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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A group of independent documentary makers has produced videos alleging that two aluminium smelter plants in Sarawak pose health hazards to people living in the surrounding areas. In a series of clips uploaded to YouTube, several people are interviewed about the health problems they have experienced since a company called Press Metal Sarawak set up a smelting plant in Balingian. The company now has another plant in Similajau. They people featured in the clips complain of coughing, sleeplessness, kidney problems and other ailments. The videos are produced by a group called People’s Documentary, described in its Facebook page as a “leading film maker of social and environmental films”. The latest video in the series was uploaded last Sept 1. It features one Ngam ak Benang of Rumah Randi,...
Vedanta Aluminum Ltd under its Public Relation & Corporate Social responsibility has organized a stakeholder meeting on MDM at Lanjigarh looking to several issue raising in and around country. Vedanta Aluminum Ltd has partnered with the Government of Odisha and Nandi Foundation has been serving for underprivileged school going children in Lanjigarh block of Kalahandi district in Odisha since last one year. Today the stakeholder meeting on the MDM was inaugurated by Sasmita Majhi, Chairman Lanjigarh Block in the presence of Prabir Nayak-BDO, Jagadish Benia-Vice chairman, Koustav Ratan Kundu –Head HR and all the elected PRI members (sarapanch & samiti members) along with the Villagers. In her Speech chairman says “Poverty deprives many underprivileged children from securing the benefits of...
On the weekly Construction MMI, European 1050 aluminum rose 5.0 percent to finish as the week’s biggest mover. Chinese aluminum bar remained unchanged for the week. Chinese H-beam steel saw a 0.6 percent decline over the past week. US shredded scrap prices were off slightly, down $2 per short ton from a week ago. The price of Chinese rebar rose 0.3 percent after falling 1.1 percent during the previous week. Following a steady week, prices for the Chinese low price of 62% Australian iron ore fines closed flat. The weekly US Gulf Coast bar fuel surcharge spiked 3.1 percent last week. The weekly US Midwest bar fuel surcharge increased 2.6 percent. The weekly US Rocky Mountain bar fuel surcharge shifted up 0.4 percent.
Rising 3-month LME aluminum prices and European semis pricing, which improved against a more optimistic manufacturing performance by many of the countries within the EU, drove MetalMiner’s monthly Aluminum MMI up 1.1% for September. Long-time aluminum industry observers know that September serves as a good aluminum buying month. In other words, the rock-bottom lowest aluminum prices of the year might not occur in September, but overall, September represents a good month to lock in known short-term demand for the balance of the year. “Our friends at Harbor Aluminum conduct this type of purchasing analysis each year, and though aluminum prices remain above earlier year-lows, this early part of September remains a good time to take some commodity risk off the table,” said Lisa Reisman,...
Aluminum advanced for the first time in three days, rebounding from a four-week low, after the U.S. Federal Reserve said a recovery in the world’s largest economy was intact. Aluminum for delivery in three months increased as much as 0.8 percent to $1,804 a metric ton on the London Metal Exchange and was at $1,801.25 at 12:55 p.m. in Tokyo. The metal touched $1,785 yesterday, the lowest level since Aug. 7. Copper was little changed at $7,128 a ton. “There’s some good buying interest below $1,800 for aluminum,” said Hwang Il Doo, a senior trader at Korea Exchange Bank Futures Co. in Seoul. Copper has the potential to rally from a 1.7 percent drop yesterday, he said. Copper futures for delivery in December were little changed at $3.2425 a pound on the Comex in New York. Futures for delivery...
Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, has launched a four-pronged campaign to bolster the safety culture across the firm and establish a zero accident work environment. The main thrust of the campaign is that safety must envelope each and every aspect of an employee’s life in order for it to be effective. The message highlights four stages in an average day when a focus on safety can make a positive outcome to any situation -- Come to Work Safely; Work Safely; Go Home Safely; and, Be Safe at Home. Large billboards and posters with the message have been set up all over the plant to reinforce this message. In addition, the points are also discussed during the weekly Monday safety hours and the 5-minute safety talks before each shift. Alba’s chief...
