Century Aluminum’s proposed USD 4 billion primary aluminum smelter in Inola, Oklahoma, is “moving forward on all fronts” as the company prepares for construction, despite local opposition and legal challenges, CEO Jesse Gary said during the company’s third-quarter earnings call. Developed jointly by Century Aluminum and Emirates Global Aluminium (EGA), the project is designed to produce 750,000 tonnes of primary aluminum annually, potentially doubling U.S. primary aluminum production. The facility is expected to create thousands of direct and indirect jobs and add USD 1.5 billion to Oklahoma’s gross domestic product, according to company estimates. The partners had targeted construction to begin by the end of 2026. However, local restrictions and permitting challenges have affected the...
LME aluminium stocks declined by more than half during the first nine months of 2026, falling by 267,875 tonnes from 509,250 tonnes on January 2 to 241,375 tonnes on September 30 (52.6 per cent). The decline continued throughout the period, with average warehouse inventories falling each month. Compared with the same period in 2025, monthly average stocks were lower across all nine months, with the gap widening in the third quarter. Q1 LME aluminium stocks fall 18.2 per cent LME aluminium inventories continued to decline during Q1 2026. Month-end stocks fell from 495,725 tonnes in January to 465,550 tonnes in February, before dropping further to 416,775 tonnes in March. Monthly average inventories stood at 498,670 tonnes in January, 481,801 tonnes in February and 440,710 tonnes in March....
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China unwrought Aluminium exports grew by 6.5% on a month on month basis in October 2011. The total exports were 64650 tons in October 2011 compared to 60715 tons in September 2011. On a yearly basis, the exports of unwrought Aluminium were down by 6.3% from 69005 tons in October 2010. Aluminium production in China was also quite flat in October month as per National Bureau of Statics. The total Aluminium production was 1414000 tons in October 2011, up only by 0.3%. Constant electricity problems and higher costs have tamed Aluminium production.
LME aluminum has turned neutral as it returned into a range of $2,096.25-$2,170 per tonne. The metal refused to fall below a key support at $2,096.25, indicating that a big upward wave ""C"" could develop. But so long as the contract stays below $2,170, the upward wave ""C"" will not be confirmed. The bias is still at the downside, as a fall from the Nov. 9 high of $2,170 has adopted a five-wave mode on the hourly chart.
Global challenges facing the aluminium industry will be examined at a conference in Oman. Bahrain will be represented by Alba, which is one of the sponsors of the 15th International Arab Aluminium Conference and Exhibition (Arabal 2011) taking place from today until Wednesday at the Grand Hyatt Palace, Muscat. Arabal 2011's theme will be "Global challenges for sustainable growth in the aluminium industry, and the role of smelters in the Gulf." The company will be one of the exhibitors at Arabal 2011 showcasing its product portfolio, production process and operations. Alba's sponsorship of Arabal 2011 expresses the company's resolve to bolster ties with smelters in the region, to contribute in enhancing the Arab world's status as a growing hub for the aluminium industry as well as to...
Engineering and construction group Kentz has won a $32.7M contract from Ma'aden Alcoa Aluminium joint venture. Kentz says the contract - placed with its operating unit Saudi Arabian Kentz Co - includes the installation of 30 kilometres of power cable, low voltage and control cables, lighting fixtures, small power distribution system, instrument field devices and control equipment. The work also includes pre-commissioning testing through to mechanical completion, procurement of electrical and instrumentation equipment and bulk materials. The contract will start immediately and is scheduled to be complete in November 2013. Kentz has been operating in Saudi Arabia since the late 1970s, executing projects in the oil and gas, petrochemical, mining and industrial sectors."
(China Aluminium Network) Chairman-cum-managing director of Chinalco Xiong Weiping visited China Nerin Engineering Co.Ltd on Nov. 6. Accompanied by Nerin’s chairman and general manager Zhang Xiaobo, Xiong visited Nerin’s newly built headquarters building. Zhang introduced Nerin’s achievements in technological innovation, corporate culture building and business development since its restructuring three years ago. Xiong said he was very pleased to see Nerin’s achievements. He also hoped that Nerin and Chinalco could strengthen mutual cooperation.
