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
NALCO may operate its sole smelter at 75 percent capacity until global prices of the metal recover or availability of cheap domestic coal increases, a company director said on Friday. The 460,000 tonne per annum capacity plant at Angul in eastern part of Odisha has been operating at reduced capacity since May 12 after its coal supplier Mahanadi Coalfields Ltd shut a mine following an accident on April 21. The smelter has been receiving 12,000 tonnes of coal daily on an average since April 24, about three-fourths of its requirement, said S.S. Mohapatra, production director at NALCO. NALCO does not want to operate the plant on expensive imported coal at a time when global aluminium prices at the London Metal Exchange are at their lowest level in three years, at about USD 1,800 a tonne, he...
The United Arab Emirates is merging its two flagship state aluminum firms to create the world's fifth largest aluminum company with an enterprise value of $15 billion. The merger will improve efficiency and help the emirate's aluminum industry better compete with rivals in the region. UAE has been planning the move for three years. The new entity, Emirates Global Aluminium, will be jointly held by Investment Corporation of Dubai (ICD) and Abu Dhabi state sovereign fund Mubadala. "Emirates Global Aluminium will build on strong foundations of leadership, to become a major industrial champion and engine of economic development for our people," Khaldoon Khalifa al-Mubarak, chief executive of Mubadala, and the chairman of the new entity said in the statement. In 2011, the chairman of Dubai...
Most of the US economic data released last Friday were positive. Chicago PMI rose to 58.7 in May, the highest level since last March. The University of Michigan final index of US consumer sentiment in May climbed to 84.5, a record high since July 2007. The US registered a 0.1% increase in retail sales in April. However, upbeat figures fueled fear that the US Federal Reserve will scale back QE3. Meanwhile, investors were worried that China’s official May PMI may decline. The struggle between longs and shorts kept LME aluminum in check last Friday. LME aluminum only touched a high of USD 1,914/mt, and finally closed 0.30% higher at USD 1,903/mt. LME aluminum inventories decreased 7,975 mt to 5,202,000 mt. The light metal will rise on China’s growing manufacturing PMI for May. LME aluminum...
The cash price of primary Indian aluminum saw the biggest increase at 1.7 percent for Thursday, May 30. On the LME, the 3-month price of aluminum rose 0.7 percent to $1,857 per metric ton. On the LME, the primary aluminum cash price gained 0.7 percent to finish at $1,821 per metric ton. Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum inched up 0.1 percent. The price of Chinese aluminum scrap saw little movement. Chinese aluminum billet stayed flat. For the fifth consecutive day, the price of Chinese aluminum bar held flat.
National Aluminium Co Ltd has raised aluminium prices by INR 4,500 ($80.01) per tonne in the domestic market, company sources said. Now prices of standard aluminium ingots stand at INR 134,700 per tonne, the officials, who did not wish to be identified, said late on Saturday. NALCO revises prices of its products to reflect global prices. It had last increased domestic prices of aluminium by INR 3,500 on May 9.
Aluminum ingot output stood at 641,356 tons in Iran in the first two months of the current Iranian calendar year, which began on March 21, the IRNA News Agency reported. The amount shows nine percent increase in comparison to the previous year's figure. It was previously announced that Iran plans to increase its annual aluminum ingot production capacity up to 910,000 tons by the end of the Fifth Five-Year Economic Development Plan (March 2016). According to Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Ja'fari, Iran's current per capita consumption of aluminum stands at 4.5 kilogram, while per capita aluminum consumption worldwide now stands at 6.5 kilograms. The official highlighted that Iran's ranking in production of aluminum has risen by four steps since 2005 to stand...
As Alcoa inches toward renewal of its embattled Yadkin River hydro license, the aluminum giant acknowledges the 38-mile project could be sold. Control of the Yadkin’s economic value has pitted Stanly County, site of a now-closed smelting operation, against Alcoa for more than six years. Alcoa now sells electricity that once powered the smelter. The two finally settled their dispute early this month. The county agreed to support the hydro license in exchange for access to 30 million gallons of water a day and $3 million. But Alcoa’s chief sustainability officer, Kevin Anton, wouldn’t rule out Wednesday that the hydro project could be sold once the license is in hand. “I don’t think you could ever get a global company to say that an asset will stay in its portfolio forever,” Anton said...
