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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Some Main Japan ports (MJP) aluminium premium deals for delivery in the fourth quarter have settled at $245-247 per tonne while buyers and sellers are hoping to close negotiations at Metal Bulletin’s aluminiun conference in Geneva this week. A trader in Japan said “we haven’t fixed anything yet but have heard some portions settling at $245 per tonne”. “It will probably settle at $245-247”, he added saying his colleagues were hoping to fix the premiums in Geneva. Metal Bulletin’s 28th International Aluminium conference will be held at the InterContinental in Geneva, Switzerland from September 17-19. Rio Tinto had opened talks for Q4 MJP premiums via a detailed letter it sent to clients on August 24, offering a premium of $250 per tonne. But buyers have been pushing for lower premiums....
Local implementation is key to China's recent efforts to curb overcapacity in its aluminum sector, said the head of Russian aluminum giant United Company RUSAL (UC RUSAL) at the 2013 Summer Davos. In an interview with Xinhua, Oleg Deripaska, chief executive officer (CEO) of UC RUSAL, said the company foresees a substantial slowdown in China's aluminum capacity growth due to a price decrease and the recent regulations issued by the Chinese central government. "New standards for the aluminum industry are under way, increasing industry entry thresholds for new projects and operational standards for existing plants," Deripaska said, adding that this is a stage that all emerging economies must reach during their development. But he noted that implementation of the measures issued by the...
Aluminum consumption this year will be 7 percent higher than in 2012, and the industry can look forward to stable growth for the next decade, United Co. Rusal chief executive officer Oleg Deripaska said Sept. 11 in a televised interview at the World Economic Forum in Dalian, China. Deripaska acknowledged that the current aluminum market oversupply is a result of producers pushing metal into warehouses when demand collapsed in 2008, but pointed to strong demand growth in emerging markets as the driver for change in the balance of supply and demand. Technological advances based on aluminum’s light weight and conductivity, as well as its recyclability and ease of use, will add momentum to that growth, he added. Deripaska’s comments followed those he made in an interview with AMM sister...
The role of Emirati females in the expansion of Emirates Aluminium (EMAL) will be a central feature of a ceremony to celebrate the latest landmark of the UAE industrial flagship. The prominence of local women during the event is a reflection of their contribution to economic progress and highlights how EMAL is empowering women in the workforce – a key objective of the 2030 Vision. From procurement to energising the pots, EMAL’s female engineers and managers have been integral to the company reaching the milestone of First Hot Metal and an example of Emirati excellence. Commenting on the role of Emirati women at EMAL, President and CEO, Saeed Fadhel Al Mazrooei said:“Female Emirati engineers and managers have been leading the way at EMAL as we expand into one of the world’s largest...
Norwegian aluminium producer Hydro has asked Enova for support in connection with a project to test next-generation aluminium electrolysis technology at a pilot plant in Karmøy, Norway. The plant will have annual production capacity of 70,000 metric tons with the aim of testing the world’s most energy-efficient aluminium technology in a full-scale industrial environment. The Norwegian government-owned organization Enova has established a program to support energy- and climate-related technology in industry. Hydro and Enova have been in talks on how to realize new, groundbreaking technology that can reduce energy consumption and emissions from Norwegian industry. A 70,000-mt pilot plant in the application is estimated to cost about NOK 3.5 billion. Hydro has applied for support under...
Prime Minister John Key was on the phone to Pacific Aluminium boss Sandeep Biswas offering him millions of taxpayer dollars to keep the Tiwai Point smelter open, just two days after his ministers largely discarded the idea, Treasury documents show. The documents released yesterday show Mr Key picked up the phone after Mr Biswas wrote to him seeking "Government involvement", despite Treasury's warnings not to get involved. The papers detail year-long negotiations between Meridian Energy and Pacific Aluminium over the price of electricity which ended last month when the Government made a $30 million payment to the smelting company. While Pacific Aluminium - which is largely owned by mining giant Rio Tinto - threatened to close the smelter if it didn't get a lower power price, Treasury...
