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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South America‘s primary aluminum production in the second quarter of this year fell 5.86% year-on-year to 482,000t from 512,000t, the International Aluminium Institute (IAI) reported. Output in June was 155,000t, down 7.19% year-on-year and 6.07% month-on-month. Global primary aluminum production totaled 11.67Mt in Q2, almost flat year-on-year. Output in June was 3.9Mt, up 3.2% over the same month in 2012. IAI’s figures for South America include Argentina, Brazil, Suriname and Venezuela, the region‘s only producers of primary aluminum. The list considers Mexico’s primary aluminum data as part of South America‘s production figures.
China's production of aluminium cranked up several gears last month to an annualized 22.42 million tonnes. It was the second-highest run-rate ever, eclipsed only by what may have been a holiday-distorted output figure in February. The world's largest producer churned out 10.54 million tonnes of the light metal in the first half of this year, according to figures from China's Nonferrous Metals Industry Association published by the International Aluminium Institute (IAI). That represented year-on-year growth of almost 11 percent, pretty much matching last year's pace. Annualized production jumped by 1.63 million tonnes in June alone. Although China's monthly production figures can be volatile, there is no denying the direction of the trend. And this from a country where, to quote from U.S....
The European Union will help energy-hungry industries, such as aluminium smelters, clinch long-term electricity deals to lure back major employers that have quit the bloc partly because its power is so expensive. The offer of free guidance by the European Commission (EC) is part of a re-industrialisation drive now climbing up the political agenda after many plants closed in recent years with thousands of job losses that often hit poor areas hardest. Up to 40 percent of the cost of producing aluminium comes from electricity prices, which in the EU are twice those of the United States and substantially higher than in most developing economies, making it hard for Europe's smelters to make profits. Although long-term power contracts which might help offset these price disadvantages are not...
Total world aluminum production in June fell by 70,000 metric tons to 2.042 million tons, according to figures released Monday by the International Aluminum Institute. World production in May stood at 2.112 million tons. June production was up 12,000 tons compared with the same month of 2012, when output was recorded at 2.030 million tons, the IAI said. The IAI details production as follows, in thousands of tons: June '13May '13June '12 Africa150153128 North America413428397 South America155165167 Asia197208206 West Europe291298297 E/Central Europe 335349355 Oceania175176183 GAC/Gulf Region326335297 Total2,0422,1122,030
Hydro’s underlying gain before financial equipment and taxation was NOK 518 million in a second quarter, down from NOK 1,077 million in a initial entertain of 2013, as revoke aluminium and alumina prices and seasonally revoke appetite prolongation weighed on results. Bauxite and alumina prolongation was influenced by appetite outages. • Underlying EBIT NOK 518 million • Lower alumina and aluminium prices • Lower outcome in Energy, especially from seasonally revoke production • Production in Bauxite Alumina influenced by appetite outages • Increased volumes lift outcome in Rolled Products • Aluminium direct expansion opinion 2-4% outward China “Although a tellurian macroeconomic conditions stays challenging, aluminium direct is approaching to continue to uncover plain expansion this year....
This weekend the New York Times published a big story on Metro International Trade Services, a Detroit based aluminium storage company owned by Goldman Sachs. The NYT reported that Goldman shuffles the commodity around between storage units to skirt regulations meant to keep the commodity moving through the market and increase demand (and thus price) for the product. The paper calculated that this could have cost American consumers $5 billion over the last few years. Goldman denies any wrongdoing. And in fact, a source close to the situation told Business Insider that, as a rule, Goldman doesn’t control the flow from its warehouses, the aluminium is owned by customers and they decide when it moves. Then there’s the aluminium that isn’t governed by the London Mercantile Exchange, Metro’s...
Veteran aluminum trader Josef Bermann has sold his stake in JB Commodities AG, severing ties with the base metals merchant firm he set up almost ten years ago after leaving Glencore, the company said. Bermann is no longer associated with JB Commodities AG and JB Commodities (Overseas) Ltd, the company's chief financial officer Jose Kahn said in a letter seen by Reuters. To reflect the ownership change, JB Commodities has been renamed Bluequest Resources AG and business continues as normal, Kahn said in his letter, dated July 18. Bermann, who had been chairman and shareholder of the company based in Zug, Switzerland, left this week, traders said. It was not clear to whom he sold his stake and no financial details of the transaction were available. The company did not return calls for...
Ansuman Das, who was holding the additional charge of chairman-cum-managing director (CMD) of National Aluminium Company Limited (Nalco), took over as full-time CMD of the company on Friday. Das graduated in mechanical engineering from REC, Rourkela (now NIT) in 1976, and did his MBA from University of Hull, UK, with a British Council scholarship under the Colombo Plan. He began his career with the HAL and joined Nalco in 1982 in the formative years as a senior engineer in project and technical (P&T) services. Das has worked in various capacities in Nalco and was later appointed as general manager (marketing). He was instrumental in formation of various marketing policies and strategies both for domestic and overseas sales. Nalco has achieved several milestones and accolades through his...
The government appears willing to take any risk in its bid to take over PT Indonesia Asahan Aluminum (Inalum) from Nippon Asahan Aluminum (NAA), including the Japanese consortium’s possible use of a third party for settlement. Industry Minister MS Hidayat said recently that the Indonesian government would be ready should Japan decide to take the matter to the arbitration court. “In principle, we are ready to go there [arbitration court] since that is the last option in the legal process,” he said. The minister said, however, that the government would keep discussing the matter with Japan thoroughly, adding that the two sides still had three months and a week to discuss the matter before the company’s contract expired. Separately, Deputy Energy and Mineral Resources Minister Susilo...
