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 loss is $1.8B, with 35% of companies losing money, or 89 of 281 aluminum enterprises, Qin Junman, vice president of China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., says in presentation for the Metal Bulletin aluminum conference in Geneva today: * Industry still expanding, with 2,700 kt/a smelting capacity estimated to be under construction, mainly in Xinjiang, Qinghai, Gansu and Inner Mongolia * Domestic bauxite production didn’t meet demand of alumina refineries in China * Domestic bauxite grades “poorer” * Avg. power costs for aluminum smelters before taxes is highest in China, followed by Brazil, U.S., Australia, India, Norway, Russia, Canada and finally UAE * “Government support required: government to buy and store ingot to cut inventory”
Alba is providing sponsorship support to the 28th International Aluminium Conference being held at the Intercontinental, Geneva, Switzerland. Organised by Metal Bulletin Events, the conference provides one of the most influential platforms for forging closer interactions with members of the aluminium industry, and in providing a better understanding of trends, developments and challenges facing the industry worldwide. An Alba delegation - led by chief operations officer Isa Al Ansari - is at the conference to meet and network with industry peers, to share information about the company's portfolio of high-grade aluminium products, and also, to highlight Bahrain's competitiveness as an industrial force. The delegation also includes chief financial officer Ali Al Baqali, chief marketing...
The world's top aluminium producers and consumers are at loggerheads over the thorny issue of what price, or premium, should be paid to secure metal deliveries, and will conclude fewer fixed term supply deals this year, industry sources said. Producers Rusal , Alcoa and Rio Tinto are descending on Geneva for an industry gathering that marks the start of annual supply negotiations with aluminium product makers. But unlike in recent years, top consumers like Novelis and Rexam have a strong hand to play thanks to U.S. regulatory scrutiny into claims big banks and trade houses artificially inflated aluminium premiums by building backlogs at London Metal Exchange (LME) warehouses. The scrutiny comes alongside a proposed overhaul of warehouse practices on the LME, which has already helped knock...
Emirates Aluminium Co.’s (Emal) third production line got energised yesterday, three months ahead of schedule with rollout of the first hot metal by September 19 signalling the start of production, top-ranking executives at Emal said. “We have expanded our power station to 3,000 megawatts from 2,000 megawatts. By the end of October, all three gas turbines will be running. Of the two steam turbines, the first will start running in January and the other from February next year,” Yousuf Bastaki, vice president — Project at Emal told reporters at a news conference. Bastaki said Emal’s current production capacity is 800,000 metric tons a year and would reach 1.3 million tons a year by May 2014 upon completion of phase II of the project. The Emal smelter is located about 100 kilometres from the...
Aluminium giant Alcoa has had a win in its bid to recoup more than $100 million from gas producer Apache over the massive explosion at the Varanus Island plant in 2008. The disaster slashed the state's domestic gas supplies by about a third and dented its economy to the tune of an estimated $3 billion. And an official report into the explosion said a 30cm pipeline, maintained by Apache, ruptured and exploded at the shoreline because of corrosion, a risk that was "not only foreseeable but to some extent foreseen" by the company. Alcoa, a major user of natural gas from the plant at its three WA alumina refineries, claims the disaster forced it to spend $138 million more than it would have under a sales agreement with Apache on acquiring gas and diesel from elsewhere. Alcoa commenced...
Alcoa Inc has recently made the news for several reasons, some good, others not. The good news is the announcement that activity will double at its Kawneer asset located in Irurtzun, Spain. Production there is said to focus on standard and custom products for national and international projects. The last major order was for 17,000 aluminum panels for the Lycée Georges Frêche. Also, new offices and a logistic and industrial platform will be constructed in Montpellier, France, to give support to activities in the Iberian Peninsula. On another note, Alcoa Inc and the United Company Rusal, asked the London Metal Exchange for more transparency. More specifically, the companies wish to have access to information concerning short and long-term stockholders. Both companies have argued that they...
