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 London Metal Exchange Thursday said it has received applications to list the Alusigma brand under its aluminum alloy and NASAAC contracts.
Tin for three-month delivery fell 1.5 percent to $25,900 a metric ton on the London Metal Exchange. Nickel slid 1.1 percent to $23,550 a ton and aluminum lost 1.2 percent to $2,495 a ton.
After opening at RMB 18,460/mt on August 4th, most active SHFE 1110 aluminum contract prices quickly plunged to below 5-day and 10-day moving averages in the morning session, and closed at RMB 18,135/mt, down RMB 335/mt from previous trading day after a slight rebound. Market confidence turned low after SHFE aluminum prices plunged with a huge 3% loss within 10 minutes. SMM expects aluminum prices to keep fluctuating in the short term before new data is released. After opening at RMB 18,460/mt on August 4th, most active SHFE 1110 aluminum contract prices quickly plunged to below 5-day and 10-day moving averages in the morning session, and closed at RMB 18,135/mt, down RMB 335/mt from previous trading day after a slight rebound. Market confidence turned low after SHFE aluminum prices...
European Central Bank announced on August 4th to maintain its interest rate at 1.5%, ending rate hikes starting in April. US Department of Labor announced new unemployment claims fell to 400,000 during the week from July 25th – 29th, slightly better than expected. However, the market was more concerned about spreading of the euro zone debt crisis from second tier to first tier countries, and with weak economic data from major economies, market demand expectation was significantly lowered, leading to selling-off of commodities. As a result, US stock prices, commodities prices plunged, and the US dollar index surged supported by stronger risk aversion sentiment to above the moving averages. The US dollar index finally closed at 75.336, up 1.92%. LME aluminum prices maintained a falling...
Trading of aluminum futures and options on the London Metal Exchange surged almost 37 percent in July from a year earlier, according to figures from the exchange. Following are monthly futures and options trading volumes for selected metals on the LME.
After opening at RMB 18,460/mt on August 4th, most active SHFE 1110 aluminum contract prices quickly plunged to below 5-day and 10-day moving averages in the morning session, and closed at RMB 18,135/mt, down RMB 335/mt from previous trading day after a slight rebound. Market confidence turned low after SHFE aluminum prices plunged with a huge 3% loss within 10 minutes. SMM expects aluminum prices to keep fluctuating in the short term before new data is released. Morning trading prices of spot aluminum in Shanghai on August 4th were between RMB 18,400-18,430/mt, with premiums of positive RMB 50-80/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,510-18,530/mt. Trading prices of spot aluminum in Wuxi were between RMB 18,390-18,420/mt. After SHFE...
Officials at Middle Point Landfill today said they are managing elevated temperatures in a portion of the facility caused by the oxidation of aluminum waste buried there years ago. Certain waste material from the aluminum manufacturing and recycling process has become problematic for some landfills. Up until 2007, this waste was accepted at Middle Point in accordance with the landfill’s classification as a Class 1 landfill and as approved by the Tennessee Department of Environment and Conservation (TDEC). In 2007, the landfill stopped accepting aluminum waste material due to a change in company policy.
China’s stocks fell, driving the benchmark index toward its worst week since May, as global equities markets plunged on concern slumping U.S. growth and Europe’s debt crisis will push the world economy into recession.
China plans to raise its self-sufficiency in nonferrous metals by stepping up domestic exploration and overseas acquisitions during the 12th Five-Year Plan (2011-2015), said an industry official on Thursday. Jiang Mingxing, vice-chairman and secretary-general of the China Nonferrous Metals Industry Association (CNMIA), said companies in the sector want greater control over upstream resources and higher profits. Kang Yi, former chairman of the CNMIA, previously told China Daily that the nation's self-sufficiency rates for copper would reach 55 percent and aluminum would be 75 percent, during the plan period.
United Company RusAl, the world's largest aluminum producer, may get a 40 billion ruble ($1.4 billion) loan for 15 years from state development bank Vneshekonombank to complete the delayed Taishet smelter in Siberia. The Taishet plant, based in the Irkutsk region, is one of RusAl's largest projects. Construction of the 750,000-ton capacity aluminum smelter started in 2007 and the first metal should have been produced at the end of 2009.
Kaiser Aluminum Corporation today announced that Daniel J. Rinkenberger, Senior Vice President and Chief Financial Officer, will present at the Jefferies 2011 Global Industrial and A&D Conference in New York on Tuesday, August 9, 2011 at approximately 1:30pm Eastern.
US producer Century Aluminum earned 24 cents/share, or $23.99 million, up from 5 cents/share, or $5.15 million, a year ago, the company said Thursday. Sales in the second quarter were $366.3 million, up from with $287.9 million in Q2 2010, the company said in a statement. Shipments of primary aluminum for the quarter totaled 151,483 mt versus 144,580 mt in the year-ago quarter, Monterey, California-based Century said. "Aluminum market conditions have remained generally stable during the last few months," commented Logan Kruger, Century's president and CEO. "In the developed economies, we continue to see demand reasonably in balance with supply. In China, Brazil and other developing markets, the pace of growth continues at robust levels. The long-term trends of constrained supply and...
US producer Century Aluminum earned 24 cents/share, or $23.99 million, up from 5 cents/share, or $5.15 million, a year ago, the company said Thursday. Sales in the second quarter were $366.3 million, up from with $287.9 million in Q2 2010, the company said in a statement.
Base metals on the Shanghai Futures Exchange fell Thursday on persistent concerns over the global economy fueled by disappointing economic indicators. Aluminum lost the most ground as investors locked in profits following its recent gains, while copper was partially supported by an ongoing strike at the world's largest copper mine, Chile's Escondida, that crimped supply.
The Department of Public Letter estimated on its official website that domestic electrolytic aluminum would reach 18 million tons up by 13% in the corresponding period previous year. Some uncertain factors such as high area electricity price may also affect electrolytic aluminum output.
The Department of Public Letter announced Wednesday about the operational aspect for electrolytic aluminum in the first half year. Electrolytic aluminum price continually runs in low level plus the rising cost, aluminum smelting enterprises win 5.2 billion profit declining by 23.6% in the corresponding period previous year.
Party member, vice-general manager and senior vice president Liu Caiming presided over meeting for analyzing economic operation in the second quarter of 2011. This meeting analyzes its overall economic operative condition of the second quarter in 2011 and arranges works in the future.
After SHFE aluminum prices plunged in the morning session, spot aluminum prices in Nanhai fell in response. Selling interest was low among goods holders due to drastic price fall, downstream buyers also took a wait-and-see attitude, and market transactions were slightly sluggish as a result. Mainstream trading prices in Nanhai were between RMB 18,610-18,630/mt.
