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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The Chinese Weiqiao Textile Group is expanding its field of business and investing in a production facility for aluminum at Shandong Weiqiao Aluminum & Electricity Company in Zouping located in the province of Shandong in eastern China. To ensure the secure transport and storage of the coils produced in the hot rolling mill and subjected to further processing in the cold rolling mills and strip processing lines the customer has ordered a high bay store and coil conveyor systems from SMS Logistiksysteme, Germany.
With an operating capacity of 244,000 tons per year, Century Aluminum’s primary aluminum smelting plant in Hawesville, Ky., has been in operation since 1969. The original 400-ft chimney stack featured an incandescent beacon lighting system installed in the 1970s. Looking to upgrade its antiquated technology, the company replaced its vintage beacons with a new, high-efficiency Dialight Vigilant Series L-864 LED red beacon system in an effort to achieve savings in energy consumption and cost, as well as dramatically cut maintenance expenses. The 42-yr-old chimney stack had become a drain on the company’s energy and financial resources. With two sets of four 1,400W incandescent beacons and two sets of four 116W sidelights (total of 16 units) operating night and day, the company was spending...
Aluminum products maker Novelis expects strong demand from the auto industry to offset softness in the U.S. beverage can business and a pullback by European electronics consumers, its chief executive said on Tuesday. Phil Martens said fiscal second-quarter results could be slightly better than a year ago as the company forges ahead with plant expansions to handle expected growth in aluminum consumption.
The copper theft bill that Gov. Haley signed on June 20 goes into effect on Aug. 16. It requires that anyone selling or buying non-ferrous metals have a permit from their local sheriff's office. Non-ferrous metals include aluminum, copper, lead, zinc and tin. The Richland County Sheriff's Department will start issuing permits on Tuesday, Sheriff Leon Lott said at a press conference Monday.
Improving market prices for aluminum fuelled by demand from China and other rapidly developing economies helped drive revenues for the quarter. The company's products are segmented into 4 groups – Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. For the quarter, Alumina shipments grew 11.8 percent year-over-year, Flat-Rolled Products shipments increased 24.8 percent year-over-year, and Engineered Products and Solutions shipments increased 23.9 percent year-over-year. Primary Metals shipments were flat compared to the year-ago quarter. Demand among the automotive and aerospace industries is also slowly growing. Alcoa manufactures innovative solutions for the transportation industry which helps improve efficiency through its Engineered Products and...
China's production of key industrial metals, including crude steel, aluminum, lead and zinc eased compared to a month earlier, as inflation worries and sector-specific oversupply weighed on producers. China's metals output is a barometer of industrial strength, which has increasingly come under pressure from a hawkish domestic monetary policy and sliding global growth.
Below are the top five companies in the Aluminum industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Aluminum of China (NYSE:ACH - Analyst Report) ranks first with a loss of 9.73%; Alumina (NYSE:AWC - Snapshot Report) ranks second with a loss of 10.97%; and Alcoa (NYSE:AA - Analyst Report) ranks third with a loss of 11.42%. Century Aluminum (NASDAQ:CENX - Snapshot Report) follows with a loss of 18% and Noranda Aluminum (NYSE:NOR - Snapshot Report) rounds out the top five with a loss of 20.97%. SmarTrend currently has shares of Century Aluminum in an Downtrend and issued the Downtrend alert on July 15, 2011 at $13.87. The stock has fallen 36.6% since the Downtrend alert...
Ten central enterprises participated in the signing ceremony held on August 8.Chinalco together with China Huaneng Group, China Huadian Corporation, Sinochem Group formally signed contract with Shanghai World Expo (Group) Co.,LTD and settled down in its B zone. This event marks the planning project of the central enterprise accumulation area in its B zone has completely in the right place with several companies’ active support and joint efforts from related parties.
Rare earth monopoly China earned a whopping $1.54 billion from the export of the precious minerals in the first half of this year. According to China Non-Ferrous Metals Industry Association, country's export value surged 9.3 fold year on year while volume of rare earth ore, metals and mixtures products was steady compared with the same period of last year.
