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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Alcoa (AA) is one of the world's largest producers of aluminum and aluminum-related products. The company operates numerous aluminum mines and smelters across the globe and is expanding into emerging markets where demand is on the rise. The company recently reported its second quarter earnings for this fiscal year. Net profits missed analyst consensus estimated by 1 cent. Revenues for the quarter however grew nearly 27 percent year-over-year, and was $6.6 billion beating consensus estimate of $6.3 billion.
Aluminum to Jump 20% in London, Chasing China: Chart of the Day Aluminum will advance 20 percent in London trade, catching up with its valuation in Shanghai, after the gap between the two markets widened to the most in eight months, according to research company Harbor Intelligence. Aluminum Declines to Six-Month Low in London on Demand Outlook. Aluminum fell to a six-month low, erasing gains for the year, as slower growth may curb demand.
Aluminum Corporation of China (NYSE:ACH) closed Friday's volatile trading session at $18.92. In the past year, the stock has hit a 52-week low of $18.05 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $17.35 and resistance in the $20.33 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Jan '12 $17.50 covered call for a net debit in the $16.37 area. That is also the break-even stock price for this trade. This covered call has a duration of 166 days, provides 13.48% downside protection and an assigned return rate of 6.90% for an annualized return rate of 15.18% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield...
In the first half year, sales revenue of non-ferrous metal industry in Jiangxi province reaches 185, 76 billion Yuan up by 53.7% in the corresponding period previous year. It owns profit of 11, 67 billion Yuan and tax 6.59billion increasing by 116.3 % and 47.0% respectively over same period last year.
The Science & Technology project undertaken by Shangdong Nanshan Aluminum Co.,LTD has recently listed into national science and technology support plan with 12.52 million supporting funds. The project——Liquid aluminum short alloying process and key technology of plastic forming is led and organized by Shandong Nanshan Aluminum Co.,LTD with North China Aluminum Co.,LTD, General Research Institute For Nonferrous Metals and Northeast University etc..
Rio Tinto Group, the world’s second- biggest mining company, and Mitsubishi Corp. (8058) offered A$1.49 billion ($1.55 billion) for the shares in Coal & Allied Industries Ltd. (CNA) they don’t own to take the coal miner private. Rio and Mitsubishi, which own stakes of 75.7 percent and 10.2 percent respectively, made an initial offer of A$122 a share, 34 percent more than the Brisbane-based company’s closing price of A$91, Coal & Allied said today in a statement. The bid values Coal & Allied at A$10.6 billion, the company said.
Deutsche Bank looks for Aluminium to outperform copper. Overall, the base-metals complex is lower for the year to date due to European debt fears and U.S. macroeconomic data, the bank says. The “one area of hope” for Copper and aluminum is much demand is driven by China, particularly public-sector housing construction. “In the near term, we believe that aluminum could outperform copper in an environment where global growth is under attack,” Deutsche Bank says. “We believe downside risk for aluminum is limited as it is trading relatively close to marginal cost and recent power shortages in China could also provide support.” The bank looks for aluminum to average $2,650 a metric ton in the third quarter and $2,800 in the fourth. It looks for $9,500 Copper in the third quarter and $9,900 in...
The aluminum exports in Russia over IH added 29.5% to come to $3.594bn from $2.775bn prior year, Federal customs service informed.
Aluminum Corporation Of China Limited (NYSE:ACH): Down 1.87% to $18.92. Aluminum Corporation of China Limited, also known as Chalco, is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts aluminato to produce primary aluminum.
Century Aluminum Co. plans to resume construction of its greenfield smelter in Helguvik, Iceland, next year, and expects its Hawesville, Ky., plant to reach capacity by the end of the year, executives announced Friday. Century Aluminum Co. plans to resume construction of its greenfield smelter in Helguvik, Iceland, next year, and expects its Hawesville, Ky., plant to reach capacity by the end of the year, executives announced Friday.
While the High Court has ordered Eskom to release the details of its pricing agreement with BHP Billiton's Hillside and Mozal smelters, which consume an estimated 5.7% of the South African utility's total supply, the ruling might be opposed by BHP Billiton. BHP Billiton, which is reportedly weighing its legal options, argued in court papers that disclosure of the pricing would harm its financial and commercial interests by informing other industry participants about the production costs of smelters.
Following the success with other comparable regional projects such as Qatalum in Qatar and Dubal in the UAE, Schoeck ME FZE will be supplying their ComBAR fibreglass-reinforcement bars to the Ras Az Zawr aluminium smelter project in Jubail, Saudi Arabia. The ComBAR components were chosen strictly due to their inherent values over more commonly used reinforcement bars including non-conductivity and corrosion resistance which is of major benefit in Middle Eastern climate. Schoeck will be supplying a selection of rebars for the project including straight and bent rebars as well as spacers.
SmarTrend is monitoring the recent change of momentum in Kaiser Aluminum. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kaiser Aluminum in search of a potential trend change. In the past 52 weeks, shares of Kaiser Aluminum have traded between a low of $35.54 and a high of $57.29 and are now at $48.68, which is 37% above that low price.
US Department of Labor announced on August 5th that non-farm employments rose by 117,000 in July, much higher than the expected 85,000. Un-employment rate of July also slightly fell to 9.1%, indicating an optimistic trend in the US employment market. However, panic sentiment among investors turned stronger due to worries towards a global economic recession given uncertainties of the European debt crisis. LME aluminum prices fell for a sixth consecutive day on August 5th with a 2.6% loss during the day. After hitting a low of USD 2,405/mt, LME aluminum prices slightly rebounded at the tail of trading to close at USD 2,431/mt, down USD 65/mt. Total positions rose by 7,949 lots to 729,194 lots. Late on August 5th, the credit rating agency Standard & Poor’s downgraded US debt rating from AAA...
Copper stockpiles monitored by the Shanghai Futures Exchange increased for a fourth week, while aluminum inventories declined to a 26-month low. Aluminum inventories decreased for a 21th week, losing 23,585 tons to 158,130 tons, the lowest level since June 2009, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.
Due to plunging commodity prices overnight, most active SHFE 1110 aluminum contract prices opened lower at RMB 17,800/mt on August 5th. Within ten minutes after opening, most active SHFE aluminum contract prices fell and stopped at RMB 17,485/mt, down RMB 730/mt or 4% with positions falling by over 10,000 lots due to profit-taking and stop loss. At the tail of trading, all SHFE aluminum contract prices fell to a stop and SHFE aluminum prices slipped the most among all base metals prices. Long positions fell by over 25,000 lots during the day with bearish market sentiment growing, and most active aluminum contract prices are expected to keep falling and test RMB 17,000/mt. Latest SHFE aluminum stocks fell by 23,585 mt to 158,130 mt. SMM expects aluminum prices to keep falling this week...
Supply constraints in the metals sector, accentuated by Chinese export restrictions, have resulted in private equity players expressing an unprecedented interest in the field. PE investments amounting to $650 million have poured into the $30-billion Indian metals and minerals sector in the first half of 2011, according to estimates by VC Edge, a firm with real time data on PE investments in India. India's aluminium production witnessed a 17.6% growth to 1.7 mt over last year.
Aluminium Bahrain's (Alba) chairman, Mahmood Al Kooheji, said that the company would distribute dividends at 27 fils per share, reported Gulf Daily News.
