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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The City of Montreal launched construction Thursday of the Rio Tinto Alcan Planetarium, a $46 million project at Olympic Park. The project is being carried out in collaboration with the Olympic Park and with financial support from the city, the Province of Quebec, Canada Economic Development and aluminum firm Rio Tinto Alcan. The venue, scheduled to open in 2013, will include a multimedia theatre, an astronomy theatre and an exhibition space.
Infosys BPO, a leading player in the outsourcing services sector, today announced a five year renewal of its contract with Alcoa Global Business Services (GBS). Alcoa is the world's leading producer of aluminum and alumina with over USD 21 billion in revenues. Infosys BPO's partnership with Alcoa started in 2004 and has grown to include services across Finance and Accounting (F&A) and Knowledge Services (KS) processes. Ritesh Idnani, COO, Infosys BPO, said, "We at Infosys BPO greatly value our long association with Alcoa, which is known for being a best-in-class finance organization. As a key partner enabling this, we continue to work with Alcoa to explore avenues of continually adding business value. The contract renewal for five more years is testimony to our collaborative partnership...
Kotak Commodity has come out with its report on aluminum. MCX Aluminum may note some gains tracking copper prices, however the upside remains capped. Recent jump in stocks at LME warehouses may weigh on the gains. Stocks at LME fell by 7300 tonnes yesterday after rising by 105625 tonnes last week while cancelled warrants rose to 7.13%. Support for Aluminum August contract is seen at Rs.106.5 while resistance of Rs.109.5.
Glencore International PLC (GLEN.LN) is seeking to build out its aluminium marketing business, pursuing contracts with new aluminium smelters starting production in the Middle East, it said Thursday. "We will continue to seek long-term purchase and supply contracts with existing counterparties, the company noted in its first half of 2011 earnings. It marketed 3.9 million tons of aluminium, equivalent to 22% of the available aluminium that can be marketed and 9% of world output.
Data from Chinese Custom shows that Chinese aluminum alloy exportation amounts to 64, 161 ton in July rising by 21.38% in the corresponding period last year. From January to July this year, aluminum alloy exportation reaches 379,819 ton up by 28.54% year-on-year. The dramatic increase of aluminum alloy exportation mainly attributes to Japanese rising demand. Affected by Japan earthquake, Chinese Q2 aluminum alloy exportation appears to decline which making an obvious contrast with that of last year. Aluminum alloy exportation in June only reaches 52,000 ton which is the first negative growth this year. Thus condition has improved in July due to Japanese strong demand for aluminum alloy. According to Chinese Custom, aluminum alloy exported to Japan amounts to 31,395 ton grows by 12.06%...
“Chinese Industry Development Summit of Non-ferrous and New material 2011” will hold in Harbin, Heilongjiang on September 7th. The summit aims to accelerate and cultivate industry development of non-ferrous metal in our country. It is hold by MIIT, government of Heilongjiang province and Chinese Non-ferrous Metal Association etc. New materials are the foundation for developing high and advanced technology. Non-ferrous metal material as a prominent constitution of new material industry plays a great role in the forming of our modern industry system and core competitiveness.
According to Provincial Bureau of Statistics, industry products of Qinghai enterprises rose dramatically in July. Electrolytic aluminum increases by 23%.
Trading prices of spot aluminum in Shanghai were between RMB 17,760-17,790/mt, with premiums of positive RMB 190-220/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 17,740-17,790/mt. As SHFE aluminum prices stagnated, goods holders successively lowered their quotes to attract buyers, but ended with extremely limited transactions due to month-end capital pressure at downstream enterprises.
All liquid aluminium from the potrooms to the casthouse at Qatalum aluminium plant in Qatar is transported by a complete tapping system, delivered by Norwegian company HMR Hydeq. An agreement with Fata of Italy, which was Qatalum’s main casthouse contractor, includes 12 tapping vehicles with the crucible cleaner and other auxiliary equipment for transport of molten aluminium in the smelter in Mesaieed Industrial Park.
