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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Alupress AG, an aluminum casting company based in Italy, said it will establish its new production facility in Laurens County. The $19.9 million investment is expected to generate 57 new jobs. “We are pleased with the opportunity to move forward with plans to locate our new production facility in Laurens County,” said Wolfgang Knollseisen, chief financial officer of Alupress AG. “The new plant will give us close proximity to our customers.” Alupress recently purchased Koerber LLC, now named Alupress LLC, in Laurens, and the company will open a new 30,000-square-foot aluminum castings plant. The plant will manufacture products for automotive industry clients. The new facility is expected to begin operations in 2014. “It’s always exciting to see another international company choose to set...
The IMF lowered last night its forecast for global economy for this year and the next. The US March economic indicators were disappointing and demand in China is slack. The ECB may consider cutting interest rate should the European economy shrink again. The euro fell overnight, pushing the US dollar index up 1%. LME aluminum retreated below all the moving averages to USD 1,877/mt during the European trading hours as shorts increased positions. Finally, LME aluminum ended the day down 1.65% at USD 1,891.5/mt. Latest LME aluminum inventories decreased 10,525 mt to 5,188,475 mt. LME aluminum should test support at USD 1,850/mt, with prices between USD 1,850-1,890/mt on Thursday. SHFE 1306 aluminum contract is expected to drop to RMB 14,400/mt at the bottom after opening lower at RMB...
SmarTrend identified a Downtrend for Aluminum of China on February 7th, 2013 at $11.38. In approximately 2 months, Aluminum of China has returned 17.80% as of today's recent price of $9.35. In the past 52 weeks, Aluminum of China share prices have been bracketed by a low of $8.98 and a high of $13.29 and are now at $9.35, 4% above that low price. In the last five trading sessions, the 50-day moving average has fallen 1.5% while the 200-day MA has remained constant. 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...
Dubai Aluminium, which owns and operates the world's largest single-site primary aluminium smelters using pre-bake anode technology, was again received with acclaim at 12th annual Careers Show Exhibition, which took place at the Dubai International Convention and Exhibition centre from 5 to 7 March 2012. Some 2000 people visited the company's exhibition stand, many of whom submitted their resumés in the hopes of obtaining employment at the UAE's industrial flagship. The event, held under the patronage of H H Sheikh Mohammed bin Rashid Al Maktoum (Vice President and Prime Minister of the UAE, and Ruler of Dubai), enables UAE Nationals in all fields of expertise to meet directly with recruiters and hiring managers — thus facilitating the fulfilment of the UAE's Emiratization strategy. Since...
Aluminium prices fell by 0.39 per cent to INR 102.40 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 April eased by INR 0.45, or 0.39 per cent, to INR 102.40 per kg in business turnover of 866 lots. Similarly, the metal for delivery in May traded lower by INR 0.40, or 0.38 per cent, to INR103.90 per kg in 74 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 concern demand from China, the biggest consumer of metals, will decline after the International Monetary Fund.
Calif-based Century Aluminum may be forced to cease operations at its Hawesville aluminum smelter, the company warned on Tuesday. Citing the high price of power to keep the plant running, Century issued a federal Worker Adjustment and Retraining Notification Act notification to the effect that the company may have to "curtail 100%" (i.e., shut down) plant operations on Aug. 20, 2013, if it is unable to find a power supplier offering better rates. Century's Hawesville plant currently receives power from the Big Rivers Electric Corporation, but its contract expires on Aug. 20. According to S&P Capital IQ, more than half of Century's 1,300 employees work at the Hawesville plant. In the event of a plant shutdown, all 750 jobs would be at risk . Century shares rose 1.4% in Tuesday trading to...
A top executive of the world's No1 aluminum producer, United Co Rusal, warned yesterday that the price of the metal may fall further unless production is cut as current stocks could last for another three years. The global inventory stands at five to six million tonnes, Rusal deputy chief executive Oleg Mukhamedshin said in Hong Kong. His comments coincided with the aluminum price hitting a four-year low of US$1,875 (HK$14,587) a tonne. Rusal has announced it will cut production by 300,000 tonnes this year. "We hope the whole industry can reduce by 1.5 million tonnes at the same time," Mukhamedshin said. He believes that would have a positive impact on the price of aluminum amid rising consumption. On the strength of continuing urbanization in the mainland, Mukhamedshin also expects...
Rio Tinto has reported that its production from Rio Tinto Alcan refinery has increased by 14 percent to 594000 tonnes in Q1 13 from Q1 12. The rise was on account of resolution of lockout at Alma and power outage at Shawinigan. When compared to fourth quarter ending previous year the production was up by 1 percent. Meanwhile, production of Aluminium in Pacific mine was 313000 tonnes, down 6 percent from last year and 2 percent from the fourth quarter ending previous year. Rio Tinto announced that Pacific Aluminium's Gove alumina refinery would continue operating as planning, approvals and delivery of the gas to Gove project progresses. This decision followed a commitment from the Northern Territory Government to release a portion of its contracted gas for on-sale to Gove. A number of...