Norsk Hydro ASA, Europe’s third-largest aluminum maker, will maintain production volumes as it closes in on a cost-reduction target and global oversupply of the lightweight metal eases. “We have no plans to cut additional capacity at the moment,” Chief Executive Officer Svein Richard Brandtzaeg said in an interview in London today. “We will reach the target of cutting $300 a ton from the cost of aluminum production at the end of the year and will further focus on cost reduction.” Hydro, competing with United Co. Rusal and Rio Tinto Alcan Inc., has shut capacity after aluminum prices slid about 35 percent from a May 2011 peak. Oslo-based Hydro last year cut 180,000 metric tons of aluminum capacity after shutting its Kurri Kurri smelter in Australia. Falling global output, with Alcoa Inc....
The US dollar index fell following Fed Chairman Bernanke’s announcement that any decision to scale back bond-buying program will depend on how labor market and economy perform, buoying commodity prices. LME aluminum held stable at USD 1,800/mt during the early European session, and later broke through resistance at the 30-day moving average due to short-covering. Finally, LME aluminum ended the day up USD 21/mt or 1.16% at USD 1,825.5/mt. Positions decreased 4,456 lots to 740,728 lots. LME aluminum inventories were down 1,825 mt to 5,477,725 mt. A softer US dollar will lend support to aluminum prices . LME aluminum will hover near USD 1,830/mt and move within USD 1,810-1,850/mt on Monday. SHFE 1310 aluminum contract is expected to open higher at RMB 14,350/mt, with prices between RMB...
LME aluminium may edge up to its Wednesday high of $1,827 per tonne, as it seems to have found strong support at $1,794. A wave pattern indicates the formation of a flat, which will consist of three waves roughly equal in length. Labelled c, the current wave may approach the peak of the starting point of the wave at $1,827. The presumed flat may also turn out to be a triangle, which will have a shorter wave c, peaking at a lower level than $1,827. A break below $1,794 will make the target at $1,780 available, which is the 76.4 percent Fibonacci retracement on the rise from the June 27 low of $1,758 to the July 12 high of $1,851.25. 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...
US aluminium producer Alcoa has promoted global primary products (GPP) CFO Roy Harvey to COO for the company's business effective immediately, where he would focus on the day-to-day operations of Alcoa's 22 aluminium smelters and nine alumina refineries worldwide, as well as bauxite assets in Australia, Brazil, Jamaica, Suriname, Guinea and soon Saudi Arabia. Leigh Ann Fisher, who had been group controller for GPP, would succeed Harvey, who also is a member of Alcoa’s executive council, and, Fisher would also become a member of the executive council. "Roy has an impressive international track record, leading complex operations in Brazil, Spain and Central America. As an experienced CFO Roy has acute financial expertise and operational insight. “And his investor relations background gives...
Norsk Hydro's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Letter of Intent (LoI) for power supply with Slovenské Elektrárne. The LoI covers electricity supply over an eight-year period from January 1, 2014, with a total delivery of 19 terawatt hours (TWh). Since entering into the existing power contract with Slovenské Elektrárne 20 years ago, power prices in Slovakia have increased. Slovalco will continue to focus on strengthening its competitiveness through efficiency measures and cost improvements, while in parallel working to achieve a competitive future power supply. The LoI is a first move towards securing the total framework that will enable continued operations at Slovalco. Securing other elements in the power framework will also be important in the process...
BHP Billiton has come out with its production report till the period ending June 2013. The report showed that Aluminium production was up by 2 percent to 1.2 million tonnes from January-June 2013. For the quarter ending June the production was up by 25 percent to 310000 tonnes. Production benefited from strong operating performance at our Southern African smelters during the June 2013 quarter with Hillside (South Africa) achieving record quarterly production.
The London Metal Exchange's (LME) proposals to tackle the long queues that end-users face to obtain aluminium from warehouses is unlikely to resolve the problem, the chairman of the Japan Aluminium Association said on Wednesday. On a separate issue, Shigenori Yamauchi also said Japan does not need a new so-called national project, in which government and companies collaborate to secure aluminium supplies, once an existing contract with Indonesia expires in October. Companies running warehouses registered by the LME, the world's biggest industrial metals marketplace, have been making money by building up stocks and charging for storage, while they deliver metal at a limited rate to holders of LME contracts. Over the past four years manufacturers needing metal have also increasingly...
LME aluminium is expected to revisit its July 16 low of $1,793 per tonne, as a rebound from this level has completed. The rebound has been triggered by support at $1,794, the 61.8 percent Fibonacci retracement on the rise from the June 27 low of $1,758 to the July 12 high of $1,851.25. After failing to break resistance at $1,829, the 23.6 percent retracement, aluminium has resumed its preceding downtrend, which could be broken down into five smaller waves. Such a five-wave mode signals that a medium-term downtrend has established, which may eventually extend to $1,758. 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...
Norsk Hydro, one of the world's biggest aluminium makers, said it expected solid demand growth and weak prices this year as it reported a smaller-than-expected drop in April-June core earnings. Its primary metals unit outperformed expectations in the quarter, compensating for increasing losses in the Bauxite and Alumina division, that was hit by a power outage at its Brazilian Alunorte refinery in addition to low prices. Hydro repeated on Thursday that it sees global primary aluminium demand, excluding China, up by 2-4 percent his year, after hitting a low in 2012. Global aluminium production has continued to rise despite prices falling to levels not seen in four years. LME aluminium stayed below $2,000 per tonne during the second quarter. The Norwegian firm's underlying operating profit...
