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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Preliminary estimates indicate that aluminum demand in the US and Canada (shipments by domestic producers plus imports) totaled an estimated 10.652 billion lb during the first half of 2011, 7.4% above the same period of 2010, according to the Aluminum Association. Exports of aluminum ingot and mill products from the US and Canada (excluding cross-border trade) totaled 1.969 billion lb through June, 27.4% above last year, while imports totaled 1.964 million lb, up 7.1%.
Shares of Aluminum of China (NYSE:ACH - Analyst Report) traded at a new 52-week low yesterday of $16.57. Approximately 338,000 shares have traded hands yesterday vs. average 30-day volume of 380,000 shares. Aluminum of China closed at $16.7, approximately 16.8% below its 50-day moving average of $20.08. SmarTrend will be monitoring shares of ACH to see if this bearish momentum will continue.
U.S. Aluminum, now a division of C.R. Laurence Co., is up and running with 11 service center and manufacturing locations across the United States and Canada, according to an Aug. 19 company release. C.R. Laurence acquired U.S. Aluminum in July. "We acquired [U.S. Aluminum] with the intention of re-establishing them as the industry leader, providing resources that enhance USAL's ability to manufacturer, service, and deliver quality products on time," Lloyd Talbert, president of CRL, said in the release. "For our storefront materials business, available through our network of service centers, we have increased stock levels and are strategically reviewing adding locations to better service the North American market. In addition, CRL is working to improve USAL's service and support...
Noranda Aluminum (NOR) is one of today's notable stocks in decline, down 9% to $9.98. The S&P is currently trading 4.1% lower to 1,145 and the Dow Jones Industrial Average is trading 3.6% lower to 11,004. Noranda Aluminum is in SmarTrend's Aluminum industry and this industry is currently in a Downtrend according to our research. We are monitoring many other stocks on the move within this industry.
OAO GMK Norilsk Nickel offered to buy back a 15 percent stake held by United Co. Rusal for $8.75 billion as billionaires Vladimir Potanin and Oleg Deripaska battle for control of the world’s largest nickel producer. The offer to 25 percent-shareholder Rusal amounts to $306 a share, a 20 percent premium to the six-month average, Moscow- based Norilsk said in a statement posted today on its website.
The Government plans to raise Rs. 400bn in FY12 through its disinvestment programme but hasn't been successful so far amid weak market conditions and dwindling FII inflows. Proposals to sell some of Government stakes in public sector undertakings (PSU) BHEL and National Aluminium Co. Ltd. (NALCO) are at various stages of consideration before the Government approves them, Finance Minister Pranab Mukherjee said on Friday.
The primary aluminium market remained in surplus for the period January to June 2011. According to the World Bureau of Metal Statistics the market surplus was 221.3kt which compares with a surplus of 516.2kt registered in H1 2010 and with a surplus of 1036kt in the whole of 2010. Demand for primary aluminium in H1 2011 was 21.06Mt, 872kt more then the equivalent total in 2010. Production in January to June rose by 578kt following on from a 3.9Mt increase over the whole of 2010.
Aluminium was the top gainer of the day as the metal surged more than 2 percent on the LME as well as on the MCX from beginning of the week. Aluminium rose above 109 rupees per kilogram after opening edge higher at 108.35 rupees. Aluminium sustain above 107 that is very good indication for buying sentiment. According to Amrita Mashar, analyst with Commodity Online, Aluminium inventories witnessed a sharp fall of from last few days at LME. This along with US Dollar weakness acted as a positive factor for Aluminium prices. Instant support for aluminium future looks at 106 and strong resistance 110. One can buy near 108 with stop loss of 107 and for target near 110.
For 40 UAE National students enrolled at secondary and tertiary educational institutes across the country, the summer of 2011 has been a period of continued learning and personal development. The reason being that the youngsters participated in the annual Summer Training Programme hosted by Dubai Aluminium Company Limited (“DUBAL”) — one of the world’s largest single-site aluminium smelters and the UAE’s industrial flagship — as part of the company’s ongoing nationalization initiatives. After a comprehensive orientation session, the students were deployed in various departments across DUBAL — including Training & Development, Supply, Information Technology, Human Resources & Organizational Effectiveness, Finance and Maintenance Plantwide Cranes — according to their educational background...