Even though aluminium is perhaps the largest power-consuming industry, Qatar Aluminium Limited is doing whatever possible through the available solutions and technologies to minimise the damage to the environment in the country. Speaking to this newspaper at the company’s pavilion at the Qatar Petroleum Environment Fair at the Doha Exhibitions Center, Qatalum CEO Tom Petter Johansen said the state of art plant in Mesaieed and its extensively superior applications and technologies in production have ensured that the local environment remains protected up to a large extent. Aluminium, he said, has been in production in different parts of the world since the 1880s and more than 75% of the metal that was produced in the initial years is still in use at one place or the other. The Qatalum CEO...
While China might be cutting back its aluminium production by 700kt this year, according to a report in the South China Morning Post, the country is eclipsing the cut-backs by adding an estimated 4Mt of new capacity. As the global industry braces itself for more market surpluses and Chinese aluminium giant Chalco posts a HK$10 billion loss – based on depressed prices – aluminium is now the weakest performing metal on the LME and has been heading in that direction for the last four years.The exact amount of 2013 cut-backs in China is disputed: some say 500kt and others say 700kt (mainly by small-to-medium-sized companies). In many ways it’s academic as China adds 4Mt of new capacity and, in some instances, keeps older, less profitable operations running to stave off worries about...
According to the US Commerce Department, the country’s building permits were at a seasonally adjusted annual rate of 902,000 in March, falling short of forecasts. However, this was offset by upbeat housing starts in March, which surged to the highest level since June 2008 at 1.04 million units. Rebound in housing market, gold and crude oil helped alleviate bearishness and sent the US dollar index. Positions of LME aluminum decreased as much as 50,000 lots on short-covering. LME aluminum hit a high of USD 1,928/mt during European session, and finally ended the day up 2.52% at USD 1,923.3/mt. Latest LME aluminum inventories increased 6,675 mt to 5,199,000 mt. Aluminum prices will rebound, but only slightly as longs are cautious. LME aluminum should test support at USD 1,900/mt, with prices...
With a decline of 1.2 percent on the LME to $1,889 per metric ton on April 12, 2013, the aluminum 3-month price recorded the biggest decline of the day. The cash price of primary aluminum saw a 1.2 percent decline on the LME to $1,855 per metric ton. After falling 1.0 percent, the cash price of primary Indian aluminum reached a thirty-day low. Chinese aluminum prices were mixed for the day. Following two days of rising prices, the cash price of Chinese aluminum dropped 0.1 percent. Chinese aluminum scrap held its value last Friday. The price of Chinese aluminum billet was essentially unchanged. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat.
Reliance Steel & Aluminum Co. today announced that it has completed the previously announced acquisition of Metals USA Holdings Corp. for $20.65 per share in cash, pursuant to which Metals USA has become a wholly-owned subsidiary of Reliance. This acquisition adds a total of 48 service centers strategically located throughout the United States to Reliance’s existing operations and complements its existing customer base, product mix and geographic footprint. The purchase price for Metals USA was $786 million paid in cash at closing for the holders of Metals USA stock, options and restricted stock, and the assumption of $454 million of net debt, representing a Metals USA enterprise value of approximately $1.24 billion. Reliance funded the transaction and refinanced Metals USA indebtedness...
The London Metal Exchange said on Monday that it has received an application from Malaysian aluminum producer Daiki Aluminium Industry Sdn. Bhd. to list its DIKM brand for trading under the exchange's aluminum alloy and NASAAC futures contracts. Daiki has an aluminum smelter that is able to produce 28,800 metric tons of aluminum ingots a year. The exchange also said Monday that it has approved the name change of a special high grade zinc brand from EMC-H and EMC-K to EMC-H SHG and EMC-K SHG respectively.
In 2013, markets on the whole have not been on fire, but a noticeable laggard has been the metal stocks. Among other things, they have been hit by the pronounced slowdown in manufacturing and the dwindling business confidence. Manufacturing growth, already, is on a downward swirl. Aluminium, for instance, was trading at $2,000 per tonne on the London Metal Exchange last year. It has been stagnating at that level for almost two years now. India's leading aluminum manufacturer, Hindalco, reported a 4 per cent drop in net profit in the third quarter of 2012-13. Hindalco's shares are trading at below INR 90 per share. It hit a one-year low of INR 86.90 on March 26 from a high of INR 137 in January, dropping 34 per cent drop in three months. At the current demand situation, nearly 25 per cent...
Austrian aluminium products maker Alumero Group, which took up production in Slovenia last year on the ashes of aluminium plant Almont, is happy with its business in Slovenia, Alumero boss Manfred Rosenstatter has told the STA. The group made EUR 3.8m in revenues with its Slovenian plant in the second half of 2012. The Slovenian part of the group, which accounts for around 8% of the group's total revenues, generated EUR 140,000 in profit in its half-year operation last year and the group hopes to at least double the result to revenues of around EUR 7.5m this year. The Austrian company intends to keep the number of employees at 80 this year, but then double it in mid-term if the planned results are reached.
In trading on Monday, shares of Century Aluminum Co. entered into oversold territory, changing hands as low as $6.61 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Century Aluminum Co., the RSI reading has hit 26.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 34.8, the RSI of Spot Gold is at 17.4, and the RSI of Spot Silver is presently 17.2. A bullish investor could look at CENX’s 26.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point...
Aluminium prices fell to their lowest level in 3-1/2 years on Monday, tracking falls across base metals as lower-than-expected growth figures from major consumer China raised fears about the outlook for demand. Benchmark aluminium on the London Metal Exchange fell to $1,818 a tonne, its lowest level since early October 2009.
