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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Some Chinese aluminum smelters in mountainous southwestern regions will be partly closed because of power shortages caused by a worsening drought. Guangxi Baise Yinhai Aluminum Industry Co. has received notice from the local government to partly shut down to save energy, the report said, citing an official at the plant it didn’t name. The company, with 200,000 metric tons of annual capacity, has reduced output by 40 percent, it said. A call to the company was not answered. Guangxi Aluminum’s capacity accounts for 4 percent of the national total, the report said. Smelters in Yunnan and Guizhou provinces may also receive notices to cut output, it said.
National Aluminum Company has signed its 5th Long Term Wage Settlement with employees under five of the companies recognized unions. This includes Nalco Mines Mazdoor Sangha, Bauxite Mines; Nalco Mazdoor Sangha, Alumina Refinery, Damanjodi; Nalco Employees Sangha, Smelter Plant, Angul; Nalco Non Executive Employees Union, Captive Power Plant, Angul and Nalco Employees Central Union, Corporate Office, Bhubaneswar. As a result, the non executives of the company will soon receive revised pay and perks which is valid for a period of 10 years wef January 1st 2007. The tripartite settlement, signed on September 5th 2011 was facilitated by the wage settlement board, under the chairmanship of Mr BL Bagra director finance cum CMD of NALCO and guidance of Mr KDR Achari deputy chief Labour...
Russian Federal Anti-Monopoly Service, or FAS, has commenced a lawsuit against the world's biggest aluminum producer United Co. Rusal PLC (0486.HK), suspecting the company of abusing its dominant position on the local market. FAS has started the lawsuit against a Rusal trading subsidiary, which it suspects of enforcing disadvantageous conditions of supply to a counterparty. Rusal spokeswoman called the FAS's claims "groundless."
New Materials research report from Datamonitor is now available from Fast Market Research Aluminum in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Germany aluminum market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Most active SHFE 1111 aluminum contract opened slightly higher at RMB 17,305/mt on September 7th. With alleviated investor worries towards global economic recession, the Shanghai Composite index rebounded to above the 2,500 mark, forcing shorts in SHFE aluminum market to exit and sending most active SHFE aluminum contract to an intraday high of RMB 17,440t. The contract finally closed at RMB 17,425/mt, up RMB 150/mt or 0.87% from previous trading day. Positions of the contract lost 5,346 lots to 117,468 lots. SMM expects the contract to struggle at RMB 17,400/mt in the short term as the longs failed to follow.
Most active SHFE aluminum contract ended its 5-day loss with higher opening prices and later gains on September 7th, and goods holders in south China kept their quotes firm at above RMB 17,900/mt. Remaining weak consumption, however, limited spot price gains, with mainstream trading prices only slightly climbed to RMB 17,900-17,920/mt. Market transactions showed a slight increase during the day.
Trading prices of spot aluminum in Shanghai were between RMB 17,750-17,780/mt on September 7th, with premiums of positive RMB 20-50/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,800-17,840/mt. Trading prices of spot aluminum in Wuxi were between RMB 17,720-17,780/mt. Following a slight rebound in SHFE aluminum prices, spot premiums narrowed to less than RMB 50/mt. Though buying interest was moderate in the market, general market sentiment improved with stabilizing prices. This also boosted goods holder confidence to hold their quotes firm in the future.
Trading of aluminum futures and options on the London Metal Exchange surged to a record in August, Miriam Heywood, a spokeswoman for the bourse, said today.
US ISM non-manufacturing index for August came out higher than both market expectation and in previous month, thereby slightly alleviating market worries towards weak European and US economies in the recent period while helping stock market trimming losses at the tail of trading. The US dollar index hit an intraday low of 74.675 earlier in the day as investors stayed away from the US dollar, but surged later on worries towards deterioration and spreading the European debt crisis to 76 before finally closing 0.78% higher at 75.868. The euro, in the contrary, fell to below USD 1.4. LME aluminum reported a fourth losing day overnight. It rebounded at the beginning of trading with falling US dollar index, but only hit USD 2,399/mt due to strong resistance at USD 2,400/mt. The metal later...
According to the Doha-based Gulf Organization for Industrial Consulting (GOIC), the UAE and other GCC nations are expected to pump nearly $25 billion into new aluminium projects and expansion of their existing smelters in the next 12 years. About $eight billion will also be pumped by Emal while more expansions are on the cards in Dubai and Bahrain, where the region’s first smelters were set up. Saudi Arabia, the world’s dominant oil exporter, is also planning to set up a $3.8-billion smelter while Oman has completed its first aluminium plant in Sohar. In a study on aluminium projects in the GCC, GOIC said regional states need to push ahead with such projects to face a rapid rise in domestic demand because of massive infrastructure projects. External demand for their products is also...
