Iran is expanding its domestic aluminium manufacturing capabilities through nanostructured anodising technology, developing specialised aluminium sheets and profiles for applications across aerospace, medical equipment, electronics and automotive industries. The initiative reflects a move towards higher-value aluminium products by improving the metal's surface properties and expanding its potential industrial applications. According to Pars Today, citing Mehr News Agency, an Iranian aluminium complex is using the technology to produce aluminium components with nanostructured ceramic coatings designed to improve resistance to corrosion and wear. The complex is also working on developing specialised aluminium standards and has so far established eight standards in this field. The...
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...
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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.
Qatalum has taken a central role in the Aluminium Middle East Dubai 2013 Conference, which has wrapped up after three days at the Dubai International Convention & Exhibition Centre. The exhibition conference, which took place over 23-25 April, was its third edition and brought together international industry front-runners including producers, manufacturers and processors of raw materials and end products made with aluminium components, as well as suppliers of technologies and accessories for aluminium production, processing and refinement. The focus was on the MENA region’s fast-growing role in the global aluminium industry, highlighting investment plans in new smelters and expansion of existing capacities by the regional market players from the GCC countries. Qatalum was involved both as...
The US durable goods orders declined 5.7% MoM in March, the biggest decline in eight months and well below expectations. The US dollar index fell below 83, helping LME aluminum find support at USD 1,900/mt. However, weak economic data curbed gains of LME aluminum, which met resistance at the 30-day moving average and only hit a high of USD 1,914/mt during early European session. Finally, LME aluminum ended the day 1.06% higher at USD 1,907/mt. Latest LME aluminum inventories decreased 9,125 mt to 5,167,075 mt. Aluminum prices should move within tight ranges in the short term, with LME aluminum expected to struggle at USD 1,900/mt and fluctuate between USD 1,890-1,910/mt on Thursday. SHFE 1307 aluminum contract will likely become the most active one today, which should open at RMB...
Alba’s Chief Executive, Tim Murray and other senior officials congratulated employees in person for their involvement in enabling Alba to achieve 4 million work hours without LTI. Aluminium Bahrain B.S.C.'s on-going drive to maintain a zero accident work environment for employees is generating positive results on a plant wide basis as the company announced that it has achieved 4 million work hours without Loss Time Injury. Alba 's Chief Executive, Tim Murray along with members of the Executive Management Team and other managers marked this safety milestone on the morning of Tuesday, April 23, 2013 by meeting employees at the gates and congratulating them on their involvement in this success. Employees were further commended on their commitment to be proactive on matters related to safety,...
SmarTrend identified a Downtrend for Century Aluminum on February 25th, 2013 at $8.25. In approximately 2 months, Century Aluminum has returned 21.58% as of today's recent price of $6.47. Over the past year, Century Aluminum has traded in a range of $5.52 to $9.70 and is now at $6.42, 16% above that low. In the last five trading sessions, the 50-day moving average has fallen 1.7% while the 200-day MA has remained constant. Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in Hawesville,...
Norsk Hydro, one of the world's biggest aluminium makers, beat first-quarter earnings forecasts due to higher prices, sales and cost cutting and predicted demand for the metal would return to levels that match supply this year. Hydro said on Wednesday its underlying operating profit rose to 1.08 billion crowns ($184 million) from 578 million crowns at the same time last year, and against analysts' average forecast of 726 million crowns in a Reuters poll. The company has been cutting costs in recent months to improve margins, after aluminium prices dipped to $1,830 in 2012 and demand for the metal was up just one percent. Aluminium prices were trading around $1,913 a tonne on Wednesday, but prices remain low - analysts have said it would take levels above $2,500 for firms to add new...
Russian billionaire Mikhail Prokhorov's Onexim group is considering buying the debt of aluminium giant RUSAL to increase its influence over strategy, or may sell out completely, Onexim's chief executive was quoted as saying. Onexim, which has a 17 percent stake in the world's largest primary aluminium producer, has been at loggerheads with its controlling shareholder, Oleg Deripaska, over corporate governance and its strategy regarding a 25 percent stake in nickel and palladium miner Norilsk Nickel. "We are definitely not giving up. We have different ideas - from buying Rusal's debt in order to have a possibility to influence the situation as a creditor, to the possibility of exiting the company," Onexim CEO Dmitry Razumov was quoted by financial business daily Kommersant as saying....
Forecasts for global aluminium prices bode ill for negotiations between Tiwai Point's owner, Rio Tinto, and state-owned enterprise Meridian Energy. The declining aluminium price prompted Rio Tinto to try to negotiate a better deal from Meridian for the smelter's power, which is sourced from Lake Manapouri and accounts for almost 15% of the country's output. China's diminishing demand and global stockpiles, plus estimates of an oversupply of up to 20% during the next three years, are contributing to aluminium's 15% price decline during the past almost two years. The foundering negotiations have raised the spectre of Rio Tinto exiting the 42-year-old loss-making smelter over a five-year period, jeopardising 600 direct jobs and up to 2500-3000 indirect ones around Invercargill. For the past...
The site of a former aluminium smelter owned by Alcoa on the banks of the Columbia River near Longview are to be cleaned up and transformed into $643 million coal export terminal. The American aluminium giant will submit a draft clean-up plan for the 416-acre site to the state Department of Ecology in June, which will then accept public comment prior to pushing ahead with a final decontamination plan for the former Reynolds Aluminium property. Alcoa, in conjunction with Millennium Bulk Terminals hope to turn the site into a coal export terminal and with this in mind have collected soil, landfill and mud deposit samples as well as groundwater and surface water samples. While the site has changed hands – from Reynolds Aluminium to Longview Aluminium to Chinook Ventures – the land is still...