Chongqing government has announced the top 50 industry enterprises for 2010. Southwest Aluminum (Group) Co., Ltd has been on the list for eleven years in a row. In 2010, facing with the complex economy situation and volatile market structure, Southwest Aluminum new leaders under the strong leadership of Chinalco proceeding with strong confidence, overcoming difficulty, vigorously adjusting structure and managing reform and open up policy ,as a result, it successfully conquers risks and various challenges. The overall annual commodity output and operating revenue grows by 27%and 24% respectively in the corresponding period last year.
EFFORTS to safeguard hundreds of jobs at Northumberland’s biggest private-sector employer are being moved forward as a critical review continues into its future. The owners of the 650-job Rio Tinto Alcan aluminium complex at Lynemouth are pressing ahead with radical plans to convert the coal-fired power station to biomass fuel in an attempt to ensure the facility remains viable.
Outotec has received two contracts worth €100m from Emirates Aluminium (EMAL) to expand an aluminium smelter in Abu Dhabi, UAE. Under the contract, Outotec will deliver aluminium smelter technology to the second phase of EMAL's smelter expansion project located at Al-Taweelah.
Stocks dropped again on Monday, sending the benchmark Hang Seng Index (HSI) to its biggest two-day slide since November 2009, after Standard & Poor's cut the US credit rating, raising concern global economic growth will slow. Aluminum Corp of China tumbled 2.7 percent to HK$5.88, and Rusal slumped 4.3 percent to HK$8.85.
THE Senate ad-hoc committee probing the privatisation and commercialisation activities of Bureau of Public Enterprise, BPE, yesterday commenced with revelations that the Aluminium Smelting Company of Nigeria, ALSCON, which was valued at $3.2 billion (N480 billion) was sold to a Russian company, Russel for $250 million (N37.5 billion). Answering questions from members of the committee, Director General of BPE, Ms. Bolanle Onagoruwa, who appeared before the committee in Abuja said the BPE put the cost of the company at $250million but conceded it to Russels for $130 million and left $120 million for dredging of Imo River. It was also revealed to the committee that the Delta Steel Company, DSC, valued by BPE at N225 billion was sold to Global Infrastructure Nigeria Limited for N4.5 billion,...
Sohar Aluminium (SA), in association with the Ministry of Social Development, organised a donation campaign among its employees from July 18 to August 1. To promote charity and social work, the company employees donated funds for the needy families. In addition to the employee donations, Sohar Aluminium Management will double the amount raised from the employees.
BHP Billiton may apply for leave to appeal against the judgment handed down by the South Gauteng High Court on last week whereby it and power utility Eskom were ordered to disclose the power pricing agreement for BHP’s Mozal and Hillside aluminum smelters.
The H1 2011 spot aluminum price averaged USD 2,551 per tonne an increase of 20% on H1 2010. The aluminum market was characterized by strong demand and high regional market premiums. The physical market was tightened due to reduced scrap availability aggressive warehouse incentives and financial deals resulting in long lead times to withdraw metal from LME warehouses. Other factors included higher oil prices impacting freight costs, stronger aluminum demand in some end use markets such as transportation and smelter closures in some regions.
Rio Tinto updates aluminum production on H1 2011. The Aluminum group’s underlying earnings of USD 379 million were 4% higher than H1 2010. This was principally as a result of higher exchange traded aluminum prices which increased earnings by USD 661 million compared with H1 2010. This was partly offset by adverse currency movements of USD 305 million mainly from the strengthening of the Canadian and Australian dollars against the US dollar. Higher costs from increased input prices and adverse weather impacts also reduced earnings. Abnormally heavy rains in Australia between December 2010 and April 2011 lowered underlying earnings by approximately USD 130 million due to lost alumina tonnage and higher costs in mining, refining and power generation, with a smaller impact expected to...