The northbound lanes of Alcoa Highway were partially blocked for more than four hours Monday afternoon after a tractor-trailer rig overturned near the Hilton Knoxville Airport. At about 4 p.m., the flat-bed tractor-trailer, carrying 47,000 pounds of aluminum roll, was on the Hunt Road ramp getting ready to head northbound on Alcoa Highway. The load shifted and rolled the truck over on its side, blocking the northbound lanes, and causing the rolls to spill onto the highway, according to Sgt. Hank Morris of the Alcoa Police Department. Alcoa police officers responded and were on the scene for about 4½ hours, Morris said. Tennessee Department of Transportation workers were on the scene to assist with traffic, and several wrecker services were on hand to help turn the trailer over. Workers...
Their low costs notwithstanding, Indian aluminium makers are treading on thin ice of profitability. Aluminium is trading at a four-year low on the London Metal Exchange (LME). At these prices, large swathes of global aluminium capacity are not recovering cash costs. If the industry here has managed to keep its head above water, it is because of the high premia buyers are paying over the LME cash price to secure physical metal. In this business, a few groups across the world, including Hindalco, are faring better than the rest, owing to their portfolios of value-added products (VAP). Such products are far less prone to price fluctuations than aluminium, as a commodity. According to Hindalco Managing Director Debu Bhattacharya, pursuing a "focused strategy of value maximisation", the...
LME aluminium is expected to drop to its June 27 low of $1,758 per tonne, as it has broken below a trendline rising from this level. The break indicates a slim chance of the rebound from $1,758 extending, and the drop from the Aug. 19 high of $1,949 looks like a continuation of the preceding long-term downtrend. The metal is pulling back towards the trendline and will resume its drop on Tuesday. There might not be any support to stop the drop, until it reaches $1,758. A rise to $1,795 will signal a false break below the trendline, and the target has to be aborted. 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...
The rise of China’s Xinjiang province as a hub for aluminium production may be challenged in the coming years by increasing transport and labour costs, and its difficult geographical location, market participants said. Once a comparatively small cog in China’s aluminium production, northwest China's Xinjiang has emerged as a very significant location for producers this year, with a rate of growth behind only Henan province. In the first eight months of 2013, Xinjiang’s aluminium output accounted for 10% of China’s total production, up from 4% last year. Its contribution is expected to rise further before the end of this year, with about 1 million-tonnes of new capacity expected to come online. “Xinjiang is [a dark horse] as its aluminium output rose quickly thanks to new capacity,” Wang...
The Government postponed an announcement this week on the sale of shares in Meridian Energy, sparking doubts about whether the sell-off will go ahead on schedule in November. Opposition MPs believe the sale has been stalled by embarrassing revelations about the public bailout of Tiwai Pt aluminium smelter, Meridian's biggest electricity customer. It is understood the Treasury had been due to announce details of a share "pre-offer"on Thursday or Friday, but abruptly pulled the announcement after news broke of its concerns about the $30m bailout. On the streets of Auckland yesterday, views were mixed on the impact of the delay. Simon Dromgool, an engineer from Tauranga, said it would not deter him from buying shares. "I see it as positive long-term investment." Julie Huckson, a student...
Aluminium Bahrain B.S.C. (Alba)'s Chief Executive, Tim Murray announced the appointment of three new managers in key departments of the company. Amal Abdul Rahman Ahmed will be the new Marketing Manager for GCC, Middle East & North Africa; Fadhel A. Nabi will be the Manager for Procurement & Warehousing; and Waleed Tamimi will be the Manager for Operational Excellence. Commenting on the appointments of the new managers, Alba's Chief Executive Officer, Tim Murray said: "Alba remains committed to provide opportunities for growth to talented employees in the organisation, and in empowering them with greater responsibilities. Amal, Fadhel and Waleed have each demonstrated excellence in their performance and am confident that they will continue to show similar success in their new positions."...
