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
IIFL has maintained its buy recommendation on National Aluminium Company post the latter's Q1 FY14 results. It has a target of INR 32, an upside of 24.3% from its current market price of INR 26 per share. Analysing the numbers, the brokerage said, "Q1 FY14 results were below our estimate due to a jump in power costs and higher employee costs. Power costs increased sharply on account of lower supply of linkage coal. The company had to shutdown pots due to lower availability of coal, leading a sharp decline in aluminium production. The company reported a 10.7% year-on-year de-growth in topline to INR 15.6bn due to lower metal realisations and a decline in aluminium production. Operating profit stood at INR 1.5bn, lower by 49.7% YoY and 63.7% QoQ and is also lower than our estimate of INR...
The mainland's overcapacity-afflicted aluminium smelting industry could soon see a widespread shutdown of uncompetitive plants partly because of more cost-competitive imports, according to the chief of the country's third-largest smelter. "The second phase of industry rationalisation is already beginning," said Zhang Bo, the chief executive of China Hongqiao. "The first phase involved capacities that were very outdated, while the second will hit those that are still surviving but will face stiffer rivalry from imports." Zhang made the comments at a press conference three days after the firm posted a 1.1 per cent year-on-year drop in net profit to 2.81 billion yuan (HK$3.53 billion) for the first six months of the year. Its performance, supported by self-owned power plants, is among the...
China’s third largest smelter, Hongqiao, has announced a 1.1% drop in year-on-year net profits to HK$3.53 billion. Chief executive Zhang Bo says that China’s second phase of rationalization has begun and argues that the indigenous aluminium industry is now facing stiff competition from imports, according to a report in the South China Morning Post. While phase one of China’s aluminium rationalisation programme involved the closure of outdated capacity, the second phase, claims Zhang, will hit those facing stiffer rivalry from imports coming in from Malaysia, where a major smelter project is on the drawing board, and from UC Rusal, the Russian smelter, that is pushing hard on exporting its metal to China. Analysts believe that imports won’t account for a major slice of supply as China is...
Leading Chinese aluminium maker Henan Zhongfu Industrial Co. widened loss in this year’s first half on lower prices of the lightweight metal. Henan Zhongfu made a loss of 197.4 million yuan ($32 million) from January to June, comparing to a loss of 43 million yuan a year ago, the company told Shanghai Stock Exchange today. In the first half, ``domestic economic growth notably slowed from past years, aluminium prices continued to hover low, primary metal producers were largely in operating losses…’’Henan Zhongfu said. Still, ``growth potential for downstream demand remains, while the government endeavors to dissolve aluminium’s overcapacity,’’ it added.
Iran produced 119,560 tons of aluminum ingots in the first four months of the current Iranian calendar year, March 21-July 22, marking a 6 percent year-on-year increase, Tehran Times daily reported on Saturday.. In the first four months of current Iranian calendar year, Iran also produced 82,967 tons of aluminum powder, an increase of 13 percent compared to the same period of last year, according to Press TV.. The Iranian Ministry of Industry, Mine and Trade has announced that Iran's annual aluminum output would hit 1.5 million tons by the end of the country's 20-Year Vision Plan, which runs until March 2025.. According to the Press TV, Iran plans to become the world's 14th leading aluminum producer by the end of its 5th Economic Development Plan, which begins in 2010 and ends in 2015. .
United Company RUSAL Plc switched to loss-making in the first half as aluminium prices continued to fall on oversupplies, and urged the industry to take further curtailments to tackle overcapacity. The world's largest aluminium producer posted a recurring net loss of $156 million in the first six months, compared with a recurring net profit of $219 million a year earlier, RUSAL told Hong Kong Stock Exchange today. Recurring net profit is defined as adjusted net profit plus the company's net effective share in Norilsk Nickel, of which RUSAL completed the sale in April this year. RUSAL's total net loss in the first half of the year was $439 million, compared with a profit of $1 million a year ago, the company said in the interim report. ``The current situation requires our industry to take...
Hindalco Industries Ltd’s aluminium business is expectd to witness challenges in the near term on the back of weak prices of the metal in the global market, Chairman Kumar Mangalam Birla said in the 2012-13 annual report. Also, the interest burden from its expansion projects will have a bearing on the company’s earnings in the current financial year. However, in the long term, the company remains well-placed with a addition of large assets to the portfolio, said Birla. “As these projects ramp up to their full potential, your company will see an exponential growth in volumes and profitability in the years ahead,” the chairman told shareholders. Recently, the company’s Utkal alumina refinery in Odisha went onstream, while its major equipment at the Hirakud plant have been commissioned. At...
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...
Aluminium Bahrain B.S.C. (Alba) has once again launched the Heat Stress Management Programme for the months of July and August to ensure that employees remain better informed about practical measures needed to be taken for enjoying a comfortable and safe summer. This would be the third consecutive year during which the programme has been introduced across the organisation. It defines the accountabilities of each management level in preventing heat stress, sets guidelines in advising new recruits and provides measures for applying procedures and practices without any deviation. In addition, heat level indicators along with the daily heat stress index present some helpful tips that employees can use to protect themselves during summer. Commenting on the implementation of the Heat Stress...
The Kentucky Public Service Commission has approved an agreement that allows a large western Kentucky aluminum smelter to end its contract with a utility and begin buying electricity on the open market. The Century Aluminum smelter in Hawesville was Big Rivers Electric Corp.'s biggest customer. The smelter, along with another aluminum smelter in Sebree, accounted for about 70 percent of the power generated by the utility. The PSC says Century will purchase power on the open market. Century has said it needs cheaper power to keep operating in Kentucky. The PSC says the agreement achieves "a delicate balance" between keeping the smelter open and not burdening ratepayers. Big Rivers is asking the PSC to approve a 19 percent rate hike for its customers to make up for the loss.
