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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According to the ADP National Employment Report, 135,000 jobs were added in US private sectors in May, well below the 165,000 forecast. This kept investors cautious about non-farm employment due to the released tomorrow. US factory orders increased 1.0% MoM in April, also missing expectations. On the other hand, disappointing data will allow the US Federal Reserve to keep monetary stimulus in place, sending the US dollar index down. However, gains of commodity prices were limited by cloudy economic prospects. Aluminum Corporation of China (Chalco) announced yesterday that it will implement flexible production at some of its aluminum smelters to maximize profits, cutting capacity by 380,000 mt/yr. This will help ease overcapacity and lend support to aluminum prices . As a result, LME...
Alba held a seminar on ‘Integrating Women Needs in Development’ for women employees at the Alba Club on June 2, 2013. The seminar was conducted by Dr. Donya Ahmed from the Supreme Council for Women. The seminar, organised by the Training & Recruitment Department in collaboration with the Supreme Council for Women, was aimed at providing women with the necessary knowledge to succeed in an organisation. Aluminium Bahrain B.S.C. ( Alba )’s reputation as a company that offers equal opportunities at the work place was emphasised during the seminar. The seminar outlined the value of women’s contribution to the work environment, and their role as an equal partner in boosting the company’s growth and development. More than 100 women employees attended the seminar and were also joined by members...
Minister of Industry MS Hidayat determined to resolve all problems in a mining company, PT Indonesia Asahan Aluminium (Inalum). He said the company would be converted into a state-owned enterprise in October 2013. “Government is currently negotiating to takeover Inalum from Japanese consortium, Nippon Asahan Alumunium Co Ltd. We provides budget of 10 billion IDR to facilitate the negotiation,” Hidayat said on Monday. Later, 100 percent of Inalum shares will be owned by Indonesia. Shareholding funds will be provided by government from state budget. Besides conducting professional audit, government through the Financial Supervisory Agency History and Development (BPKP) also audited the company’s asset. Once Indonesia holds 100 percent of the shares Inalum will automatically become...
Aluminum prices are likely to remain capped as production will outstrip supply, even if demand grows as expected, said an aluminum research firm on Tuesday. Primary production out of China, India and the Middle East lead both the demand and supply growth, said Jorge Vazquez, Managing Director of Harbor Aluminum Intelligence. He spoke at Harbor’s conference in Chicago. Global output in 2013 is estimated at 50.6 million metric tons, a 5.5% increase from 2012, he said. That figure is estimated to increase by 10.9% to 56.2 million tons in 2014. Demand is forecast to grown 6.1% in 2013, to 50.5 million tons and by 10.2% to 55.7 million tons. Despite the anticipated rise in use, Harbor’s forecasts show even if demand grows as expected, there is “no significant (supply) deficit (in) the cards,”...
Ever mindful of its corporate responsibilities towards society, DUBAL, that owns and operates the world's largest primary aluminium smelter using pre-bake anode technology, has again lent its support to Dubai Autism Center (DAC). An internal campaign, run throughout April (marked as 'autism month' worldwide), together with a direct cash donation from DUBAL raised Dhs200,000 for DAC's project to construct a newer, bigger and better treatment center that can accommodate more children with autism in the UAE. Importantly, the campaign typified the culture of giving at DUBAL, where volunteering provides valuable opportunities for employees to touch and change people’s lives. “Involving our employees in DUBAL’s corporate social responsibility initiatives has had considerable impact,” explained...
Rusal is considering shutting down 81,000 MT capacity at its Nadvoitsy aluminum smelter. Rusal previously announced that it would borrow EUR 150 million from VEB to upgrade the facility to produce higher value-added products. Part of the loans was used to acquire Ondskaya Hydroelectric to ensure stable power supply for the smelter.
The US Commerce Department announced overnight that the country’s trade deficit expanded to USD 40.29 billion in April as imports of automobiles and mobile phones exceeded exports. This will contribute to its GDP growth in the second quarter. In response, LME aluminum jumped to the highest since March 25 at USD 1,949/mt, up for a sixth straight trading day. Nevertheless, uncertain global economic prospects caused LME aluminum to trim some gains at the tail of the session, which finally closed at USD 1,943/mt, up 1.09%. LME aluminum inventories decreased 1,975 mt to 5,196,400 mt. Markets are now eyeing US employment data due to be released later in the week, which will stall any substantial uptick in aluminum prices . LME aluminum should struggle at USD 1,940/mt and move within USD...
Century Aluminum Co. announced Monday that it had completed the acquisition of substantially all of the assets of the nearly 500-employee plant from Rio Tinto Alcan. With this acquisition the Sebree, Ky., aluminum smelter now has the fifth owner in its 40-year history. “We are really happy to welcome the men and women of Sebree to Century,” company President and CEO Michael Bless said in a statement. According to Century spokesman Mike Dildine, no significant changes in the workforce at Sebree are expected, although the smelter is getting a new plant manager: Jason Young, who has been the continuous improvement manager at Century’s smelter in Hawesville, Ky. “With the changes occurring in U.S. energy markets, we believe Sebree, along with our existing smelter at Hawesville, will be...
On May 30th, five departments of the State Council held a symposium with fifteen aluminum smelters including Chalco. According to a source with knowledge of the symposium, the meeting involves capacity control, setting up funds to subsidize aluminum producers that pull capacity out of central and east China. The other issues in meeting included differential power prices, expanding aluminum application, substituting aluminum cable for copper cable, replacing wood with aluminum in construction and furniture and resumption of 5% import tariff. These measures shall be submitted for final approval.
