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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Traded prices of spot aluminum in Shanghai were between RMB 16,500-16,540/mt on October 24th, with premiums of RMB 0-50/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,580-16,600/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,460-16,500/mt. SHFE aluminum prices rebounded further today. However, spot aluminum prices failed to get on the upward track due to rare purchases from downstream buyers who were facing strong capital pressure at month’s end. Meanwhile, liquidating efforts of goods holders further damped the upward momentum of spot aluminum price, with spot premiums over the SHFE current-month aluminum price quickly narrow to near zero. Market transactions were quite rare, however, as only a few middlemen...
Aluminum Corp. of China Ltd., the country’s biggest producer of the metal, said some of its units may face “tough” cash-flow situations as prices continue to plummet, President Luo Jianchuan said. Prices have fallen close to production costs while China’s tightening monetary policies make financing increasingly difficult, Luo said in a statement posted on the company’s website today. Profit at the company known as Chalco fell in September from a month earlier, even as third-quarter net income had a “large increase,” he said, without elaborating. Aluminum prices in London have dropped 23 percent from a high in May on concerns that the European sovereign-debt crisis and a slowdown in the U.S. economy may curb demand for commodities. Premier Wen Jiabao said China will maintain tight monetary...
The Aluminum Association has appointed Patrick Taylor, President and CEO of BestTransport, and Associate Member of the Aluminum Association, to its board of directors. As CEO of BestTransport, Mr Taylor works closely with the logistics operations of several producer members including Alcoa and Aleris. Heidi Biggs Brock, President of the Aluminum Association, said: “Mr Taylor will provide insight from his expertise in logistical matters vital to any successful business or organisation. “BestTransport’s expertise allows producers to achieve emission-reducing logistical operations that are both successful and sustainable.” Before becoming BestTransport CEO, Mr Taylor founded IMC Supply Chain Services, a supply chain firm providing sales and consulting services to shippers and carriers. Prior...
Bosnia's sole aluminium smelter Aluminij Mostar increased exports in the first half of 2011 by 23.2 percent on a year earlier to 240 million Bosnian marka ($170 million), its general manager said on Friday. "The plan for exports in the second half of this year is about the same as the results from the first half, and I am certain it is going to be fulfilled," Ivo Bradvica told the magazine InfoKom, published by the Foreign Trade Chamber. Bradvica said Bosnia's second-largest exporter, based in the southern town of Mostar, was expected to swing to a profit for the year from last year's loss of 13.4 million marka in 2010. Bradvica said Aluminij had practically completed the process of cutting its 900-strong workforce by 10 percent through early retirement and other measures. Bradvica had...
Aluexpo 2011, supported by Talsad, is also host of the 5th Aluminium Symposium organised together by Talsad, Tubitak MRC — The Scientific and Technological Research Council of Turkey, Marmara Research Center and Uctea Chamber of Metallurgical Engineers, was a place to discuss all aspects of Turkish aluminium sector. Qatalum has wrapped up its participation in Aluexpo 2011, the aluminium technology, machinery and products trade fair, which concluded in Istanbul, Turkey recently. Qatalum’s participation in the event, which offered insight into the growing markets of Turkey and the Eurasian region, followed on the recent announcement that the smelter has started full production, and in light of Turkey becoming an increasingly important market for aluminium exporters. Said Tom Petter...
As investors were generally confident a bailout plan will be provided this Wednesday by European leaders, and after US Fed officials said they were considering providing more stimuli amid worries towards economic growth of their country, the US dollar index plunged last Friday, helping LME aluminum rebound. The metal hit an intraday high of USD 2,172/mt during the day, but trimmed gains at the tail of trading due to cautiousness among investors, leading it to close only USD 24.5/mt or 1.16% higher at USD 2,133/mt. Total positions increased 16,731 lots to 868,579 lots during the day. LME aluminum is expected to test the 5-day moving average today as investors eye on progresses in the EU Summit this Wednesday. The most active SHFE 1112 aluminum contract is expected to open above RMB...
Solios Environnement, a Fives Solios group, has signed an amendment contract with UC Rusal for the design, manufacturing and delivery of Gas Treatment Centers (GTC) to the Taishet (TaAZ) and Boguchany (BoAZ) aluminium smelters in Russia. The construction of the two modern smelters were put on standby in 2008 due to the world financial crisis, but in 2011, Rusal restarted the projects. Solios Environnement will supply two GTC’s for pot lines, equipped with Vibrair technology and the Yprios dual duct system to the BoAZ, Krasnoyarsk smelter, which Rusal is building with RusHydro. The smelter’s design capacity is 600kt/y of aluminium with first metal forecasted in 2013. The TaAZ smelter, to be built in the Irkutsk region should operate at 410kA, one of the highest amperages in the world, to...
Chalco Liancheng Aluminum Co. announced it is putting its newly-constructed 500 KA pre-baked aluminium reduction pots into production as part of its expansion project.To date the company has put 65% of the newly-built reduction pots into production and completed the commissioning of its second potline including 92 reduction pots. The company began commissioning its first potline in March 2011 and is scheduled to start up its no.3 potline in November this year. The project, which has a total capacity of 388,000 tpy, is expected to ramp up to full capacity by the end of this year. CRU View: The Chinese government has issued directives to producers to close smelters operating outdated technology (below 100kA) following its energy efficiency campaign launched in H2 2010. At the same time, the...
