participation of Dubai Aluminium and Emirates Aluminium at the 3rd Aluminium Technologies, Machinery and Products Trade Fair ("ALUEXPO 2013") - which took place in Istanbul, Turkey from 3 to 6 October 2013 - achieved its overall objectives. Awareness was raised of the two primary aluminium smelters' strong geographic position to serve the growing markets in Eurasia, with the ultimate aim of increasing market share in the manufacturing and construction sectors while continuing to serve the manufacturers of automotive parts in the region. Specific emphasis was thus placed on promoting the two businesses' combined portfolio of premium purity, high quality value-added products, which comprise high purity sow and ingot, extrusion billet, foundry alloy, bus bar and anode bar, and...
LME aluminium is expected to break a support at $1,862 per tonne and fall further towards $1,842, as it has completed a rebound from the Sept. 17 low of $1,775.50. The completion has been indicated by aluminium's repeated failure to break a resistance at $1.883, which is provided by the 61.8 percent Fibonacci retracement on the fall from the Aug. 19 high of $1,949 to $1,775.50. Further indication on the completion has been given by the wave structure on the rise from the Oct. 4 low of $1,813.75, which consists of five small waves labelled 1, 2, 3, 4, 5. A break above $1,883 will open the way towards $1,908, the 76.4 percent retracement.
Zacks upgraded shares of Noranda Aluminum Holding Corp. (NYSE:NOR) from an underperform rating to a neutral rating in a research note released on Tuesday morning, Stock Ratings Network reports. They currently have $2.40 target price on the stock. A number of other analysts have also recently weighed in on NOR. Analysts at Morgan Stanley cut their price target on shares of Noranda Aluminum Holding Corp. from $3.75 to $2.50 in a research note to investors on Monday. Separately, analysts at Sidoti initiated coverage on shares of Noranda Aluminum Holding Corp. in a research note to investors on Tuesday, September 17th. They set a buy rating on the stock. Finally, analysts at Merrill Lynch downgraded shares of Noranda Aluminum Holding Corp. to an underperform rating in a research note to...
Saudi Arabian Mining Company (Ma'aden) and Sahara Petrochemical Company (Sahara) announced that their affiliate SAMAPCO has completed exportation of its first sea shipment of ethylene dichloride and caustic soda. The shipment consisted of 10,000 metric tons of ethylene dichloride and 5,000 metric tons of caustic soda and left King Fahad Industrial Port at Jubail. SAMAPCO is a joint venture project between Ma’aden (50%) and Sahara (50%). The SAMAPCO plant will annually produce 300 thousand metric tons of ethylene dichloride and 250 thousand metric tons of caustic soda. SABIC will be the prime marketer for ethylene dichloride and caustic soda. However, future caustic soda production from this joint venture shall be used in Ma’aden alumina refinery at Ras Al Khair, which will commence...
The Middle East will produce 5 million tonnes of primary aluminium by 2015, compared with 3.7 million tonnes in 2012, according to the Gulf Aluminium Council (GAC). The region will produce 1.8 million tonnes of value-added aluminium products, compared with 1.2 million tonnes in 2012, Mahmood Daylami, the GAC's secretary general, told delegates at Metal Bulletin’s 3rd Asian Bauxite and Alumina conference on Wednesday October 30. “Out of the total primary aluminium produced in the Gulf Co-operation Council states, 70% is exported to international markets and 30% to downstream markets, which export 50% of their products,” he said. The GCC currently imports about 8 million tpy of alumina, and that is likely to rise to 10 million tpy by 2015, he added. Only Saudi Arabia has reserves of bauxite...
Aluminium producer says the exchange's 'irresponsible' move to overhaul warehousing has led to confusion and a drop in premiums. Global aluminium premiums have fallen because of "confusion" over the London Metal Exchange's proposal to overhaul its warehousing policy, Alcoa chief financial officer William Oplinger said. Premiums paid on top of the LME benchmark price had fallen 17 per cent in Europe, 4 per cent in Japan and 11 per cent in the United States in just three months after the proposal was announced on July 1, Oplinger said. The comments came as Alcoa chairman and chief executive Klaus Kleinfeld lashed out at the LME's latest proposal to solve a year-long crisis that has damaged the exchange's reputation and cost industrial users billions of dollars in additional expenses....