Emergency officials were responding to reports of several loud explosions and a fire at the Tennessee Aluminum Processors plant in Mt. Pleasant, Tenn., WSMV-TV reported Thursday night.
Participants in the 2011 Student Design Competition Will Learn About Building Materials, Sustainable Design and Hurricane Resistance For the sixth consecutive year, The American Institute of Architecture Students (AIAS) and Alcoa's AA -6.12% Kawneer Company, Inc. invite students of architecture and design to submit projects for the annual Student Design Competition. Sponsored by Kawneer and administered by AIAS, the 2011 competition will challenge students to design a stadium, civic center or arena while learning about building materials, specifically architectural aluminum building products and systems.
Reliance Steel and Aluminum (NYSE:RS) closed Wednesday's choppy trading session at $40.34. 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 $39.33 and resistance in the $41.95 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 $40.00 covered call for a net debit in the $36.34 area. That is also the break-even stock price for this trade. This covered call has a duration of 121 days, provides 9.92% downside protection and an assigned return rate of 10.07% for an annualized return rate of 30.38% (for...
Eurasian Natural Resources Corporation (ENRC) has produced 124 thousand tonnes of aluminium over the first six months of 2011 which is 20.4% higher than during the same period in 2010. ENRC has increased aluminium production by 20.5% over the first six months of 2011, Interfax reports. The group sold a total of 124 thousand tonnes of aluminium.
National Aluminium’s (Nalco) 1QFY2012 results were above our expectations. The company was able to sustain its margin on account of higher realisation. In light of the recent decline in stock price, we now have a Neutral view on the stock. For 1QFY2012, Nalco’s net sales grew by 34.2% yoy to Rs.1,733cr, led by higher realisation of alumina and aluminium. Alumina realisation increased by 21.1% yoy to Rs.20,653/tonne and aluminium realisation increased by 18.3% yoy to Rs.122,086/tonne. The aluminum segment’s sales grew by 20.9% yoy to Rs.1,355cr due to higher LME prices despite metal volumes of only 2.2% yoy to 111kt. The chemical segment’s revenue grew by 60.6% yoy to Rs.646cr on the back of alumina sales volumes, which grew by 83.0% yoy to 183kt. EBITDA grew by 34.5% yoy to Rs.530cr and...
Ningxia Qingtongxia Aluminum Corporation ranks the third in the first hundred enterprise of Ningxia province on August 18th.autonomous region leaders Wang Zhengwei and Qi Tongsheng etc. attends the conference and gives prize for the qualified enterprises. Vice-president of Qingtongxia Aluminum as a representative accepts the reward. The first two enterprises are Shenhua Ningxia Coal Industry Group and Ningxia Electric Power Company.
Global demand for aluminum could climb 12% this year due largely to Chinese industrialization. Growing demand has also led to a 10% uptick in aluminum prices to the benefit of the industry. Aluminum demand also has been strengthened by high copper prices and cost-conscious companies. Aluminum shares some of copper's conductivity and malleability properties and many manufacturers are opting to use aluminum when possible to cut costs. Better demand helped companies like Century Aluminum increase second quarter shipments. Century shipped roughly 334 million pounds in the quarter compared to 319 million pounds in the prior year period. If aluminum demand continues to grow at its current rate, companies like Alcoa Inc. could be long-term beneficiaries of the trend.
Lackluster physical aluminum demand this summer has poured some cold water on the rally in U.S. Midwest spot premiums this year, dragging them down to a four-month low near 8 cents per lb. Domestic aluminum demand tends to cool off in the July to September period, but this season's lull may be more pronounced as the economy suffers through another soft patch and metal-intensive industries like housing and manufacturing struggle to grow.
Fitch Ratings has assigned India-based Vedanta Aluminium Ltd's (VAL) INR61.5bn project finance facility a rating of 'Fitch AA(ind)(SO)'. The facility is fungible between letters of credit and rupee term loans. The total project finance facilities rated (including the above) aggregate to INR161.5bn. The rating reflects the unconditional and irrevocable guarantee provided by VAL's ultimate parent - UK-based Vedanta Resources Plc (VRPLC, 'BB+'/Stable) - for the project finance facility. The guarantee covers timely payment of interest and principal obligations.
