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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As it awaits a final regulatory decision that could decide its future, US aluminum producer Ormet Corp. continues to lose money and is fast approaching $100 million in total net losses since it filed for bankruptcy on February 25, according to court filings. In August, the Hannibal, Ohio-based company lost another $11.7 million, up from a $6.4 million loss in July, despite idling two more of the six aluminum-making potlines at its 260,000 mt/year Hannibal smelter, according to a filing with the US Bankruptcy Court for the District of Delaware on Friday. Ormet had cut its losses considerably from June, when it rang up $24.2 million in red ink. Since the company last turned a profit of $4.3 million in January, it has lost $94.3 million, the filing says. Sow sales, reflecting Ormet's current...
US aluminium giant Alcoa is looking at selling its sole plant in France and two production sites in Spain, the head of the French facility said Monday. "Alcoa has decided to put up for sale its factory in France and two plants in Spain," the director of the plant in the southern French town of Castelsarrasin, Franck Listuzzi, told AFP, confirming a report in a local newspaper. "The three plants are interlinked and constitute a single system," he added. The factories in Amorebieta and Alicante in Spain produce material for Castelsarrasin to turn into polished aluminium. Alcoa said in a statement that "to determine which path to follow and the means to optimise activity at Amorebieta, Alicante and Castelsarrasin, we are exploring several options, including selling the three plants." The...
In a little more than two weeks, Alcoa Inc. will report third-quarter results, and there is every reason to believe that those results will not be pretty. The consensus estimates call for earnings per share of $0.06 on sales of $5.74 billion. The earnings estimate has been cut in half over the past three months, and if comments today by another aluminum miner are any guide, the estimates for Alcoa are optimistic. A senior executive of the world’s largest aluminum producer, Russia’s Rusal, has said that 40% of global aluminum production is unsustainable at current prices. From around $1,900 per metric ton (tonne) a year ago, the price today is about $1,830. Global supply exceeded demand in the first seven months of this year by 773,000 tonnes; the surplus in all of 2012 was 506,000 tonnes....
The August North American net new aluminum mill orders index fell 3.5% year on year to 113.51, but was up 3.3% from July, according to the Aluminum Association's monthly report released Friday. Year-to-date, the new mill orders index was down 3.9%, the report said. August plate orders jumped 25.6% year on year and were also up 19.3% from July, while sheet orders slipped 1.8% year on year but gained 6.2% from July. Orders of extruded products in August edged up 0.8% year on year but slipped 0.9% from July, while orders of foil jumped 17.4% year on year and were also up 9.2% from July. August orders of domestic can stock fell 14.7% year on year but edged up 0.9% from July. Orders of export can stock, meanwhile, gained 10% year on year and were also up 1.8% from July. The association's...
Russia's United Company Rusal , the world's biggest producer of aluminium, wants to fix the price for some of its aluminium supply contracts for next year, the company's marketing chief executive said on Thursday. Rusal last year broke with tradition to switch term supply deals for 2013 to a floating premium, the amount paid on top of the London Metal Exchange (LME) price for physical delivery of metal. "Last year, we felt that floating gave a fair outcome for producers and consumers. This year, we would look to fix some of our requirements and not leave it open. We will fix what we can," Steve Hodgson said in an interview, giving no figures. "There are segments of the market that prefer that anyway. There will be a basket of different outcomes. More fixed would be our preference." The...
Iran plans to invest around 8.5 billion euros ($11.4 billion) in its aluminium industry as part of plans to nearly quadruple production by 2025, an official at mining group Imidro said on Thursday. Iran is the 20th largest producer of aluminium in the world, according to the Iranian Mines and Mining Industries Development and Renovation Organisation (Imidro), and needs the extra supplies to meet demand which is growing by 10 percent a year. Aluminium is a lightweight metal used widely in transport, packaging and construction. It can also be used to make tubes for uranium enrichment gas centrifuges. Iran's economy has been hobbled by western sanctions aimed at pressuring Tehran to stop efforts to enrich uranium to levels that could be used in weapons. Iran produced 338,000 tonnes of...
