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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Brazil’s aluminium output fell 7.8% year-on-year in August with high domestic energy costs and low metal prices discouraging new investments in primary production. Production stood at 111,600 tonnes in August, compared with 121,000 tonnes in the same month in 2012, according to figures released by Brazilian aluminium association Abal. In the January-August period, production fell 8.3% in comparison to the same period in 2012, totalling 888,400 tonnes. Domestic aluminium demand is expected to end 2013 with a 4.1% growth in comparison to the year before, driving up imports in the medium to long term. “With curtailed production and increasing internal demand, Brazil is to become an importer of aluminium,” a company executive told Metal Bulletin. In August, Alcoa announced it will temporarily...
The clusters of non-ferrous metallurgy and transport machine building are being created in northern Kazakhstan, akim (governor) of Pavlodar oblast (province), Yerlan Aryn said on Friday. "We will build a cluster of non-ferrous metals on the basis of the Pavlodar aluminium and electrolysis plants," the Aryn said, speaking at a press conference at the Central Communications Service under the President of Kazakhstan. According to him, a complete production chain is built with the creation of non-ferrous metal cluster - from production of bauxite, alumina and the primary aluminium to production of aluminium products. "This is the fourth and fifth redistributions of production. At a cost of about $2,000 per ton of aluminium we will sell the final product for $4,000," Aryn said. According to...
Organisers announced today that entry to the AluSolutions 2013 conference and exhibition taking place in Montreal later this month will be free-of-charge for all attendees. The event will take place at the Palais des congrès in Montreal, Canada during 22, 23 & 24 October 2013. The conference offers a platform for industry leaders to share their innovations, knowledge and insight and the exhibition will showcase more than 70 leading international suppliers of equipment, technology and services to the global aluminium industry.
The Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi Local Government Area of Akwa Ibom says it is losing 6.1 million US dollars monthly due to high cost of production. Mrs Tatyana Smirnova, its Director of Public/Government Relation, disclosed this to the News Agency of Nigeria (NAN) on Monday at Ikot Abasi. “Each tonne of aluminium produced at ALSCON results in a loss of 886 dollars which leads to monthly loss of 1.6 million dollars by the plant. “At present, aluminium industry globally is going through one of the toughest periods in its history,” she said. The spokesperson said that price of aluminium had continued to decline globally, noting that currently the price of aluminum stood at slightly over 1,700 dollars per tonne. “At the current price of below 1,800 dollars,...
Norsk Hydro ASA's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Power Purchase Agreement (PPA) for power supply with Slovenské Elektrárne. Following signing of a Letter of Intent for power supply, announced on July 18, Slovalco has entered into a PPA for electricity supply in the period 2014 to 2021. The power contract is the most important element in securing the total power framework for Slovalco, while securing other elements, such as grid cost, are in process. Slovalco is a fully consolidated aluminium smelter in Hydro, owned 55% by Hydro Aluminium AS. Slovalco has an annual production capacity of approximately165,000 metric tons of primary aluminium.
UC RUSAL, a leading, global aluminium producer, announces that it has deployed a new dry gas scrubbing system at its Novokuznetsk aluminium smelter. The new gas treatment equipment will ensure that potroom emissions at the site (phase 2) are absorbed. The overall budget for the project was RUB 120 million, of which RUB 11 million was raised in line with Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change. The funding was secured through reducing perfluorocarbon (PFC) emissions at NkAZ by increasing efficiency and the reduction of the frequency and duration of anode effects. The new scrubbers ensure 99% off-gas purification efficiency which allows NkAZ to move to nearly zero waste production. Using alumina as an adsorbent for the fluorides in the pot gas...
City-based SM Consultants has been engaged to prepare the lay-out plan for the aluminium park at Angul being developed jointly by National Aluminium Company (Nalco) and Odisha Industrial Infrastructure Development Corporation (Idco). A special purpose vehicle called Angul Aluminium Park Pvt Ltd (AAPPL) has been formed to set up the aluminium park. In the SPV, Idco has 50.5 per cent equity while the balance 49.5 per cent is held by Nalco. So far, 132 out of 200 acres of land needed for the park has been acquired. The park located close to the smelter of Nalco, will promote ancillary and downstream industries in the aluminium sector. The aluminium park has attracted investments worth Rs 631 crore even before taking a physical shape. Two industries — Midal Cables and Metal Powder Company Ltd...
Iran's aluminum ingot output stood at 178,939 tons in the first half of the current Iranian calendar year, the IRNA News Agency reported. The amount shows 6.6 per cent increase in comparison to the same period of last year. Some 29,632 tons of aluminium ingot were produced in Iran during the sixth calendar month (August 22 -- September 22), which is 6 per cent more than the previous year. It was earlier announced that Iran plans to increase its annual aluminum ingot production capacity up to 910,000 tons by the end of the Fifth Five-Year Economic Development Plan (March 2016). According to Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Ja'fari, Iran's current per capita consumption of aluminum stands at 4.5 kilogram, while per capita aluminum consumption worldwide now...
In order to boost electricity supply in the country, the current operator of the nation’s premier Aluminum Smelter Company of Nigeria (ALSCON), in Ikot Abasi, Akwa Ibom State, UC RUSAL, has affirmed its readiness to inject approximately 360 mega watt annually to the national grid. However, the Director, Public and Government Relations Department of ALSCON, Tatyana Smirnova, yesterday said that this could only be possible or achieved if the company was connected to the national power grid. The company noted the huge demand for electricity estimated at 40,000mw, annually in the country, but with only 4,517mw capacity available, saying presently ALSCON has gas –fired power plant with installed capacity of 540mw. “The power plant is capable of fully satisfying the electricity needs of the...
