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....
Grow with
AL Circle
Aluminum Corporation of China (NYSE:ACH) closed Friday's unfavorable trading session at $14.64. In the past year, the stock has hit a 52-week low of $10.39 and 52-week high of $25.88. Aluminum Corporation of China (ACH) stock has been showing support around $14.05 and resistance in the $14.95 range. Technical indicators for the stock are Bullish. For a hedged play on Aluminum Corporation of China (ACH), look at the May '12 $12.00 covered call for a net debit in the $10.94 area. That is also the break-even stock price for this trade. This covered call has a duration of 194 days, provides 25.27% downside protection and an assigned return rate of 9.69% for an annualized return rate of 18.23% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend...
Australia's new carbon pricing plan will cause a contraction in the country's energy-intensive aluminum industry, already under pressure from cheaper Chinese output, the Australian Aluminium Council said on Tuesday. "This puts us at more of a disadvantage than we were at without the scheme," the council's executive director, Miles Prosser, told Reuters. "It is now difficult to envisage major expansion in Australia and this will certainly put a number of operations in Australia under severe pressure," Prosser said. Australia's parliament on Tuesday said it will impose a A$23 per tonne tax on carbon emissions for 500 of the biggest polluters across mining, energy, heavy manufacturing and transportation from mid-2012. Electricity comprises 30 percent of aluminum smelting costs. Predominantly...
(China Aluminium Network) Chinalco Qinghai Branch hosted review meeting for the three management systems (quality, environment, safety) on October 28. After three days’ on-site audit by six experts from the China Quality Certification Center, Chinalco Qinghai Branch passed the audit successfully. Leader of the expert group Zhu Limei highly appreciated the company’s achievement in operating the quality, environment and safety systems and proposed some suggestions on rectification and reform. General manager of Chinalco Qinghai Branch hoped that the audit could help to further improve the company’s management work.
At least 50 Emirates Aluminium (EMAL) employees headed to the beach to conduct the first ‘Green EMAL: Beach Cleaning Campaign’ for the Al Taweelah based smelter’s Port Facility. At least 50 Emirates Aluminium (EMAL) employees headed to the beach to conduct the first ‘Green EMAL: Beach Cleaning Campaign’ for the Al Taweelah based smelter’s Port Facility. A variety of wildlife call the EMAL seafront home, including some endangered species. The area provides nesting for critically endangered Hawksbill sea turtles, with up to 28 nests and 700 hatchlings observed successfully entering the sea during this year’s nesting season. 12 Ospreys - a fish eating bird of prey - were also observed nesting in the area. Saeed Fadhel Al Mazrooei, EMAL’s President and CEO, said: “The wildlife that has chosen...
Russia's UC RUSAL , the world's biggest aluminium producer, said it had registered two brands of its metal with the Shanghai Futures Exchange to increase sales in China, the world's largest consumer of the metal. "Growing urbanisation and industrial development will continue to drive China's dominant role in global aluminium consumption and RUSAL... is ready to meet this demand," Vladislav Solovyov, RUSAL's first deputy CEO, said in a statement on Monday. RUSAL is the second foreign aluminium producer to register with the exchange after U.S. aluminium major Alcoa . China consumes about 40 percent of the world's aluminium output.
Traded prices of spot aluminum in Shanghai were between RMB 16,200-16,240/mt on November 8th, with discounts of RMB 30/mt to premiums of RMB 10/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,270-16,300/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,160-16,200/mt. With stagnating SHFE aluminum prices, spot discounts over the SHFE current-month aluminum price widened due to weak demand. Transactions, however, were sparse.
Most active SHFE aluminum prices struggled around 5-day moving average on Tuesday. Spot aluminum prices fell slightly due to the lack of upward momentum, with mainstream transactions done at RMB 16,340-16,380/mt. Since futures market presented a weak track recently, cargo holders were much more passionate in selling goods, while downstream consumption remained stable, transactions were moderate in general.
Shares of Alcoa closed below the 50-day moving average of $10.78 on Monday. From a technical perspective, this is a sign of weakness as long as prices remain below the stock's moving average. Shares of AA settled the day down $0.1 to $10.81 on lighter than usual volume. Today, the stock price ranged between $10.58 and $11.02 per share. Investor expectations change with time, and they often do so abruptly. The development of resistance levels is probably the most noticeable and reoccurring event on price charts and can be triggered by investors expectations. Based on the pivot points, the current support and resistance levels for AA are $10.36 and $11.24 respectively. Alcoa Inc. is engaged in the production production and management of primary aluminum, fabricated aluminum, and alumina...
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX: RUALR, RTS: RUAL), world's largest aluminium producer, announces the Shanghai Futures Exchange registration of RUSAL's IRKAZ SUAL and RUSAL KH brands produced at the Irkutsk and Khakas aluminium smelters. The aluminium products are now deliverable against the SHFE Aluminium Contract. The registration at the SHFE represents a significant step in the Company's strategy to secure its long term presence in the Asian, and in particular, the Chinese market. The aluminium products registered at the SHFE are produced at the smelters in Siberia in direct proximity to China, the world's biggest aluminium consumer with a 40% share in global aluminium consumption. Presently RUSAL produces 3.5 million tonnes of aluminium per year at its smelters in...
