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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Pacific Aluminium has asked the Invercargill City Council to hold off running an advertising campaign about the Tiwai Point smelter, while talks continue with Meridian Energy for a long term electricity supply deal. The company believes an agreement can be reached. Invercargill mayor Tim Shadbolt says they will wait for the next few days to see if there are any developments in talks before deciding on a strategy. He says thousands of jobs are at stake. So far there has been no resolution on power price after two days of talks in Wellington.
Aluminium failed below our target of 1929 & pulled back below 1914/13 risking a test of good support at 1894/93. A bounce from here should struggle at 1913/14 but a push through 1917 could allow another test of 1926/29 resistance. Above here at 1935/36 we should run out of steam so may be worth exiting any longs but shorts may need a stop above 1940. A break of support at 1894/93 however is possible with the market easing back from short term over bought oscillators & we could then see 1887/86. Failure here keeps the pressure on for 1877/76.
Crucial face-to-face talks between the owners of the Tiwai Point aluminium smelter and its electricity supplier, Meridian Energy, resume in Wellington today, with both sides blocking out the rest of the week, if necessary, to try and nut out a new electricity contract. Representatives of the smelter's 80 per cent owner, Pacific Aluminium, are due to arrive for the talks at Meridian's Wellington waterfront head office today, after pre-Easter drama in which Meridian said it thought a new contract "unlikely" and the government made an emergency subsidy offer. Tiwai Point is one of seven Australasian aluminium smelters owned by PacAl, a subsidiary of the Anglo-Australian mining giant Rio Tinto, which is trying to quit older smelters around the world as it struggles with massive writedowns on...
Aluminium production at 245 ktpa Korba-II smelter was 62,000 tonnes, in line with the corresponding prior quarter. The smelter operated above its rated capacity for the full year. At the 325ktpa Korba-III aluminium smelter, mechanical and electrical completion and pre-commissioning of the rectifier, potline and related utilities for the first phase of 84 pots out of the total 336 pots have been completed. Further work is in progress, and we plan to tap first metal in Q2 FY2014. The smelter plans to initially draw power from the existing 810MW power plants at BALCO. The first 300MW unit of the BALCO 1,200MW captive power plant is awaiting final stage regulatory approvals. Having obtained the Stage-II Forest Clearance for the 211mt coal block at BALCO, the process for diversion of forest...
Alcoa Inc., the largest US aluminium producer, has not changed its forecasted growth in demand in 2013 after reporting its first quarter earnings. That should be some comfort to investors in companies making non-ferrous metals, especially aluminium, as fears that the euro zone’s continuing problems and questions over China’s appetite for metals have gripped the market. Aluminium prices are down by 3.2% from a month ago. They have fallen by 10.9% since early-January. This had an effect on Alcoa’s performance as well, particularly in its primary aluminium business. The company processes aluminium into value-added products and also sells alumina, an intermediate good. Its aluminium business’ Ebitda per tonne of metal produced declined by 4.2% on a sequential basis, but that of its...
Rusal official says more aluminum-production cuts are needed to cut record-high inventories. Rusal estimates 1.5 million metric tons of supply should be cut. A 3% reduction in global output could bring LME stocks to pre-2008 levels in two or three years, according to Rusal official. About 1.5 million metric tons of aluminum production must be removed from the global market to reduce record-high inventories, said an executive at United Co. Rusal PLC , the world's largest producer of the lightweight metal. About 5.2 million metric tons of aluminum is currently sitting in London Metal Exchange warehouses, a situation that continues to worry Rusal, Oleg Mukhamedshin, the company's director for strategy and business development, told Dow Jones on the sidelines of the VTB Capital Investment...
China reported trade deficit in March, but metal imports actually fell sharply. The minutes of the US Federal Reserve (Fed)’s March meeting indicate that FOMC members debated over whether the Fed should slash the scale of asset purchases and bring quantitative easing to an end before the end of this year. This worried investors and helped the US dollar index rebound. LME aluminum dipped to USD 1,900/mt and lacked upward momentum, albeit strong support at the bottom. Finally, LME aluminum ended the day down 0.56% at USD 1,907.8/mt. Latest LME aluminum inventories decreased 250 mt to 5,202,900 mt. LME aluminum should struggle at USD 1,900/mt on Thursday, with prices between USD 1,880-1,920/mt. SHFE 1306 aluminum contract is expected to open lower at RMB 14,650/mt and move in a RMB...
As New Zealand Aluminium Smelters general manager Ryan Cavanagh prepares to leave his post this month, he tells Collette Devlin he is not jumping ship from the Tiwai Pt smelter. The rumour that the New Zealand Aluminium Smelters general manager was jumping a sinking ship have been swirling since the announcement of Mr Cavanagh's departure last month. Mr Cavanagh, who has has been the company's general manager since 2009, is leaving to take up the role of general manager at Pacific Aluminium's Gove bauxite mine and alumina refinery in Australia's Northern Territory, at the start of next month. He has been addressing the "jumping ship" rumour at various staff briefings at the smelter but says it will probably never be completely extinguished. "At the end of the day, I can look back at my...
Aluminium Bahrain B.S.C.'s commitment to maximise benefits to all of its stakeholders through the deployment of robust and effective information and communications technology across its overall operations placed the company as the winner of the e-Government Excellence Award 2013 in the e-Economy category. The award was announced on the opening day of the 7th Bahrain International e-Government Forum and IT Expo 2013 taking place at the Ritz Carlton Bahrain from April 8 - 10, 2013. Organised under the patronage of the Deputy Prime Minister and Chairman of the Supreme Committee for Information and Communication Technology, His Highness Shaikh Mohammed bin Mubarak Al Khalifa, the e-Government Excellence award was selected out of more than 100 entries by a jury committee comprising...