Meridian Energy and other power company shares could get a boost if a National victory in the next election looks more certain, an analyst says. Another analyst warns potential investors in Meridian that power companies face a range of uncertainties and volatile profits, and were not necessarily steady earners. However, a reduction in demand for power from the Tiwai Pt aluminium smelter in Southland could actually see Meridian profits improve because it could get higher prices in the wholesale market than the deeply discounted price it now gets from the smelter. In two of the latest political polls, Labour is closing the gap on National and a Labour/Greens government looks odds on in both. The risk of a future Labour/Greens government imposing new controls on the electricity sector, with...
Signals will be neutral for LME aluminium until it gets out of a range of $1,808-$1,860 per tonne. The range has been formed by the Oct. 1 high of $1,860 and the 61.8 percent Fibonacci retracement on the rise from the Sept. 17 low of $1,775.50 to this high. A rise above $1,860 will confirm the extension of a short uptrend that developed from $1,775.50, towards $1,893. On the other hand, a drop below $1,808 will signal completion of the trend and the resumption of the preceding downtrend towards $1,775.50. 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 in the analyses.
The London Metal Exchange’s plan to ease congestion at warehouses storing near-record amounts of aluminum will accelerate deliveries and reduce premiums paid for supply, at a time when prices are already near a four-year low. European premiums excluding duty will drop as much as 15 percent to $145 a metric ton by the end of the June, the lowest since 2012, according to the median of estimates from 10 consumers, traders, producers and analysts surveyed by Bloomberg News. The rise in physical premiums contrasts with slumping futures. The LME’s benchmark three-month contract fell 11 percent this year and will average $1,900 in the second quarter, when the new LME rules may start, the median of 13 analyst estimates compiled by Bloomberg shows. This year’s decline in aluminum compares with a...
The UAE has registered $11.2 billion worth of Merger & Aquisition deals so far in 2013, the highest total deal value in the region, according to a Merger market report. M&A activity in Africa and the Middle East (MEA) was valued at $51.6 billion through the first three quarters of the year, matching the annual total of 2012. It also marks the second annual increase by deal value this year. Deal value in the third quarter touched $19.1billion, up 99 per cent compared to the same period last year. However, it fell 3.5 per cent from the previous quarter. The report showed 2013 is the first year since 2007 to see every quarter post total values above $10 billion. Regionally, the Middle East made up 42.8 per cent of total value in the period between Q1 to Q3 with deals valued at $22.1 billion,...
Thousands of people drew paychecks from the sprawling Kaiser Aluminum smelter in north Spokane during its more than 50 years of operation. The California company that bought the Mead site last year is about a third of the way through a project to put people to work on the property again, this time as a new business and industrial park. Rather than renovating the several dozen dusty and dirt-caked buildings on the 170-acre property, owner New Mill Capital LLC is tearing down nearly everything and starting from scratch. New Mill Capital is a division of Industrial Realty Group, a California company that specializes in buying and converting distressed sites. In 2000, for example, IRG bought the vacant, 3,000-acre McClellan Air Force Base near Sacramento. After cleanup and renovation, the...
China’s economy is expected to continue picking up speed next year, with metals demand helped by state-led urbanisation projects. Recent economic data has reinforced hopes for a sustained recovery, with factory output in August hitting a 17-month high, retail sales growing at their fastest pace this year and power production posting the second-highest monthly growth this year. Aluminium consumption is expected to grow more than 10 per cent next year from about 24 million tonnes estimated for this year, two smelter sources said. The sector should benefit from more building activity and Beijing’s efforts to boost demand to tackle overcapacity in the industry, with growth picking up from near 10 per cent this year, they said. A manager at a plant that uses primary aluminium to manufacture...
Aluminium Bahrain B.S.C (Alba) continues to maintain a positive momentum in Q3 2013 with sales figures up by 4.2% year-on-year to reach 227,758 metric tonnes (mt) versus 218,507 mt in Q3 2012 while production figures increased by 10,377 mt to reach 230,058 mt as compared to the same period of 2012. Sales figures for the month of September alone rose by 14.7% to reach 94,000 mt. In addition, Alba continued to capitalise on the sound demand of Value- Added products and closed the third quarter of 2013 with an average of 66% of total shipments versus 65% for the same period in 2012. Sales figures for the first nine months of 2013 inched up by 2.7% year-on-year to 682,188 mt ahead of the company's own forecast for the period. Production figures year-to-date were up by 3% - reaching 682,785 mt...
Rio Tinto Alcan recommends that energy prices be made more competitive to bolster the growth of the aluminium industry in Quebec. During the Public Consultation on Energy Issues in Quebec, Rio Tinto Alcan proposed that Quebec's new energy policy must affirm the province's resolution to offer competitively priced energy for the growth of its manufacturing sector, including the aluminium industry, a key economic driver for Quebec. "The growth of the aluminium industry worldwide relies on competitive energy prices, and Quebec has an opportunity to secure its position as a leading aluminium producer in the world," stated Rio Tinto Alcan Primary Metal president and chief executive officer, Arnaud Soirat: "The world's most competitive economies rely on a strong manufacturing sector that fosters...
Mongolia is switching things up and have recently “passed a law aimed at reviving foreign investment by easing restrictions on investors in key sectors such as mining and by providing greater certainty on the taxes they must pay,” reports Reuters. “The new regulations take effect on Nov 1 and replace two previous laws, including one that imposed restrictions on foreign investments in strategic sectors after state-owned Aluminum Corp of China (Chalco) made a bid to take control of Mongolia-focused coal miner SouthGobi Resources in 2012.” A 1.6 percent decline in European 1050 aluminum made it the biggest mover of the week on the weekly Aluminum MMI®. European 5083 plate prices ticked up 0.2 percent over the past week. The week finished with no movement for Korean 3003 coil premium over...
