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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The Aluminum Association announced today a number of changes to its Board of Directors, including a new Chairman, Vice Chairman and members of the Board Class of 2016. In addition, the Association added two new member companies, AMCOR and Superior Flux and Manufacturing, bringing total membership to 97 companies, consisting of 49 producer and 48 associate members. The announcements were made during the Aluminum Association's 80th anniversary fall meeting at Nemacolin Woodlands Resort in Pennsylvania, where the industry celebrated aluminum as "the metal of modern life." Former Aluminum Association Vice Chairman Layle "Kip" Smith, President of Noranda Aluminum, was elevated to Chairman of the Association, replacing Pat Franc, President of Tri-Arrows Aluminum. Additionally, Garney B. Scott,...
Stocks of primary aluminum at the Fushiki Toyama port in northeastern Japan swelled to a record high of 41,000 mt at the end of September, a 24.2% increase compared with 33,000 mt a month earlier, Japanese sources said Wednesday. Stocks increased as Japanese trading houses and end-users built up inventories on the back of plans by Indonesia's Inalum smelter to discontinue monthly shipments to Japan from December onwards, trade and warehouse operator sources said. The 225,000 mt/year Inalum smelter is a joint venture between Japanese companies and the Indonesian government. The Indonesian government will take full ownership of the smelter when the joint-venture scheme expires later this month. The last shipment to Japan will leave Indonesia in November, traders said. Fushiki Toyama is the...
A Montenegrin court on Wednesday declared the country's sole aluminium plant and a top exporter bankrupt, paving the way for its sale to repay 380 million euros ($516.67 million) of debt. In its heyday in the late 1970s, Kombinat Aluminijuma Podgorica had 5,000 workers. With its workforce cut to a fifth and debt equalling 10 percent of the country's economic output, it has become a big burden for the government. "KAP will be sold as a whole or part by part, that is up to the creditors," said Dragan Rakocevic, who heads the commercial court in charge of the bankruptcy procedure. He said the selloff would start in 20 days. Last year KAP accounted for 30 percent of Montenegro's exports, down from 40 percent in 2011, but its business was kept afloat by big state subsidies and loans it could...
ALCOA'S miserable earnings from its global fleet of aluminium smelters in the September quarter has raised fresh concerns over the future of the loss-making Point Henry smelter at Geelong and its 500 local jobs. In an earnings call in the US on the third-quarter result, Alcoa chairman and chief executive Klaus Kleinfeld told analysts that despite already having idled 16 per cent of its high-cost global smelting capacity, Alcoa would continue to look at ways to reduce its exposure to higher-cost operations. Point Henry is one of the oldest smelters in the Alcoa network and was saved from closure in June last year only when the federal and state governments handed over a combined $44 million of taxpayers' money. The $44m injection came with a promise from Alcoa to keep the smelter going for...
Slovalco has signed a long-term electricity supply contract with power utility Slovenské Elektrárne (SE). Slovalco, the Slovak aluminium producer, wants to achieve such total price of electricity which is its most important expenses item that would equal the level of other European producers. “Given the significant decline in the selling price of aluminium, electric-power price is a determining factor in price competitiveness of a manufacturer in a global context,” the company said, as quoted by the SITA newswire. “The contract provides for the supply of electricity to the aluminium smelter, totalling 19 terawatt-hours for a period of eight years, from 2014 to 2021," Slovalco informed SITA on October 8. The company did not want to specify the price of electricity. “The price is a...
Researchers at Oregon State University and the University of Oregon today announced a scientific advance that has eluded researchers for more than 100 years -- a platform to study and fully understand the aqueous chemistry of aluminum, one of the world's most important metals. The findings, reported in Proceedings of the National Academy of Sciences, should open the door to significant advances in electronics and many other fields, ranging from manufacturing to construction, agriculture and drinking water treatment. Aluminum, in solution with water, affects the biosphere, hydrosphere, geosphere and anthrosphere, the scientists said in their report. It may be second only to iron in its importance to human civilization. But for a century or more, and despite the multitude of products based...