Dozens of aluminum-related firms from China attended the biennial Aluminium Middle East trade fair which began onTuesday. China's biggest producer of aluminum processing machines CNPT from Luoyang, Henan Province, has been exhibiting for the third time this year. "But we are still looking for customers in the Gulf Arab countries. The market is very competitive," said Chu Jianhua, director of international business at CNPT. Chu added that CNPT tries to convince potential clients with China's long-term experience in designing processing solutions. In China, CNPT has a market share of 95 percent and is exporting its machines to 16 countries, among them Turkey and Iran. According to the fair's organizers Reed Exhibitions, the six Gulf countries, namely Saudi Arabia, Kuwait, Bahrain, Qatar,...
His Excellency Saeed Mohammed Ahmad Al Tayer, CEO and Managing Director of Dubai Electricity and Water Authority, and Vice Chairman of Dubal, inaugurated Aluminium Middle East 2013, the leading exhibition for aluminium products, technologies and investments in the Middle East, being held at the Dubai International Convention and Exhibition Centre. Event organizer Reed Exhibitions has revealed that 162 exhibitors from at least 25 countries are taking part in this edition of the exhibition, which is also expected to gather more than 3,500 trade visitors from over 70 countries. Aluminium Middle East 2013 runs until April 25 at Sheikh Saeed Halls 2 and 3 of DICEC. The 2013 edition underlines the Middle East and North African region's rapidly growing role in the global aluminium industry,...
The preliminary April manufacturing PMI from China and the US both fell sharply. The euro zone’s manufacturing index shrank to the lowest for the year, and Germany’s economy was also dragged down. These downbeat figures pushed the US dollar index up to 83. On the other hand, a mild rise in the US March new home sales and growing expectations for interest rate cut in the euro zone from worsening European economy partly offset negative effect from disappointing economic data. LME aluminum jumped to USD 1,908/mt during the European session, but later gave back some gains due to selling at highs. Finally, LME aluminum closed 0.32% lower at USD 1,887/mt. Latest LME aluminum inventories decreased 650 mt to 5,176,200 mt. Slowing global manufacturing activity will keep a lid on aluminum prices ....
Aluminium last week pierced the 3 year trend line at 1827 but bounced quickly from 1818 & we expected this to mark the low for the 2 month sell off. We have seen some weakness at the start of this week as expected to 1873 & below here today 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 very good buying opportunity once again. The daily picture is becoming more positive so eventually we should see a push higher, if not today then perhaps tomorrow. We should struggle at 1902 resistance but a could retest 1926/28 above. A break higher looks unlikely today but if seen could take us to 1953/58.
LME three months prices dipped below $ 1,850/t in mid-April, before short-covering moved the price back up towards $1,900/t. Commodities markets have been underperforming other asset classes this year, and the latest data out of China delivered another unpleasant surprise which sent commodity prices lower. China GDP in Q1 showed an unexpected deceleration in pace to 7.7% (from 7.9% y-o-y in Q4 2012). One factor behind the slowdown was the new government frugality and anti-bribery campaigns, which hit retails sales. However, high levels of inventories have also weighed on industrial production. Our survey of participants in China does indicate demand picked up after Chinese New Year, but not so much as to provide any upside surprises. Moreover, the Chinese market remains well supplied,...
Today, the Aluminum Association announced the addition of three new members to its Board of Directors. The Board provides strategic guidance and direction to the Association in promoting the production and use of aluminum as the sustainable material of choice. The appointments were finalized during the Aluminum Association's annual spring meeting in South Carolina. The Association elected Kelly Thomas , Senior Vice President and General Manager, North America Rolled Products at Aleris; Michelle O'Neill, Vice President of Government Affairs and Trade Policy for Alcoa; and Etienne Jacques , Chief Operating Officer for Rio Tinto Alcan Primary Metal North America, to the Board of Directors. "Kelly, Michelle and Etienne are all at the top of their field and will provide critical insight and...
With a 1.0 percent increase over the past day, the aluminum cash price was the biggest mover on the LME, closing at $1,873 per metric ton on Friday, April 19. On the LME, the aluminum 3-month price rose 0.7 percent to $1,901 per metric ton. The Indian aluminum cash price held steady. Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price rose 0.3 percent. Chinese aluminum scrap saw little change in its price last Friday. The price of Chinese aluminum billet showed little movement last Friday as well. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.
Persistently low aluminum prices are not the only difficulty faced by the world's leading producer, Rusal. The fall in profits of Norilsk Nickel, the Russian giant owning 28% stake in Bloomberg, was forced to revise yesterday sharply the amount of its losses last year. The loss has finally reached $ 337 million, not 55 million as it had said in early March, when publishing its accounts. In 2011, the group had recorded 237 million profits. The surprise is not complete. Rusal had warned that it would revise its results after the announcement on April 12, an annual profit down 41% in Norilsk Nickel. But analysts do not expect such a difference. The aluminum market is in surplus years. On the London Metal Exchange, metal prices have declined 10% since January, after a sleepless year 2012 and...
A source said the Ministry of Industry and Information Technology will release the list of aluminum smelters meeting environmental protection requirement within this year. He added that aluminum smelters in the list will obtain support from the government in terms of power tariff and loans. Another source from a large smelter said those not in the list will secure fewer loans from local governments and lose their competitiveness. Should aluminum prices remain low, these smelters will be forced to cut or halt production. The source added that the list will involve some medium and large producers who meet standards on environmental protection and energy-saving. Aluminum smelters are resorting to production cuts against existing overcapacity. Several large Chinese aluminum producers went to...
