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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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.
Aluminium broke support at 1887/86 & although we did expect lower prices the break of 1862 lows so quickly was a surprise. There is no sign of a bounce at this stage so continued weakness could take us as far as 1847/44 then 1837/36. It is not worth fighting this down trend so we cannot rule out a test of 2010 & 2012 lows, perhaps as soon as this week, at 1830/27. Resistance is seen at 1868/70 but a push higher could take us to 1883/87. Look for a top here but any shorts need a stop above 1895.
Aluminium Bahrain B.S.C.'s position as an employer of choice for Bahraini nationals was further consolidated with the top award given to the company for Excellence in Vocational Training and Development by Bahrain's Ministry of Labour at a glittering ceremony held at Crowne Plaza Bahrain on Tuesday, April 9, 2013. His Excellency the Minister of Labour and Chairman of High Council for Vocational Training, Jameel bin Mohammed Al Humaidan presented the award to Alba's Senior Manager for Human Resources & Public Relations, Abdul Rahman Mohammed Janahi, and Manager for Training & Recruitment, Rawdha Salman Al Aradhi. The award was given to companies who were involved in developing their own vocational training programme for Bahraini nationals that gave the companies exemption from paying...
China’s slowing Q1 GDP growth dampened market sentiment. This is compounded by a sharp decline of April New York Fed manufacturing index to 3.05 and a third straight monthly drop of April NABH Housing Market Index to 42. Shorts dominated the market due to worries over demand, sending LME aluminum down to USD 1,818/mt during early European session, the lowest since October 2009. However, LME aluminum managed to reverse losses due to limited upside space of the US dollar index and short-covering. Finally, LME aluminum closed 1.12% higher at USD 1,876/mt. Latest LME aluminum inventories decreased 2,425 mt to 5,192,325 mt. Cost support will help aluminum prices resist declines, despite oversupply pressure. LME aluminum should struggle at USD 1,850/mt, with prices between USD 1,825-1,875/mt on...
Today, shares of Century Aluminum have crossed bearishly below their 10-day moving average of $7.33 on a volume of 281K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term. Century Aluminum has overhead space with shares priced $7.17, or 15.6% below the average consensus analyst price target of $8.50. The stock should run into initial resistance at its 200-day moving average of $7.64 and subsequent resistance at its 50-day MA of $8.25. 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...
Shenzhen-listed Yunnan Aluminium Co, one of China's leading aluminum smelters, is expecting to record first quarter losses totaling between 70 million yuan ($11.31 million) and 75 million yuan, nearly three times the 24.28 million yuan deficit it wrote down during the same period last year, the company warned in an exchange filing Monday. The company's forecasted slump is largely in line with faltering performances seen across the aluminum industry in China, the world's largest producer and consumer of the nonferrous metal, as bearish conditions continue to cloud the market, experts told the Global Times Monday. With a growing number of aluminum smelters disclosing annual results, many of the industry's bigger players are showing greater pessimism about their prospects for the near- to...
Committed to innovation through technology, yet equally dedicated to protecting the environment. This has been the approach taken by Dubai Aluminium to the establishment and advancement of its operations over the three decades since the company's inception in 1979. Indeed, by incorporating advancing technologies in a series of successive expansion projects, DUBAL's hot metal production capacity has increased more than seven-fold over the past 33 years - but without increasing the operations' environmental impact either through fossil-fuel consumption for power generation or emissions to the atmosphere. The success of this approach underscores DUBAL's repeat participation at this year's Water Energy Technology and Environment Exhibition, again as a Strategic Sponsor of the event. Held at...
Aluminium smelters are set to open in China at a faster pace than producers there and worldwide shut loss-making plants to tackle a glut that keeps the metal's prices weak. So far this year, analysts estimate cutbacks in aluminium production have totaled as much as 700,000 tonnes in China, the world's biggest consumer and producer, after prices shed more than 10 percent since January. That alone could bring an over-supplied market into balance - the global market surplus is forecast at 687,455 tonnes this year and 747,000 tonnes in 2014, according to analysts polled by Reuters. But China is on course to add around 4 million tonnes of new capacity this year, much of it with lower cash costs by using cheap energy sources, according to Janet Kong, managing director of research at China...
Aluminium broke support at 1894/93 as feared to test & hold the next level of 1887/86. Failure here today however keeps the pressure on for 1877/76. We could start to look over sold in the short term here & with the daily chart showing more positive signals this could be a good buying opportunity but we may need stops below 1872 in case of a test of 1868/63 lows. Resistance at 1902/03 has held the bounce & it looks unlikely to be broken today but a push through 1906 would target 1911/13. We can try shorts here with a stop above 1917 for 1926/29.
The cash price of primary Indian aluminum saw a 1.2 percent drop on April 11, 2013, making it the biggest mover of the day on MetalMiner’s price index. On the LME, the cash price of primary aluminum rose 1.0 percent to $1,878 per metric ton. On the LME, the aluminum 3-month price gained 0.9 percent to finish at $1,913 per metric ton. Chinese aluminum closed mixed on Thursday. The Chinese aluminum cash price finished the market day up 0.5 percent per metric ton. The price of Chinese aluminum scrap held steady. Following a two-day rise, the price of Chinese aluminum billet flattened, and for the fifth consecutive day, the price of Chinese aluminum bar held flat also.
