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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Aluminium stocks are trading in the red with the key losers being Hindalco and Nalco. Hindalco Industries may see a rise in production costs in its upcoming aluminium project in Mahan in Madhya Pradesh. This is because the Mahan coal block from where the company is supposed to draw coal for its captive power plant has run into environment problems. The Mahan coal block is under no go area and the matter has been referred to the group of ministers by the ministry of environment and forest. The company is building a 359 kilo ton per annum (ktpa) aluminium smelter and 750 MW power plant for captive purposes. It is essential for the company to receive green clearance otherwise the cost of the project will increase substantially. This is because alumina and power comprise close to 70% of...
Santee Cooper’s largest customer could pull out of the Lowcountry if it doesn’t get a competitive power rate. Aluminum-maker Alcoa, one of the Charleston region’s largest employers, is renegotiating its power contract with the state-owned utility and is threatening to leave if those talks go sour, Santee Cooper spokeswoman Laura Varn said.
Russian aluminum output fell 2.7% in the first seven months of the year, the federal statistics service said late Wednesday. In July, aluminum output fell 6.5% compared with July 2010 and was 5.1% higher from June. The federal statistics service doesn't provide output of non-ferrous metals in tonnages.
Aluminium was undeterred in the mid-session trades. The lackluster session in the metals continued even after the inventories showed a downtrend on Wednesday. The Aluminium inventories in London metal exchange declined by 7100 tons to 4572250 tons. MCX Aluminium was seen trading at Rs. 106.9 per kg, almost unchanged from last night. The support for Aluminium is at Rs. 106.3 per kg. Resistance for the contract is at Rs. 108 per kg.
The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 11:15 a.m. New York time. The Merval Index climbed 1 percent to 3,013.87, its fourth day of gains in the past five sessions. Aluar Aluminio Argentino SAIC (ALUA) , which produces and sells aluminum and aluminum products for domestic use and export, rose 1.9 percent to 4.40 pesos. Aluminum gained 1.5 percent on the London Metals Exchange, breaking a two-day losing streak.
Buoyed by stronger LME (London Metal Exchange) aluminium prices and higher alumina sales, Nalco's earnings per share rose 33% over the previous year in the first quarter of FY12. Compared with its peers, the country's third largest aluminium producer has managed the increase in input costs well, maintaining operating profit margins at last year's levels vis-a-vis peers which have not fared too well. Moreover, having obtained the necessary environmental clearances for mining bauxite, a key aluminium making ingredient, prospects for increased profitability have improved.
Public sector company National Aluminum Company (Nalco) has moved the Supreme Court challenging the Orissa government’s decision to levy higher electricity charges on companies which generate energy for their captive consumption. The aluminum company has challenged the October 2001 notification increasing electricity duty by 67% from 0.12 paise to 0.20 paise per unit, for the companies which generate electricity for their own consumption. Nalco is supposed to pay more than R141 crore as the differential between the duty it has paid and what it is required to pay as per the notification.
National Aluminum Company Limited has informed that the Company has been undertaking various peripheral development activities as part of Corporate Social Responsibility to enrich the quality of rural life in and around the areas of plant sites. The Company allocates 1% of its net profit for such activities. Out of the allocated amount, 40% each is earmarked for mines and refinery complex, Damanjodi and smelter & power complex, Angul and the balance 20% is retained for corporate level activities. The Government of Odisha has constituted Rehabilitation and Periphery Development Advisory Committee for Damanjodi and Angul sectors separately which decides the projects to be executed and its estimates.
Commodity reported that Industry metals tumble due to low demand in international market and weak US housing data released in next week. Base metals drifted by more than 1.5% down in opening trade amid weak global trend. Among all industrial metals, Aluminum future underperformed as prices drop by more than 2%. Ms Amrita Mashar analyst said that base metals expected to tumble under pressure due to slowing US housing data. In case, Copper rebound above 400 than only metals may recover slightly in today’s evening session.
Brazil's July Aluminium Production according to Abal the Brazilian aluminum association is as follows: In ('000 tonnes) Total Production 118.1(July'2011)130.6(July'2010) Change -9.6%
Recently, Electrolytic aluminum industry supply can’t meet with demand under the government tight control. Majority of electrolytic aluminum enterprises once again gain profit. Aluminum hasn’t been favored in the past, however, since this June, electrolytic aluminum with its climbing price begins standing out among all other metals. According to professors, there are two factors that may contribute to the rising price. On one side, power supply tension in summer limits the operation of electrolytic aluminum. On the other side, due to increasing cost of raw material, many power enterprises readjust power price which greatly affects cost of electrolytic aluminum companies. Our national economy’s rapid development as well as consumption products including infrastructure, public services,...
Quality Inspection Center of Shanxi Huaze Aluminum & Power Co., LTD holds August lecture on the basis of analyzing general work on August 11th. In the lecture Technical staffs analysis ways to combine five businesses that including quality inspection, testing, information and automation. During the interaction, they provide suggestions and communicate with each other on some interesting issues.
Faced with increasing pressure to reduce emissions, the Rio Tinto Alcan Lynemouth Aluminum Smelter, located in Northeast England’s village of Lynemouth, is considering a switch from coal power to biomass at its on-site 420-megawatt (MW) power station. The power station produces enough electricity for the smelter and some backup power, which can be exported to the grid when it is not needed, according to John McCabe, corporate affairs director for Alcan Aluminum U.K. Ltd.
Obtaining aluminum from London Metal Exchange warehouses in Johor, Malaysia, may take longer after orders to draw the metal from local stocks jumped to the highest level in more than seven years. Orders to draw aluminum from Johor warehouses, known as canceled warrants, jumped 19,350 metric tons, or 33 percent, to 78,350 tons, the highest level since at least July 2004, exchange data showed today. That’s the second increase in four sessions after bookings climbed 32 percent on Aug. 12.
United Co. Rusal, the world’s largest aluminum producer, plans to increase output of high- purity aluminum used in computers and mobile phones as demand rises in Asia and the U.S. Rusal’s Krasnoyarsk plant in Russia is targeting a 13 percent increase in output of the high-purity metal this year to 17,000 metric tons, the Moscow-based company said today in an e- mailed statement.
LME aluminium's fall may have ended and the contract may bottom out around $2,363 per tonne. The short-term downtrend that started at the July 27 high of $2,675.25 has developed five waves, with the final wave "5" likely to complete around $2,363.25, a low touched on Aug. 9.
UC RUSAL,the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, considers that today’s decision by the Board of Directors of Norilsk Nickel to approve a share buyback is not aimed at meeting the interests of all the shareholders of the company, but exclusively those of the Interros group.
Bhoruka Aluminium Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 26, 2011, inter alia, to consider the issu of Bonus Shares.