Arab International Aluminium Conference (ARABAL) Chairman and Founder, Mohammed Al-Naki announced today details of the upcoming ARABAL conference that will be held in November 5-7th at the St. Regis Hotel on Saadiyat Island. The event, which will be hosted by Emirates Aluminium this year, will boast local, regional and international speakers addressing both the economic and development impacts of aluminium smelting in the region. "The success of each event in the ARABAL series has paralleled the region's increasing importance on the world stage. In 2012, the Arab world produced 7.8% of the total global production. This figure is expected to rise to 10% by 2020 as expansion and greenfield projects come on-stream," said Al-Naki. In recent years, the growth of the aluminium sector in the...
National Aluminium Company (NALCO) reported strong numbers with the second quarter (July-September) net profit growing 37.3 times year-on-year to INR 179 crore on operational performance. Strong results were on the back of higher coal linkage in Q2, Ansuman Das, CMD said. He feels strong performance in Q2 is sustainable in October-March FY14 and falling input costs will aid margins during the same period. Net sales of the company rose 7.8 percent to INR 1,710 crore in three-month period ended September 2013 from INR 1,585.9 crore in a year ago period, driven by chemicals business. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at INR 238.6 crore in the quarter gone by as against loss of INR 24 crore and operating profit margin reported at 14 percent as against...
Japanese aluminium buyers will mostly pay slightly lower premiums of $245-$247 per tonne over London Metal Exchange (LME) prices for October-December shipments after talks with producers of the metal, sources involved in the negotiations said. The softer premiums, down from around $250 in the previous quarter, reflect a fall in overseas premiums and slack demand. Japan is Asia's biggest importer of aluminium and the premiums, agreed each quarter, set the benchmark for the region. The premiums for Oct-Dec shipments are their first quarter-on-quarter declines since the first quarter of 2013 and compare against the record highs of $254-$255 a tonne in the fourth quarter of last year. "We really wanted to win lower premiums this time as local demand is not that strong and premiums in Europe...
SNC-Lavalin is pleased to announce that Phase II of the Emirates Aluminium Smelter Complex (EMAL II) project in Abu Dhabi achieved first hot metal nearly three months ahead of schedule. SNC-Lavalin has been contracted to provide engineering, procurement and construction management services for EMAL II. Once completed, the Emirates Aluminum Smelter Complex will be one of the largest single-site aluminium smelters in the world with an annual production of 1.35 million tonnes per year. With the longest potline and largest gas treatment centre in the aluminum sector, a 2,000-volt rectifier/transformer and the biggest captive gas-fired power plant in the world, the Emirates Aluminium Smelter Complex has set many records in the industry. "Achieving first hot metal nearly three months ahead of...
The Venezuelan government has injected 22 million bolívares ($3.49 million) for equipment and installation investments at Corporación Venezolana de Guayana Alcasa (CVG Alcasa), according to local media. The state-owned producer intends to restart 230 electrolytic cells to reach a total of 389 in operation by 2014, and achieve a primary aluminium output of 170,000 tpy. “From this 170,000 tonnes, we’ll be able to transform 152,000 into semi-finished and finished products,” Angel Marcano, president of CVG Alcasa, said in February this year. At the beginning of 2013, the company and delegates from Chinese state-owned supplier China Aluminum International Engineering Corp (Chalieco) celebrated the arrival of new machinery, obtained with a $402 million investment approved by president Hugo...
The deputy chief executive of Rusal, the world’s largest maker of aluminium by volume, has called on non-Chinese aluminium producers to cut their production by 2m tonnes to end the oversupply that has pushed smelters into losses. Oleg Mukhamedshin, also Rusal’s director for strategy and business development, said: “The industry needs to be more disciplined.” The world’s aluminium producers – including Rusal, Alcoa and Rio Tinto – are feeling increasing pressure from low prices of the metal, but output cuts have been insufficient to remove the metal surplus from the market and output in China is still expanding. The problem has been especially acute for the Russian group, which has been struggling to service its net debt, which stood at $9.9bn last month. To strengthen its cash flow,...