The new President of the Gesamtverband der Aluminiumindustrie e.V. (GDA) in Düsseldorf is Heinz-Peter Schlüter. He was elected at GDA's general meeting in Düsseldorf on 12 September 2013, succeeding Friedrich Brökelmann, who held this position since 2007. GDA members again elected Oliver Bell, Executive Vice President for Rolled Products, Norsk Hydro ASA in Oslo, and Oliver Höll, Managing Director of Karl Höll GmbH & Co. KG in Langenfeld to the positions of vice presidents of the association. Dr. Hinrich Mählmann, partner with unlimited liability of OTTO FUCHS KG in Meinerzhagen, was confirmed in his office of treasurer. Heinz-Peter Schlüter (64) is Chairman of the supervisory board of Trimet Aluminium SE in Essen. At the same time he is sole director of the parent company, Trimet SE....
In October, the London Metal Exchange (LME) will decide on a proposal to shorten delays in delivery of aluminium from the exchange’s warehouses. Investors would do well to keep a watch, as it could affect the performance of aluminium companies. Aluminium buyers, such as beverage can makers in the US and Europe, have nursed a grudge that they are paying higher prices. Though metal prices have declined due to global economic conditions and sufficient capacity, their grouse is rising regional metal premiums are negating the benefits. These premiums depend on regional demand-supply conditions. As of end-June, spot aluminium price on LME had declined by 7.8% over last year, but regional metal premiums for Europe were up by 12% and up by 16% for midwest US, according to Alcoa Inc., the world’s...
It is not all that good for Alcoa Inc as it has been forced to close some of its aluminum plants to reduce the production of aluminum by 164,000 tons. These plans are aimed at ensuring a balance between supply and demand. The close of some of the plants will reduce the aluminum capacity by approximately 460,000 metric tons, this cut announcements were initially made in May The closure of these plants has been precipitated by the increasing competition from China; the 15% slump in prices of Aluminum on the other hand has not done any good to the New York Based company. This outcome has made Alcoa Inc fall into margins of worst performing companies in the Dow. Alcoa has been experiencing bad news over the past years, the worst being the credit rating cut by Moody’s investor’s service. After...
The Japanese majority-owner of Indonesian aluminum producer PT Inalum said there was still a big gap to bridge in talks to sell its stake to the Indonesian government, with less than two months to go before their joint venture agreement expires. Yoshihiko Okamoto, chairman of Japan's Nippon Asahan Aluminium, told Reuters on Thursday the talks would continue until the end of October, but if no agreement was reached by then, it would take the issue to an international mediator. "As of today, there is a large gap between us and the Indonesian government on sale price and other sales terms," he said, without elaborating. Nippon Asahan, a consortium of 12 Japanese firms which holds 58.88 percent of PT Inalum, is in talks to sell its stake to the Indonesian government, which owns the rest,...
China's primary aluminium production rose 1.3 percent from the previous month, hitting a record 1.863 million tonnes in August 2013, the data showed. The output increased 5.2 percent from August 2012. New capacity in northwestern regions such as Xinjiang had helped push up aluminium production, Yang said. The bulk of existing operating capacity was still running, thought some were making losses due to low prices, he added. Spot aluminium prices AL-A00-CCNMM in China have fallen near 5 percent so far this year to 14,340 yuan ($2,300) on Thursday because of oversupply problem in the industry. China produced 14.349 million tonnes of primary aluminium in the first eight months of the year, up 8.2 percent from the same months in 2012, the data showed. Henan was the top producing province in...
Emirates Aluminium, known as Emal, took another step towards becoming the world’s biggest single site aluminium smelter yesterday as its third production line made its first hot metal. Completed three months ahead of schedule, the line is part of Emal’s Phase II expansion project, which will boost production to 1.3 million tonnes of aluminium per year from 800,000 tonnes per year at present. The plant will reach full capacity next May. The expansion of Emal is part of the Abu Dhabi Government’s 2030 plan to diversify the economy and reduce its dependence on oil and gas. The US$6 billion Phase I expansion ran from 2007 to 2011. On its completion, Emal decided to almost double its annual production by expanding for a second time. The metal produced by Emal contributed 0.4 per cent to the...
