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...
Grow with
AL Circle
Global unwrought aluminum inventories at the end of July were down 6,000 mt from June and down 190,000 mt from July 2012, according to figures released Tuesday by the International Aluminium Institute. Unwrought inventories totaled 1.173 million mt at the end of July, down from a revised 1.179 million mt in June and 1.363 million mt at the end of July 2012. Total aluminum inventories at the end of July were up 2,000 mt at 2.224 million mt from a revised 2.222 million mt in June, but were down 134,000 mt from 2.358 million mt at the end of July 2012, the IAI said.
Aluminium Bahrain B.S.C. (Alba)strengthened its focus on occupational safety with the launch of 'Keep the Safety Momentum Alive in Alba' campaign, which aimed to enhance Alba's safety principles and reinforce the culture of safety. The safety observation campaign was held on a plant-wide basis and mainly involved shop floor workers amongst other employees and contractors' staff. The uniqueness of this campaign was that shop floor employees made safety observations outside their main area of work and department. It presented an ideal opportunity for employees to visit and learn first-hand about other unfamiliar operational areas in Alba,thus increasing their knowledge base of the company. It also helped to further develop and encourage employee relations between various departments, which...
Top aluminium producers have offered Japanese buyers a premium of $250 per tonne for October-December primary metal shipments, flat from the previous quarter, three sources involved in quarterly pricing talks said on Wednesday. Japan is Asia's biggest importer of the metal and the fee sets the benchmark for the region. For the July-September quarter, Japanese buyers agreed to pay an average premium of around $250 per tonne over the London Metal Exchange cash price. The latest quarterly pricing negotiations began this week between Japanese buyers and miners including Rio Tinto Ltd , Alcoa Inc and BHP Billiton , and are expected to continue to next month.
Hindalco Industries lost 5.36% to INR 98.85 at 15:15 IST on BSE, with the stock sliding on profit booking after 3-day 11.89% rally. Meanwhile, the S&P BSE Sensex was down 589.29 points or 3.18% at 17,968.84. On BSE, 14.98 lakh shares were traded in the counter as against average daily volume of 9.39 lakh shares over the past one quarter. The stock lost as much as 6.03% at the day's low of INR 98.15 so far during the day. The stock rose as much as 0.28% at the day's high of INR 104.75 so far during the day. The stock had hit a 52-week high of INR 137 on 2 January 2013. The stock had hit a 52-week low of INR 83.05 on 7 August 2013. The stock had outperformed the market over the past one month till 26 August 2013, surging 10.65% compared with the Sensex's 6.03% fall. The scrip had also...
Brazil‘s primary aluminum output in the first seven months of 2013 reached 776,800t, down 8.4% from 847,700t year-on-year, national aluminum association Abal said. Primary aluminum production in July totaled 110,800t, an 8% decrease from 120,400t produced in the same month of 2012. Companies associated with Abal are CBA, part of local conglomerate Votorantim, US-based Alcoa, multinational resource group BHP Billiton and aluminum producers Albras and Novelis.
The aluminum firm Alcoa has announced plans to reduce its production of aluminum by around 164,000 metric tons by closing production at two locations. The cuts are part of Alcoa’s earlier announced plans to reduce its aluminum capacity by 460,000 metric tons to balance supply and demand. Alcoa had made the announcement on the cuts in May 2013. To reduce its capacity by 146,000 metric tons the company has decided to permanently remove one potline at its Massena East plant in New York. The closure will remove 40,000 metric tons from the market. Additionally, the company will temporarily curtail around 124,000 metric tons of aluminum from its smelter operations in Brazil. The closures and curtailments are expected to be complete by October 2013. “We committed in May to review our global...
Mining giant BHP Billiton Ltd Monday said Mike Fraser would join the Group Management Committee as President, Human Resources, which is part of the role currently held by Karen Wood who is President - People and Public Affairs. Fraser is currently Head, Group Human Resources based at the company's head office in Melbourne. He joined BHP in 2000 and has served in several human resources roles including as Human Resources Vice President for the Aluminium and Energy Coal businesses and for South Africa. Prior to his appointment to Group Human Resources in January, he was Asset President, Mozal in the Aluminium business based in Mozambique. Karen Wood will remain a member of the Group Management Committee as President, Public Affairs. As the transition activities associated with the...
Romania’s Alro, a subsidiary of aluminum producer Vimetco, reported a loss of RON 17 million (EUR 3.8 million) in the first semester against a profit of RON 26 million (EUR 6 million) in the same period of last year, citing high energy costs and disappointing aluminum prices that reached fresh lows. Alro’s turnover lost 9.5 percent to RON 1.06 billion (EUR 241 million) and the producer reported a slight decrease in primary aluminum sales to 71,168 tons. Sales of processed products, meanwhile, climbed to 36,711 tons. Marian Nastase, board chairman at Alro, said the results were impacted by factors outside the aluminum industry.“The overall energy costs, including the eco taxes, continued to put pressure on the Company’s final results. Moreover, the aluminum prices on the international...
LME aluminium is expected to retest support at $1,879 per tonne, a break below which will lead to a further loss to $1,853. Support is provided by the 61.8 percent Fibonacci projection level of a downward wave c, blocking the way towards the 100 percent projection level at $1,853. The downtrend from the Aug. 19 high of $1,949 seems to have been confined within a falling channel, the lower channel line of which points a target slightly below $1,853. A rise above $1,905 may be extended to $1,920.