Aluminium prices edged lower by 0.92% to INR 123.90 per kg in futures trade today as participants trimmed positions, tracking a weak overseas trend. Further, subdued demand in the spot markets also put pressure on metal prices. At the Multi Commodity Exchange, aluminium for delivery in October shed INR 1.15, or 0.92%, to INR 123.90 per kg in business turnover of 20 lots. Likewise, the metal for delivery in September traded lower by INR 1.10, or 0.89%, to INR 122.65 per kg in 242 lots. Marketmen said apart from subdued domestic demand, a weakening global trend on concern that the US Federal Reserve is getting closer to tapering stimulus, weighed on aluminium futures here.
On Monday, September 2, the day’s biggest mover was the Indian aluminum cash price, which saw a 8.6 percent increase. This increase comes after the price fell for the two previous days. At $1,817 per metric ton, the aluminum 3-month price on the LME was down 3.4 percent from the previous market day. On the LME, the cash price of primary aluminum fell 3.1 percent to $1,775 per metric ton. Chinese aluminum scrap was down 7.5 percent from the previous market day. The cash price of Chinese aluminum weakened by 0.3 percent. After a couple of days of decreasing prices, the price of Chinese aluminum billet held steady. The price of Chinese aluminum bar held steady.
NALCO stock gets Neutral rating from Angel Broking. NALCO's aluminium segment reported a negative EBIT of INR 79cr for the quarter compared to a loss of INR 19cr in 1QFY2013. Staff costs as a percentage of net sales stood at 20.9 percent, compared to 16.5 percent in 1QFY2013 and other expenses also increased 16.7 percent yoy to INR 361cr. Further, other operating income was lower by 19.3 percent yoy to INR 24cr. Hence, EBITDA declined by 49.8 percent yoy to INR 153cr. The other income increased by 27.4 percent yoy to INR 179cr and tax rate also decreased to 23.0 percent compared to 30.1 percent in 1QFY2013. Hence, the company's net profit declined by a lower rate of 28.4 percent yoy to INR 160cr (below our estimate of INR 245cr). Although Nalco has captive bauxite mines, the cost of...
Brazil’s aluminium output fell 8% year-on-year in July as lower metal prices and high energy costs discouraged new investments in primary production. The country’s primary aluminium output stood at 110,800 tonnes in July, compared with 120,400 tonnes in the same month last year, according to Brazil’s aluminium association Abal. In the January-July period, total production of the light metal was 776,800 tonnes, down 8.4% compared with the same period in 2012. “Domestic production is down while demand is possibly growing. We expect the government to reduce import duties soon,” a Brazilian aluminium executive told Metal Bulletin. Brazil currently imposes a 6% duty on aluminium imports. “Increasing imports of primary aluminium are likely to be necessary in the next two years," Tadeu Nardocci,...
China’s Aluminum Corp of China (Chalco) decided to scrap its plans (or at least suspend them) to open a $1 billion aluminum smelter in Malaysia, according to Reuters. Since China’s aluminum market operates in a sort of vacuum from the rest of the global aluminum sector, immediate effects on prices may not be all that tangible. However, we all know the last thing primary producers need is more global supply, so at least Chalco’s move may be seen as a good one for now. The cash price of primary Indian aluminum experienced the biggest price decline of the day, dropping 3.3 percent on Tuesday, September 3. The cash price of primary aluminum weakened by 0.6 percent on the LME, settling at $1,764 per metric ton. On the LME, the 3-month price of aluminum declined 0.2 percent to $1,813 per metric...
Ormet Corp. expects aluminum prices to rise as it returns to full capacity at its Hannibal, Ohio, smelter in the coming years, according to details previously redacted from a business plan filed with Ohio regulators. The bankrupt Hannibal, Ohio-based aluminum producer said in the plan that it expects London Metal Exchange cash aluminum prices to average $2,300 per tonne ($1.04 per pound) in 2014 and $2,400 per tonne ($1.09 per pound) in 2015, according to documents filed Aug. 30 with the Public Utilities Commission of Ohio. Ormet, citing third-party data, also contended that aluminum prices tend to peak above $3,200 per tonne and to bottom below $2,000 per tonne, with tags historically averaging $2,650 per tonne. The plan also assumes a Midwest premium of 12 cents per pound with a $70 per...
