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
Century Aluminum Company announced that it has priced $250 million aggregate principal amount of senior secured notes due 2021. The notes will have an interest rate of 7.5% per annum and are being issued at a price equal to 98.532% of their face value. Century intends to use all net proceeds from the sale of the notes to repay all of its $250 million outstanding 8% Senior Secured Notes due 2014. As the offering is a private placement, the notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The notes to be offered have not been, and will not be, registered under the...
The French industrial engineer Fives Group is in talks with Emal, the UAE-based aluminium smelter, and Kizad, the Khalifa Industrial Zone Abu Dhabi, about a multimillion euro partnership that could create as many as 100 high-tech jobs for nationals. Frédéric Sanchez, the chief executive of Fives Group, held talks with Khaled Salmeen, the chief executive of Kizad, and representatives from Emal at the Abu Dhabi investment forum in Paris on Wednesday. Mr Sanchez has proposed setting up a new operation within Kizad to provide Emal with state-of-the-art technology to manufacture anodes crucial to the production of aluminium. The group also proposed providing technology for treating the polluting emissions that are a by-product of the aluminium smelting process. "All of the big aluminium...
The Aluminium Smelting Company of Nigeria (ALSCON) has announced the launch of its annual Scholarship Programme aimed at supporting local communities. Located in Ikot Abasi, in Akwa Ibom state, ALSCON is part of the United Company RUSAL a leading, global aluminium producer, while assistance in the field of education is an important part of the company’s corporate social responsibility. In 2009, the ALSCON Smelter set up a scholarship programme with the main objective being to provide financial support to local students of the Ikot Abasi LGA as well as its neighbouring areas, according to a release. In 2013, the programme plans to grant scholarships to students from communities from Ikot Abasi, Mkpat Enin, Eastern Obolo, and Oruk Anam in the Akwa Ibom state as well as to neighbouring...
HSBC’s flash China manufacturing PMI for May dropped unexpectedly, slipping into contraction for the first time in seven months. Manufacturing in the euro zone rebounded slightly, but still indicated contraction. Manufacturing in the US slowed, but did point to expansion. Market worries remained despite the fact that US initial jobless claims dropped more than expected. Against this backdrop, LME aluminum surrendered gains recorded during the previous session, tumbling to a low of USD 1,845/mt last night. However, LME aluminum did edge up at the tail of trading on dip-buying before finally closing down 1.44% at USD 1,852/mt. Latest LME aluminum inventories increased 3,350 mt to 5,221,525 mt. LME aluminum will stagnate at USD 1,850/mt and move within a USD 1,840-1,860/mt price range on...
A scheduled Wednesday sale of bankrupt US aluminum producer Ormet Corp. to Wayzata Investment Partners was postponed until June 3 by a federal bankruptcy judge because negotiations are continuing on the disputed terms of the proposed transaction. Judge Mary Walrath of the US Bankruptcy Court for the District of Delaware in Wilmington had been expected to rule on Hannibal, Ohio-based Ormet's request to be sold to Smelter Acquisition LLC, a portfolio company managed by Wayzata, for $221 million in debt forgiveness and cash. Ormet, owner and operator of the 260,000 mt/year Hannibal smelter and a 540,000 mt alumina refinery in Burnside, Louisiana, told the court this week it faced possible liquidation if the sale was not approved. Wayzata, the stalking horse bidder, was the only company to...
Fixed asset investment (FAI) in the Chinese non-ferrous metals industry increased by 25.31% for Q1 2013, reaching a total of RMB82.34 and accounting for 1.42% of total FAI in the country. Private investment in the sector rose by 31.15% to RMB57.55 billion and accounted for almost 70% of total metals industry FAI, up by just over 3% over the same period in 2012. Investment in mining projects was up by 3.04% year-on-year and accounted for 14.70% of total FAI in the metals industry. Regionally, Henan achieved RMB9.53 billion of FAI, closely followed by Jiangsu (RMB8.5 billion) and Shandong (RMB6.4 billion). The non-ferrous metals industry secured funding to the tune of RMB112.40 billion, up 35.36% year-on-year. Total fixed asset investment for aluminium mining during the period was RMB983...
