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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Mainstream trading prices of spot aluminum in south China fell to RMB 17,840-17,860/mt on September 6th with continuously falling of SHFE aluminum prices. Within an overall bearish economic environment, downstream consumption turned even weaker, while market supply remained sufficient. Market transactions remained sluggish as purchases were made only as-needed.
The SMM China Aluminum Ingot Trade Index rose slightly by 3.8% to 41% during August 29th to September 2nd, but was still below the balance line of 50%, indicating market sentiment remained low. Due to tightening credit supply, goods holders were actively liquidating to cash at lower prices, but purchases remained sparse, and domestic spot aluminum prices stagnated near RMB 17,800/mt. As the week progressed into September, capital pressure gradually alleviated and more buying was reported. This was reflected by higher SMM China Aluminum Ingot Trade Index. In order to objectively and accurately show China’s spot aluminum ingot trading market, SMM has surveyed spot aluminum ingot traders from different regions, of different types and scales, based on their total traded volumes, downstream...
Trading prices of spot aluminum in Shanghai were between RMB 17,700-17,740/mt on September 6th, with premiums of positive RMB 50-80/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,780-17,820/mt. Trading prices of spot aluminum in Wuxi were between RMB 17,720-17,780/mt. With a five-day loss in SHFE aluminum prices, most spot aluminum buyers chose to exit the market while most goods holders were actively touting their goods. Though spot quotes fell to lowest RMB 17,700/mt during the day, purchases in the market remained few, thereby leading to sluggish transactions during the day.
India's aluminum output between April and July has risen to 559,440 metric tons from 518,474 tons during the same period last year, according to data from the mines ministry on Tuesday.
Aluminium industry officials agree this country’s requirements of the white metal will continue to rise annually at a pace much higher than our growth in gross domestic product (GDP). The government is targeting an annual GDP expansion of nine per cent during the 12th Plan, beginning April 2012. B L Bagra, chairman of the largely government-owned National Aluminium Company (Nalco), finds the environment conducive enough to say the coming many years will see Indian aluminium demand growing at 13-15 per cent a year. No doubt, the major part of demand will come from the electrical sector, as has always been the case with us. At the same time, more of the metal is finding application in construction, transport and packaging, thanks to growing sophistication of the economy and the spread of...
An industrial park to be established in Tajikistan, Asia-Plus reported. An appropriate agreement has been signed between the Tajik Aluminum Company (TALCO) and China National Building Material Group Corporation (CNBM). According to TALCO, a CNBM delegation, led by Guo Jingbin, Vice-President of CNBM, visited Tajikistan in early September to formulate a package of documents on implementation of agreements reached within the framework of the targeted investment projects: Tajik aluminum smelter’s shift to domestic raw materials and development of TALCO. TALCO and OJSC Somon Capital have reportedly conducted negotiations with CNBM during one year and half. As a result of activities of a joint working group, a frame agreement between TALCO and CNBM on establishment of the industrial park and a...
MCX Aluminum may note some decline tracking copper prices. Also recent jump in stocks at LME warehouses may weigh on the prices. Stocks at LME fell by 20875 tonnes last week but are in the upper range for the year while those at SHFE fell by 7009 tonnes. Support for Aluminum September contract is seen at Rs.109.5 while resistance of Rs.112.5.
LME aluminium will fall to $2,388 per tonne as a medium-term downtrend that started at the July 27 high of $2,675.25 has resumed. The downtrend has only been partially reversed by a rebound that started at the Aug 19 low of $2,323, and ended around $2,458, the 38.2 percent Fibonacci retracement on the fall from $2,675.25 to $2,323. A Fibonacci projection of the current wave "c" indicates its next target will be $2,388, the 100 percent level, which is also indicated by the lower channel line of a falling channel.
Morning trading prices of spot aluminum in Shanghai were between RMB 17,780-17,820/mt, with premiums of positive RMB 70-100/mt over SHFE current-month aluminum prices. Though goods holders were unwilling to sell at lower prices and most kept quotes firm at RMB 17,800/mt, lower priced supplies were still seen on rare purchases. Nevertheless, overall market transactions were sluggish. Mainstream trading prices of spot aluminum fell to RMB 17,750-17,760/mt in the afternoon with continued falling of SHFE aluminum prices. Spot premiums over SHFE current-month aluminum prices also narrowed to almost zero, with most goods holders unwilling to sell at lower prices and supplies rarely seen. A few middlemen entered the market to build up inventory after spot prices fell, but transactions were...
