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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LME Aluminium inventories jumped by as much as 18750 tonnes in the single day on 9 June 2013. The rise is probably on account of closure of Chinese markets for Dragon Boat festival which will mean lower demand for metal in spot. The rise in Aluminium was followed by sharp decline in prices. After the announcement of 0.36 percent rise in Aluminium the prices have moved down by $ 40 per tonne to $ 1928 per tonne. MCX Aluminium didn't follow the footsteps of its counterpart and was up 0.64 percent mainly due to decline of Rupee to all time lows against the Dollar. Rupee was trading at 57.74 when last checked, up 1.2 percent.
Dubai Aluminium (DUBAL) -that owns and operates the world's largest primary aluminium smelter using pre-bake anode technology - was honoured by Higher Colleges of Technology ("HCT"), Dubai campus, at an award ceremony on 20 May 2013, through receipt of the Employer Award in the Work Experience category. The accolade is a fitting tribute for the on-going efforts of DUBAL in support of HCT and its students. In terms of a Memorandum of Understanding signed with HCT's Dubai Men's College, DUBAL provides internship and industrial training opportunities to DMC students; and also gives DMC graduates priority in terms of employment at DUBAL. DUBAL's Work Placement (Internship) programme works in close co-operation with universities and colleges across the UAE by providing opportunities for...
Aluminum Bahrain Chief Operations Officer said that the company is looking to boost production by 1,000 on an annual basis after its important technology upgrade in pot line 5, Daily News reported. He explains that this upgrade is a significant milestone for the company and was achieved by (Alba) internal resources without notable expenditure. It is worth noting that Aluminium Bahrain has been consistently ranked as one of the largest aluminium smelters in the world and is known for its technological strength and high quality aluminium.
Martin Abbott quit as chief of the London Metal Exchange, six months after triumphantly steering a sale to Hong Kong owners of the world’s biggest marketplace for materials such as copper and zinc. While admirers and critics credit him for persuading the 137-year old London institution’s fractious shareholders to accept the $2.2 billion takeover by Hong Kong Exchanges and Clearing, he leaves boiling controversy over an LME warehouse system that constantly frustrates industrial users. “He takes with him the knowledge that he achieved 98.6 percent shareholder support for the sale, which is an amazing accolade,” brokerage Sucden’s Chief Executive Michael Overlander said. “But he also takes with him the knowledge that there is still a topic that preoccupies a lot of people’s time under his...
The Board of Approvals under Union commerce ministry is likely to clear two proposals from Odisha for extension of approvals of Special Economic Zones (SEZs) in its 58th meeting to be held on June 12. This includes SEZs of Vedanta Aluminium Ltd (VAL) at Jharsuguda and the Infovalley IT SEZ being developed on the outskirts of Bhubaneswar. VAL was granted approval on May 23, 2007 for setting up sector specific SEZ for manufacture and export of aluminium at Bhurkhamunda village near Jharsuguda. Since then, the developer has been granted three extensions, the validity of last extension expiring on May 22 this year. The development commissioner of Falta SEZ, who is the monitoring authority for this SEZ, has recommended extension of the SEZ approval for one more year. VAL is operating 0.5...
Emirates Aluminium has taken part in major regional and international conferences and forums to share its wealth of experience and successes in Corporate Social Responsibility. Senior figures from EMAL were on hand to showcase the industrial flagship's impressive record in the field of CSR at recent events in Abu Dhabi. EMAL was the Gold Sponsor of the Philanthropy in Education and Responsible Social Giving: When Giving is a Reward. The forum, held under the patronage of His Excellency Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Youth, Culture, and Community Development, was hosted by the University Leadership Council of the UAE. Yousuf Bastaki, VP Projects Phase II for EMAL was part of a panel forum to discuss the increasingly important role of philanthropy and responsible social...
