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
Slovak aluminium producer Slovalco and the country's dominant power producer Slovenske Elektrarne (SE) have reached an agreement on a new electricity supply contract, an important step towards keeping the aluminium smelter afloat, Pravda daily reported. Under the new contract, SE will supply a total of 19TWh of electricity to Slovalco for a period of eight years starting from January 2014 at discount prices, which were not disclosed. Slovalco's current electricity supply contract at fixed prices with SE expires at the end of 2013. The aluminium producer has previously said that if it buys electricity at market prices this would threaten the viability of its operations. Slovalco is majority owned by Norwegian aluminium supplier Hydro with a 55.3% stake, while Slovak company ZSNP SCO holds...
US aluminum producer Ormet Corp again is asking a federal bankruptcy court for more time to file a Chapter 11 reorganization plan that currently is due by October 23. The Hannibal, Ohio-based company, in a filing Friday with the US Bankruptcy Court for the District of Delaware, said it wants until February 20, 2014, to submit a plan and until April 22, 2014, to seek creditors' approval of the plan. Ormet filed bankruptcy on February 25 and, earlier this year, received an initial extension to file a plan by October 23. Ormet said it has made "great strides" since the February Chapter 11 filing. The court on June 4 approved a proposal by Smelter Acquisition LLC, owned by Minnesota's Wayzata Investment Partners, to purchase virtually all of Ormet's assets for $282 million. But the deal has...
United Co Rusal will convert its loss-making Russian aluminium smelters to the production of vehicle components as well as rolled and cable products, it said on Monday September 30. To fund the transformation, Rusal has signed a memorandum of intent with state-owned development bank Vnesheconombank (VEB). New production facilities will be constructed at the Bogoslovsk, Urals, Nadvoitsy, Kandalaksha, Volkhov and Volgograd aluminium smelters, all part of Rusal’s Aluminium Division West. New facilities are also feasible at Rusal’s other Russian sites. Finished goods will be supplied to the Russian market, where Russian and foreign carmakers have commitments to boost the share of Russian-made parts in their supply chains. Under the agreement, Rusal will attract investors, provide existing...
Relying on hydroelectric power, the nine aluminum smelters in Quebec have reduced their carbon footprint to “the lowest in the world,” an industry spokesman told a provincial government commission studying energy options on Monday. But “a green ingot gives the industry nothing,” Jean Simard, president of the Aluminum Association of Canada, told the commission, which is travelling across the province to hear briefs on reducing greenhouse-gas emissions and energy independence. Quebec counts about 10,000 direct jobs in aluminum, with the average smelter wage at $46 an hour, plus another 20,000 indirect jobs, in the industry’s 4,500 outside suppliers and 1,800 companies processing aluminum, many of them in the Montreal region. Quebec’s three aluminum producers — Alcoa Canada, Alouette and Rio...
National Aluminium Company (Nalco) whose bottomline took a hit in the April-June quarter of this fiscal due to weak aluminium prices in the global market expects prices to recover in the last quarter as a glut in supply is likely to trigger capacity cut in China and Russia. “In fourth quarter (January-March), price improvement is expected as about 100 million tonne capacity will be shut down around that time. The prices may look up then,” said Ansuman Das, chairman and managing director (CMD) of Nalco at the company’s annual press meet. “The company’s profit margin would improve this fiscal amid an expected upswing in aluminium prices. We hope the operating profit margin will also go up this year”, he said. The company had reported 28 per cent decline in net profit during the first...
Abu Dhabi Ports Company (ADPC) today signed a ten year agreement with Emirates Aluminium (EMAL) to handle the export logistics of finished aluminium products from EMAL's production site. The volume of exported metal is expected to grow from 600,000 metric tonnes in 2014 to 750,000 in 2015. The signed agreement covers all of the handling operations and transport logistics for the finished products from EMAL's site to the container freight station and export terminal at Khalifa Port. EMAL's site in Khalifa Industrial Zone Abu Dhabi (Kizad), adjacent to the port, houses one of the largest industrial projects in the UAE, one of the biggest single site smelters in the world and the fastest to produce 1.3 million tonnes of hot metal. EMAL and ADPC have worked closely with Abu Dhabi Terminals...
