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
AMG Advanced Metallurgical Group N.V. announces that AMG Aluminum has entered into a definitive agreement to sell its 45% equity interest in Nanjing Yunhai KB Alloys Co., Ltd to Nanjing Yunhai Special Metals Co., Ltd. The transaction is expected to close during the second quarter of 2013. This is the next step in AMG Aluminum's strategy to streamline its organization and seamlessly support its global customers, particularly in the Asia Pacific region. AMG Aluminum will continue to serve this region through its wholly owned subsidiary, AMG Aluminum China, which is located in Jiaxing, China. "The sale of YKB will enable AMG Aluminum to directly serve the growing Asia Pacific region with high quality products and world class technical capabilities that customers associate with AMG Aluminum",...
Century Aluminum Co. said Monday that it is buying the Sebree aluminum smelter from a subsidiary of Rio Tinto Alcan Inc. for about $61 million in cash. The news sent the Monterey, Calif.-based aluminum company's shares up 90 cents, or 13 percent, to $7.64 in afternoon trading. Under the agreement, Century will buy the smelter for $61 million in cash and will receive $71 million in working capital. In addition, Rio Tinto will retain the smelter's historical environmental liabilities and will fully fund the pension plan being assumed by Century. The Sebree smelter in Henderson County, Ky., employs over 500 people and has an annual production capacity of 205,000 metric tons of primary aluminum, Century said. The deal is subject to certain closing conditions, including the consent of Kenergy...
Reflecting the continuing corporate commitment to increase Emiratization levels in the organisation, Dubai Aluminium will again participate in the 13th annual Careers Show Exhibition, which takes place at the Dubai International Convention and Exhibition Centre from 30 April to 2 May 2013. The event which provides a platform for UAE Nationals with qualifications in diverse fields of expertise to meet directly with recruiters and hiring managers; as well as to seek out various training and career opportunities also presents a valuable opportunity to raise the corporate profile of DUBAL and attract the interest of high calibre candidates for recruitment. Reinforcing the company’s acknowledged status as the UAE’s industrial flagship and a preferred employer in the region, DUBAL will have a...
Century Aluminum Co. hopes to move into its new headquarters in Chicago in July, according to company officials. "We believe (the move) will come in on time and under budget, so that when we talk to you in July to report the second quarter, we'll be talking to you from our new offices in Chicago,"president and chief executive officer Michael Bless said during a conference call with analysts. Costs associated with the move totaled $2.2 million in the first quarter and are expected to reach another $5 million over the next two quarters, treasurer and senior vice president of finance Shelly Harrison said.
Aluminium prices fell by 0.39 per cent to INR101.90 per kg in futures trading today as speculators reduced their positions amid weak global cues. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in May eased by INR 0.40, or 0.39 per cent, to INR101.90 per kg in business turnover of 150 lots. Similarly, the metal for delivery in April traded lower by INR 0.35, or 0.35 per cent, to INR 100.05 per kg in 415 lots. Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME on demand concern after lower-than-forecast growth in the US and China, the world's biggest consumers of the metal.
Aluminum Corp. of China Ltd.'s first-quarter net loss was worse than expected because of high raw-material costs and weak aluminum prices, which could continue to prevent Chalco from returning to profit. Chalco, which has been grappling with falling demand for aluminum products since the 2008 financial crisis, could be delisted from the Shanghai Stock Exchange if it continues to post losses in the next few years. It swung to a net loss last year and said it expects to become profitable this year by containing costs. China's biggest alumina and aluminum producer by output said Friday it had a net loss of 975 million yuan ($158 million) in the three months ended March 31. The result was better than its net loss of 1.09 billion yuan in the year-earlier period, but was worse than the average...
AMG Advanced Metallurgical Group N.V. said AMG Aluminum has entered into a definitive agreement to sell its 45 percent equity interest in Nanjing Yunhai KB Alloys Co., Ltd or YKB to Nanjing Yunhai Special Metals Co., Ltd. The transaction is expected to close during the second quarter. According to the company, this is the next step in AMG Aluminum's strategy to streamline its organization and support its global customers, particularly in the Asia Pacific region. AMG Aluminum will continue to serve this region through its wholly owned subsidiary, AMG Aluminum China, located in Jiaxing, China. AMG Aluminum is a provider of aluminum master alloys and grain refiners for the aluminum industry. It has over 350 employees and five ISO 9001 manufacturing plants in Brazil, China, the U.K. and the...
Alcoa Inc., the biggest U.S. aluminum producer, had its credit rating outlook revised by Standard & Poor’s Ratings Services to negative after a slump in the price of the metal. At current aluminum prices, Alcoa’s cashflow and debt are “well outside our expectations” for the company’s BBB- corporate credit rating, Standard & Poor’s said in a statement today. The rating is the lowest investment-grade level. “We expect the company to continue to post lower-than- anticipated credit measures because of continuing weak aluminum prices,” S&P said in the statement. “The company’s credit measures will remain weak at least through 2013, reflecting current weak prices, sluggish European demand, and slower-than- expected growth in China thus far this year.” Moody’s Investors Service Inc. said in...
State-owned aluminium producer Nalco aims over three-fold increase in its turnover to $4618 million by 2020. The Bhubneswar-based company in an MoU with the ministry of mines for 2013-14 said its gross sales is projected to go up to $1345 million in 2012-13 from $1280 million achieved a year earlier. According to the MoU, Nalco hopes to clock $1433 million gross sales in the current fiscal. The company is yet to announce its financial results for FY2012-13. Nalco has set a target for production of aluminium and alumina at 1.7 million tonnes and four MT, respectively by 2020. One of the objectives of the company is also to transform itself from being only an “aluminium producer” to a metal producer and energy provider. It also plans to venture into two new fields of activity beyond...
