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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Shipments of rolled-aluminum products by Japanese fabricators to domestic and overseas markets increased by 0.05 percent in August, the second straight month of gains, an industry group said today. Volume rose to 148,988 metric tons last month from 148,920 tons a year earlier, the Japan Aluminium Association said in a report.
Aluminum of China is one of today's notable stocks on the rise, up 2.8% to $9.08. The Dow Jones Industrial Average is now trading fractionally lower to 15,333 and the S&P is trading fractionally lower to 1,697. Based on a current price of $9.08, Aluminum of China is currently 25.4% above its average consensus analyst price target of $6.77. The stock should hit resistance at its 200-day moving average (MA) of $9.83, as well as support at its 50-day MA of $8.53. Aluminum of China share prices have moved between a 52-week high of $13.29 and a 52-week low of $7.25 and are now trading 25% above that low price at $9.08 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 0.50% higher over the past week, respectively. Aluminum Corporation of China Limited is a producer of...
APAC emerges as the greatest potential market during the forecast period. The growing markets of China and India are expected to continue witnessing growth in the aluminum industry. Higher demand from key consuming end user markets, such as construction, automotive, consumer durables, and packaging will contribute to this growth hike. The global aluminum industry experienced very good growth during the last five years and is expected to reach approximately $160 billion by 2017. Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the global aluminum companies and presents its findings in “Top Five Global Aluminum Companies: Performance, Strategies, and Competitive Analysis.” The report provides detailed insight into the...
Aluminium producer UC Rusal has called on the London Metal Exchange to postpone the changes it proposes to make to warehouse load-out rates, and instead provide more information about position holdings and encourage competition between warehouse firms. The measures the LME has proposed are intended to bring the queues for metal down to a maximum of 100 days in any location, by forcing warehouse firms to load material out at a higher rate than they bring it in, and are due to start in April. Rusal said it is concerned that the measures proposed by Hong Kong Exchanges & Clearing, which owns the LME, “risk creating further aluminium market distortions rather than addressing features that have emerged since 2008”. The LME itself has acknowledged that the proposal could lead to temporary...
At the meeting the Minister of Mining D.Gankhuyag expressed approval for the successful bilateral cooperation on economy between Mongolia and China and the efficient changes made into the coal agreement between Chalco and Erdenes Tavan Tolgoi LLC. The Minister of Mining also said that “Erdenes Tavan Tolgoi LLC is held by the Mongolian people. We are trying to increase the value of the business by developing a railroad and power station.” The Minister of Mining also stressed that “Erdenes Tavan Tolgoi will pay back the remaining 170 $ million it owes the Aluminium Corporation. Erdenes Tavan Tolgoi, the state owned company received an advance payment (loan) of 350 million USD from Chalco in July 2011, to be paid back in coal. The President of Chalco, Xiong Weiping, emphasized that the...
The BFIGroup said it has traced a steel oil tank belonging to the Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi in Akwa Ibom state, to the neighbouring Ibom Power Company (IPC). BFIGroup is the Nigerian-American consortium that emerged the preferred bidder for ALSCON in 2004, but was disqualified in controversial circumstances by the Bureau of Public Enterprises (BPE), resulting in the ongoing legal tussle at the Supreme Court to determine the authentic owner of the plant. But, spokesman for UC RUSAL, Tatiyana Smirnova, said in a response to enquiries on the allegation, dismissed the report, saying: “The information is false and does not correspond to reality.” “No illegal stripping or removal of a 50,000 Litres Transformer oil Drain Tank from the ALSCON’s premise has...
INFINIUM announced today a breakthrough in aluminum production using its patented Pure Oxygen Anode technology, providing dramatic advantages over century-old technology used throughout the world. The company has successfully and repeatedly demonstrated its process for primary production of aluminum, an over $100B global market, which operates at lower production cost than today’s technology, using half the energy, and with virtually no emissions. INFINIUM also announced today that in recognition of these advantages, the Department of Energy’s ARPA-E office (ARPA-E) and the Massachusetts Clean Energy Center (MassCEC) are providing grant funding to support INFINIUM’s development and commercialization of this technology. “Production of aluminum using electrolysis has made only incremental...
Aluminium prices drifted lower on Tuesday along with other base metals as uncertainty about when the US Federal Reserve will start “tapering” its bond buying programme weighed on the market. Aluminium for three month delivery on the London Metal Exchange eased 1 per cent to $1,799 a tonne – barely half what the metal fetched at its July 2008 high. Analysts expect aluminium, used to make aircraft and fizzy drinks cans, to remain in the doldrums even if demand for the light metal remains robust. This is because of chronic oversupply. China, the world’s second largest economy, is the largest consumer and producer of aluminium. According to Credit Suisse, China’s annualised production rate hit 24.9m tonnes in August, putting it on track to produce more than 25m tonnes for 2013. That amounts...
Aluminium Bahrain (Alba), one of the largest and most modern aluminium smelters in the world, is on track to meet its growth targets despite low LME prices, said its top official. Speaking at Alba's third quarterly meeting for 2013, chairman Mahmood Hashim Al Kooheji said Alba had made a significant improvement in overall safety performance for which the entire team should be commended. "We believe that a strong safety programme and the successful financial performance of the company are closely linked. Alba is well-positioned to meet its production targets for the remainder of 2013 thanks to a combination of focused leadership of the executive team and the commitment of its dedicated workforce," said the chairman at the board meeting held on Tuesday at Sofitel Bahrain, Zallaq Thalassa...