The Century Aluminum Retirees will be holding a picket/gate collection at the north entrance of the Century Aluminum plant today and Friday to protest the company's purchase of a facility in Kentucky while efforts to restart the Ravenswood plant have stalled. The picketers will be at the entrance to the plant from 7 a.m. to 7 p.m. both days, said Karen Gorrell, spokesman for the Century Aluminum Retirees. ''Most of you know that Century purchased a facility in Sebree, Kentucky, and paid $60 million plus in cash for the plant,'' Gorrell said. ''To add insult to injury, during the recent Century Aluminum conference call, the Ravenswood facility was not mentioned until after the presentation and an investor called in to ask (Century President and CEO) Mike Bless for an update on Ravenswood....
National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India, has announced the results for the 1st quarter ended June 2013. According to the reviewed financial results for the 1st quarter of the financial year 2013-14, taken on record in the meeting held in New Delhi today, Nalco has registered a net profit of INR160 crore, which is in line with the target set for the quarter. However, there has been some decline in profit as compared to the corresponding period of last fiscal due to lower international price. On production front, while bauxite production during this quarter increased to 14.63 lakh tonnes against 11.42 lakh tonnes in the corresponding quarter of last year, alumina production has gone up to 4.82 lakh tonnes against 4.76 lakh tonnes...
Alcoa today announced that it will close or curtail 164,000 metric tons (mt) of smelting capacity in the United States and Brazil as part of its smelting capacity review that was announced in May. One potline representing 40,000 metric tons at the Massena East plant in New York will be permanently closed. In addition, the Company has started to temporarily curtail 124,000 metric tons at its smelters in Brazil. The closures and curtailments will be complete by the end of September. “We committed in May to review our global smelting capacity for possible curtailment to maintain the Company’s competitiveness,” said Bob Wilt, president of Alcoa’s Global Primary Products. “Aluminum prices, including premiums, have fallen to four-year lows and we continue to operate in an uncertain, volatile...
JW Aluminum Company announced today that it has posted its 2013 Quarterly Report for the quarter ended June 29, 2013 on JW Aluminum's secure investor website at 4:00 PM Eastern Time on Tuesday, August 13, 2013. The quarterly report is being furnished pursuant to the Indenture governing JW Aluminum's 11.50% Senior Secured Notes due 2017. The quarterly report will be made available to holders and beneficial owners of the Notes, qualified prospective investors in the Notes, and certain security analysts and market makers. JW Aluminum will post all of its annual reports, quarterly reports and current reports that are required to be delivered pursuant to the Indenture governing the Notes on JW Aluminum's secure investor website maintained by Intralinks. JW Aluminum's management will host an...
At the Port of Jacksonville’s Talleyrand terminal, workers from Seaonus unloaded a ship Tuesday filled with 11,000 tons of aluminum ingots. The cargo came from South America and is headed to smelting plants in St. Augustine and the Port Manatee area, near Tampa. It’s a big shipment, said Rick Sharp vice president of business development and customer relations for Seaonus, a terminal and freight services company. “We haven’t had an aluminum vessel in Jacksonville for five or six years,” he said. “And the shipments we received prior to that were in the 3,000- to 5,000-ton range.” The ship’s arrival reflects lower aluminum prices and a recovering economy, Sharp said. It also highlights Jaxport’s competitiveness as a port for break bulk. Break bulk shipment means the product is transported as...
Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the metal sector. The brokerage house expects NALCO to report a 26.7 percent degrowth quarter-on-quarter (fall of 19.1 percent year-on-year) in net profit at Rs 180.4 crore. Revenues are expected to decrease by 17.7 percent Q-o-Q (down 12.1 percent Y-o-Y) to Rs 1,535.9 crore, according to Nirmal Bang. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 34.7 percent Q-o-Q (down 9.5 percent Y-o-Y) to Rs 275.4 crore. EBITDA margin or operating profit margin is likely to be at 17.9 percent in June quarter as against 22.6 percent in March quarter and 17.4 percent in a year ago period.
Hindalco Industries Ltd, India’s second largest aluminium producer, wants to consolidate its existing and new operations rather than rush to buy mines overseas, a strategy that stands in contrast to plans of other metal companies that believe that falling commodity prices present a good opportunity for them to secure assets. “We have everything here...we have bauxite, we have coal. And that is why we are going (with our projects) here with our greenfield exercise,” Debu Bhattacharya, managing director of Hindalco and vice-chairman of Novelis Inc., Hindalco’s US unit, said on the sidelines of a conference on Tuesday to announce quarterly earnings. Hindalco wants to first make sure the cash flows from new projects start flowing in as expected, that investments are justified and risks put...
ETFS Aluminium (ALUM), a physically backed aluminium ETP issued by London-based commodity specialist ETF Securities, enjoyed record inflows of $54m over the week. Among the production cuts was the decision by Rio Tinto, the world’s largest aluminium producer, to phase out production at its Shawinigan smelter. The UK-headquartered company said in a statement last week that it would immediately reduce production at the Quebec, Canada, plant by 50,000 tonnes and take the remaining 50,000 tonnes of capacity offline by the end of November. Other aluminium producers, especially in China, are also expected to cut production as continued oversupply is harming prices. ETF Securities believes that sustained robust growth for the Chinese economy remains in place and that this should continue to...