Aluminium giant National Aluminium Company Ltd (Nalco) has announced a total dividend payout of 25 per cent, amounting to Rs 322.15 crore for 2012-13, as against 20 per cent paid in the previous year. Announcing this after the Annual General Meeting of the company here, National Aluminium Company CMD Ansuman Das said the shareholders of the Navaratna PSU approved a total dividend payout of 25 per cent which works out to Rs 1.25 per share. With this, the total payout would be Rs 322.15 crore for 2012-13, he said, adding, since inception National Aluminium Company had paid a total of Rs 4519.17 crore as dividend, including Rs 3920.73 crore as share of the central government. National Aluminium Company's upward revision was approved following a recommendation for payment of a final dividend...
Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, released its interim financial statements and business highlights for the first half of 2013. Business highlights from across the Mubadala Group in the first half of 2013 included: • The inauguration of the Shams 1 concentrated solar plant in the Abu Dhabi Western region by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates. • The announcement that, subject to regulatory approval, EMAL and DUBAL will operate jointly as a new entity, Emirates Global Aluminium. • EMAL's finalizing of its landmark project financing of Phase II and the installation of the final steel structure for the 1.7km potline of its Phase II expansion, completing all major civil and engineering work...
Trade activities for Japanese aluminum spot imports were thin Monday as Japanese market participants shifted their focus to domestic trade after having concluded their fourth-quarter contract premiums negotiations last week, sources said. In the absence of spot deals, bids or offers reported from Japanese buyers and overseas sellers, Platts assessed the spot aluminum premium for imports into Japan Monday at $245-246/mt plus LME cash, CIF Japan, unchanged from Friday. Japanese traders said they were expecting end-users to ask for price reductions on the back of the Q4 import premiums settling lower at $245-246/mt plus LME cash CIF last week, down from $249-250/mt for Q3. This however, has yet to be seen because of a lack of inquiries. So far, there were only a handful of deals heard for...
Well-positioned geographically to serve the growing markets in Eurasia, Dubai Aluminium ("DUBAL") and Emirates Aluminium ("EMAL") - the two primary aluminium smelters in the UAE that sold a total of 1,839,419 tonnes of cast metal products worldwide in 2012 - will exhibit jointly at the 3rd Aluminium Technologies, Machinery and Products Trade Fair ("ALUEXPO 2013"), taking place in Istanbul, Turkey from 3 to 6 October 2013. Khalifa Industrial Zone Abu Dhabi ("KIZAD"), of which EMAL is the anchor tenant, will also have a display on the combined DUBAL-EMAL stand. "Given the UAE's convenient geographic location, and the strong relationships already established within Turkey, we are confident that DUBAL-EMAL can play a growing role in greater Eurasia," explains Nasser Zainal (General Manager:...
UC Rusal, the Government of Krasnodar Territory and the Ministry of Transportation of the Russian Federation have agreed to join forces to build the Taman Dry Cargo Port. The main role of the port will be the transhipment of aluminium and alloys and the chief goal of the project will be the development of a deep water port on the Taman Peninsula. The deal between the three parties will be signed at the Xll International Investment Forum Sochi – 2013. For Rusal, the project will create an alternative to existing port capacity at Azov and Black Sea ports at Novorossiysk and Temryuk, from where the company exports its metal. The project fits in with Rusal’s long-term strategy to reduce operating costs and ensure transport security through ‘logistics optimisation’. Vladislav Soloviev, Rusal’s...
Unveiling a new plan for high growth through diversification and expansion, aluminium giant Nalco is set to invest more than INR 33,000 crore in a host of sectors including energy to boost its productivity and profitability. "NALCO is embarking upon an ambitious growth plan involving a massive investment of more than INR 33,000 crore in next three to four years, not only in aluminium sector but also in energy sector," chairman and managing director Ansuman Das told reporters. "Nalco has begun a new odyssey to conquor the challenges of present and threats of future with its new Corporate Plan ... This will give a significant boost to the company's productivity and profitability," he said. The plan encompasses expansion - both brownfield and greenfield, diversification into energy and...