Global aluminum demand has been disappointing so far this year but current price levels offer good value, Deutsche Bank said Tuesday in its quarterly commodities comment. "Continued weakness in Europe has been exacerbated by disappointing demand from China and other emerging/developing markets. Only the US seems to be performing well in terms of growth and this is far from sufficient to meaningfully improve aluminium balances," the bank said. However, with prices currently trading around $1,900/mt on the London Metal Exchange, Deutsche Bank said that the aluminium market is approaching 'good value'. "We believe that aluminium appears attractive relative to some other industrial metals, particularly copper," Deutsche Bank said. It notes that there is still a significant amount of aluminium...
Investment bankers in the bankruptcy of US aluminum producer Ormet are still working the phones and holding face-to-face discussions to determine if anyone else, besides Wayzata Investment Partners, is interested in buying the company, a source involved in the case said Friday. The "bankers are pounding the pavement to see if there is interest" from a bidder not named Wayzata, which has agreed to pay $231 million in debt forgiveness and cash to the Hannibal, Ohio-based company, the source said. Whether the bankers will be successful in their mission is debatable. Ormet, which filed for Chapter 11 reorganization on February 25 in the US Bankruptcy Court for the District of Delaware, said in a previous court filing that it searched for potential buyers for some time in late 2012 and early...
Aluminium prices today rose marginally by 0.24 per cent in futures trade mostly in line with a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in April rose by 25 paise, or 0.24 per cent, to Rs 102.80 per kg in business turnover of 267 lots. Similarly, the metal for delivery in May traded higher by INR 0.20, or 0.19 per cent, to INR 104.30 per kg in 5 lots. Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.
The Saudi Arabian Mining Company has offered many investment opportunities in aluminum manufacturing industries and issued a booklet that includes a list of available investment opportunities. The booklet will be distributed to investors by chambers of commerce, the Royal Commission for Jubail and Yanbu, the Saudi Industrial Property Authority and Saudi Arabia's Industrial Clusters program. It is also featured on the company's website. The booklet is designed to raise awareness among investors of the investment opportunities in aluminum manufacturing industries such as aluminum foils, aluminum foundry alloys, and aluminum industrial extrusions, which has all experienced a remarkable growth in the Eastern Province recently. Khalid Al-Mudaifier, company CEO, said aluminum production began...
Emirates Aluminium signed a three-year agreement with Tejari to implement online management of buyer and supplier interaction throughout the organization in the presence of H.E. Sheikha Lubna Al Qasimi, the Minister of International Cooperation and Development and Khaldoon Al Mubarak, Chief Executive Officer and Managing Director of Mubadala. The agreement is a part of EMAL's goals to continually improve procurement processes, policies, technology, capabilities and competencies so as to achieve high performance and efficiency in supply-chain management. Under this agreement, EMAL's eTendering and eVendor activities will be managed on EMAL's eSourcing portal https://emalsourcing.tejari.com making use of Tejari's technology. Commenting on the agreement, Saeed Fadel Al Mazroeei, the CEO of...
Today, the Aluminum Association announced the addition of four new member companies during its Spring Meeting in South Carolina. "We are thrilled to have these companies come on board to strengthen the Aluminum Association's impact," said Layle "Kip" Smith, Aluminum Association Vice Chairman and CEO of Noranda Aluminum. "The Aluminum Association works diligently to enhance the competitive position of aluminum. We look forward to working with these new members on issues that impact the aluminum industry and promote its sustainability." The four new member companies are all joining as Associate members, firms that supply goods or services to the aluminum industry. These additions will bring total membership of the Aluminum Association to 95 consisting of 51 producer and 44 associate...
China announced yesterday its March CPI climbed 2.1% YoY, better than expected, but its PPI declined 1.9% YoY, pointing to negative growth for a 13th straight month and constraining upside space of commodity prices. The US dollar index was mired during the European trading session, helping LME aluminum advance to the highest for the month at USD 1,922/mt. However, resistance at the 20-day moving average remained due to limited growth in positions by longs. Finally, LME aluminum closed 1.40% higher at USD 1,918.5/mt. Latest LME aluminum inventories decreased 9,825 mt to 5,203,150 mt. Aluminum prices will move within tight ranges as markets are cautious. LME aluminum should test support at USD 1,900/mt on Wednesday, with prices between USD 1,900-1,930/mt. SHFE 1306 aluminum contract is...
LME aluminium is expected to edge up to a resistance at $1,909 per tonne, only a break above which could lead to a further gain to $1,920. The resistance is provided by the 50 percent Fibonacci retracement on the fall from the March 25 high of $1,956 to $1,862.75. It seems the rebound from $1,862.75 has been shaped into a rising wedge, which consists of five smaller waves labelled a, b, c, d and e. The wave e may end around $1,909, from which, the preceding downtrend will resume.
The GCC is expected to account for 13 per cent of the world’s total aluminium production by the end of 2013, with total output estimated to reach five million tonnes per year by 2014. Aluminium Bahrain, Dubai Aluminium, Emirates Aluminium, Qatar Aluminium, and Sohar in Oman collectively produced 3.73 million tonnes of primary aluminium in 2012, up seven per cent from 3.48 million tonnes in 2011, according to the Gulf Aluminium Council. The region is ramping up production even as global demand for aluminium is anticipated to reach 70 million tonnes per year by 2020. Abu Dhabi’s Emal plans to increase production capacity to 1.3 million tonnes by 2014 and the Ma’aden Aluminium Complex in Saudi Arabia’s Ras Al Khair, a $10.8 billion joint venture with Alcoa, will have a total output of...