Aluminium prices that peaked in 2011 have since retreated by over a third. This year, the three-month aluminium rates on London Metal Exchange have fallen over 10 percent to $1,857 a ton. The price fall of close to five per cent on the Shanghai Futures Exchange is comparatively modest. Because of Chinese predominance, both as a producer and a consumer of aluminium and its set of controls, the market there has its own dynamics. At the current SHFE of around 14,690 renminbi ($2,399.70), consulting firm CRU estimates that nearly a third of Chinese aluminium producers are losing money. In response to bad times China has already rested one million tons aluminium capacity. But this is not enough of production discipline to shore up the market. China watchers expect further capacity...
Rusal has warned that state support will be needed to boost domestic aluminum output, as foreign producers are on course to increase their share of Russia’s market from 39 to 47 percent by 2017. Sergei Belsky, Rusal’s Sales Director for Russia and the CIS, said in a conference report that Russian production was being held back by high borrowing costs and the impossibility of hedging deals. The company, the world’s largest aluminum producer, wants to see changes in the law to regulate aluminum use and to “stimulate foreign producers to open factories inside Russia." However, the company stressed that it is not asking for tariffs or preferential treatment. Andrei Shenk, of InvestCafe, blamed inadequate technology for Russia's failure to satisfy its aluminum needs. A total of 412,000 tons of...
The Alcoa Technical Center (ATC) has developed technology that uses 50% less water and 30% less energy and will reduce emissions at a fraction of the cost of current technology in the field. ATC will complete commissioning and on-site testing of its In-Duct Scrubber in August 2014 and plans to commercialise the technology, says Ray Kilmer, Alcoa’s Executive Vice President and Chief Technology Officer. The new In-Duct scrubber is currently under construction as part of a commercial-scale demonstration project at Alcoa’s Lake Charles, Louisiana-based baked anode and calcined coke facility in the USA. Compared to traditional wet scrubbers originally developed to reduce emissions at power plants and large industrial facilities, Alcoa’s patented technology has the ability to dramatically...
HSBC’s final China May manufacturing PMI hit an 8-month low of 49.2. US ISM manufacturing PMI fell unexpectedly to 49, the lowest level since June 2009. Manufacturing in the euro zone slipped into contraction for 22 months in a row. Faltering global economy undermined market sentiment, but also eased concerns that the US Federal Reserve will end QE3 soon. The US dollar index dived below 82.5, helping commodity prices resist declines. LME aluminum advanced to USD 1,938/mt, but then surrendered some of earlier gains, and finally closed 1% higher at USD 1,922/mt. LME aluminum inventories decreased 3,625 mt to 5,198,375 mt. Downbeat economic data against a softer US dollar will keep the light metal hovering at high levels. LME aluminum should stagnate at USD 1,920/mt and move within USD...
Aluminium prices edged up by 0.47% to INR 107.20 per kg in futures trade yesterday as participants enlarged their positions, supported by a firming overseas trend. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in June inched up by INR 0.50, or 0.47%, to INR 107.20 per kg in business turnover of 475 lots. Likewise, lead for delivery in July traded higher marginally by INR 0.35, or 0.32%, to INR 108.45 per kg in 31 lots. Market men said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Midwest aluminum premiums rose slightly over the past week amid concerns about metal supplies as material continues to be tied up in financing deals at the warehouses. AMM's Midwest aluminum premium narrowed to 11.5 to 12 cents per pound from 11 to 12 cents previously. There were some reports of spot buys as high as 12.5 cents and as low as 11 cents, although most sources agreed that the bulk of business is taking place within the new range. One market observer reported a deal in the Owensboro, Ky., area for approximately 1 million pounds at 11 cents. But a consumer in the same region said that such regional discounts were disappearing as supply concerns mount, in part because of worries about the delayed sale of bankrupt producer Ormet Corp. "It just seems like the market is getting a...
India’s aluminium production was lower by 16.5 per cent at 1.72 million tonne in 2012-13 fiscal as against the target of 2.06 million tonne, a senior official of the Department of Mines said. However, it was 3 per cent up compared to 1.67 million tonne produced in 2011-12, he said. “There are various reasons for not achieving target. Non-availability of bauxite on time for some of the units has crippled production and falling global prices also contributed to non-achieving targets,” the official said. “Aluminium prices at London Metal Exchange have fallen by 15 to 20 per cent. We expect the prices to go up by the latter half of the year. It is common for the countries. The more they produce now, the higher the losses they incur,” he said.
LME aluminium is expected to drop to $1,881 per ton, as it may have completed a rebound from the May 15 low of $1,821. This rebound has been driven by the third wave of a three-wave cycle that developed from the May 2 low of $1,809. A Fibonacci projection analysis reveals this wave C has a big difficulty in breaking resistance at $1,909, its 76.4 percent projection level, based on the length of the preceding wave A. Chances are, the wave C could have peaked, and may not extend toward its 100 percent projection level at $1,937. A Fibonacci retracement analysis on the rise from $1,821 to $1,917.75 points a target at $1,881, the 38.2 percent retracement. A rise above $1,917.75 will be extended to $1,937.
Bharat Aluminium Company, a Vedanta Group company, announced on 2 June it has appointed Ramesh Nair as its Chief Executive Officer replacing Gunjan Gupta. Ramesh Nair has over 20 years' experience in the metals industry and has worked in the group for 11 years in multiple functions before assuming overall leadership role at Sterlite Copper as its Chief Operating Officer, the company said here in a statement. BALCO, which has major operations in the Korba area of Chhattisgarh currently operates a modern 2.45 lakh tonnes per annum integrated aluminium smelter with 810 MW thermal power plant. It is also in the final stages of commissioning a new state-of-the-art 3.25 lakh tonnes per annum aluminium smelter with 1,200 MW thermal power plant at an investment of about INR10,000 crore. "I am...
