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EGA records 34% rise in net profit in H1 2026 despite Al Taweelah production cut
12 Aug 20265MINS
Primary AL
Emirates Global Aluminium reported resilient financial performance for the first half of 2026 despite logistical and geopolitical disruptions arising from the regional conflict in the Gulf since March. EGA delivered Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of AED 4,506 million (USD 1,227 million), up 11 per cent from AED 4,065 million (USD 1,107 million) in H1 2025. The increase was driven by higher realised aluminium prices, stronger regional premiums, l ...
NALCO, Hindalco, Vedanta Aluminium shares surge up to 8.8% as Alunorte refinery cuts alumina output by 50%
12 Aug 20263MINS
Primary AL
Shares of aluminium companies NALCO, Hindalco Industries and Vedanta Aluminium Metal surged on Wednesday, August 12, after Norsk Hydro ASA reported that its Alunorte alumina refinery in Brazil had reduced production to 50 per cent of capacity due to a shortage of natural gas. The production cut has pushed aluminium prices to a seven-week high. On the London Metal Exchange (LME), spot aluminium prices are currently around USD 3,373 per tonne, compared with an average of USD 3,565 a tonne in Q1 ...

12 Aug 20262MINS
Primary AL
LME aluminium prices advanced on August 11, with cash and three-month contracts rising by more than 1 per cent as LME stocks continued to edge lower. The LME aluminium cash bid price increased to USD 3,372 per tonne on August 11 from USD 3,327 per tonne on August 10, marking a rise of 1.35 per cent. The cash offer price also climbed to USD 3,373 per tonne from USD 3,327.5 per tonne, up 1.37 per cent. The three-month bid price stood at USD 3,373 per tonne, compared with USD 3,320 per tonne a ...
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