(China Aluminum Network) In recent days technicians of Sapa AB came to Chinalco Guizhou Aluminum Factory did a technical investigation for its aluminium profile raw material supply. The technicians and local principals conducted negotiation in terms of next cooperation intentions for both parties. The technicians asked about the productive technology and administrative situation of round bars, also visited the productive technology and equipments in casting workshop. This investigation was ended with harmonious atmosphere and Sapa technicians pleased with their frankly and sincerely cooperation attitude.
Below are the three companies in the Aluminum industry with the lowest price to sales per share ratios. Often companies with the lowest ratio present the greatest value to investors. Noranda Aluminum (NYSE:NOR) is lowest with a price to sales ratio of 0.37. Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills. Thus far today, Noranda Aluminum has traded 90,000 shares, vs. average volume of 278,000 shares per day. The stock has underperformed the Dow (-12.1% to the Dow's -2.1%) and...
Kaiser Aluminum (NASDAQ:KALU) is one of today's biggest movers, down 4.0% to $46.37. The Dow is down 2.1% to 11,920 and the S&P is currently down 2.3% to 1,247. In the past 52 weeks, Kaiser Aluminum share prices have been bracketed by a low of $40.12 and a high of $57.29 and are now at $46.37, 16% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.2% lower over the past week, respectively. Potential upside of 32.3% exists for Kaiser Aluminum, based on a current level of $46.37 and analysts' average consensus price target of $61.33. The stock should find initial resistance at its 50-day moving average (MA) of $47.19 and further resistance at its 200-day MA of $49.50. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated...
Non-ferrous metals producer Hindalco Industries lagged estimates with a 16 percent rise in quarterly net profit and warned the second half of this fiscal year would be tough due to global economic uncertainty and cost pressures. The firm, part of the diversified Aditya Birla Group, said on Thursday it expects aluminium demand to remain weak due to slowing economic growth, while copper demand in Asia's third largest economy is also seeing weakness in some segments. "The second half of FY12 (that ends on March 31) will be difficult due to global uncertainties, falling LME prices and persisting cost pressures," the company said in a statement. "It is expected to be challenging in terms of cost pressure, domestic demand and realisations," it said. The company, India's largest aluminium...
(China Aluminum Network) From 31st October to 6th November, price of means of production continued slide down. Among main means of production, price of minerals, rubber, light materials, building materials and steels all decreased, while chemicals kept stable and slight increase in energy and non-ferrous metals. Mineral products fell 2.2% and 2.5% for iron ore, on the other side price of copper mine increased 1.4% and steels fell 0.1%. 0.5mm silicon sheet and 1mm zinc coated sheet declined 1.3% and 1% respectively. Energy price rose 0.5%, then 1.3% and 1% for crude oil and raw coal, but coke price declined 0.5%. Non-ferrous metals price grew 1%, while 1# copper and 1# zinc grew 2.8% and 2.1% respectively, price of A00 aluminum declined 1.2%.
(China Aluminium Network) China’s production of primary aluminium in October rose 0.3% from year ago to 1.41 million tons, data from the National Bureau of Statistics showed on Wednesday. Output of refined copper hit 469,000 tons which rose 16.4% compared with last year. Lead production reached 411,000 tons while zinc output was 474,000 tons.
Novelis, the U.S. unit of India's largest aluminium producer HindalCo Industries Ltd , said its second-quarter profit nearly doubled on the back of higher average aluminum prices. The Atlanta-based aluminum products maker, however, cut its adjusted EBITDA forecast for fiscal 2012 due to the economic uncertainty in the euro zone, unseasonably cool weather and lower-than-expected growth in the electronics business. The company now expects adjusted earnings before interest, taxes, depreciation and amortization of $1.10-1.15 billion, lower than $1.15-$1.2 billion it forecast earlier. EBITDA for the second quarter rose 3 percent to $301 million. The net income jumped 94 percent to $120 million, while sales rose 14 percent to $2.9 billion. Shipments of aluminum-rolled products dipped by 2...
