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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A meeting of the Committee of Directors of National Aluminium Company Ltd is scheduled to be held on November 12, 2011 to take on record the Unaudited Financial Results for the quarter ended September 30, 2011 (Q2). The stock was trading at Rs.62.55, down by Rs.0.60 or 0.95%. The stock hit an intraday high of Rs.64 and low of Rs.62. The total traded quantity was 0.28 lakhs compared to 2 week average of 0.22 lakhs.
Aluminum prices have the best chances of rising in 2012, among all six base metals traded on the London Metal Exchange, as the metal is "a nation-building material and an emerging middle class material [in auto and consumer-packaging sectors]," Paul Robinson, group manager of nonferrous metals at CRU Group, said Thursday. There may some short-term price volatility due to economic uncertainty, but prices will likely rise 15% in the next five years due to a potential slowdown in supply, he said during an industry conference. "We've already started to see a supply response to weakness in the market, such as Hydro turning around and delaying the start of their Sunndal smelter. So the downside is limited by cost support and actual supply slowdown." Robinson also said he's "less worried" about...
Clifford Chance (CC) and Baker & McKenzie have advised on the second phase of financing for a $10.8bn (£6.8bn) aluminium development in Saudi Arabia. CC advised a consortium led by 15 banks, including the Arab National Bank and The Saudi Investment Bank, providing $2.15bn (£1.3bn) of financing for a $3.58bn (£2.2bn) bauxite mine and alumina refinery to be developed at Al Ba’itha in Saudi Arabia. Frankfurt banking and finance partner Edmund Boyo (pictured) led CC’s team alongside Dubai banking partner Qudeer Latif and Abu Dhabi real estate partner Sandy Hall. The firm worked alongside Saudi alliance firm Al-Jadaan & Partners, where managing partner Mohammed Al-Jadaan, banking and finance head Abdulaziz Al-Abduljabbar and corporate partner Khalid Al-Abdulkareem advised. Bakers has been...
SINGAPORE: LME aluminum will rise to $2,205 per tonne as it's riding on a powerful wave "c". This wave is the second upward leg of a rebound that started from the Oct. 20 low of $2,077.75, and may eventually travel to $2,314, a 100 percent Fibonacci projection level, based on the length of the wave "a" and the trough of the wave "b" at $2,096. A more realistic target could be $2,205, the 50 percent projection level. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
BS reported that barely a month after hinting at moving out of Orissa because of unavailability of land to set up its second smelting plant, National Aluminum Company has started a water availability study in Sundergarh district. Nalco has engaged Lahmeyer International for conducting the study. As most smelting plants depend upon coal fired power generation to run the operation, consistent water supply is the key requirement. For its proposed second smelting plant, Nalco would require 90,000 cubic meters per second water per day. The study report would be available by December this year and then, the company would review the project size and composition based on the findings. Nalco was initially planning to set up its second smelting plant in Jharsuguda district, where Vedanta, Hindalco...
Senior Iranian industrial officials announced that Tehran and Moscow are in talks over the latter's investment in Iran's aluminum industry. Head of the Iranian Mines and Mining Industries Development and Renovation Organization Khodamorad Ahmadi announced that Tehran and Moscow are in talks over Russian investment in Iran's aluminum industry. "We have held dialogues with Russians for funding Iranian aluminum industry," Khodamorad Ahmadi told the Iranian students news agency. Iran's aluminum production is expected to reach a total of 1.5 million tons by 2025, Ahmadi said. Iran has received funds for producing 800,000 tons of aluminum products, he said, adding that the country has started negotiations with Russians for investments on the remaining amount.
Over 120 exhibitors from all over the world will be on hand for ALUMINIUM India 2011, Exhibition and Conference, next week at the Bombay Exhibition Centre, Goregaon Mumbai. The show which brings together producers, processors, technology suppliers and consumers along the entire value chain - i.e. from raw materials through to semi-finished and finished products opens on 10 November 2011 and will continue through 12 November 2011. Indian and global companies who have already confirmed their stands include Aluminium Valley, Associated Industrial Furnaces, Atherm, Castools, Dynamic Concept, ECL, Eural Gnutti SPA, Five Solios, FL Smidth, Granco Clark, Indo Foil, Innovatherm, Jiwanram Sheoduttrai, Manaksia, Mongia Tool Tech, Pyrotek, Rath, Selema, Shanghai Tianzhong Heavy Duty Machinery,...
Researchers in the US have discovered that aluminium could make it cheaper and easier to store and transport hydrogen. They claim that by impregnating an aluminium surface with another metal that facilitates a catalytic reaction, they can break down and capture individual hydrogen atoms, potentially leading to a robust and affordable fuel storage system. Hydrogen naturally occurs as molecules of two atoms and has to be stored under great pressure and at very low temperatures, which is impractical if you want to power a vehicle or provide electricity for a home. Noble metals, such as platinum, have traditionally been used as the catalyst to break the chemical bond between two hydrogen atoms. However, their scarcity makes them prohibitively expensive for widespread use. Yves Chabal from...
The Canadian aluminium smelter Alouette, 20 per cent owned by Hydro, has signed a Memorandum of Understanding with the Québec government to acquire energy for a potential aluminum smelter expansion project. Alouette has signed an Memorandum of Understanding (MoU) for long-term energy supplies, which will support the smelter's technological growth and development projects. Under terms of the agreement, Québec government is authorizing Hydro-Québec to provide Aluminerie Alouette with 500 megawatts of energy, which is required for the aluminum smelter expansion project known as Phase III. The expansion would increase Alouette's production from 575,000 to about 930,000 tonnes of primary aluminum per year. Alouette's Phase III project is currently being developed and will be based on research...