President Barack Obama has tapped Alcoa Chairman and CEO Klaus Kleinfeld to join the President's Advanced Manufacturing Partnership Steering Committee 2.0, part of a continuing effort to maintain US leadership in the emerging technologies that will create high-quality manufacturing jobs and enhance America's global competitiveness. "Manufacturing is a core engine of economic growth, and innovation keeps that engine running," said Alcoa Chairman and CEO Klaus Kleinfeld. "We look forward to using our innovation expertise to help ensure America remains the birthplace of technology breakthroughs that spur growth and create advanced manufacturing jobs." Alcoa innovation has been behind major milestones in the automotive, aerospace, packaging, building and construction, commercial...
Hydro and Agder Energi have signed a Letter of Intent (LOI) for the possible establishment of a jointly owned company to operate and further develop their combined assets in the Otra River, southern Norway, where Hydro recently acquired the Vigelands Brug hydropower plant. The LoI is conditional on a proposed adjustment of the Industrial Concession Act to enable private entities the possibility to organize an ownership share in a company with liability (ANS/DA). This will enable private entities to take out profit in the form of power rather than restricting it to financial remuneration, which is important to Hydro as a fully integrated aluminium company active throughout the value chain from bauxite to finished products. Should it materialize, Hydro would own less than one-third of the...
A potential shutdown of the Tiwai Pt aluminium smelter would barely dent the value of Meridian Energy, but Labour/Green electricity reforms would take a big bite out of the power giant. A new research report suggests the value of Meridian shares would fall just 2 cents if the smelter shut down, because the power contract price is at such a low level that Meridian would be "economically indifferent to smelter closure". In the first significant independent analysis of Meridian Energy, a research report from First NZ Capital says shares in Meridian could trade at $1.40 to $1.60 on listing, if the market values the company like Contact Energy or Mighty River Power. First NZ Capital analyst Nevill Gluyas described Meridian as a cash-flow powerhouse which could be worth $2 a share on a...
Abu Dhabi-owned Mubadala Development Company reported its total comprehensive income doubling to Dh2.1 billion in the first six months of the year as the fair value of its financial investments and other assets improved. The government-owned investment company earned Dh1.1 billion in the first half of 2012. The company, which has diverse business interests from owning largest global stakes in the semiconductors manufacturing, to aluminium smelters in the country, running pan-GCC natural gas pipeline, operating satellites, and owning oil and gas concessions along with expanding interests in aerospace manufacturing reported revenues plunging 8.1 per cent to Dh14.8 billion in the period. The decline in sales from last year’s tally of Dh16 billion was a result of the “one-time exceptional...
China's Shandong Chiping Xinfa Group plans to raise the capacity at its Xinjiang aluminum smelter by 550,000 mt/year to 1.35 million mt/year by the end of the year, up 68.8% from 800,000 mt/year currently, a source close to the company said Friday. "We have already completed the 550,000 mt/year expansion, but it is not operating as yet, and we've not confirmed when it will start up, probably after the holidays next week," he said. "But it should definitely be by the end of this year." In 2013, the Xinjiang smelter is expected to produce 800,000 mt of aluminum, in line with the output in 2012. The company aims to produce 1.3 million mt in 2014, the source said. The prevailing weak domestic aluminum market has not deterred the company from its expansion plans in Xinjiang as costs in the...
Romania’s aluminum producer Alro Slatina, controlled by Vimetco, has completed an investment worth some EUR 10 million (RON 43.6 million) to increase its competitiveness. The project, which started in March 2011 and was co-financed by the European Union, focused on strengthening and upgrading its productivity via new equipment purchases, reads a statement of the company. Under the terms of the project, Alro acquired equipment for finishing aluminum sheets, coils and strips: a tension leveller line, a cut to length line, a slitting line and an automatic packaging system. The project was implemented at its factory in Slatina over a period of 32 months. The total EU grant amounted to some EUR 4 million (RON 17.18 million). “By implementing this programme, we are able to consolidate and...
