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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The National Bureau of Statistics announced yesterday that China’s CPI rose 2.4% YoY in April, but PPI declined 2.6% YoY, both missing forecasts. Although the latest US initial jobless claims continued to drop, the figure buoyed market confidence only limitedly. LME aluminum tried to reach USD 1,900/mt during the European session and finally closed 0.88% lower at USD 1,891.3/mt. Latest LME aluminum inventories increased 9,625 mt to 5,151,950 mt. Aluminum prices will remain low due to economic slowdown. LME aluminum should feel growing resistance at USD 1,900/mt and move within USD 1,870-1,910/mt on Friday. SHFE 1308 aluminum contract is expected to open at RMB 14,630/mt, with prices between RMB 14,580-14,680/mt. In spot market, traders will hold back goods, while downstream producers will...
The aluminium market deteriorated further in 2012, while the strong Australian and Canadian dollars did nothing to relieve cost pressures in the business, Rio Tinto chairman Jan du Plessis told the company's annual general meeting this morning. Mr du Plessis said these factors, coupled with high energy and raw material costs, substantially reduced market valuations across the aluminium industry worldwide. "Almost six years have passed since the announcement of the Alcan acquisition in early July 2007," he said. "In hindsight, this transaction was not only badly timed at the top of the market, but major structural changes over the last year or two have put the global aluminium industry under tremendous pressure. "In retrospect, we therefore have to acknowledge that the acquisition has had...
Alcoa led the Metals category of eight companies in the 2013 Fortune 500 ranking of the largest U.S. companies. It also ranked 128 in the overall ranking of the largest corporations based on revenues, profits and market value. Alcoa is one of the 57 original Fortune 500 companies which has been on the list every year since it was started in 1955. Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 125 years. Among the solutions Alcoa...
Aluminum prices fell by 0.54 per cent to INR 101.85 per kg in futures trading today as speculators offloaded their positions on the back of weak global trend. At the Multi Commodity Exchange, aluminum for delivery in May declined by INR 0.55, or 0.54 per cent, to INR 101.85 per kg in business turnover of 1,463 lots. Similarly, the metal for delivery in the June contract traded lower by INR 0.55, or 0.53 per cent, to INR 102.80 per kg in 212 lots. Analysts said speculators offloaded their positions in tandem with a weak global trend mainly influenced aluminium prices at futures trade. Meanwhile, aluminum lost 0.7 per cent to $ 1,894.75 a metric tonne on the London Metal Exchange.
Estonian Prime Minister Andrus Ansip, who is on a two-day official visit to Tajikistan offered the Tajik government to widely use the seaports of his country for the export of Tajik aluminum to other countries. "I am accompanied with the representatives of the business circles, who are interested in the cooperation, including in the aluminum sector. After the world financial crisis, demand for aluminum decreased, however, recently it is rallying. We hope for the increase of demand for aluminum, which will allow increasing its export, including via our ports," Ansip told journalists after his meeting with his Tajik counterpart Akyl Akylov. Akylov, for his part, said that during the negotiations both parties expressed mutual interest in the increase of the trade turnover, cooperation in the...
China saw trade surplus in April, alleviating concerns over slowing export-oriented economy. As a result, the US dollar index retreated from 82, helping commodity prices rebound. Longs entered the market, sending LME aluminum above USD 1,900/mt. Nevertheless, LME aluminum trimmed gains after touching a high of USD 1,924.8/mt at the tail of trading due to uncertain economic growth. Finally, LME aluminum closed 1.27% higher at USD 1,908/mt. Latest LME aluminum inventories decreased 17,750 mt to 5,142,325 mt. Investors are eyeing China’s April CPI due today. LME aluminum should test support at USD 1,900/mt and move within USD 1,890-1,930/mt on Thursday. SHFE 1308 aluminum contract is expected to open higher at RMB 14,665/mt, with prices between RMB 14,630-14,730/mt. In spot market, traders...