The huge overcapacity overhang of Chinese Aluminium in the domestic markets has forced the government to suggest some concrete steps to the smelters. China Aluminium production has increased at a drastic pace leading to supply side glut and rising LME inventories to all time highs. Facing the issue, China policy makers are suggesting a three phased approach for the Aluminium smelters. 1. The first suggestion is that Chinese Aluminium smelters should focus on shifting their domestic capacities outside China. This is likely to control the huge amount of capacities being build within the country. Although, this measure is for long term, because shifting these smelters is a herculean task. 2. Improvement in consumption is the other step being suggested by the Ministry of Industry and...
LME aluminium remains steady on a downtrend and is expected to revisit its Sept. 4 low of $1,785. Wave pattern shows that aluminium is riding on a wave 5, the fifth wave of a five-wave cycle that started at the Aug. 19 high of $1,949. It is expected to travel below the preceding wave 3 trough at $1,785. A small triangle is contracting to a point, likely to be confirmed bearish, as it followed a short downtrend developing from the Sept. 6 high of $1,833.75. Resistance is at $1,816, a break above which will indicate an extension of the wave 4 towards $1,837, the 38.2 percent Fibonacci retracement on the fall from the Aug. 22 high of $1,920 to $1,785. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own...
Treasury advised the Government not to pay the owners of the Tiwai Point aluminium smelter to keep the business running during negotiations over power prices with Meridian Energy, documents released this afternoon show. Early last month the Government made a one-off payment of $30 million to New Zealand Aluminium Smelters' owners to help secure a revised contract with Meridian "because of the importance of the smelter to the stability of the New Zealand electricity market" and "because it offers investors more certainty" ahead of the Government's sale of Meridian, Finance Minister Bill English said at the time. But a year earlier Treasury advised ministers that any request for "Government assistance" from the smelters' owners "should be rejected, because it would result in a significant...
As in prior years, the role of the UAE primary aluminium sector within the global industry will again be promoted by Dubai Aluminium and Emirates Aluminium at the 28th International Aluminium Conference, organised and hosted by Metal Bulletin in Geneva, Switzerland, from 16 to 18 September 2013 (“MBI 2013”). The two businesses will have a combined stand in the exhibition component alongside the conference, and Yousuf Bastaki, EMAL’s Vice President: Projects, is among the line-up in the opening session’s executive industry panel – the focus of which will fall on global industry challenges and strategies. Eminently qualified to participate at this forum, Bastaki has more than 25 years smelting industry experience and lead the team responsible for the construction of EMAL Phases I and II,...
Aluminum buyers in Japan, Asia’s biggest importer, won the first cut in nine months on fees they pay to producers as London Metal Exchange proposals to ease the backlog at warehouses pushed down global premiums. The fee for the three months starting in October fell to $245 a metric ton over the price for immediate delivery on the LME from $249 to $251 this quarter, said three executives involved in the negotiations. They asked not to be identified as the talks are private. The LME has proposed obliging warehouses where waits extend for 100 days or more to let more metal out than they take in. Premiums to obtain metal will drop 60 percent to about $100 as a result of the rules the bourse is expected to approve in October, according to JPMorgan Chase & Co. The global market is heading for...
A crucial project launched to tackle premature component failure at a Brammer-supplied Icelandic facility is delivering huge cost savings for client Rio Tinto Alcan. The initiative to upgrade pivotal equipment has so far saved the customer in excess of £12,000. The project is the latest in a long line which demonstrate the commitment of Brammer – the UK’s leading distributor of industrial maintenance, repair and overhaul (MRO) products and services – to reducing costs and optimising productivity for its customers. Rio Tinto Alcan is a global supplier of high quality bauxite, alumina and aluminium. The project was instigated at the Straumsvik plant in Iceland - where alumina is smelted to produce aluminium - in response to the premature failure of hydraulic hoses on production-critical...