The woes of Vedanta, which has invested Rs 45,000 crore in the aluminium and power sectors in Odisha, is not limited to the denial of bauxite from the Niyamgiri hills for its Lanjigarh refinery alone. While all the attention is focused on the agitations against bauxite mining at Niyamgiri, another high-value investment of the company, a 1.25-million-tonne aluminium smelter of Vedanta Aluminium (now Sesa Sterlite Ltd) at Jharsuguda, has suffered for the last two years thanks to the reluctance of the state government to grant it special economic zone (SEZ) benefits. The work on this smelter, built as an SEZ unit at a cost of Rs 25,000 crore, was completed in 2011. Sources said the combined loss to the company because of stunted operations of the Lanjigarh refinery due to lack of adequate...
Russia's United Company Rusal, the world's largest aluminium producer, is urging the London Metal Exchange to leave its controversial warehousing rules unchanged or risk damaging the whole market, Deputy CEO Oleg Mukhamedshin said on Tuesday. The LME, the world's biggest marketplace for industrial metals trading, has proposed rules that would force warehouses to release more stocks than they take in if delays of more than three months build up. Rusal and U.S.-based Alcoa have already called on the LME to release more detailed data on long and short positions as well as inventories, and both want the exchange to delay a decision. The metals warehousing business has stoked controversy as warehouse firms have made money by building up stocks and allowing queues to grow for clients seeking to...
Aluminium major Hindalco Industries witnessed a phenomenal rise of over 44 per cent in less than three months along with other metal counters. The rally has been mainly due to reports of pick up in economic activity in China and hopes of recovery in the US and Europe. According to analysts, Hindalco may benefit from its Novelis business, but back home slow domestic demand may play a spoilsport. Two brokerages have recently come out with bullish and bearish recommendation on the stock. The recent one is by CLSA which has downgraded the stock to 'Sell' and sees over 20 per cent downside. Last month, JP Morgan had maintained its Overweight rating on the stock and increased target price to Rs 155, from earlier Rs 144. CLSA is of the view that the company's Mahan and Aditya aluminium smelters...
Former Dow Industrials member Alcoa (AA) unofficially kicked off earnings season on a cautiously optimistic note on Tuesday by swinging to a stronger-than-expected third-quarter profit despite a 7% drop in aluminum prices. Shares of the Pittsburgh-based aluminum maker, which was recently booted from the blue-chip index, rallied about 2% on the earnings beat. The results highlight Alcoa’s efforts to slash costs and reduce capacity in an effort to improve its bottom line. Alcoa said it earned $24 million, or 2 cents a share, compared with a loss of $175 million, or 13 cents a share, a year earlier. Excluding one-time items, it earned 11 cents a share, easily beating forecasts from analysts for 5 cents. Revenue slipped 1.2% to $5.77 million, but that still managed to exceed the Street’s view...
Sitting on rich resources of bauxite and coal, Odisha is an ideal centre to produce aluminium, the domestic demand for which is to continue to grow at an annual rate of at least eight per cent. Odisha has a share of 1.81 billion tonnes (bt) of the country's bauxite deposits of about 3 bt. The state also has coal deposits of 65.23 bt. This will explain why besides the ideally integrated 81 per cent government-owned National Aluminium Co (Nalco), Hindalco and Vedanta are seeking major capacity growth in Odisha, braving many odds. Nalco chairman Ansuman Das says to what extent the Odisha-linked ambitions of aluminium makers, including his own company, is realisable will "depend on the opening of new bauxite mines after securing all statutory clearances. Equally important, aluminium should be...