Economic Sentiment Indicator in the euro zone gained 0.8 points to 89.4 in May, capping forecasts and helping the euro rebound. The US Q1 GDP was revised to a 2.4% annual growth rate. Initial jobless claims in the US rose to 354,000 in the week ended May 25. Weak economic data suggest that the US economic recovery still meets hurdles. This eased worries that the US Federal Reserve will curtail QE3 for the immediate term, sending the US dollar index below 83. In response, LME aluminum leaped to USD 1,910/mt, outperforming other base metals. However, LME aluminum pared some gains at the tail of trading before finally closing 1.70% higher at USD 1,897.3/mt. Latest LME aluminum inventories increased 6,825 mt to 5,209,975 mt. A weaker US dollar will help the light metal rebound. LME aluminum...
Nalco stock on Thursday came closer to its 52-week low of INR 32.70 as it touched day’s low at INR 34.35, but finished at INR 34.55, down 1.29 per cent on the BSE. According to analysts, market took a dim view of the integrated metal maker. Its net profit margin on sale has been gradually declining in the past years. In FY13, it has come down to below 10 per cent. According to a metal analyst net-to-sales margin has dropped to around 9 per cent. “It had already come down from 33 per cent in 2007-08 to 13 per cent in 2011-12,” said another stock analyst of an institutional brokerage. Had it not been for non-operational income, Nalco would have made a net loss before tax, industry observers pointed out. Total capex for FY14 has been planned at USD 307.6 million including USD159.1 million...
The March-quarter results of India's largest aluminium producer, Hindalco were mainly inflated by higher other income and lower tax. While it reported a profit after tax of USD 85.88 million, its operating profit was actually down 26% year on year and shows no signs of revival. Going ahead, the company's stock, which has underperformed the benchmark Sensex, is unlikely to do well unless aluminium prices recover or the company gets clearance for its captive coal blocks in Madhya Pradesh, which will help it improve its profitability. Given the pricing pressure in the international markets, the company has given a flattish guidance for the operational performance at Novelis, its international subsidiary, which accounts for nearly two-thirds of the company's top line and half of its bottom...
Ratings agency Moody's Investors Service has downgraded US aluminum giant Alcoa by one notch to junk status due to falling prices and slow growth in China and Europe. Moody's on Wednesday cut Alcoa's senior unsecured debt and corporate family ratings to Ba1 from Baa3. It, however, said the company’s rating outlook remained stable and confirmed its Ba2 preferred stock rating. The decision "reflects our expectations that, despite Alcoa's success in reducing costs and improving productivity, continued headwinds pressuring fundamentals in the aluminum industry and aluminum prices... will continue to push out the time frame" for the company to reduce debt levels, the ratings firm said. Moody's said aluminum demand had risen about 7.0-7.5 percent from 2010 through 2012, but the price of the...
Deutsche Babcock and consortium partner Bilfinger Babcock CZ have secured an order from Dubai Aluminium for the replacement of five new heat recovery steam generators at its Jebel Ali power plant. The turnkey contract covers design, manufacture, supply, installation, testing and commissioning works for five F9BE HRSGs including all associated civil and control systems modification on the existing footprint after decommissioning and disposal of the existing units. Deutsche Babcock, a leading EPC provider for power, desalination, oil and gas, petrochemical and chemical industries, has partnered with associate company Bilfinger Babcock CZ on the project. Work is scheduled to start by late-May 2013 and will be carried out over a period of 34 months. After conversion, the plant steam capacity...