Weak overseas demand narrowed China’s trade surplus in October. The Italian debt issue was continuously weighing on global markets. Good news were that US new unemployment claims dropped to 390,000, a seven-month low, for the week ending on November 5th and Standard & Poor’s denied rumors that France’s debt rating would be cut, which helped lift up investors’ confidence. New York crude oil surged to USD 98/bbl overnight, and LME aluminum closed USD 24.8/mt or 1.16% higher at USD 2,149.8/mt supported by its energy attributes. LME aluminum also outperformed other base metals. Positions of the metal increased 11,311 lots to 903,506 lots. The latest LME aluminum stock decreased 4,050 mt to 4,536,875 mt. Global aluminum markets are expected to continue their recent fluctuating trends today due...
Aluminum producer Alcoa Inc is well on the way to reaching its increased revenue growth targets for two of its businesses, Chief Executive Officer Klaus Kleinfeld said on Wednesday. "On rolled products -- we set a target of adding $2.5 billion revenue to the top line by 2013," he said of the business that produces flat-rolled aluminum for the auto and aviation markets among others. "I believe we will get 50 to 60 percent of that revenue growth this year," Kleinfeld said at the company's investor day meeting at an Alcoa plant in Davenport, Iowa. He said much of the growth was from the auto industry, where new fuel efficiency requirements are driving demand for lighter-weight car and truck bodies. Also, there was sales growth in the aerospace sector, where plane makers have a considerable...
According to the preliminary data from the General Administration of Customs, China's imports of unwrought copper and copper semis were 383,507 mt during October, with YTD imports from January to October at3,112,261 mt, down 13.5% YoY. China's imports of scrap copper were 380 kt during October, with YTD imports from January to October at 3.81 million mt, up 7.8% YoY. China's imports of unwrought aluminum and aluminum semis were 60,186 mt in October, with YTD imports from January to October at 728,052 mt, down 8.6% YoY. Alumina imports were 260 kt during October, with YTD imports from January to October at 1450 kt, down 60% YoY. China's imports of scrap aluminum were 220 kt during October, with YTD imports from January to October at 2130 kt, down 9.2% YoY. China's exports of unwrought...
Russia exported 2.54 million metric tons of aluminum in the first nine months of the year, 2.4% more than in the corresponding period last year, the federal customs service said Wednesday. The aluminum exports amounted to $5.436 billion compared with $4.454 billion in the same period last year. Aluminum exports to countries outside the Commonwealth of the Independent States totaled 2.511 million tons, worth $5.369 billion. Exports to CIS states totaled 28,800 tons, worth $67 million.
Losses in its aluminium business and a weakening Indian rupee hit India-focused miner Vedanta Resources' half-year profits, outweighing the effect of higher revenue across the group. Vedanta said its underlying attributable profit dropped more than 34 percent to $186.3 million, below expectations on the back of lower contributions from subsidiaries, sending its shares down by more than 8 percent in early trade. Its attributable profit -- which includes the impact of mark-to-market foreign exchange losses at its Indian subsidiaries -- fell 92 percent. That was despite a 27 percent increase in core profit to $1.7 billion, in line with expectations as Vedanta benefitted from its newly acquired international zinc operations, and on the back of a 43 percent revenue rise as metal prices...
Argentina's biggest aluminum producer, Aluar (ALU.BA), will not meet its expected output of 475,000 tonnes this year as recent heavy rains flooded its smelter, the company's chief executive said on Wednesday. Aluar's primary aluminum production plant in the southern city of Puerto Madryn, will be fully operational in 90 days, Chief Executive Javier Madanes told Reuters. "We're no longer on track to produce 475,000 tonnes (this year). This will, without a doubt result in a loss of production," Madanes said. Electrical cabinets that flooded after torrential rains on Sunday night affected power reception and generation at the smelter. "I'm upset about this but it's not catastrophic ... it's nature, no one was harmed and it will be solved in the short term," he said, adding that Aluar aims to...