Glencore, one of the global giants in commodities trading, buys Venezuelan aluminum in dollars but also in Venezuelan bolivars, at the official exchange rate, the most favorable. How does it do it? Glencore's representatives in Venezuela buy most of the aluminum the Venezuelan Corporation of Guayana (CVG) produces for the foreign market. In parallel, the firm also purchases a part of the products the Venezuelan government has to sell, pursuant to the law, in the domestic market, only to companies registered in the country, and at the official exchange rate. Some Glencore representatives in Venezuela are simultaneously officers of other private firms buying products from state-run companies Bauxilum, Venalum and Alcasa, among other Venezuelan basic industries. In this way, the executive...
CME Group, the world’s largest futures exchange, will launch an aluminium contract to challenge the London Metal Exchange’s dominance of the largest base metals market as it suffers a storm of public criticism. Harriet Hunnable, head of metals at the Chicago-based group, said its plans for an aluminium contract were “very progressed”. “Customers want a futures contract that is a viable alternative to other contracts available today,” she told the FT on the sidelines of LME week, the largest annual gathering of the metals industry. The LME’s aluminium contract – the global benchmark for the $90bn market – has been at the focus of a wave of criticism of the exchange due to long queues to take delivery of the metal from some of the exchange’s network of warehouses that have helped create a...
The Aluminium Association of Canada (AAC) and Canadian International Aluminium Conference (CIAC) inform that, further to the request of many industry leaders, the keynote conferences and speakers presentations of the CIAC have been postponed until the spring 2014. All other planned events remain in place. The Aluminium Association of Canada (AAC) invited representatives of major Companies and Organizations of the international aluminium industry to the first Canadian International Aluminium Conference (CIAC) at the Palais des congrès de Montréal. The Exhibition will take place on the same date as on October 22nd, 23rd and 24th. Recap of the program: INALCO Conference - October 21st And 22nd Exhibition - October 22nd, 23rd, 24th Aluminium Association of Canada (AAC) Annual Reception -...
The DUBAL Noor, Enterprise Business Intelligence, Program developed in-house at Dubai Aluminium, DUBAL, the state-owned corporation that owns and operates one of the world’s largest single-site aluminium smelters, has been recognised internationally at this year’s CIO 100 Awards, which were presented during the 2013 CIO 100 Symposium, held mid-August in Colorado Springs, Colorado, USA. Designed to empower business excellence by providing appropriate intelligence for informed decision-making, the DUBAL Noor Program leverages advanced data analytics tools to reveal key information to users across the business, adding immense value to the business in the process. The annual CIO 100 Awards are presented to the top 100 organizations, and their employees, that use information technology,...
Equities research analysts at Morgan Stanley reduced their price objective on shares of Century Aluminum from $10.00 to $9.00 in a research note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 13.21% from the stock’s previous close. CENX has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Century Aluminum from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $8.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Century Aluminum in a research note to investors on...
LME aluminium may climb into a range of $1,866-$1,878 per tonne, driven by a wave c. This is the third wave of a three-wave cycle that developed from the Sept. 17 low of $1,775.50. It may eventually travel to $1,898, its 100 percent Fibonacci projection level. However, there is a resistance zone of $1,866-$1,878 to block the way towards $1,898. The zone has been formed by the 61.8 percent and the 76.4 percent projection levels. A drop below $1,837 would signal a premature completion of the wave c, and the Oct. 4 low of $1,813.75 could be revisited. 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 mentioned...
Bosnia's sole aluminium smelter and top exporter Aluminij Mostar has listed its shares, opening the way for trade in the stock after a rescue deal for the major employer and mainstay of the economy. The company was able to list its shares after a new ownership structure was registered by the securities commission in September. That ended a 17-year-old dispute dating back to the end of Bosnia's 1992-95 war. All the company's 190,110 shares were listed on the bourse at a nominal value of 1,000 Bosnian marka ($695.4) each, the Sarajevo Stock Exchange (SASE)said in a statement. Aluminij's operations in the southern Mostar area employ 900 people directly and thousands more indirectly. It accounts for half of metals sector output, which in turn provides more than half of the country's national...
