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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Noranda Aluminum (NYSE:NOR) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and poor profit margins.
Alcoa is celebrating the 15th anniversary of the Alumar Environmental Park in Sao Luis, Brazil, located on the site of the Alumar complex, one of the world's largest primary aluminum and alumina facilities. This ecological sanctuary, which covers 1,800 hectares (4,447 acres), is an example of Alcoa's "Smelter in the Park" model of industrial and environmental harmony. Land traditionally used as a buffer zone around aluminum operations is turned into protected park land for rehabilitation and community environmental educational programs and is voluntarily maintained by Alcoa.
On 08/08/11, the first market day after S&P downgraded the nation's credit rating, Aluminum of China (NYSE:ACH) reached a low of $17.00 and has since moved 1.1% lower to its most recent close of $16.81. Over the same time period the Dow Jones Industrial Average rose 3.4% from 10,810 to 11,177 as of the last close. Aluminum of China (NYSE:ACH) is currently priced 100.0% above its average consensus analyst price target of $0.00. The stock should run into initial resistance at its 50-day moving average (MA) of $19.69 and subsequent resistance at its 200-day MA of $22.43.
Reliance Steel and Aluminum (NYSE:RS) closed Tuesday's dramatic trading session at $38.01. In the past year, the stock has hit a 52-week low of $34.58 and 52-week high of $60.60. Reliance Steel and Aluminum (RS) stock has been showing support around $36.38 and resistance in the $38.82 range. Technical indicators for the stock are Bearish and S&P gives Reliance Steel and Aluminum (RS) a very positive 5 STARS (out of 5) strong buy rating. For a hedged play on Reliance Steel and Aluminum (RS), look at the Dec '11 $35.00 covered call for a net debit in the $32.61 area. That is also the break-even stock price for this trade. This covered call has a duration of 115 days, provides 14.21% downside protection and an assigned return rate of 7.33% for an annualized return rate of 23.26% (for...
Prices were softer across the base metals yesterday as a mixed set of Chinese trade combined with on-going macro concerns weighed on the market. In terms of metalsspecific developments, the latest production data from the International Aluminium Institute (IAI) showed that the daily global average primary output (excluding China) rose to 70.2Ktd in July. This represented a 6% y/y increase, in-line with the average size of y/y increase seen so far this year and marginally higher than the monthly average daily production rate during H1 this year (69.7Ktd).
NALCO Foundation, the CSR arm of Navratna PSU NALCO, in collaboration with Orissa State Poultry Products Cooperative Marketing Federation Limited (OPOLFED) has launched a backyard poultry programme in the peripheral villages of Angul. In the first phase, through this programme 80 beneficiaries of NALCO’s Utkal-E Coal Project area will be trained, in four batches. In the 3-day inaugural programme, 20 beneficiaries of Nandichhod village participated, out of which 15 were women. While NALCO Foundation sponsored the programme, the training and technical support were provided by OPOLFED.
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 as a result of Japanese rating downgrade by US credit agency Moody’s, with market transactions falling by half. The contract finally closed at RMB 17,275/mt, up RMB 20/mt or 0.12% after hitting an intraday low of RMB 17,240/mt. Given current low market sentiment, SMM expects most active SHFE aluminum contract prices to keep fluctuating around RMB 17,300/mt in the short term.
With most active SHFE aluminum contract prices slightly moving down after opening higher and low buying interest at among downstream consumers, spot aluminum prices partially trimmed gains in south China with mainstream trading prices at RMB 17,960-17,980/mt. Though spot aluminum stock in the area is not likely to increase sharply in the short term, resistance at RMB 18,000/mt was strong due to weak consumption. Overall market transactions were sluggish.
Trading prices of spot aluminum in Shanghai were between RMB 17,780-17,810/mt, with premiums of positive RMB 200-220/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,820-17,850/mt. Trading prices of spot aluminum in Wuxi were between RMB 17770-17800/mt. Both SHFE aluminum prices and spot aluminum prices stagnated during the day due to sluggish transactions.