The new Icelandic government was only a day old when it announced in mid-May that it would do all it could to push ahead with the Helguvik aluminium smelter. Construction for the smelter began in in 2008 but since then has met with a variety of problems, mostly energy-related. Critics of the project say that too many aspects of the project still remain unresolved and allege that the rush to build the smelter is a corporate tactic to draw Iceland's government into developing infrastructure that it will be forced to continue supporting, to the detriment of the country's protected areas. Environmental concerns, meanwhile, were nearly inconspicuous during election campaigns, and on May 1, a few days after election results were announced, a Green March tagged along behind the trade unions'...
Aluminium Bahrain B.S.C. (Alba)'s production process achieved a significant milestone with the announcement that Pot Line 5 has been upgraded to AP37 technology following an increase in the line current to 370 kA. The upgrade will increase production by approximately 1,000 metric tons on an annual basis. Alba is currently focused on enhancing performance levels at the plant and remains on track in achieving these goals through the joint efforts of members from the Power, Carbon Operations & Maintenance, Process Control & Development, Reduction Operation & maintenance departments. Commenting on Pot Line 5's upgrade to AP37 technology, Alba's Chief Operations Officer, Isa Al Ansari said: "Pot Line 5's upgrade to AP37 is another milestone for the company. In early 2011 the team outlined a...
Government-owned Nalco saw its stock price hitting a 52-week low of INR 32.50 on Thursday, almost half the INR 63.50 on July 4 last year. While the weak outlook for base metals has been responsible, lack of backward integration of coal and the Offer for Sale by the government in March have also acted as a dampener. While the company continues to seek captive coal supplies, it is also optimising the cost of production through use of linkage coal and by curtailing production. Aluminium output at 98,000 tons was down two per cent sequentially and six per cent year-on-year owing to production cuts, in the wake of weakness in the prices. While aluminium production consumes more power, prices of the metal on the London Metal Exchange (LME) remain weak, leading to low profitability. The strategy...
Russia has communicated its desire to construct an aluminum processing plant in Kalimantan and further its investments in Indonesia. A delegation of Russian officials and businesses are expected to visit the archipelago on June 11-12 to look into the plant as well as other investment opportunities, according to Rizal Affandi Lukman, the deputy minister for economic and international financing cooperation. Indonesia, which is set to ban raw mineral exports in January of next year to encourage the construction of refineries and smelters, is welcoming the move, he added. “If they want to build a processing plant, that would be recommended. They would be given an incentive, as specified in the Mineral and Coal Law”, said Rizal. He added that if Russia agreed to build a processing plant, the...
As June 30 looms, so does the first of a string of asset sales by Rio Tinto’s new chief executive, Sam Walsh, as he sets out to rid the company of more than $US13 billion ($13.7bn) in underperforming and non-strategic assets. But the scale of the clean-out could be doubled to $US26 billion if increased industry and analyst chatter that Mr. Walsh plans to expand the program to include all of the group’s aluminium assets proves correct. Rio has previously flagged the sale of its Pacific Aluminium unit, which houses the worst-performed and most-challenged of its global aluminium interests. PacAl is valued at no more than $US1.5 billion and after a couple of years of trying there has been no sign Rio can find a buyer or dress it up sufficiently to float it off. The best of the aluminium...
Bosnia’s sole aluminium smelter, Aluminij Mostar, will close on June 17 to the loss of some 900 jobs at the plant, a major employer in the south of the former Yugoslav state and its biggest exporter. About two million tons of aluminium production has been shut down in Europe since the 2008 financial crisis, while global production has grown by about 10 million tons, mostly in Asia and the Middle East, according to Reuters data. The Bosnian company’s supervisory board said lower metal prices and high power costs for its energy intensive production meant the plant was condemned to generate losses after it showed a 65.8 million marka deficit last year. "The decision was passed unanimously after the financial results in the first four months showed the smelter has been posting a monthly loss...
