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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Navaratna PSU National Aluminium Company Limited (NALCO) has registered an impressive 32 per cent in its net profit to Rs 377 crore in the first quarter ended June 30, 2011. The company had posted a net profit of Rs 284 crore in the corresponding period last year.
In the June quarter, Hindalco Industries Ltd’s stand-alone results benefited from rising aluminium prices, and better treatment and refining charges for copper; but negative factors were a strong rupee versus the dollar, and the higher prices of coal and fuel. Revenue rose 16.5% year-on-year to Rs. 6,031 crore, but operating profit margin narrowed by 170 basis points to 14.4%. One basis point is one-hundredth of a percentage point. On a sequential basis, however, margins improved by nearly a percentage point. Aluminium production during the quarter was flat due to the inadequate supply of bauxite. The output of value-added products, too, was affected due to sluggish demand and a lock-out at one of its units. But the domestic aluminium business may get singed by the unfolding financial and...
Alro SA, one of the largest aluminium producers in Central and Eastern Europe, reported a net profit of RON 177.4 million (approximately USD 59.5 million) for the first half of 2011. The turnover for the first half of 2011 reached RON 1.14 billion ( approximately USD 381 million), increasing from RON 875.4 million (USD 277 million) in the first half of 2010.
Alumil Rom Industry made public its 2Q 2011 results under RAS and some key 1H 2011 indicators under IFRS. 2Q sales contracted 11% yoy and were significantly bellow our estimates. We had forecasted a rebound in yoy terms on slightly better market conditions (retailers' expansion) and mostly on a base effect, considering the already depressed 2Q 10 level. Margins came bellow our estimates on higher costs of raw materials (aluminium), but were better on yoy terms on lower costs.
Emirates Aluminium Company Ltd. has selected SNC-Lavalin Group Inc. (TSX:SNC) to manage the construction of Phase 2 of a major smelter project in Abu Dhabi in the United Arab Emirates. The project will add 525,000 tonnes of annual aluminum production capacity when it is completed in 2014.
Alcoa Inc. (NYSE:AA) gained 0.08%, to close at $12.26 and its overall traded volume was 36.12M shares in the last trading session. AA shares were trading within the range of $12.11-$12.58 while its opening price was $12.55. The stock has a 52 week range of $9.92 – $18.47. The market capitalization of the company stands at $13.05B and it has 1.06B outstanding shares.
Century Aluminum Company (CENX) stock advanced 3.72% in today's session to $11.43 per share. Shares of Century Aluminum Company have traded as high as $20.76 per share and as low as $8.72 in the last year.
PetroChina and Aluminum Corporation of China Limited (CHALCO) signed Phase-? strategic cooperation agreement for purchase and sale of petroleum coke in Beijing. According to the agreement, PetroChina will supply CHALCO with petroleum coke and related services of high standard and quality. CNPC Vice President Shen Diancheng and CHALCO Vice President Jiang Yinggang had a friendly discussion and attended the signing ceremony.
The board of Russian metals group Norilsk Nickel has approved a new share buyback and was swiftly criticised by aluminium group UC RUSAL for acting in the interest of long-time rival shareholder Interros. Norilsk said on Monday it has yet to decide the number of shares to be purchased and their price.
OAO Sberbank, Russia’s largest lender, reduced the interest rate and extended the maturity on a $4.6 billion loan to United Co. Rusal, the world’s largest aluminum producer said. The interest rate was cut to the London interbank offered rate plus 4.5 percent annually, Rusal said in a statement posted to Business Wire. The loan will mature five years after the amended agreement is signed, according to the statement.
Emirates Aluminium (Emal) has awarded $700 million in contracts for an expansion project it plans to complete by 2014, the Abu Dhabi-based company said. Phase two of the aluminum complex will almost double the firm’s production capacity to 1.3 million tons a year, making Emal’s plant the largest single-site aluminum smelter complex in the world, the statement said.
Century Aluminum Co. (CENX.O: Quote) plans to restart the idled potline at its Hawesville, Kentucky, smelter by year-end and begin construction on the Helguvik, Iceland, smelter in early 2012 at the latest, company executives told analysts on a recent conference call. "Bottom line, we now believe the plant will be operated at graded capacity by the end of this year," said Chief Executive Officer Logan Kruger of the 244,000 tonne-per-year aluminum smelter at Hawesville, Kentucky.
According to report of Federal State Statistics Service, Russia’s aluminum production down by 2% YoY in the first 6 months of this year however, the exact statistics hasn’t been revealed.
Aluminum prices have held their ground “reasonably well” lately as other base metals fell more sharply, and the latest big rise in LME stocks did not accelerate the fall in prices, Commerzbank says. Wednesday marked the sharpest rise in LME stocks ever for aluminum, with over 185,000 metric tons going into the Dutch port of Vlissingen. Aluminum inventories there have doubled in just two weeks, and Vlissingen now has the second-largest stocks worldwide after Detroit. “Further rises are likely as this includes part of the delivery of over 1 million tons of Aluminium from previous years that had been held so far outside the LME warehouse system and have only now been officially registered,” Commerzbank says.
Hindalco Industries Ltd. (HNDL), India’s largest aluminum maker, said fiscal first-quarter profit gained 21 percent, beating estimates, on higher prices. Net income climbed to 6.44 billion rupees ($142 million) in the three months ended June 30 from 5.34 billion rupees a year earlier, the company said today in a statement. Hindalco, controlled by billionaire Kumar Mangalam Birla, benefited from higher prices of aluminum and copper as economic growth in China and India fueled demand for homes, appliances and automobiles.
Higher power prices and higher prices for carbon anode are also giving an edge to China importing aluminum. If prices rise across the board, it could mean the idled capacity in China resumes, but so far existing supply-side constraints there have prevented a restart. “Unless SHFE prices rise to offer more of a profit margin to domestic smelters Chinese imports are likely to pick up in the second half. Overall, we believe that these forces will provide good downside support for London Metal Exchange prices in the current risk-off environment,” they say.
Chinese aluminum imports could increase in the second half of 2011 as marginal costs in China are above the average price at the Shanghai Futures Exchange, says Barclays.
According to Yunnan Aluminum report, it has reached 3.991 billion Yuan sale revenue in H1 increasing by 24.41% in the corresponding period last year. Net profit that belongs to the parent company reaches 31,350,000 Yuan rising by 177.49% year-on-year. Yunnan Aluminum production in the first half year achieves 263,600 tons with 14.05% year-on – year increase. Aluminum ingot and aluminum processing product reaches 260,900 ton growing by 11.85% over the same period last year.