Mr Masateru Yoshihara president of Furukawa Sky Aluminum Corporation and chairman of Japan Aluminum Association said that the Japanese aluminum demand increased by near 10% to about 3.91million tonnes in fiscal 2010 ended March 2011 from fiscal 2009 due to stimulus package while the demand isn't clear in fiscal 2011 due to the major earthquake in March.
Russia’s primary aluminum production is projected to grow at a CAGR of around 4.3% during 2011-2013, says RNCOS in its latest research report. According to the RNCOS report, “European Aluminum Market Analysis”, Europe has emerged as one of the world’s largest manufacturing base for the aluminum industry owing to large production capacities across the European countries. In the past few years, Europe remained the second major producer of primary aluminum and its production is also increasing. However, the performance of European aluminum industry is highly dependent on various industrial sectors, particularly transportation, construction, and packaging.
Global primary aluminium production has been trending up in 2011, and rose 5.8% year-on-year (y-o-y) in July. Higher production in relatively new aluminium-producing regions, such as the Gulf, and in Europe and the US—in response to growing consumption—is a key reason. In Asia, China’s production was up by 12% y-o-y in July, showing demand continued to improve in 2011. Inventories with firms have shown a rising trend, though they fell in July. Inventory levels may become an overhang if demand turns weak.
Aluminium yesterday traded with the negative node and settled at 106.30 due to stronger US dollar and market concerns over the global economic growth. MCX Aluminium August delivery contract rose by 0.42 percent to 106.85 rupees per kilogram. Prices are looking slightly bearish below 110 rupees per kilogram. Immediate support looks at 104 and resistance stays at 110 rupees for coming days.
Alcoa announced today that as a result of the increasing impact of the Government and Public Affairs function on Alcoa's business, Daniel Cruise will join Alcoa's Executive Council, the Company's senior leadership group that sets strategic direction, and report to Alcoa Chairman and CEO Klaus Kleinfeld.
Alcoa Inc. (NYSE:AA) percentage change surged 0.18%, to close at $11.23 and its overall traded volume was 27.99M shares in the last trading session. AA opened at $11.78 and is trading within the range of $11.20-$11.79. The 52-week range of the stock is $9.92 – $18.47. At current market price, the market capitalization of the company stands at $11.95B and it has 1.06B outstanding shares.Alcoa Inc. (Alcoa) is engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its participation in mining, refining, smelting, fabricating, and recycling. During the year ended December 31, 2010, aluminum and alumina represent more than 80% of Alcoa’s revenues. Nonaluminum products include precision castings and aerospace and industrial fasteners. Alcoa’s...
Ms. Afshan Akhtar joined Aluminium Bahrain B.S.C. as the new General Counsel and Corporate Secretary on 14 August 2011. Ms. Akhtar was born and raised in London and studied law as an undergraduate at The London School of Economics following which attended Law School at the College of Law in London. She (SNP: ^SHEY - news) joined Clifford Chance as a trainee lawyer and qualified as a lawyer to practice in their Banking and Finance sector for six years and achieved the position of Senior Legal Counsel. Prior to joining Alba, Ms. Akhtar was Senior Legal Counsel in Kuwait Finance House, Bahrain.
A trusted supervisor who stole 180 tons of aluminum from a Colville boat maker was sentenced Monday to six years in prison.
Despite weak new home sales date from the US, the risk aversion sentiment in the global market lowered overnight following better-than-expected contraction data for manufacturing industries in China and Europe, dragging down the US dollar index by 0.42% to 73.845. London gold prices also fell 3.85% to USD 1,828.74/oz. US stock prices gained over 3% overnight, and LME aluminum climbed to USD 2,384.4/mt near the 10-day moving average before closing at USD 2,380/mt, up USD 31.8/mt or 1.35%. Both transactions and positions slightly rose during the day, with total positions increasing by 5,378 lots to 738,978 lots. SMM expects LME aluminum prices to test USD 2,400/mt and fluctuate between USD 2,360-2,410/mt on August 24th. Most active SHFE 1111 aluminum contract prices are expected to open...