A small Aboriginal organisation in eastern Arnhem Land has helped secure a $160 million contract to supply diesel fuel to the Gove aluminium refinery. The tender to transport and distribute 21 million litres of diesel to Nhulunbuy, which was offered by Pacific Aluminium, was won by a joint venture between the Bunuwal Group and Cambridge Gulf Limited. It's expected the deal will create several full-time jobs for the local community, as well as training and development opportunities for those employees recruited. Cambridge Gulf Limited chief executive officer Tony Chafer says the contract is an expansion of CGL's similiar operations already existing in the Kimberley. "We really wanted to take our brand out somewhere else and try a different area," he said. "We believe in the benefit of...
SmarTrend identified a Downtrend for Aluminum of China on February 7th, 2013 at $11.38. In approximately 3 months, Aluminum of China has returned 13.85% as of today's recent price of $9.80. Over the past year, Aluminum of China has traded in a range of $8.95 to $13.29 and is now at $9.80, 9% above that low. Over the past week, the 200-day moving average has remained constant while the 50-day MA has declined 1%. Aluminum Corporation of China Limited is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts alumina to produce primary aluminum. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Aluminum of China.
The monthly Aluminum MMI® registered a value of 93 in May, on par with April’s value. In fact, only the cash and 3-month LME aluminum prices fell from one month ago, whereas Chinese billet, bar and scrap saw modest increases. “Aluminum likely remains range-bound as absent any dramatic drop-off in demand, or newly announced smelter closures, we don’t see tremendous price support – despite some analysts such as HARBOR still forecasting rising prices during the second half of 2013,” said Lisa Reisman, managing editor of MetalMiner. “On the flip side, we do see some longer price support for semi-finished aluminum products as aluminum-bodied cars come into full production,” she said. Chinese aluminum scrap gained 2.1 percent. The Chinese aluminum cash price saw its value rise 0.8 percent....
Workers at the Tiwai Point aluminium smelter in Southland are owed millions of dollars of back-pay for annual leave they were entitled to, but never received, the Employment Relations Authority has ruled. Engineering, Printing and Manufacturing Union members at the Bluff plant took a case to the ERA over the smelter owner New Zealand Aluminium Smelters' interpretation of lieu days for employees working 12-hour shifts. The union argued that since workers moved from eight-hour to 12-hour shifts about 20 years ago, their lieu day entitlements had been incorrectly calculated. The company continued to provide those working 12-hour shifts with an additional eight hours' paid leave for each public holiday, when it should have been providing them with 12 hours, the union said. The ERA ruled the...
Aluminium Bahrain B.S.C has announced its financial results for the first quarter of the year 2013. Alba's sales for the first quarter of 2013 reached $498m, up by $2m from $496m in Q1 2012 due to strong physical premiums and favourable management performance despite low LME prices. The company has registered a Net Income of $108m vs. $57m for the same period in 2012 - an increase of 89% YoY. In March 2013, Alba paid $52m as the final dividend for 2012 bringing the total dividend for 2012 to $105m. Commenting on Q1 2013 results, Alba's Chief Executive, Tim Murray, said, "Alba was able to deliver a solid quarterly financial performance despite tough LME market conditions. We were able to capitalize on a significant increase in product premiums on the back of a strong operational...
Skyrocketing aluminium output growth, predominantly in China, has led to a global crisis and market overheating. Prices have fallen (to $1800 per tonne), while global output shrank to a four-month low in March. The World Bureau of Metal Statistics estimated aluminium overproduction in January and February 2013 at 317,100 tonnes, despite a fairly rapid increase in demand by 472,000 to 7.6 million tonnes over the same period. China became the unrivalled dominant force in the aluminium market last year. According to various estimates, it accounts for between 44 percent and 50 percent of global output. What’s more, throughout last year China remained a net importer of unrefined aluminium (to be fair, the difference between its imports and exports was only 7000 tonnes), after exporting more...