Commodity reported that all the metals apart from Nickel closed higher and has continued to strengthen on Friday. Copper breaking above USD 8,000 per tonne after markets took some comfort from Tuesday's ECB rate cut and scrapping of the Greek referendum. The move up in prices has come alongside a tightening in nearby spreads for many metals, particularly in Zinc with the cash to three month spread the tightest since December 2010. This tightening is we believe being driven by a combination of short covering and a limited of availability of spot metal as a result of financing deals. SHFE copper and aluminum inventories increased this week while Zinc and Lead continued to decline. The drop in zinc and lead stocks in Barclays view reflects tightening in spot availability as producers hold...
Aluminum prices are at a low right now as investors worry about a weak US economy and a possible European recession negatively affecting the global industry. With aluminum being used in many different industries across the market weak aluminum prices could reflect broader economic troubles ahead. The Paragon Report examines investing opportunities in the Aluminum industry and provides equity research on Alcoa Inc and Century Aluminum Company. Access to the full company reports can be found at: Aluminum prices have fallen approximately 10% this year amid concerns that the global economic slowdown may cut demand for raw materials. While that number may be alarming, ten percent is the smallest drop among the six industrial metals traded on the London Metal Exchange. Aluminum has been taking...
Aluar Aluminio Argentina SA (ALUA.BA) said Monday that its production capacity has been reduced by 20% to 25% after a landslide damaged electric equipment that feeds power to its aluminum smelter. In a statement to the Buenos Aires Stock Exchange, Aluar said it's working to restore power to its smelter at the port city of Puerto Madryn in Chubut Province. The smelter draws electricity from the Futaleufu hydroelectric plant in the Andes mountains 500 kilometers to the west of Puerto Madryn, as well as thermoelectric sources. Aluar produced nearly 432,000 tons of aluminum and had sales of 4.58 billion pesos ($1.08 billion) during its fiscal year 2011.
For decades, Quebec’s foreign-owned aluminum sector has been a source of pride in a province that can use all the high-powered manufacturing might it can get. Boosted by financial backing from the government and cheap hydroelectric rates, the sector has played a starring role in the province’s economic development. But the three major players in North America’s most aluminum-intensive region – the third largest in the world after China and Russia – struggle to make Quebec a centre of aluminum-product innovation. Despite years of effort by the industry to update, including Alcoa’s confirmation of plans on Monday for a $2.1-billion expansion and modernization program at three Quebec facilities, the province remains for the most part a simple exporter of primary aluminum to the four corners...
The worsening debt issues of Greece and Italy have been continuously dampening market confidence. The meeting of European finance ministers did not present any breakthrough either. LME aluminum closed USD 11.3/mt or 0.53% lower at USD 2,125/mt overnight due to short selling at the tail of trading. Transactions volume of LME aluminum decreased to 5,679 lots. Total positions increased 62 lots to 892,695 lots. The latest LME aluminum stock increased 750 mt to 4,546,475 mt. Italy has become another focus of investor worries towards the European debt crisis. The market sentiment will not see much ease. SMM expects LME aluminum to test support at USD 2,100/mt and fluctuate between USD 2,100-2,140/mt today. The most active SHFE aluminum contract 1201 is expected to open lower near RMB 16,250/mt...
Dubai Aluminum Corporation Limited and Emirates Aluminum Company Limited showcased their technology development expertise at a specialist forum in Tasmania. The Emirati firms featured an in house research at the 10th Australasian Aluminum Smelting Technology Conference which took place last month in Launceston, Tasmania. Four papers detailing research and development projects at Dubal, an entirely state owned enterprise whose Jebel Ali operation ranks among the world’s largest single site smelters were presented at the conference. Two were presented by Ms Maryam Mohamed Al Jallaf senior manager of Process Control, Potrooms and Cell Lining namely: 1. Pushing the frontiers of anode current density at Dubal by Mr Ali HAM Al Zarouni, Ms Maryam Mohamed Al Jallaf and Mr Arvind Kumar and 2....
(China Aluminum Network) Since the very beginning of this year, through constant strengthen field management and fixation of functional region, the second electrolysis factory of Huaze Aluminum & Power has made great progress in production field management but still remained promotion space. In order to start work as soon as possible, the factory formulated a detailed plan in terms of improve each works and also held weekly meeting to arrange time, amount of work, work standards and assessment. On October 31st, field management has finished on schedule. The factory has got great improvement in field environment and obtained comprehensive advance in management standards. The factory will keep and improve field management to the end.
Billionaire Roman Abramovich had to be persuaded to invest in Russian aluminum plants in 2000 because “every three days someone was murdered in that business,” he told a London court. Abramovich, testifying in the $6.8 billion legal fight with his former business partner Boris Berezovsky, said he got into the aluminum business in spite of worker disputes and the presence of criminal gangs after being pressured by Badri Patarkatsishvili, an associate of Berezovsky. “I didn’t want to have anything to do with a business like that without Badri,” the 45-year-old billionaire owner of Chelsea Football Club said. “I wouldn’t have poked my nose in there.” Abramovich was part of a group who bought the assets, including one of the largest aluminum smelters in the world, for around $550 million in...
FEARS over potential job losses at one of south east Northumberland’s biggest employers have been raised in two parliaments., North east MPs have taken up the fight to save hundreds of jobs after it was revealed that Lynemouth’s Rio Tinto Alcan aluminium smelter and power station could be closed, as reported in the News Post Leader. Bosses at the multinational company are confident of being able to sell the power station, securing 120 jobs, but have admitted they are less optimistic about finding a buyer for the aluminium smelter, putting 630 jobs at risk. North east Conservative MEP Martin Callanan raised the issue in Strasbourg last week, saying the situation had been caused by the European Union’s obsession with environment restrictions that had “strangled” Alcan’s competitiveness. He...
