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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Total world aluminum inventories in April this year fell by 29,000 metric tons on-month to 2.296 million tons, according to figures released Tuesday by the International Aluminum Institute. World stocks in March stood at 2.325 million tons. April stocks were down 120,000 tons compared to the same month of 2012, when inventories were recorded at 2.416 million tons, the IAI said.
Aluminium prices rose yesterday by 0.44% to INR 102.45 per kilogram in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, the May tarde rose by 45 paise, or 0.44%, to INR 102.45 per kilogram in 544 lots. Similarly, the June contract traded higher by 35 paise, or 0.34%, to INR 103.65 per kilogram in 215 lots. Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange (LME) and rising demand at spot markets here. Meanwhile, at the LME aluminium gained 0.3% to $1,858.50 per tonne.
Hindalco Industries Ltd, India’s second-biggest aluminum producer, plans to raise about $890 million to refinance debt, said two people familiar with the matter. The company is looking to raise USD 356 million selling bonds and draw USD.534 million through loans to repay high-cost borrowings at unit Utkal Alumina International Ltd, the people said, asking not to be identified as they aren’t allowed to speak to the media. State Bank of India, the nation’s largest lender, may be one of the main bankers, the people said. Refinancing debt will help Hindalco to lower its interest costs at the unit, one of the people said. Group debt rose 37% to USD 10 billion as of 31 March, according to Bloomberg calculations, after capital expenditure to complete projects in India and overseas increased.
US home prices jumped 10.9% in March compared with a year ago, the highest level in seven years. The Conference Board’s Consumer Confidence Index rose to 76.2 in May. These positive data are a sign of sustained improvement in the US economy, but also raised worries that the US Federal Reserve will scale back QE3 soon. In response, US shares and US dollar index both rose, eating into gains of base metals. LME aluminum rose, but failed to touch the 20-day moving average, with the high-end price at USD 1,861/mt. Finally, LME aluminum closed at USD 1,851/mt, up 0.65%. Latest LME aluminum inventories decreased 225 mt to 5,213,050 mt. A firm US dollar will keep aluminum prices in check. LME aluminum should hover at USD 1,850/mt and move within USD 1,840-1,860/mt on Wednesday. SHFE 1308 aluminum...
Hindalco shares started lower on Wednesday despite the company reporting better margins on a sequential basis. The stock traded 0.8 per cent lower at INR 109.15 as of 09.22 a.m., underperforming the broader Sensex, which traded 0.17 per cent lower at 20,125. Hindalco's net profit dipped 24.68 per cent to USD 85.82 million in the fourth quarter ended March 31. Weak aluminium prices on the London Metal Exchange, rising input costs and smelter disruption put pressure on the bottomline of the Aditya Birla Group's flagship firm, Hindalco Managing Director D Bhattacharya said. Prices of coal, caustic soda and furnace oil were higher by 10-30 per cent compared to the previous year, he added. Net sales were down 8.5 per cent at USD 1245.37 million during fourth quarter compared to USD 1361.64...
Rio Tinto Alcan has written to Japanese buyers asking for a premium of $254 per tonne over the LME cash price for July-September primary aluminium shipments, a source involved in quarterly pricing talks said on Tuesday. That compares with average premiums of $248 to $250 a tonne in the previous quarter, when Rio initially asked for a premium of $255. Japan is Asia's biggest importer of aluminium and the premiums for its imports, agreed in talks with producers each quarter, set the benchmark for the region. Rio's offer was based on expectations for higher product exports from Japan as the economic policies of Prime Minister Shinzo Abe have helped lower the yen, the source said. It is not yet clear if there is an actual rise in demand in Japan for aluminium, the source added. "Demand in...
European aluminum alloy spot prices remained flat this week as both monthly and quarterly consumers keep the pressure on in a well-supplied market. Producers have been pushing in vain to increase spot levels for the key grade of secondary aluminum, standard 226, above Eur1,700/mt ($2,189/mt) and towards Eur1,750/mt as margins are seriously squeezed by high scrap input costs. "It's tough at the moment. The volumes are there but prices are holding at the lows," said an East European producer. "Scrap is well-supported and margins are difficult to achieve." Scrap prices remain high and good quality turnings or tense are difficult to source at competitive prices, even in Germany, the key European market. It is understood to require some 21,000 mt of aluminum alloy (226 and 231) including 6,000...
Emirates Aluminium has been recognised for its commitment to health and safety on the 14th of May with a Gold Award from the Royal Society of Accident Prevention (ROsPA) - the UK’s leading safety organization, under the patronage of Her Majesty The Queen of England. The Award received almost 2,000 entries in 2012, and EMAL came out on top taking home one of the most sought after accolades in the industry. The Gold Award establishes EMAL as a leader in health and safety on the global industrial stage, sharing workplace expertise in health and safety with an international safety community. Commenting on the accolade, Saeed Fadhel Al Mazrooei, President and CEO of EMAL said: “This prestigious international award is welcome recognition of the importance we place on a safe and healthy work...
Parth Aluminium reported net profit of USD 0.011 million in the quarter ended March 2013 as against net loss of USD 0.027 million during the previous quarter ended March 2012. Sales reported to USD 0.144 million in the quarter ended March 2013. There were no sales reported during the previous quarter ended March 2012. For the Audited full year,net profit reported to USD 0.009 million in the year ended March 2013 as against net loss of USD 0.258 million during the previous year ended March 2012. Sales reported to USD 0.19 million in the year ended March 2013. There were no sales reported during the previous year ended March 2012.