The renegotiation of favourable special pricing agreements between BHP Billiton and Eskom will undermine investor confidence in commercial contracts in South Africa. The special pricing arrangement involves two contracts agreed on in 1995 and 2001, which essentially see BHP Billiton paying between 20c and 26c for every kilowatt hour used, compared with the 47c that it costs Eskom to produce this power and the 66c at which it sells electricity to other consumers, according to calculations by energy analyst Chris Yelland. The details of the once-secret agreement emerged after a decision by the Supreme Court of Appeal last month. Eskom said it submitted a formal application to the National Energy Regulator of South Africa (Nersa) last October. It argued that due to changed circumstances in...
China plans to publish a list of aluminium smelters that meet its environmental standards, with firms selected receiving help in cutting costs, while those left off could be forced to curb output as they become less competitive. Lower production in the world's top producer and consumer of aluminium would help support international prices, which have fallen more than 8 percent so far this year. The Ministry of Industry and Information Technology is preparing the move in the wake of a similar list for steel mills published last week, with the country's new leaders under pressure to tackle a festering pollution crisis that has become a source of increasing public fury. "The ministry has not done (the list for aluminium smelters yet). It should be within this year," said an industry source...
Despite occasional glimpses of hope that the Columbia Falls Aluminum Co. plant would resume operations, the shuttered facility’s future is more uncertain than ever as the U.S. Environmental Protection Agency begins investigating the site for hazardous pollutants and scepticism over the prospect of a long-awaited power deal mounts. And while officials say neither a federal clean-up nor a site investigation would automatically preclude the plant from reopening if a deal was brokered, the scenario seems increasingly unlikely, though not out of the question. “We came close a couple times. Most recently we had some Christmastime hopes that there was going to be an announcement that they would reopen,” Virginia Sloan of U.S. Sen. Jon Tester’s office told the Flathead Basin Commission at its...
Russian aluminum company UC Rusal plans to buy the Bogoslovsk Combined Heat and Power Plant from IES Holding in 2013, the Director of Natural Monopoly Relations at Rusal Maxim Balashov told reporters. "We plan to close the deal this year as soon as we agree on a price," he said. The asset was already appraised two years ago, but "in our opinion," the valuation was overstated, he said. Rusal said later that talks with IES Holding regarding the possibility of buying the plan were ongoing and that a final decision had not been reached. "Information that Rusal has reached agreement on the purchase and that the sides have reached a decision is not accurate as of the moment," the company said in a statement. In December 2011, after Rusal started to gradually power down the electrolysis baths at...
The US Labor Department announced overnight that US initial jobless claims dropped more than expected to 346,000 in the week ended April 6, boosting confidence over recovery in the country’s jobs market. A weaker US dollar also offered support to the low-end price of commodities. Nevertheless, LME aluminum slipped all the way down to USD 1,887/mt during European session, and failed to regain the 5-day moving average despite upbeat US economic figures. Finally, LME aluminum ended the day down 0.62% at USD 1,896/mt. Latest LME aluminum inventories decreased 10,800 mt to 5,192,100mt. A softer US dollar will help aluminum prices hold stable. LME aluminum should rise to test resistance at USD 1,900/mt on Friday, with prices between USD 1,880-1,920/mt. SHFE 1306 aluminum contract is expected to...
On Saturday April 6, 2013 over 40 Alcoa Fastening Systems Simi Valley employees, their families and friends came together to beautify the Strathearn Historical Park and Museum by cleaning up the museum’s exhibit to prepare it for their 2013 Spring opening. In addition to being open for Docent led tours, School Tours and many Specialized Events, the Simi Valley Historical Society holds many unique events throughout the year. As a result of the volunteer effort the Stathearn Historical Park and Museum will be eligible to receive an ACTION grant from the Alcoa Foundation for $1,500.00 to support their programs. This is the fifth consecutive year the employees of AFS have come together to help beauty and preserve the historical artifacts of Simi Valley. The Alcoa Volunteers program, ACTION...
Aluminium prices at India’s Multi Commodities Exchange witnessed a bearish phenomenon. The April Contract is now trading around 102.05-103.15 INR/kg levels. Release on Euro zone Consumer Prices Index and U.S Jobless claims is likely to be announced may pressurize base metal pack. Aluminium settled down as pressure seen after the report showed China imported 200,000 mt of alumina during March, down 54.5% YoY. Strength in Dollar index may impact dollar denominated commodities. In LME markets, aluminium closed at $ 1878 levels. Short recovery was seen in global markets. On Thursday trade, aluminium April contract rose to a high of 103.45 INR/kg at 02.35 pm IST and is expected to trade negative in later session. For intra-day, support is now seen at 101.50, 101.10 levels and resistance at...
Aluminum of China is one of today's biggest movers, up 1.3% to $9.32. The Dow is trading fractionally higher to 14,619 and the S&P is currently trading fractionally higher to 1,564. 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. Potential upside of 3.8% exists for Aluminum of China, based on a current level of $9.32 and analysts' average consensus price target of $9.67. Aluminum of China shares should first meet resistance at the 50-day moving average of $10.71 and find additional resistance at the 200-day MA of $10.79. 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 $9.32, 4%...