China remained a net importer of primary Aluminum in September, as imports of primary aluminum at 10.8 Kilo tonnes advanced 40% YoY and outpacing export levels at 1.2 Kilo tonne declined 81% YoY. Barclays said that combined with a robust domestic production at 1.58 million tonne gained 21% YoY and a 47 Kilo tonne draw in SHFE stocks over the month apparent consumption of primary aluminum increased by a robust 25% YoY to 1.64 million tonne. This indication of demand strength ties in well with the NBS semis production figure which showed 27% YoY increase to 2.4 million tonne. While domestic demand certainly appeared firm, aluminum semis exports fell by 15% MoM to 230 Kilo tonne the lowest level since February, signalling some softening in aluminum semis demand overseas. The alumina picture...
BR reported that LME aluminum could fall further to USD 2,161 per tonne as a short term downtrend established from the October 27th 2011 high of USD 2,295 is intact within a falling channel. The lower channel line points to USD 2,161, the 61.8% Fibonacci retracement on the rise from USD 2,077.75 to USD 2,295. A rise above a resistance at USD 2,233 will violate the bearish outlook. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
A member of the Bahraini royal family has denied accusations of corruption made against him in a UK court case involving a London-based businessman and contracts involving Bahraini aluminium producer Alba and U.S. giant Alcoa. Corruption has been a key issue that the opposition in the Gulf Arab state, who led a protest movement for more democracy earlier this year, has focused on. The government, dominated by the ruling Al Khalifa family, has said it will take new measures to combat it. It shut down the uprising in February and March, saying it was driven by the sectarian concerns of majority Shi'ites and backed by Iran. "Isa Bin Ali Al-Khalifa wishes to categorically deny the allegations of corruption reported against him in the press following the charges brought against certain...
Alcoa Inc has temporarily stopped producing certain ingots at its Becancour smelter in Quebec because of a quality problem, the aluminum producer said on Wednesday. A spokesman said the company suspended production of its P1020 aluminum billet in late October as a result of high iron content and was talking with customers to mitigate the impact. "We are making good progress and hope to completely resolve the problem soon," the spokesman said. Alcoa owns 74.95 percent of the smelter by the St Lawrence river in Quebec, with Rio Tinto Alcan owning the rest. Becancour produces 400,000 tonnes per year of aluminum billet, foundry alloy, and P1020 and sheet ingot.
LME aluminum prices posted their steepest one-day decline in almost a year, say analysts with Harbor Intelligence. This occurred amid a stronger U.S. dollar and fresh speculative short selling, Harbor says. Analysts say physical demand for primary and secondary remain healthy, considering seasonal patterns. “Nevertheless, further speculative selling was triggered by weak manufacturing activity data from China and afterwards by renewed eurozone debt woes,” Harbor says. “Market fear surged taking the U.S. dollar back to near three-week highs and the VIX/fear index 18% up to levels above 30 again.” China’s official Purchasing Managers Index fell to 50.4 in October from 51.2 in September. Meanwhile, Greece’s government called for a referendum on a debt-bailout plan, renewing default worries....
The first annual ARABAL conference to be held in Oman is attracting delegates from around the world as the international spotlight on the global aluminium industry is set to shine on the Sultanate of Oman. During a three- day conference between November 14 and 16 global industry leaders will gather at ARABAL that is being hosted by Sohar Aluminium, the world’s most modern smelter, for the first time demonstrating the growing importance of Oman’s growing aluminium manufacturing business. As the conference gets closer, organisers are reporting that delegates from all over the world are signing up to attend this high profile event. Sohar Aluminium says that delegates are already confirmed from over 30 countries. The objective behind the move is to help provide a platform for Omani SMEs to...
Demand for aluminium across markets proved to be more resistant to the recent turmoil than other base metals in the third quarter of the year, Alba chief executive Laurent Schmitt said. "Aluminium demand maintained a healthy growth and proved to be more resistant to the recent turmoil than other base metals," he said. "There was no real slowdown seen in world consumption as year-to-date growth remained flat at 10 per cent. "Major infrastructural investments in the Middle East and North Africa region have helped in sustaining a healthy demand for aluminium." Alba saw additional recurrent savings of $59 million recorded in the year to date ahead of the target by $6.5m, while production increased by 5pc and sales by 8.3pc for the same period. Sales volume reached $582m in the third quarter...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, issued a law pertaining to the Dubai Aluminium Corporation. The law replaces the name 'Dubai Aluminium Company' with the 'Dubai Aluminium Corporation' as a public institution with judicial personality enjoying financial and administrative independence and the necessary competence to direct all actions that ensure the achievement of its objectives. According to the law, the corporation which works on a commercial basis and is attached to the Dubai Investment Corporation will be headquartered in the city of Dubai, and its board of directors will have the prerogative to open branches inside and outside the emirate. The law, which has 20 articles, defines the basic activity of the...
Abu Dhabi's Mubadala plans to build a petroleum coke facility in Zhenjiang, China, in a joint venture with the Jiangsu Surun High Carbon Company (Surun) that could start production late next year, the investment fund said. The joint venture, called Suyadi, will help supply aluminium smelters in the UAE, Mubadala said. "This joint venture is an important component of our globally integrated portfolio of businesses that support the growth of the UAE's aluminum industry," said Waleed Al-Muhairi, chief operating officer of Mubadala. Construction is expected to start towards the end of 2011, with first production set for export by the end of 2012, he said. The UAE produces around 1.8Mt/y of aluminium through Dubai Aluminium Company Limited (Dubal) and Emirates Aluminum Company Limited (Emal).