Aluminium held on to 1873 support again yesterday & is hovering above 1902 resistance. If we can push through 1910 we could retest 1926/28. A break higher looks unlikely today but if seen could take us to 1953/58. Below 1885 support we should see 1873 trade then a break of the week’s low so far at 1869 targets good support at 1860. However we cannot rule out a break lower to 1850/41 & possibly even a test of the 1818 lows. This should offer a good buying opportunity once again.
Aluminium Middle East 2013, the leading exhibition for aluminium products, technologies and investments in the Middle East, concluded recently in Dubai with several trade exhibitors closing high-value deals during the three-day event held at the Dubai International Convention and Exhibition Centre. The event was inaugurated by His Excellency Saeed Mohammed Ahmad Al Tayer, CEO and Managing Director of Dubai Electricity and Water Authority, and Vice Chairman of Dubal. Event organiser Reed Exhibitions also revealed that Aluminium Middle East 2013 registered a record turnout of more than 3,000 trade visitors from over 70 countries and a total of 162 exhibitors from 25 countries. Gulf Extrusions, a leading global manufacturer of extruded aluminium products, was one of the exhibitors that...
Weakening prices changed direction when the aluminum cash price rose 1.0 percent on Wednesday, April 24 on the LME to $1,858 per metric ton. On the LME, the 3-month price of aluminum inched up 0.9 percent to $1,888 per metric ton. The cash price of primary Indian aluminum gained 0.7 percent. Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum saw little price change on Wednesday. Chinese aluminum scrap stayed flat. The price of Chinese aluminum billet also remained essentially flat. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat.
Aluminum may rise for a third week next week in London, though gains are likely to be capped at about $2,000 a metric ton, according to technical analysis by Barclays Plc. The chart shows prices yesterday climbed above $1,928 a ton, the top of the range that starts with the April 16 session. The 50 percent retracement of the drop from Feb. 15 to April 15, a level singled out in so-called Fibonacci analysis, and the 200-day moving average lie ahead, forming resistance, said Lynnden Branigan, a technical analyst at Barclays. “Given the corrective upticks in the base complex, aluminum could be dragged higher over the next week,” Branigan said in an e-mail yesterday. “The break above $1,928 is expected to be capped in the $2,000 area.” The lightweight metal, used in products from soda cans to...
The state-run National Aluminium Company Limited has declared an interim dividend amounting to $36 million for the financial year 2012-13, which includes the Indian government share of $29 million. The cheque for interim dividend was handed over to union minister of mines Dinsha J. Patel, by Nalco chairman and managing director Ansuman Das in New Delhi Thursday, the company here said in a statement. After the recent divestment of shares through OFS, the central government holds 81.06 per cent shares of Nalco. The remaining shares are held by over 66,000 shareholders including banks, financial institutions and individual shareholders. Since inception, Nalco has paid $811 million as dividend, including $705 million as share of central government.
The US initial jobless claims dropped more than expected to 339,000 in the week ended April 20. Rising unemployment rate in Spain and France raised hopes for interest rate cuts by central banks. Longs entered the market at low prices, pushing LME aluminum to a high of USD 1,944.3/mt. Finally, LME aluminum ended the day up 1.86% at USD 1,942.5/mt. Latest LME aluminum inventories decreased 8,075 mt to 5,159,000 mt. Risk aversion before the upcoming three-day Chinese public holiday will keep the light metal in check. LME aluminum should meet resistance at USD 1,940/mt and fluctuate between USD 1,910-1,940/mt on Friday. SHFE 1307 aluminum contract will open higher at RMB 14,660/mt and move in a RMB 14,600-14,700/mt range. In spot market, traders will be eager to sell, while downstream...
Aluminium Bahrain hosted a high-level gathering of leading players from the aluminium industry at the prestigious Gulf Aluminium Dinner that took place in the Kingdom of Bahrain on Saturday, April 20, 2013 at the iconic Bahrain National Theatre. The Gulf Aluminium Dinner - organised by the Gulf Aluminium Council - takes place in different member countries each year, and provides an ideal platform for discussing opportunities and challenges facing the industry. The Chairman of Alba 's Board of Directors, Mahmood Hashim Al Kooheji gave an address to the invited guests at the Gulf Aluminium Dinner. The invitees - comprising key decision makers from aluminium producing companies, technology providers, power generation manufacturers, traders and aluminium users from across the world -- were...
The aluminum market continues to be volatile, and Century Aluminum continues to discuss power arrangements for its Hawesville, Ky. and Ravenswood plants, according to Century President and Chief Executive Officer Michael Bless. Century reported a net income of $8.3 million for the first quarter of 2013 in its April 25 quarterly earnings report. Bless said in the news release that Century expects medium and longer-term global trends to be favorable, so the company will execute its strategic plans, but it is working to preserve its flexibility "in the present uncertain environment." "We continue to discuss with Hawesville's electric power provider an arrangement for supply after the termination of the existing contract in August," Bless said in the news release. "We remain optimistic that a...
On Tuesday, April 23, Chinese aluminum billet jumped up 2.1 percent, making it the day’s biggest increase. The cash price of Chinese aluminum fell 0.2 percent. The price of Chinese aluminum bar was unchanged. The price of Chinese aluminum scrap remained essentially flat. On the LME, the primary aluminum cash price declined 1.6 percent to $1,841 per metric ton. The 3-month price of aluminum weakened by 1.5 percent on the LME, settling at $1,872 per metric ton. The Indian aluminum cash price inched up 1.2 percent.