Canadian Bombardier Inc. put its stake in the ground to challenge Boeing and Airbus by flying its C Series plane for the first time. “However, the post-flight press conference also highlighted the risks surrounding the project, with several questions focusing on whether the aircraft would meet the targeted number of orders and the aircraft’s development costs,” reported the FT. Following two days of increases, the Indian aluminum cash price dropped by 3.5 percent on Tuesday, September 17, on MetalMiner’s aluminum price index. The cash price of primary aluminum weakened by 0.7 percent on the LME, settling at $1,734 per metric ton. On the LME, the 3-month price of aluminum fell 0.6 percent to $1,785 per metric ton. Chinese aluminum closed mixed on Tuesday. The price of Chinese aluminum...
LME aluminium faces a resistance at $1,816 per tonne, and may hover below this level or retrace to $1,800. The resistance is provided by the 23.6 percent Fibonacci retracement on the fall from the Aug. 19 high of $1,949 to the Monday low of $1,775.50, temporarily blocking the way towards the 38.2 percent retracement at $1,842. Given that the downtrend from $1,949 is very strong, the first leg of the current rebound may end at about $1,816. A break above $1,816 will be confirmed when aluminium stands above $1,820. 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.
AMG N.V. begins a new phase of integration with AMG Services Aluminum that is intended to produce greater efficiency and customer service for the global aluminum industry. According to a recent announcement from AMG Services Aluminum and Advanced Metallurgical Group N.V., as reported by Reuters, AMG will begin an effort to produce greater coordination between six AMG Services Aluminum production sites in North America, Europe, South America and Asia. This coordination will involve an integration of customer service initiatives around the world. As the world’s largest supplier of grain refiners and aluminum master alloys, AMG stands to create a significant improvement in the aluminum industry across the globe. According to AMG, the new integration efforts will be lead by Julien Crisnaire,...
Emirates Aluminium Global (EAG), which is under formation, has said it plans to become an international aluminium conglomerate with interests from bauxite mining to aluminium refining and carbon production, Khaleej Times has reported. EAG will comprise several umbrella companies operating in different segments within the aluminium industry at global scale, said Saeed Fadhel Al Mazrooei, the president and CEO of Emirates Aluminium (Emal). Bahrain's Gulf Petrochemical Industries Co (GPIC) has posted record export and production levels and profit that exceeded expectations during the month of August, thanks to improved employee efficiency and production processes, Gulf Daily News has reported. The petrochemicals firm said its total production during last month was around 135,523 tonnes, the...
Equities research analysts at Sidoti assumed coverage on shares of Noranda Aluminum Holding Corp. in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm set a “buy” rating on the stock. Shares of Noranda Aluminum Holding Corp. traded up 0.39% during mid-day trading on Tuesday, hitting $2.58. 95,483 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 52-week low of $2.54 and a 52-week high of $7.85. The stock’s 50-day moving average is $2.94 and its 200-day moving average is $3.65. The company’s market cap is $175.5 million. Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, July 24th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate...
The aluminium industry has a job to do in promoting the metal’s key advantages over others in order to stay ahead of its competitive peers, a senior executive at Norsk Hydro said. The benefits of recycling and sustainability need to be better communicated ,Oliver Bell, executive vice president of Hydro rolled products, told Metal Bulletin’s 28th International Aluminium Conference in Geneva. “The industry needs to sustain and support the now predicted growth rate of 6 percent,” he said. “We have to communicate the benefits of recycling,” he said, noting that other materials promote themselves far better. Bell said that growth in demand for aluminium in mature markets would come on the transportation side, while undeveloped markets would drive consumption from the construction side.
