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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Executive Vice President and CFO Jørgen C. Arentz Rostrup on August 19 purchased 5,000 shares in Hydro at NOK 30.00 per share. Rostrup's new shareholding in Hydro, including closely related parties, is 22,902 shares.
Shares in the company were trading 3.2% higher at Rs 61.85 on the Bombay Stock Exchange. "Shares in Nalco Ltd might trade up to Rs 64-65, currently it is at 61.25, 58 to 60 is a very strong support", said Sandeep Wagle, Founder & MD, APTART Technical Advisory Services. "The stock might move in the range of Rs 58 on the downside to Rs 64-65 on the upside and nothing beyond that", added Sandeep.
Commodity reported that aluminum futures in India rose as pickup in demand from the domestic market and on tracking firm global markets. At MCX Aluminum August contract is now trading at INR 108.60 per Kilogram higher by 0.79% against the previous close. In the morning session the contract traded at a range of INR 107.65 per kilogram to INR 109 per Kilogram. Open interest of the contract is 2365 lots and volume traded is 4287 Kilogram so far.
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.
Aluminium Bahrain B.S.C (Alba) joined the international community in expressing solidarity with the victims of Somalia’s worst recorded drought in 60 years by pledging to donate US$ 250,000 (BD 94,250) to support wide range of relief efforts. Alba’s donation was in response to the fund raising campaign initiated by the Kingdom of Bahrain’s Information Affairs Authority. The decision to donate is another tangible demonstration of the company’s corporate social responsibility as well as its willingness to extend a helping hand to those in need.
Authorities are investigating the cause of a magnesium fire at the Tennessee Aluminum Processors plant in Mt. Pleasant. The Mt. Pleasant Fire Department arrived at the plant about 8:15 p.m. Thursday after receiving reports of a loud explosion, Chief Tim Smith said. Smith suspects the explosion and fire were sparked by rainwater from a storm that came through the area earlier in the evening. When combined, heated magnesium and water can have explosive reactions, he said.
As economic worries overwhelmed on August 19th, more investors turned to gold for risk aversion and gold prices hit a record high of USD 1,878.05/oz. US stock prices were pressed over 1.5% lower in response. The stagnating US economic recovery in the mean time weakened safe haven function of the US dollar, with the US dollar index falling below 74, which finally closed at 73.972, down 0.52%. LME aluminum prices hit a year-low of USD 2,323/mt in the beginning on August 19th as a result of inventories approaching the historical high. Total positions rose by nearly 3,000 lots later due to higher buying interest at lower prices supported by weakening US dollar, and LME aluminum prices rebounded to USD 2,372.5/mt in response. LME aluminum finally closed at USD 2,350/mt, up USD 10/mt or 0.43%...
Most active SHFE 1111 aluminum contract gapped over 1% lower at RMB 17,070/mt on August 19th due to a plunge in global financial markets. In the morning, it quickly rebounded to struggle at RMB 17,200/mt following an intraday low of RMB 17,020/mt. Total positions of the contract climbed in the afternoon due to active longs, with a increasing trend slowing down later due to profit-taking. The SHFE 1111 contract finally closed at RMB 17,250/mt, down RMB 50/mt or 0.29% from previous trading day. Positive fundamentals helped SHFE aluminum prices back to fluctuating range of the week, and with strong support at RMB 17,000/mt, the most active contract are expected to test RMB 17,200/mt during this week. Latest SHFE aluminum inventories fell by 8,731 mt to 140,693 mt, which will provide support...
State-owned aluminium producer Nalco plans to invest Rs 57,903 crore by 2020 on expansion, including the setting up of two large aluminium smelters in India and abroad. The Navratna firm would invest Rs 16,500 crore in Indonesia for setting up a 5 million tonne (MT) smelter, with 1,250 MW power plant, a report of the Parliamentary Standing Committee on Coal and Steel said. It added that the other smelter of the same size would be built in Western Orissa in two phases, with 1,260 MW power plant at an estimated investment of Rs 16,345 crore.
National Aluminium Company surged 3.26% to Rs. 61.85 at 9:50 IST on BSE, following reports the state-run company has received government's approval to mine a coal block in Orissa with estimated reserves of 70 million tonnes.
The Union Coal Ministry has granted in-principle approval for mining lease of Utkal-E coal block in Angul, with an estimated reserve of 70 million tonnes and covering an area of 212 hectares, in favour of aluminium major NALCO, sources said today. The allocation was made to meet coal requirement of the Navaratna PSU''s new captive power units at Angul, which supplies power to the company''s smelter located nearby.
Aluminum Bahrain BSC's credentials as a key driving force behind the growth and success of Bahrain's aluminum industry was highlighted during a visit held in the Alba plant on August 11th 2011 by a delegation from the Economic Development Board Bahrain. Mr Eline Hilal Alba's Investor & Public Relations Manager met the six member delegation led by Mr Boyd Winton EDB's Director of Financial Services. The EDB delegation was visiting Alba to gain additional insights into the company's operations that have boosted its productivity and profitability as well as strengthened its position as the world's fourth largest single site smelter.
Aluminum inventories fell 8,700 tonne. On the LME, there was another huge increase in aluminum inventories of 104,000 tonne due again to a large delivery into Vlissingen. This large increase has not weighed on prices.
According to XinRen Aluminum Holdings Limited, aluminum demand in China, the world’s largest consumer and producer will more than double over the next decade, eliminating a local surplus and boosting prices. Mr Liang Hongbo ED of XinRen Aluminum said that consumption may gain 15% per year over the next 10 years down from 17% to 20% per year over the previous 10. Coupled with slowing supply growth, this should bring the Chinese market close to balance. XinRen makes 275,000 tonnes of ingots and 50,000 tonnes of plates a year.
During the period of the Twelfth Five-Year Plan, Chinalco’s investment in the western region will account for more than 70% of the total amount. Xiong Weiping indicates that Chinalco accounts for 50% of the total investment in the western region. It will give key priority to invest in the western region with excellent resources and advantage of backwardness.
In the first half year, with the joint effort of Chinalco head office, company leaders and all the employees, Fushun Aluminum Co., LTD rate of sale revenue, profit and net assets rise rapidly and outperforms A1 evaluation indicators of the head office. It has realized “time passes half, task passed half” and laid a solid foundation for the whole year evaluation indicator.
Prices sold-off sharply yesterday and remain at lower levels this morning. Sentiment has taken another turn for the worst with bearish sentiment becoming increasingly engrained. SHFE stock data surprised by showing a draw of 8.8Kt in copper, which we believe also goes alongside draws in bonded warehouses. Aluminium inventories fell 8.7Kt. On the LME, there was another huge increase in aluminium inventories of 104Kt, due again to a large delivery into Vlissingen. This large increase has not weighed on prices, however. Market expectations had been for large deliveries into European warehouses with capacity at the location having been extended and much of the metal believed to have been put on financing. North American Aluminium producer shipments and inventories data showed a sharp...
China is taking advantage of the drop in commodity prices, particularly in the case of Copper and aluminum, limiting losses in those markets, says Commerzbank.