The Organization for Economic Co-operation and Development (OECD) on Wednesday trimmed its growth estimate for the world economy, saying global GDP will expand 3.1% in 2013, instead of 3.4% estimated earlier. It also lowered the US growth outlook for 2013 to 1.9% from 2% and cut its forecast for China’s GDP growth from 8.5% to 7.8%. The organization projects that the euro zone will slip into recession for a second straight year. The IMF anticipates a 7.75% growth for Chinese economy, down from the earlier forecast of 8%, dampening market sentiment. The US dollar index surrendered gains recorded in the previous trading day, but did little to help lift base metals. LME aluminum broke through the 20-day moving average on dip-buying by shorts before finally closing 0.78% higher at USD...
For the second time in two years, Alcoa is examining its smelting capacity and may reduce output from its nearly two dozen facilities, which include a Berkeley County smelter, Alcoa Mt. Holly. The review comes as Alcoa Mt. Holly and Santee Cooper face a June 30 deadline for negotiations over Alcoa’s power rate. The current contract expires in 2015, and the two sides find themselves in a position similar to last year, when Alcoa Mt. Holly dodged corporate smelting cutbacks in the midst of contract negotiations that led to the one-year extension. “As we have stated in the past, securing a competitive power contract is essential for the long-term viability of Mt. Holly operations in our region,” said Erin Pabst, a spokeswoman for Alcoa Ht. Holly. “Because of persistent weakness in global...
Dubai Aluminium achieved another recognition through the certification of the DUBAL Power and Desalination Plant to the ISO 50001 Energy Management System ("EnMS") - being the first plant in the Middle East to achieve the standard. Developed in 2011, ISO 50001 provides guidelines for energy management with the emphasis on establishing, implementing, maintaining and improving existing energy management. Achieving ISO 50001 EnMS certification requires transparency in energy consumption and usage; accurate measurement of energy consumption and detailed reporting of the same; as well as strategic design and practices for the buying of equipment, processes, and acquiring personnel that would impact an organization's energy performance. Several initiatives attest to the high standards met by...
Aluminium Bahrain B.S.C. ( Alba )'s Chief Executive, Tim Murray announced the appointment of Khalid A. Latif as the new Engineering Manager. Mr. A.Latif has been with Alba since 1989 when he joined as trainee technician in Power Maintenance . He was promoted to supervisory level in the same department, and then transferred as superintendent in Carbon Maintenance and later to the Reduction Maintenance department. He was later moved to the Engineering Department as acting manager. Commenting on the new managerial appointment, the company's Chief Executive, Tim Murray said, “Alba is proud to provide a platform for our Bahraini staff to climb the corporate ladder and reach key decision making responsibilities within the organisation. Khalid's promotion provides one such example of how our...
Having supplied equipment to all of the big Gulf smelters except Emirates Aluminium (EMAL) Fives Group has approached the primary aluminium producer – and the head of the Khalifa Industrial Zone Abu Dhabi (Kizad) – with a view to supplying state-of-the-art equipment as part of a multi-Euro partnership that could create up to 100 high-tech jobs for Emirati nationals. Fives Group CEO Frederic Sanchez, in discussions with Khaled Salmeen, CEO of Kizad, has proposed setting up a new operation with Kizad to provide Emal with cutting edge equipment to manufacture anodes as well as technology for reducing smelter emissions. Sanchez claims that Fives' technology is 'much more efficient' than that currently employed by Emal. He wants to train Emirati nationals in high-tech engineering processes...
Aloca Inc. and The Saudi Arabian Mining Co. (Ma'aden) announced the completion of its engineered wetlands wastewater management system in Saudi Arabia. The first-of-its-kind system will reduce water demand by nearly 2 million U.S. gallons per day and is expected to save more than $7 million annually that would otherwise be spent purchasing fresh water. The technology, which was designed and engineered at the Pittsburgh-based Alcoa Technical Center, collects sanitary and industrial wastewater, cleans the water, and disinfects the water without the use of chemicals or the creation of water discharge and odors associated with conventional tank systems. The water will then be reused in the manufacturing process and for irrigation at the Ma’aden-Alcoa aluminum complex at Ras Al Khair. The...