China has invested substantial sums in raw material production such as electrolytic aluminum projects, driven by global demand, but the industry faces serious excess capacity, experts said. During the first half, China's nonferrous metals refining industry experienced "severe" overcapacity, rising power costs and falling aluminum prices, according to a report released by the National Development and Reform Commission, China's top planning agency, in mid-August. It said smelting capacity was "extremely excessive", with a lack of stable resource supply. Yet the industry doesn't produce enough high value-added products, which must still be imported. Because there's so much excess capacity, many electrolytic aluminum producers are short of orders, said Xu Yongbo, chief analyst of the metals...
The Maritime Union of Australia has backed down on demands that the government block aluminium giant Alcoa from gaining a temporary licence to use a foreign-manned vessel to move cargo from its refineries in Western Australia to its smelter in Victoria. The MUA yesterday accused Alcoa of trying to "remove their Australian crew in favour of foreign labour" and demanded that Transport Minister Anthony Albanese not grant the temporary licences to allow a foreign-crewed carrier to do the work. Alcoa is selling the MV Lindesay Clark because it needs significant investment to stay operational. In a statement, the MUA insisted that Alcoa should reverse their decision to remove the ship from the trade "as a matter of urgency", saying the decision was "a real kick in the guts for the workers,...
UC RUSAL, a leading, global aluminium producer announces a USD 3 mln project aimed at environmental modernization of the carbon area which includes production of anode paste (the anode paste plant, APP) at its Krasnoyarsk Aluminium Smelter (KrAZ). The engineering stage will be completed in 2013, and new equipment will be delivered to the production site in 2014. The APP upgrade project will result in a 10% reduction of nitric and carbonic oxide emissions, and it will also cut inorganic dust emissions by 20%. RUSAL raised the funding for the APP upgrade project after implementing an activity focused on reducing perfluorocarbon (PFC) emissions at KrAZ which was planned in line with Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change. RUSAL also envisages to...
Rio Tinto has invested nearly 80 million euros in its Dunkirk aluminium plant in the past 18 months and plans to invest at least that much again over the next five years on energy saving and efficiency improvements. The largest aluminium plant in the European Union with 2012 production of 260,000 tonnes, seaside Dunkirk is the biggest single-point user of electricity in France, consuming 485 megawatts per hour, or half the output of one nuclear reactor at the nearby Gravelines site. As Rio Tinto's 25-year contract with French utility EDF expires at the end of 2016, its electricity bill - which adds up to 23 percent of production costs - could rise as much as 80 percent from 2017, as contract prices catch up. But Rio Tinto is investing heavily to improve efficiency. Plant director Colin...
The aluminium smelter project, part of Gujarat Mineral Development Corporation (GMDC)'s ambitious Rs 15,000-crore aluminium park in Kutch, Gujarat, has been put on back burner as GMDC and its partner National Aluminium Company Ltd (Nalco) are yet to finalise the terms and conditions for it. GMDC plans to set up a one-million-tonne alumina refinery and a 5 million tonne aluminium smelter. But Nalco, has been wary of the proposition with regard to smelter, as converting alumina into aluminium is very power intensive. Sources said that Nalco has expressed its concerns about setting up a smelter and had asked GMDC to arrange electricity at a rate of up to Rs 2.2 per unit. "If that works out, Nalco has expressed its willingness to invest in setting up the smelter as well," they added. However,...
With a 3.4 percent increase over the past day, the cash price of primary Indian aluminum was the biggest mover on Thursday, August 22. On the LME, the cash price of primary aluminum increased 0.2 percent to $1,852 per metric ton. The 3-month price of aluminum weakened by 0.2 percent on the LME, settling at $1,902 per metric ton. Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap was unchanged. The price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar held steady. Following two days of downward movement, the Chinese aluminum cash price held steady.
Aluminium prices edged up by 0.71% to Rs 120.20 per kg in futures trade today as participants engaged in enlarging positions, supported by a firming Asian trend. Further, better demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in August traded up by 85 paise, or 0.71%, to Rs 120.20 per kg in business turnover of 230 lots. Likewise, aluminium for delivery in September traded higher by 45 paise, or 0.54%, to Rs 121.15 per kg in 54 lots. Marketmen said apart from increased domestic demand, a firming trend in base metals at the Shanghai Futures Exchange amid speculation that the Federal Reserve may hold off on curbing stimulus measures in September, supported the upside in aluminium prices at futures trade.
It had recently been announced by Alcoa Inc that the company had decided to shut down the operations of around 164,000 metric tons of smelting capacitance facilities located in the United States and Brazil. This move taken up as part of the company’s smelting capacitance appraisal plan is expected to enable the company to keep up its competitiveness in the industry. It had been announced that around 40,000 metric tons of the smelting capacitance facility located in the Massena East facility of New York and 124,000 metric tons of facility located in Brazil would be shut down from its operations. Shares of Alcoa had recently been hit heavily in the markets primarily owing to the absence of healthy, strong and growing economy in the United States for the past few years. As there are recent...
Aluminum buyers in Japan, Asia’s biggest importer, will probably win their first reduction in three quarters for fees they pay to producers after premiums in the U.S. and Europe slumped, three executives said. Premiums for the three months starting in October are likely to fall to the lowest level of the year from this quarter’s $249 to $251 a metric ton over the London Metal Exchange cash price, said the executives, representing buyers and sellers. They asked not to be identified because the talks, which begin this week, are private. The rates to obtain aluminum tumbled the most in 20 months in Europe last month and retreated from a record in the U.S. as lawmakers and regulators scrutinized long waiting times to withdraw metal from warehouses. The U.S. premium slid to 11 cents a pound...