Aluminium Bahrain (Alba) will be the Gold Sponsor of a major aluminium conference in France. The 26th International Aluminium Conference is organised by Metal Bulletin Events, a market leader for the past three decades in international steel and metals conferences. The event will be held from tomorrow until Friday at the Pullman Paris Montparnasse Hotel.
Citigroup analysts say global economic prospects are worsening markedly. They have made sharp cuts to US, euro zone and UK growth, and have also shaved more modest margins off their China and India outlooks. Citigroup maintains a positive view on aluminium and expects prices to be sustained around $US2300/tonne. Below that level, a significant number of producers will begin to make losses and then production cuts could be made.
National Aluminium Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 20, 2011 to September 22, 2011 (both days inclusive) for the purpose of Payment of Dividend & 30th Annual General Meeting (AGM) of the Company to be held on September 29, 2011.
Goldman Sachs Group Inc lowered its estimates for aluminum prices through 2013 citing weaker growth in developed economies. Analyst of Goldman Mr Sal Tharani and Mr Sandeep SM said that the metal will trade at USD 1.18 a pound next year down from a previous forecast of USD 1.28 and before rebounding to USD 1.22 in 2013 below an earlier estimate of USD 1.30. The 2011 forecast was lowered to USD 1.16 from USD 1.18. Aluminum has the highest beta to global economic growth and thus could be most impacted by macro weakness. We do not expect a major leg down in aluminum price as it is already trading at close to its marginal cost.
Continued market panic fueled by pessimism towards future global economy pressed global stock and commodity prices lower overnight, while sending the US dollar index to 75 and gold price back again to USD 1,900/oz. During European trading hours, LME aluminum prices fell below the 20-day moving average to USD 2,377/mt due to strong short-selling and over 3% loss in crude oil prices etc. The metal finally closed at USD 2,392/mt, down USD 50/mt or 2.05% after a slight rebound at the tail of trading. SMM expects LME aluminum prices to test USD 2,400/mt and fluctuate between USD 2,350-2,410/mt on September 6th. Most active SHFE 1111 aluminum contract is expected to open lower near RMB 17,300/mt and fluctuate between RMB 17,200-17,350/mt. Spot premiums are expected to be RMB 40-90/mt over SHFE...
The 26th International Aluminium Conference, organised and hosted by Metal Bulletin in Paris from September 7 to 9, will be leveraged by Dubai Aluminium Company Limited (DUBAL) and Emirates Aluminium Company Limited (EMAL) to promote the UAE’s primary aluminium sector within the global industry. This will be achieved on several fronts in addition to a combined stand in the exhibition component alongside the conference.The two companies are the joint Platinum Sponsors of the overall event, the MBI 2011 registration desk and luncheon on September 8, the first day of the conference.
In addition to market uncertainties lurks out in the market, the slew of downbeat data regarding US employment status showed that the US economy failed to create jobs last month. This coupled with renewed fears that euro zone sovereign debt crisis is worsening and further, strengthening dollar reduced the appetite for metals. Mixture of these global economic concerns and light volume trade yesterday on US labor holiday led the metals to plummet further yesterday. The dollar index surged by 0.62 at 75.16 for the fifth consecutive day the highest in last two weeks against the basket of 6 major currencies as the investor's still finding it as a safe heaven asset amid the growing global economic worries in the market. In the domestic market at MCX,Aluminium eased by 1.84% or Rs. 2.05 at Rs....
Bosnia's sole aluminium smelter Aluminij Mostar has returned to profit in the first half of 2011 after posting a loss of nearly 13.4 million Bosnian marka ($9.7 million) in 2010, General Manager Ivo Bradvica said on Friday. Bradvica said in an interview for the company's website that he expected Aluminij to end the year with profit, and that he had secured the support of shareholders to slash a 900-strong workforce by around 10 percent.
The base metals pack closed the last week on a mixed note with only copper and aluminum closing in the positive territory.Stronger dollar in the last week coupled with poor economic data from the US in the last week had capped gains in base metals. Aluminium was the best performer in the last week, as the metal rose around 2.6 percent on the LME and almost 3 percent on the MCX. China's aluminium producers in Guangxi province will start cutting production in September mainly on account of power shortages. About 120,000 tonnes per year which accounts for 15 percent of Guangxi's 810,000 tonne annual production capacity of aluminium may be affected by the power shortages. This would provide support for the metal prices in the coming trading sessions.
