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....
Grow with
AL Circle
Debt-laden UC RUSAL (0486.HK), the world's largest aluminum producer, has reached agreement with Russian state-run bank Sberbank (SBER03.MM) on easier terms for a $4.58 billion loan facility. RUSAL said the maturity of the debt, secured in September 2010 and due December 7 2013, would be extended to 2016, with the interest rate reduced to Libor plus 4.5 percent down from 5.0 percent previously. In addition, a $2.25 billion guarantee against the loan provided by Vneshekonombank (VEB) has been terminated, a joint RUSAL and Sberbank statement said on Tuesday.
According to China Nonferrous Metals Industry Association recently that Huadong Aluminum ranks the 48th in Chinese non-ferrous industry with CNY 3.926 billion sale revenue.
China Zhongwang is still subjected to U.S. anti-dumping and anti-subsidy policy with 80% or 0.412 billion Yuan less profit. Nevertheless, net profit of the second quarter has shown signs of revival as increasing by 50% to 0.247 billion Yuan. Vice president of China Zhongwang, Lu Changqing yesterday expresses that they won’t give up American market which serves as a blueprint of expanding domestic market.
Alcoa Inc. spent $590,000 in the second quarter to lobby Congress on issues ranging from cap-and-trade to defense appropriations, according to a recent disclosure report. From April through June, Alcoa lobbied on cap-and-trade issues such as allocation credit for early action and international trade implications. Other issues included defense appropriations related to naval and air programs and hydroelectric generating facilities. The manufacturer also addressed power availability from the Tennessee Valley Authority and power authority from the Bonneville Power Administration. No legislation was discussed on these topics.
Dr. Hilal bin Abdullah al Hinai, General Manager of Human Resources and Corporate Affairs at Sohar Aluminum Company said in a statement to Oman News Agency (ONA) that Sohar Aluminum Company will celebrate next Saturday completing 1 million ton of Aluminum from the smelter, which started production in June 2008. "Reaching the benchmark of 1 million ton of production is a great achievement that reflects the success of the company in integrating the aluminum industry in the Sultanate, especially it is the first aluminum smelter in the Sultanate," he added.
Sichuan Aostaral Aluminum Co., LTD recently has achieved full production. Projects of electrolytic cell energy saving has put into operation and electrolytic aluminum production rose from the initial 10,417 ton per month to the current 13,000 ton.
Aluminum Corp. of China, or Chinalco, said Tuesday that its pretax profit in the first half surged 127.8% from a year earlier due to strong demand for aluminum, rare earths and copper. Revenue gained 10.9% in the first half, the company said in a statement on its website without elaborating.
Hydro's technology center in Årdal, Norway, is installing a unit to remove sulfur dioxide (SO2) from the flue gas from aluminium production. The unit will reduce emissions of SO2 from the technology center by 200t/y. It is the first industrial application of this technology. The new facility has an expected cost of NOK35M ($6.4M) and is scheduled to be in full operation by the autumn of 2012.
Hindalco Industries, the Aditya Birla Group flagship, faces a surge in production cost at its upcoming aluminium project in Mahan, Madhya Pradesh. The company is building a 359 kilo tonne per annum (ktpa) aluminium smelter and a 750 megawatt (mw) plant as a captive source, slated to be operational by this year end.
Analysts are bullish on Hindalco on account of expansion, restructuring and de-bottlenecking activities undertaken by the company. Broking firms have maintained a ‘buy’ rating on the stock with a target of Rs 195-220 as the company is likely to post encouraging numbers in the ensuing quarters.
Aluminum Corp. of China, or Chinalco, said Tuesday that its pretax profit in the first half surged 127.8% from a year earlier due to strong demand for aluminum, rare earths and copper.
Kazakhstan produced 1.1 million metric tons of primary aluminum in the first seven months of the year, 2.4% more than in the corresponding period last year, the state statistics agency said late Monday.
In range-bound movements, aluminium prices edged higher by 0.28% to Rs 109 per kg in futures trading today, largely in tandem with a firming trend overseas.
Equities research analysts at BMO Capital Markets upgraded shares of Alcoa Inc. (NYSE: AA) from an "underperform" rating to a "market perform" rating in a research note to investors on Friday.
Dubai Aluminium Company Limited (DUBAL) — the wholly state-owned enterprise that operates a one million metric tonne per annum primary aluminium smelter, one of the world's largest of its kind — endeavours continually to be a responsible corporate citizen. Evidencing the company’s ongoing commitment to energy conservation, in particular, DUBAL is a member of the Dubai Supreme Council of Energy (“SCE”), whose mandate includes, among others, rationalizing the use of energy and ensuring environmental sustainability through demand management initiatives and programmes. In this regard, DUBAL has whole-heartedly adopted the directives issued by H H Sheikh Ahmed Bin Saeed Al Maktoum (President of Dubai Civil Aviation, Chairman of Emirates Airline Group, and Chairman of SCE) to all SCE member...
Aluminium Bahrain B.S.C. (Alba) organised a unique gergaoon celebration at the Alba Club on Saturday, August 13, 2011 in honour of Bahrain’s senior citizens who are currently residents of different retirement homes in Bahrain.
CHENCO GmbH announced that they have filed claims of more than EUR 23 Million against Do-Fluoride Chemicals (DFD, 002407.SZ) of Henan, China under ICC arbitration for immediate judgment.
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, according to XinRen Aluminum Holdings Ltd. (XAH)