Russia's United Company Rusal , the world's biggest producer of aluminium, said on Wednesday it has asked the London Metal Exchange (LME) to postpone the proposed overhaul of rules that govern its global warehouse network. Backlogs in metal deliveries from LME warehouses have inflated spot aluminium surcharges or premiums, sparking complaints from consumers. U.S. regulators are meanwhile enquiring whether premiums have been artifically inflated. The complaints and political pressure have led to an LME proposal to overhaul its delivery system from next April. In its recommendations for an alternative overhaul, Rusal has asked the LME to exapnd the global network of warehouses and encourage new, independent warehouse operators to enter into the business. Rusal also asked the LME to postpone...
The week’s biggest mover on the weekly Aluminum MMI was the 3-month price of aluminum, which saw a 1.2 percent decline on the LME to $1,784 per metric ton. This comes on the heels of a 0.5 percent increase the week before. The cash price of primary Indian aluminum dropped 0.9 percent this week, closing out the third consecutive week of falling prices. The primary aluminum cash price fell 0.8 percent on the LME to $1,742 per metric ton after rising 0.7 percent the week before. Chinese aluminum prices were mixed for the week. In the past week, Chinese aluminum billet saw its price shift up 0.3 percent. Following a 0.1 percent increase in the week prior, the price of Chinese aluminum scrap fell 0.3 percent last week. The cash price of Chinese aluminum rose 0.1 percent over the past week....
As our old friend Chuin-Wei Yap at the WSJ in Beijing recently observed, in spite of chronically low aluminum prices and massive global overcapacity of supply, China continues to invest in new smelters in its northwest region. In fact, as the article reports, Xinjiang Qiya Aluminum & Power Ltd., earlier this month commissioned one of the world’s largest aluminum smelters in the Xinjiang-Uighur Autonomous Region. Exploiting billions of dollars of government-supported, coal-powered electricity production, the new smelters are continuing to add capacity even as questions are being raised about the logic of building smelters long distances from imported bauxite points of entry and nearly as far from consumers – processors and fabricators sited close to end users of the finished products....
Austrian aluminium group AMAG on Thursday named Alcoa executive Helmut Wieser as its next chief executive, replacing Gerhard Falch from April 1, 2014 for a term of just over three years. Wieser, 59, was most recently global executive vice president and group president Rolled Products at Alcoa, the world's largest aluminium producer, AMAG said in a statement. Wieser had worked before for Austria Metall AG, a legal predecessor of AMAG.
New Zealand's Finance Minister said plans to sell a slew of state companies will likely raise only the bare minimum as the government priced the country's biggest-ever initial public stock offering at up to a third below estimates. The sale of shares in Meridian Energy Ltd , New Zealand's biggest hydro and wind power generator, will raise at least NZ$1.96 billion ($1.65 billion), Finance Minister Bill English said on Friday, with the top end of the range possibly at about NZ$2.2 billion. The pessimistic outlook complicates life for a government selling assets to underpin economic recovery ahead of an election next year and get the national budget back into surplus in 2015. The Meridian sale will significantly reduce overall proceeds from the sales of three power companies, a coal miner,...
Dubai Aluminium (Dubal), the world’s largest single-site smelter using pre-bake anode technology, won the top honours in four of the award categories at the inaugural Metal Bulletin Global Awards for Aluminium Excellence. The list of finalists in the various categories included several other major global and regional players in the aluminium industry including Emirates Aluminium (Emal), UC Rusal, Alcoa, Gulf Extrusions and Novelis. The accolades were presented during a special gala dinner on September 18, coincident with Metal Bulletin’s 28th International Aluminium Conference, which took place in Geneva. The four awards scooped by Dubal comprised: 1. Smelting Company of the Year; 2. Excellence in Operational Management for Smelters and Mills – which was awarded to Dubal’s Smelting and...
Abu Dhabi, UAE/Geneva, Switzerland: ADPC's Khalifa Industrial Zone Abu Dhabi (Kizad) has successfully attended Metal Bulletin's 28th International Aluminium Conference, that took place 17-19 September in Geneva, Switzerland. Having participated in the conference last year in Moscow, this was the first time that Kizad was present in Geneva, showcasing their massive industry project to a wider global audience. With Emirates Aluminium (EMAL) already being an anchor tenant in Kizad, company officials took the opportunity and introduced the fully operational giant industrial zone to further potential investors and business partners, while elaborating on current industry dynamics and market potential. The International Aluminium Conference is one of the most important annual events in the...
UC RUSAL, a leading, global aluminium producer, is pleased to announce that RUSAL CEO Oleg Deripaska has been honored as Industry Ambassador of the Year by the Metal Bulletin Global Awards for Aluminium Excellence. The 28th Metal Bulletin International Aluminium Conference was held in Geneva, September 17-19, 2013 followed by its inaugural Global Awards for Excellence in Aluminium recognizing the most efficient and innovative companies globally in the sector. Independent judges and leading industry experts in the field recognized Mr Deripaska’s great influence within the global aluminium industry and the wider market with Metal Bulletin highlighting at the awards that Oleg Deripaska “has taken it upon himself to lead attempts among aluminium producers across the world to reduce the level...
LME aluminium may drop into a range of $1,639-$1,657 per tonne in three months, as indicated by its wave pattern and a Fibonacci ratio analysis. The uptrend from the Feb. 24, 2009 low of $1,279 to the May 3, 2011 high of $2,803 has been reversed more than 61.8 percent, as revealed by a Fibonacci retracement analysis on the trend. That indicates a remote chance of the uptrend to extend, as the extension should have taken place above $1,861, the 61.8 percent retracement. For a few weeks, aluminium has been hovering below this key level, such a behaviour has significantly increased the chance of a further drop to $1,739, the 76.4 percent retracement. However, support at $1,781 is preventing the drop and probably will cause a rebound to $1,861 or a sideways move for two to three weeks. This...