Furnace specialist Seco/Warwick Allied recently installed seven soaking pit furnaces for Hindalco in Hirakud, Eastern India. The furnaces feature side-mounted fans (for improved maintenance access) and a combination of fan and heater arrangements to produce separate control zones along the vertical length of the slabs. There is also a patented adjustable baffle design. Each furnace can handle 128kt at maximum load. The overall charge height is 5 metres maximum and 3.5 metres minimum from eight to 16 slabs per batch, says the company. The furnaces, which are designed for vertical loaded slabs to process can body stock, are designed for electrical heating and feature an individual self-propelled lid (or cover) mechanism. They are also equipped with a PLC-based control and monitoring system.
With its future likely to be decided Wednesday by a federal bankruptcy judge in Delaware, US aluminum producer Ormet told the court this week its losses continued to accelerate in April, increasing to $41.8 million for the first four months of 2013. April marked the third month in a row the Hannibal, Ohio-based company had piled on the red ink. Ormet said it lost $17.3 million in April following a loss of $12.5 million in February and $14.1 million in March. Ormet last turned in a profit in January -- $2.2 million -- before it filed for Chapter 11 bankruptcy reorganization on February 25. Ormet reported cash and cash equivalents on hand of $2.4 million at the end of April, a slight increase from $1.9 million at the close of January. In the report, Ormet said its revenue from sow sales...
US Federal Reserve Chairman Bernanke’s testimony to the congress overnight was in support of QE3 to propel US economy. However, Bernanke also said that asset buying may be scaled back later this year if economy improves further. The minutes of April policy meeting indicate intense debate among Fed officials over whether bond purchases should be curtailed. Later, optimistic sentiment from continuation of easing monetary policy in the short term faded. This helped the US dollar index hit a fresh high for the year following plunge earlier, tempering gains of commodity prices. LME aluminum broke through the 30-day moving average to a high of USD 1,884.5/mt during the European session, but retreated from the 30-day moving average at the tail of trading. Finally, LME aluminum ended the day up...
Century Aluminum Company announced a proposed offering of $250 million aggregate principal amount of senior secured notes due 2021. Century also announced today that it has commenced a cash tender offer for any and all of its $249,603,550 outstanding principal amount of 8% Senior Secured Notes due 201. Century intends to use all net proceeds from the sale of the 2021 Notes to repay all of its 2014 Notes. As the offering is a private placement, the 2021 Notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The 2021 Notes to be offered have not been and will not be...
The head of aluminium at Glencore Xstrata is set to leave the natural resources company, in the first senior departure since its takeover of Xstrata earlier this month. Gary Fegel, who has run Glencore’s aluminium division since 2006, will leave the company this summer, according to a person familiar with the situation. Mr Fegel holds a 1.17 per cent stake in the group, worth about $800m at current prices, making him the fifth-largest shareholder among Glencore’s partners and the ninth-largest overall. His departure may be a reflection of Glencore’s competitive trading culture in which deputies are encouraged to challenge department heads. He follows Robert Franco, head of cobalt trading, who is also leaving the company. Mr Fegel is the second of Glencore’s 12 directors at the time of its...
Global aluminium market surplus in 2013 is expected to be at 1 mn ton from 1.2 mn ton previously estimated as Chinese market has moved into a modest deficit in Q2, driven by production cuts amounting to as much as 1Mty capacity by mid-May, stated London based Barclays in its recent market analysis. Secondly, aggressive consumer hedging activity sub- $1,900/t has provided some buying support, while there has also been some short covering of investor positions. This is another supportive factor for Barclays forecast. Will this fundamental tightening in the Chinese market be sustained into second half of this year? The bank is sceptical of the longevity of this dynamic. Feedback to Barclays recent trip to China suggested that provinces hardest hit by smelter cuts in Q1, namely Guangxi and...