Negotiations between producers and buyers for main Japanese port (MJP) aluminium premiums for fourth quarter delivery continued this week, with purchasers pushing for lower premiums. Rio Tinto opened talks for Q4 MJP premiums via a detailed letter it sent to clients on August 24 asking for a premium of $250 per tonne. “We have talked to all producers, the Rio Tinto letter came in at $250 per tonne, another producer is offering at $260 per tonne, another is offering close to $250 per tonne, while a fourth has not offered a concrete number yet,” a source involved in talks at a large trading house in Japan said. The producer offering at $260 is unlikely to make deals at this level, he said, adding that the higher figure was a surprise as most producers follow Rio Tinto’s lead in these...
LME aluminium has completed rebound triggered by support at $1,815 and is expected to break this level on Tuesday. Support is provided by the 76.4 percent Fibonacci retracement on the rise from the Aug. 7 low of $1,773.25 to the Aug. 19 high of $1,949, serving as the last barrier towards $1,773.25. Wave pattern shows that the rebound has been driven by a wave 4, which has peaked around resistance at $1,840, the 61.8 percent retracement. This wave is expected to be totally reversed by a downward wave 5, which is capable of travelling to $1,773.25. 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...
Aluminum Corp of China (Chalco) , the top producer of the metal in China, has suspended a smelter project in Malaysia worth more than $1 billion, a company spokesman said on Tuesday. "The project is stalled now," the spokesman told Reuters. Chalco signed a frame agreement with Malaysian company Gulf International Investment Group Holding in 2010 to jointly build the aluminium smelter in Sarawak using local cheap hydro-power. The plant was set to have 370,000 tonnes of capacity a year, according to Chalco's website (www.chalco.com.cn). The agreement had not been proceeded since then because preparation work of the project was not done, the Chalco spokesman said. He did not give details or a timeframe for the suspension. The smelter in Malaysia had been planned to start production in 2013,...
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced that Trans-Al Network Inc. has been granted financial assistance to pursue its activities with companies operating in the aluminium sector. "Our Government supports organizations that, like Trans-Al Network, promote research, innovation, networking and market development and contribute to the diversification of the economy and job creation," said Minister Lebel. The network's mission is to assist companies in the aluminium transformation sector to develop technical and technological expertise by collaborating with Quebec's key players and building synergy within the industry. Established in...
Over-production is literally bankrupting UC Rusal, Alcoa and other aluminum producers. The Russian producer Rusal recently reported a first half 2013 loss of $439 million, versus a breakeven position last year, nominally a $1 million profit. Revenue for the six months to June 30 fell 8.8% year-on-year to $5.2 billion on volume of a whisker under 2 million tons, down 4.5% from a year ago; revenue falling faster than production due to the lower prices. Rusal has already cut production by about 100,000 tons, or 4.5%, but with a cost of production said to be in the region of $1,911 per metric ton in Q2, it is barely breaking even on every ton even when the physical delivery premium of $200-250 per ton is added onto the LME cash price of around $1,750-1,800 per ton. The company has made...
The Islamic Republic of Iran has produced more than 140,000 tons of aluminum ingots in the first five months of the current Iranian calendar year (started March 21, 2013). The volume of aluminum ingot production at the country’s three smelters -- Iranian Aluminum Company (IRALCO), the Al-Mahdi Aluminum Corporation (AAC), and Hormozal -- reached 149,307 tons during the five-month period. The figure marked a seven-percent rise in comparison with the corresponding period of the last Iranian calendar year (ended March 20), IRNA reported. The report added that IRALCO produced 74,717 tons of aluminum ingots in the first five months of the current Iranian calendar year, while the volume of aluminum ingot production in AAC and Hormozal hit 44,830 and 29,760 tons respectively. Meanwhile, Iran...