Emirates Aluminium, a joint venture between Abu Dhabi investment fund Mubadala and Dubai Aluminium, is planning a further smelter expansion around 2017, its CEO said. The group is on track to complete its $4 billion phase two by the end of 2014, when it capacity will rise to 1.3 million tonnes from the current 800,000 tonnes a year, making it one of the largest single-site smelters in the world. The global aluminium industry is already facing a massive stock overhang, which is growing each month as smelters produce more than the world economy needs. Emal is still planning to build more capacity, however, as it expects demand for aluminium to rise from 46 million tonnes to 60 million tonnes by 2015, Emal Chief Executive Saeed al-Mazrooei told reporters during a visit on Tuesday to the...
Despite plunge in the Australian dollar yesterday following interest rate cuts, the euro was firm on better-than-expected Germany's March manufacturing orders, sending the US dollar index down. This lent some support to LME aluminum. However, LME aluminum failed to break through the 5-day and 30-day moving averages as trading volumes contracted by nearly half, and finally closed 0.30% lower at USD 1,884/mt. Latest LME aluminum inventories decreased 7,700 mt to 5,160,075 mt. Investors are cautious ahead of the announcement of China’s April economic indicators. LME aluminum should continue to stagnate at USD 1,880/mt and move within USD 1,860-1,895/mt on Wednesday. SHFE 1308 aluminum contract is expected to open lower at RMB 14,590/mt, with prices between RMB 14,550-14,650/mt. In spot...
The future of more than 500 workers at Portland’s Alcoa smelter is uncertain after the US-based company last week revealed it was reviewing worldwide production cuts. The company’s owners issued a statement last week announcing global operations could cut 460,000 metric tons, or about 11 per cent, of its smelting capacity over the next 15 months. The announcement follows the federal government-issued $42 million rescue package last year, with aluminium prices falling more than 33 per cent since its 2011 peak. An Alcoa spokeswoman was unable to comment about Portland specifically, saying it was too early to speculate what the review would mean for the smelter, which employs about 540 workers. Details of how the cuts would impact the Portland site, as well as 500 workers at Geelong, will...
The Alcoa Board of Directors has elected Paris Watts-Stanfield as the Vice President, Internal Audit and an Officer of the Company. In this role, she is accountable for Alcoa's worldwide audit activities in the Finance, Information Technology, and Environment, Health and Safety areas. Most recently she was Director of Internal Audit at Alcoa, responsible for leading the company's global Financial Business Process and IT audit groups. "Paris has extensive global corporate experience in the manufacturing, consumer products, and retail industries that will serve her well in this important role," said Bill Oplinger, Alcoa Executive Vice President and CFO.
Possible aluminum cutbacks Alcoa announced last week are "a potential positive" for the company and could lead other producers to follow suit, an analyst said Monday. The US aluminum major said Wednesday it plans to review 460,000 mt/year of its aluminum smelting capacity over the next 15 months for possible curtailment to maintain the company's competitiveness. It said aluminum prices have fallen more than 33% since their 2011 peak. "We believe Alcoa's announcement ... that it is reviewing smelter capacity for closure is a potential positive for Alcoa and for other aluminum producers such as Alumina Limited, Century Aluminum, and Noranda," equity researcher Davenport said Monday. "This action will lower costs for Alcoa (with improved earnings and cash flows), but also could lead to...
With an annual power consumption in Norway of around 12-13 TWh from four fully-owned and one part-owned smelter, Hydro is a high-volume player in the Nordic market and active within all instruments on offer at Nord Pool Spot. "Our move to gross bidding will represent a significant increase in market liquidity, help optimize our internal processes and quality-assurance, and raise our flexibility," Rønnaug Sægrov Mysterud, head of physical market optimization in Hydro's Energy business area, said. Hydro's Norwegian power production system consists of several hydropower stations located in the Telemark and Røldal-Suldal regions in the NO2 price area, and Sogn in NO5. Hydro's fully-owned Karmøy smelter and part-owned Søral smelter in Husnes are located in NO2, while the fully-owned Høyanger...