Aluminum giant Rusal could consider deeper capacity cuts if prices for the metal continue to languish around levels last seen in the aftermath of the financial crisis, a senior executive said. The aluminum industry is struggling with excess capacity, rising costs and weak prices. RusAl estimates a fifth of global production outside China is loss-making, even with demand expected to grow 6 to 7 percent in 2013. Last year, the company promised to slash 300,000 tons of capacity, a 7 percent drop, and production dropped 4 percent in the first quarter of this year. But rival Alcoa said this month it could shut down as much as another 11 percent of smelting capacity, 460,000 tons, to remain competitive. "There is a decision already, supported by our board of directors, and it is 7 percent from...
NALCO reported a 13% dip in net profit to USD 44.20 million for the quarter ended March 31, 2012 despite higher income. NALCO had reported a net profit of USD 50.67 million for the corresponding period of FY12. Total income of the company increased marginally by 4.63% to USD 335.49 million in the fourth quarter as compared to USD 320.75 million in the corresponding period of previous fiscal. The other income of the company, however, declined to USD 21.38 million during January-March 2013 from USD 28.57 million in the corresponding period of the previous fiscal. Total expenses of the company decreased marginally to USD 284.27 milion during the quarter under review. The company had recorded total expenses of USD 287.69 million during the same quarter of 2011-12. For the full year ended...
Alcoa won the Industry Leadership Award for Aluminum at the Inaugural Platts Global Metals Awards, sponsored by Platts, a leading global provider of energy, petrochemical and metals information. Alcoa was recognised for taking decisive action resulting in a substantial transformation or change of direction in the aluminum industry. “It is extremely gratifying to be recognised for our leadership in the aluminum industry as we mark our 125th anniversary since our incorporation," said Alcoa Chairman and CEO Klaus Kleinfeld. "This award is a tribute to our dedicated employees who have made Alcoa an industry leader.” Executives and companies from 11 countries were selected as finalists for the awards, which recognise exemplary performance in nearly a dozen categories. Judging criteria for the...
DUBAL aims to recruit a further 200 UAE nationals in 2013, and is on track to achieve this target: by end-April, said Sultan Al Sabri, Vice President: Human Resources & Organisation Effectiveness. Sultan Al Sabri advises that 110 UAE nationals were recruited during the course of 2012, bringing the total accumulative number of new Emirati recruits hired by DUBAL since 2008 to 496. The cost to DUBAL of those newly recruited in 2012 - comprising salaries, benefits and training - amounted to AED 25 million (equivalent to AED 225,000 per annum per new Emirati employee). As further evidence of DUBAL 's commitment to developing UAE national talent, on-going investment in skills development and training resulted in 9.96 training days per UAE national employee in 2012 (up from 9.13 training days...
Dubai Electricity and Water Authority (DEWA), received a delegation from Dubai Aluminium (DUBAL), at its Sustainable Building in Al Quoz, as part of DEWA's ongoing stakeholder-outreach and visits. The largest government sustainable building in the world, DEWA's Sustainable Building in Al Quoz has received a platinum rating for green buildings. During the visit, DEWA provided the team from DUBAL with an overview of the building's operations, functions, and customer services. They were given a detailed tour of DEWA's customer service centre, which provides a variety of services: its customer call centre, engineering and control centre, Supervisory Control and Data Acquisition (SCADA) centre for water systems, recycling stations used to recycle waste water within the building, and the...
Hongtai Aluminium is building a RMB29 billion integrated aluminium facility at Baiyin City with a combined capacity of 1Mt/yr primary aluminium, 500kt/yr carbon, 400kt/yr al-based alloy billet and 100kt/yr high purity aluminium. The plant has a 2gW captive power plant and produces 15Mt/yr of coal.
The Aluminium Corporation of China (Chalco) recorded losses of RMB975 million for Q1 2013 and attributes its performance to stunted economic growth, over capacity and falling prices. Last year, the company reported deficits of RMB8.2 billion. Other Chinese aluminium producers offered similarly disappointing Q1 figures. • Yunnan Aluminium posted losses of RMB74.5 million against deficits last year of RMB23.8 million. • Zhongfu Industrial reported losses of RMB115.4 million. • Henan Shenhuo’s profits were down 68% at RMB89.7 million. • Jiaozuo Wanfang offered net profits of RMB71 million, up by 160.11% year-on-year. The company did receive a RMB51.36 million government subsidy. China had a 27Mt/year aluminium production capacity at the end of 2012, but only produced 20.3Mt, meaning that...
The European Commission expects to complete a review by October of ways to help Europe's struggling aluminium industry, looking at policies such as on import duties and long-term power contracts. About 2 million tonnes of aluminium production have been shut down in Europe since the 2008 financial crisis, while global production has grown by about 10 million tonnes, mostly in Asia and the Middle East, according to Reuters data. “We are looking at the cumulative cost of EU legislation on the aluminium sector to identify excessive administrative burdens, regulatory overlaps and inconsistencies," said Fabrizia Benini, cabinet member in the office of Antonio Tajani, EC vice-president for industry. The review into the impact of EU policy on aluminium, dubbed a 'fitness check', will look at...
The volume of aluminium export from Sumatra is much smaller than imports. During the first quarter of 2013, Sumatra aluminum export activity shipped via container through terminal BICT totaled 581 tons, according to Tengku Irfansyah, Assistant Manager of Legal and Public IPCs I Belawan International Container Terminal (BICT). The number edged up 1.75% compared to the same period in 2012, amounting to 571 tons. At the same time, North Sumatra also imported 6,682 tons of aluminum containers through the terminal BICT and increased 67.38 percent compared to the same period in 2012 the number of 3,992 tons.