An estimated 1,500 people held a demonstration on Saturday against the planned closure of Bogoslovsk Aluminum Smelter, the facility's trade union leader said. The protesters were mainly workers from the smelter, which is located in the town of Krasnoturyinsk, and other local people. They marched along one of the town's main streets to a square. On the square, they held a rally during which they approved appeals to the Russian government and Sverdlovsk region administration to support the region's aluminum industry and reduce electricity prices for it, the smelter's union leader, Nikolai Prokofiev, told Interfax. "We have sent requests to the governments of Russia and the region. All they do is to make promises, but there has been no support at all. There was no one from the regional...
Miner Vedanta Resources on Monday said that it had chosen Tom Albanese, former chief executive of peer Rio Tinto, to be its chairman. "Vedanta announces that Tom Albanese is joining the group as the chairman of its subsidiary, Vedanta Resources Holdings Ltd," a statement said. Albanese stepped down as boss of Rio Tinto at the start of the year after the Anglo-Australian miner posted its first annual loss in 18 years on hefty writedowns at its Mozambique coal and aluminium businesses. London-listed Vedanta traces its origins back to India, where tribal leaders have recently rejected plans by the company to mine bauxite, or aluminium ore, in the country's east.
The world’s largest aluminum producer, Russia’s UC Rusal, matched calls made last week by Alcoa Inc. for the London Metal Exchange (LME) to release more detailed data on long and short positions as well as details of which parties are holding aluminum inventories. “There is a need for greater transparency in the London Metal Exchange’s disclosure of commercial and non-commercial positions on the exchange,” Oleg Mukhamedshin, Rusal’s deputy chief executive is quoted as saying by Reuters. In the US, the Commodity Futures Trading Commission (CFTC) requires the LME’s closest competitor, CMA, to release detailed positioning information. The data comes out as a weekly report, the Commitment of Traders, but the CMA does not run an aluminum contract and its copper contract features much lower...
Emirates Aluminium's Phase II expansion project in Abu Dhabi, UAE, produced its first hot metal Sunday, three months head of schedule, Emal said. At 1.7 km, Emal Phase II has the longest potline in the world, consisting of 444 reduction pots, and will raise total annual production capacity at the company's Al Taweelah smelter to 1.3 million mt from the previous 750,000 mt. Emal is a joint venture between Dubai government-owned Dubai Aluminium and Abu Dhabi government-owned Mubadala Development. In June, Mubadala and Investment Corporation of Dubai announced the creation of Emirates Global Aluminium, which will integrate the businesses of Dubal and Emal. Once the Emal Phase II expansion is complete, Emirates Global Aluminium will be the fifth-largest global aluminum company by production,...
China Power Investment Corp. (CPI) entered an agreement with the Guinean government early this month to build a massive aluminium production base in the African country. CPI plans to invest $6 billion in phase one to build a 4 million-tpy alumina plant and supporting facilities, various Chinese media reported. Supporting facilities include a 13 million-tpy bauxite plant, an exclusive port with throughput capacity of 8 million tpy, a 300-megawatt coal-fired power plant and a 150-kilometers-long ore pipeline and road, according to the reports. The Chinese corporation’s general manager Lu Qizhou signed the agreement with Guinean government officials in Conakry on September 6. CPI aims to make the project a showpiece of developing circular economy and to bring about leapfrog development in...
Press Metal Bhd, which owns aluminium smelting plants in Mukah and Bintulu, is selling its loss-making facility in China. Its 90%-owned unit Hubei Press Metal Huasheng Aluminium and Electric Co Ltd, had entered into a final asset settlement agreement with Hubei Hashing Aluminium and Electric Co Ltd (HHAE) and Qianjiang City Qiansheng State-owned Enterprise (QCQ). Under the deal, Hubei Press Metal will dispose of all its assets to HHAE, except its wholly-owned subsidiary Press Metal International (Hubei) Ltd (PMIH) and the leasehold land occupied by PMIH and certain liabilities, Press Metal said in a filing with Bursa Malaysia. The assets to be transferred to HHAE include the aluminium smelter and power plant and the land occupied by them. PMIH is principally engaged in the downstream...