Aluminium prices at India’s Multi Commodities Exchange (MCX) was trading up by 1.88%. The June Contract is now trading around INR 109.30-111.05 per kg levels. Aluminium gained as sentiment on the metal remained upbeat amid easing concerns over China’s economic outlook. Positive forecast on UK services Purchasing Manufacturing Index (PMI) has impacted base metal complex. In LME markets, aluminium is trading around at $1902 per ton. On Wednesday trade, aluminium June contract declined to a low of INR109.30/kg at 02.46 pm IST and is expected to trade positive in later session. For intra-day, support is now seen at 108.3, 107.5 levels and resistance at 112.15 & 112.95, analyst said. On charts, aluminium prices are showing a positive phenomenon. It is trading above 20 day SMA at 104.19 levels....
The European Central Bank decided last night to keep interest rate unchanged at 0.5% now that recently released economic indicators in Europe have suggested the European economy is recovering from recession. Market focus remains on US non-farm payrolls due tonight. Initial jobless claims announced by the US Labor Department this Thursday were slightly higher than forecasts, though dropped some, adding to uncertainty in the country’s labor market. This means the US Federal Reserve may keep QE3 in place, sending the US dollar index down 1.8%. Dim economic prospects also weighted down base metals, though. LME aluminum was resilient to declines due to improvement in market fundamentals in China and softer US dollar. LME aluminum struggled at USD 1,958/mt during European session and finally...
Aluminium rallied to the highest level in more than two months amid signs that smelters were finally beginning to respond to low prices by shuttering production capacity in scale. On Wednesday, Chalco, the Chinese state aluminium giant that is one of the world’s top producers of the metal, announced that it planned to close down temporarily 380,000 tonnes of production capacity – or a tenth of its total output. In a filing, the company said it had decided “to exercise flexible production on part of its aluminium production line” as a result of “current market conditions”. Aluminium prices have been hovering at three-year lows for most of the past 12 months as the market struggles with plentiful supplies and high inventories. At the average price so far this year of just under $2,000 a...
Chalco, China's top producer of aluminum, joined other companies on Wednesday in cutting capacity to help trim a market surplus after it suffered losses due to weak prices. The Aluminum Corp of China Ltd said in a statement it would temporarily close 380,000 tons of annual capacity due to market conditions. The shutdown represents 9 percent of its annual output of primary aluminum products of 4.22 million tons last year, according to the firm’s annual report on its website. In March, Chalco posted worse than expected net annual loss of 8.2 billion yuan, hit by low aluminium prices and rising costs. Global production of the lightweight metal used in packaging and transport has consistently swamped demand, leading to a build up of inventories and hitting prices. Chalco’s move came after...
The U.S. Environmental Protection Agency (EPA) has ordered Century Aluminum of West Virginia to develop an updated cleanup plan for a former industrial facility in Ravenswood, W.Va., that was used for the storage and disposal of hazardous materials that were byproducts of aluminum production. EPA is currently overseeing cleanup activities at the site, located on Route 2 South, Century road, Ravenswood, W.Va., where soil and groundwater is contaminated with cyanide, fluoride, lead, arsenic and Polycyclic Aromatic Hydrocarbons (PAHs). Cleanup work includes restoration of contaminated groundwater to drinking water standards and to control human and environmental exposure to hazardous wastes in the soil that remain in place at the plant. Under the order announced, the company must develop a...
Press Metal Bhd (Press Metal), a public-listed aluminium company with an extensive global presence, has been regarded as being significantly undervalued but is now set to be on a strong upward trajectory as its greenfield aluminium smelting plant in Samalaju is set to swing into full production capacity in the future. The company, which also operates aluminium extrusion plants in Selangor as well as Guangdong and Hubei in China, has come the long way before taking its place among the giant aluminium smelters, according to RHB Research Institute Sdn Bhd (RHB Research) analyst Ng Sem Guan. That being said, the real earnings accruement would come from Sarawak as a combination of inexpensive electrical power and a deep sea port – among other catalytic activities surrounding the Sarawak...