Alcoa announced last week that it is closing two potlines at its Baie-Comeau smelter in Quebec- 105,000 tonnes of annual production- scheduled to close by August. It is the first tranche of a total 460,000 tonnes of capacity placed under review by Alcoa at the start of May. “Given the company said that review would take place over a 15-month period, the Canadian cuts have come sooner than most were expecting,” Home continued. “At first glance, that appears to be an important signal that key producers are serious about addressing the twin problems of oversupply and excess capacity that dog the aluminium market.” Rising 2.1 percent to close at $1,840 per metric ton, the cash price of primary aluminum experienced the biggest change on the LME for Monday, May 20. On the LME, the aluminum...
Japan's domestic shipments of diecast aluminum alloy are expected to rise to about 43,000 mt in May as the weak yen shrinks imports from China, market sources said Tuesday. Domestic shipments were last seen around this level in March 2010, when they stood at 43,903 mt. Japanese secondary aluminum alloy smelter officials said their output of ADC12 alloy has surged since April as the weaker yen increased the price of imports and triggered end-users to buy locally. The currency has fallen against the US dollar to Yen 103 this week from Yen 79-80 in November. "Orders for ADC12 increased due to less imports from China while orders for other alloys are rather stable," said Masaharu Takeda, raw material procurement manager at Summit Showa Arumi. "We are at 90% run rate currently and the May...
Rio Tinto Alcan in Iceland has informed Landsvirkjun of a change to the scope of the ISAL Production Upgrade project for the company‘s aluminium plant in Straumsvik, Iceland. The initial plan anticipated that the annual production capacity of the aluminium plant would increase by 20% from 190 thousand tonnes of aluminium to 230 thousand tonnes. Rio Tinto Alcan has informed Landsvirkjun of a change to the original plan whereby an increase of 205 thousand tonnes is anticipated. In light of this, it is likely that the power needs of the aluminium plant will be less than originally expected. A power contract is in effect between Landsvirkjun and Rio Tinto Alcan and is valid until 2036. In accordance with the contract Landsvirkjun will provide 3,590 GWh of electricity annually and 410 MW of...
Tiwai Pt aluminium smelter workers have broken records for production per person at the plant. New Zealand Aluminium Smelters acting general manager Stewart Hamilton said the January to March quarter productivity reached 416 tonnes per person - the equivalent of 25 million aluminium cans. He said the figure included fulltime and contract workers. It was the first time the workers at the 42-year-old smelter had achieved more than 400 tonnes per person, which was double the productivity in 1995, he said. The old record was set in a three-month period in 2007, when workers achieved 390 tonnes per person. Total output in the 2007 quarter was 352,000 tonnes by 900 workers, including contractors. Total production in January to March this year was 322,000 tonnes produced by 800 workers,...
Aluminium Bahrain B.S.C. (Alba)'s commitment to increased safety awareness across the entire plant and to steer the organisation towards a zero accident work environment continues to gain greater momentum as the company's executive management held a safety meeting with some of its main contractors on Tuesday, May 7, 2013. Alba's Chief Executive, Tim Murray and Chief Operations Officer, Isa Al Ansari met with the contractors to highlight the positive steps the company is undertaking to ensure all-round safety, and how these steps resulted in the company achieving 4 million work hours without loss, time, injury (LTI) in the month of April. During the meeting, it was decided that monthly meetings will be held between the contractors and the hygiene, safety and environment team along with...
Alcoa, the American aluminium giant, pays a lot of attention to the environment when it comes to its various smelting, mining and refining operations around the world, but the company is facing criticism from some quarters over its stewardship of the Yadkin River in North Carolina. The company owns four hydro-electric dams on the river and needs a water quality permit from the State of North Carolina before it can seek a 50-year federal licence to operate the dams. Opinion is split as to whether Alcoa deserves the permit or not. Dean Naujoks, the Yadkin riverkeeper, says he is concerned over dissolved oxygen levels in the river, which determine water quality. Naujoks believes that more tests need to be done before Alcoa can take ownership of 401 certification. He says that fish in the...