Aluminium Bahrain (Alba) recently presented Gergaoon gifts to children admitted in hospitals across Bahrain in line with its corporate social responsibility. The gifts were presented to children undergoing treatment in Salmaniya Medical Centre and the Bahrain Defence Force (BDF) Hospital, the company said in a statement.
SP Tulsian, sptulsian.com feels investors should accumulate Hindalco , Hindustan Zinc & Sterlite with 6 months time frame. In respect to the nonferrous metal, I have no reason to take a negative or the cautious call on the Hindalco scrip because of the business model in India plus there is the usage of about 2 million tonnes of aluminum by Novelis and suppose if the prices softens of aluminum that will be positive for the company.
China's imports of primary aluminum may increase in August as demand from fabricators in the southern Guangdong province rises because of steady Chinese prices, traders said on Tuesday. Increased demand from China, the world's top consumer and producer of aluminum, has driven up premiums for spot aluminum imports about 20 percent this month. Some international trading houses expecting China's imports of primary aluminum to rise in the coming months are trying to secure more metal from producers, which could push up term premiums in Asia for October-December delivery, traders said.
Investor confidence climbed overnight with all US stock prices climbing after the US Department of Commerce announced July durable goods orders rose 4%, much higher than the 2% expectation. Meanwhile, as more investors expected US Fed to provide QE3, risk aversion capital successively exited gold markets with London gold prices falling by nearly 4% to USD 1,758.6/oz. However, as market sentiment remain cautious in the recent period, the US dollar index climbed at the tail of trading to 74.063, up 0.3%. LME base metals closed mixed. LME aluminum prices rebounded following earlier dropping after release of strong durable goods orders data by the US, but stopped at USD 2,380/mt due to strong resistance. Later during the day, with the US dollar index climbing to above 74 and continuous high...
Most active SHFE 1111 aluminum contract prices opened slightly higher at RMB 17,330/mt on August 24th. After a brief test of RMB 17,345/mt the 60-day moving average, market sentiment fell with market transactions falling by half as a result of Japanese rating downgrade by US credit agency Moody’s. The contract finally closed RMB 20/mt or 0.12% higher at RMB 17,275/mt after hitting an intraday low of RMB 17,240/mt. Given current low market sentiment, SMM expects most active SHFE aluminum contract to keep fluctuating around RMB 17,300/mt in the short term. Trading prices of spot aluminum on August 24th were between RMB 17,780-17,810/mt in Shanghai, with premiums of positive RMB 200-220/mt over SHFE current-month aluminum prices. In the morning, both SHFE aluminum prices and spot aluminum...
U.S. domestic primary aluminum production in April was 162,000 metric tons, unchanged from March and up 14% from 142,000 tons a year earlier, according Wednesday to the U.S. Geological Survey.
Norilsk Nickel , the world's largest nickel and palladium producer, has approved an $8.75 billion offer to buy back its shares from Russia's RUSAL in a bid to resolve a bitter shareholder dispute. The $306 per share offer for a 15 percent stake, which represents a 20 percent premium to the weighted average market price for the past six months, was approved by Norilsk's board and is valid until 1400 GMT on Sept. 5.
China's Aluminium Corp of China (Chalco) said on Thursday its Hong Kong subsidiary will issue up to $1.2 billion in bonds with maturity of up to 10 years at an appropriate time to support investments overseas. In addition, its trading unit, Chalco Trading Hong Kong Co, will apply for foreign-currency loans to fund international trade, and Chalco will provide guarantees of as much as $300 million, Chalco said in a statement to the Shanghai stock exchange.
Rio Tinto Alcan is expected to decide modernization of Kitimat works in British Colombia, Canada within this year which is expected to increase smelting capacity of aluminum to 420,000 tonnes per year from 180,000 tonnes and to enhance capacity for aluminum supply to Asia and Pacific area. The firm started first phase work of AP 60 smelting plant in Quebec, Canada and plans to increase production capacity to 60,000 tonnes until 2013.