A new smelter constructed in Abu Dhabi two years ago boosted the UAE’s aluminium output to 1.8 million tonnes in 2011 to allow it to pump more than four per cent of the world’s total production of the metal. Official figures showed Dubal smelter in Dubai reached a capacity of around 1.02 million tonnes this year while the Abu Dhabi plant, Emal, is producing nearly 750,000 tonnes per year. Emal’s output is expected to double to 1.3 million tonnes when new expansions are completed in 2014. “The UAE’s aluminium production has reached 1.8 million tonnes per year, accounting for about 4.1 per cent of the world’s total aluminium output and 51 per cent of the production in the Gulf Cooperation Council (GCC),” the government-owned Dubal said in a report ahead of its participation along with Emal...
Aluminum producers and traders will have the upper hand in contract negotiations for 2012 as the mating season kicks off at Metal Bulletin’s 26th International Aluminium Conference in Paris, according to market participants. While contracts aren’t expected to be signed at the conference, the first tentative talks will take place in France, with producers and traders in a strong bargaining position while warehouse owners offer large incentives to put material on warrant. "Buy from me, don’t buy from me—I don’t care. I’ll just park it in the warehouse," one trader said, predicting that consumers will bump heads with producers and traders this week at the conference, which runs from Sept. 7 through Sept. 9. "Consumers, I think, are in a huge jam. They’re fighting two forces. They’re fighting...
This week began on a negative note and expected to continue as eyes have now down turned towards the rising European economic issues. On Monday, global markets witnessed a stock selloff and equities in Europe especially declined sharply. Metals prices also move downside as market anxiety increases on no major action by Euro Zone officials to tackle the ongoing crisis. Aluminium futures fell on back of weak European PMI data along with the declining export orders from China which diluted outlook for metals demand in ongoing week. MCX Aluminium September delivery contract fall by 0.42 percent to 108.15 rupees per kilogram on Tuesday morning. Immediate support seen at 106 rupees and above side resistance stays at 115 rupees. Amrita Mashar, analyst with Commodity Online stated that Aluminium...
Under the request of the government and Chinalco, Huaze Aluminium&Power Co.,Ltd carried out the 2011 “Quality Month” activity in depth. The company aims at improving the quality of its products and working process, promoting its whole competitiveness and realizing its annual business objective. The activity centers on the theme of “improving overall quality through entire participation”. Huaze has made out several working projects which mainly consists of the following aspects: promoting the quality of products comprehensively, ensuring the quality of raw-materials, strengthening the purchasing procedure and improving the quality of alloy bars as well as the aluminium ingot production process. Besides, the company also launches other activities to encourage its employees to participate in...
Norwegian rodding equipment supplier Impec has secured two contracts. It has delivered a stub straightening machine for a hexapod in Baie-Comeau in Canada to be delivered in September 2011. The machine can straighten 6x140 stubs which might be increased to Ø-180mm at a later stage. The stubs will be straightened in two stages, first stubs #1, 3 & 5 and then the machine will be turned 180ºto straighten stubs #2, 4 & 6. A new stub straightening machine will be delivered to Sohar Aluminium by the end of this year. The machine will straighten 2x180mm stubs. The same type of machine was also installed in Hydro Høyanger this spring, in Dubal in 2010, at Søral Husnes in 2010 and at Hydro Årdal in 2009. Impec said it was the only machine in the market with no force on yoke during straightening.
State-run NALCO, which plans to set up a 1,250-MW power project and an aluminium smelter in Indonesia, will complete due diligence on a proposal for sourcing coal for the projects by the end of this month, a senior company official said. "We are in the process of evaluating the reserves of two coal mines and due diligence will be over by September. Then we will move further," said NALCO Chairman and Managing Director B L Bagra. He added that the company has sought 10 million tonnes per annum (MTPA) of coal supply over a 20-year period and is looking at two coal mines in the East Kalimantan district of Indonesia. "We are looking at (supplies from) two mines, having a minimum of 500 million tonnes of reserves, for sourcing 10 MTPA of coal. The mines are in East Kalimantan district," Bagra...
Due to the electric power shortage in Guizhou and Guangxi Province, the aluminium companies are suffering from great loss. It is predicted that China’s primary aluminium output may decline in September. “The electric power supply for many aluminium companies hasn’t been stable since last week”, an official of one aluminium company said, “the total aluminium output of Guizhou Province occupies 10% of China’s annual aluminium production volume. However, the aluminium output of Guizhou in September may decline by 10%-20% compared with August.” The official added that residents’ high demand for electricity caused by the hot weather also put great burden on the electric power supply. This had led to low productivity for many aluminium companies. China Southern Power Grid Co. warns that since...
Following a plunge in financial markets overnight, most active SHFE 1111 aluminum contract opened lower at RMB 17,320/mt on September 6th. After hitting an intraday low of RMB 17,215/mt in the morning due to strong short momentum, the contract rebounded slightly in the afternoon on profit-taking by the shorts, and finally closed at RMB 17,295/mt, down RMB 90/mt or 0.52% from previous trading day. Total positions of the contract rose by 1,526 lots to 122,814 lots. Most active SHFE aluminum contract prices fluctuated downward due to strong resistance at the moving averages above. However, the downward space was limited by short swing speculations during the day. And with inadequate upward momentum, SMM expects the contract to test RMB 17,300/mt in the short term.