The state-run National Aluminium Company Ltd continued to cut its daily aluminium output by ten percent because of the prevailing coal crisis, a senior company official said Thursday. The production cut at its smelter in Orissa's Angul town, about 160 km from here, is likely to continue for some more time as supply still remained thin, the official told IANS. The smelter was operating for the last three months on three to four days coal stock. "We have currently only 60,000 tonnes that can last for only three days," he said. The crisis worsened early September when the smelter had to shut down 60 of its 931 operational pots. Another sixty pots were closed down later. "A total 120 pots continue to remain shut," he said. The pots are likely to be re-started only after the company is able to...
Today, the Aluminum Association announced a new addition to its Board of Directors, Patrick Taylor, President and CEO of BestTransport, and Associate Member of the Aluminum Association. "I have been involved with the Aluminum Association and aluminum industry for several years and there is no higher praise from my peers than to be elected to service on the Association's Board of Director," said Patrick Taylor. "As the Association continues its sustainability initiative, I am excited to contribute my expertise on developing efficient shipping and logistics."
The Aluminium industry, a leading segment of the Indian economy, is expected to play a significant role as the Indian Aluminium industry is forging ahead with rapid expansion in both primary metal and downstream sectors, according to Aluminium Association of India (AAI) General Secretary Prof KSS Murthy. In a statement here Prof Murthy said with the continuing trend of economic growth, the per capita income is also likely to increase. At the higher level of income, a rapid rise in demand and consumption of aluminium is expected. Higher consumption levels in packaging, building and construction, automotive and consumer durable sectors, besides normal consumption in electrical, transport and other industrial sectors, will contribute to the growth of aluminium industry in the country. It is...
The market panic continued overnight amid EU summit delay possibilities, bearish remarks from German finance minister on leveraging EFSF, and disappointing euro zone confidence index, US employment data and Philadelphia Fed manufacturing data etc. LME aluminum once dropped to USD 2,078/mt, a new low since September 1st 2010 overnight, and narrowed gains at the tail of trading to finally close at USD 2,108.5/mt, down USD 72.5/mt or 3.32%. The metal also saw its largest daily loss in October. Transactions doubled to over 24,800 lots during the day due to strong short selling. Total positions increased 2,167 lots to 851,848 lots. Investor worries towards the European debt crisis will spread to today’s Asian markets. SMM expects LME aluminum may slightly rebound, and may also drop below the...
Aluminum Corp of China Ltd (Chinalco) , the country's top aluminium producer, will buy 15 million tonnes of coking coal per year from Mongolia's Tavan Tolgoi mine over the next three years, it said in a statement seen on Friday. Chinalco said it had signed the contract with state-owned Mongolian miner Erdenes MGL in July and the first delivery of coal to China was made this week. Erdenes said in July that Chinalco would resell 30 percent of the coking coal to Japanese trading houses Itochu Corp and Mitsui & Co Ltd , and state-owned Korea Resources Corp. The government has split the massive Tavan Tolgoi coalfield into two sections for development. The east Tsankhi area is owned by Erdenes TT, which is planning an initial public offering worth an estimated $10 billion, while the west...
Commodity reported that MCX Aluminum October contract traded with the negative node and settled -1.31% down at 106.75 as the European debt bailout negotiation bogged down again overnight following a rating cut for Spain and divergence on EFSF expansion. Later Fed said that the US economy continued to grow slowly in September but with a dim outlook which led to a selling wave for stocks and commodities at the tail of previous day’s trading. In yesterday's trading session Aluminum futures has touched the low of 106.65 after opened at 108.05 and finally settled at 106.75. For today's session market is looking to take support at 105.5, a break below could see a test of 104.8 and where as resistance is now likely to be seen at 107.9, a move above could see prices testing 109. MCX Aluminium Oct...
Global aluminum production fell by 61,000 metric tons to 2.122 million tons in September from a revised 2.183 million in August, reported International Aluminum Institute. However,the September tally was up from 2.007 million in the same month a year ago. Month-on-month declines were reported for all eight of the regions tracked by the IAI, including Africa, North America, South America, Asia, western Europe, eastern and central Europe, Oceania and the GAC/Gulf region.
Inner Mongolia New Yangtze River Mining’s high purity aluminium project has come into operation recently.The project has an annual output of 420,00tons which is the most productive high purity aluminium project in China. It has raised China’s capacity of high purity aluminium to 140,000tons from 2010’s 100,000tons. High purity aluminium is mostly used in producing electronic aluminium foil. In the past, three-layer liquid electrolytic method was widely used. Since 1970s, the segregation method emerged and developed rapidly. Japan has become an representative for applying segregation method to produce high purity aluminium. Its segregation technology is relatively advanced and its output is the world’s largest. Currently,there are 7 companies who are able to produce high purity aluminium...
Xinjiang Joinworld Co.,Ltd through self-raised funds will build a high purity aluminum project which will have production capacity of 90kt/a,and construction period will take 18 months.This project located in Gan Quanbao Craft Park, National High & New Tech Development Zone in Urumchi, plans to invest 0.76509 billion yuan. This project will be the world's largest high purity aluminum project.In 2013, a genuine world high purity aluminum flagship plant will pour high purity aluminum to all walks of life globally.
The European debt bailout negotiation bogged down again overnight following a rating cut for Spain and divergence on EFSF expansion. Later Fed said the US economy continued to grow slowly in September, but with a dim outlook, which led to a selling wave for stocks and commodities at the tail of previous day’s trading. The US dollar index only slipped 0.16% to 77.047 backed by haven function of the currency. LME aluminum closed USD 29/mt or 1.31% lower at USD 2,181/mt on October 19th. Highest and lowest prices during the day were USD 2,224/mt and USD 2,178.8/mt. Total positions decreased 2,244 lots to 849,681 lots. LME aluminum is expected to meet resistance at USD 2,200/mt and likely to move downward today as investors’ optimism towards a final solution for the euro zone debt crisis to...
