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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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 in the morning session with a huge 3% loss within 10 minutes. SMM expects aluminum prices to keep fluctuating in the short term while waiting for data support.
Trading prices spot aluminum in Shanghai were between RMB 18,400-18,430/mt on August 4th, 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. In the morning, SHFE aluminum prices plunged with a huge 3% loss reported within ten minutes, and later stabilized to close at RMB 18,140/mt. Traders were unwilling to sell goods due to low prices, and middlemen were purchasing actively. Overall market transactions were moderate.
Weakness in the overall mood of metals has offered considerable decline for Aluminium in last three days. The metal markets have been prone to some negative news from the US. Chinese inflation worries have also been peaking out to lend softness in prices.
Emirates Aluminium, plans to spend $4.5 billion to nearly double its potential output of the widely used metal in the industry. The Abu Dhabi-based firm's board of directors has approved the phase two expansion plan to increase annual capacity to 1.3 million metric tonnes by the end of 2014.
Rio Tinto (LON:RIO) posted record first half earnings as the benefits of higher prices for its products more than offset the impact of adverse weather on its Australia alumina operations and lower group volume. First half to June underlying earnings soared 35 per cent to US$7.8 billion, with net earnings ahead 30 per cent to US$7.6bn versus last time. First half cash flow from operations rose 31 per cent to US$12.9 billion, also a record.
First-half profit at Greek metals group Mytilineos (MYTr.AT: Quote) exceeded expectations, helped by strong demand for aluminium and its booming power station business, the company's earnings showed on Wednesday.
Montana Senator Jon Tester says a pending power deal between the Bonneville Power Administration and Columbia Falls Aluminum is not only good economic news for the Flathead, it's also critical to the entire state's well-being.
Mainboard-listed XinRen Aluminum Holdings Limited, a large scale vertically integrated producer of primary aluminum products with one of the most cost effective structures in the PRC, will announce its 2nd quarter financial results ended 30 June 2011 on Thursday, 11 August 2011, before market open.
US ISM said on August 3rd its non-manufacturing index fell from June’s 53.6 to 52.7 in July, a new low since February 2010 and lower than the expected 53.6. US Department of commerce announced US June factory orders fell by 0.8%, higher than the expected 0.7%, and adjusted June durable goods orders fell by 1.9%. As a result, overall market sentiment turned low due to worries that the sluggish US economy may need more time to recover. LME aluminum prices fell after opening higher overnight, due to low market confidence caused by weak US economic data. Finally closed price was USD 2,531.75/mt, down USD 42.75/mt or 1.66%. LME aluminum inventories fell by 7,575 mt to 4,429,900 mt. Cancelled warrants were 356,075 mt, accounting for 8.04% of total LME aluminum inventories. SMM expects aluminum...
Most active SHFE 1110 aluminum contract prices opened lower at RMB 18,285/mt on August 3rd, and surged later with strong long momentum to above the 5-day moving average. Most active SHFE aluminum contract prices climbed to RMB 18,500/mt after positions rose by over 20,000 lots, and finally closed at RMB 18,520/mt, up RMB 185/mt or 1.01% from previous trading day. As SHFE aluminum gained despite falling of other metals pries, market confidence for aluminum prices recovered following temporary fluctuation, and SMM expects SHFE aluminum prices to hit RMB 18,645/mt again after consolidating at RMB 18,500/mt. Mainstream traded prices of spot aluminum in Shanghai on August 3rd were between RMB 18,640-18,660/mt, with premiums of positive RMB 40-60/mt over SHFE current-month aluminum prices. In...
Most active SHFE 1110 aluminum contract prices opened lower at RMB 18,285/mt on August 3rd, and surged later with strong long momentum to above the 5-day moving average. Most active SHFE aluminum contract prices climbed to RMB 18,500/mt after positions rose by over 20,000 lots, and finally closed at RMB 18,520/mt, up RMB 185/mt or 1.01% from previous trading day. As SHFE aluminum gained despite falling of other metals pries, market confidence for aluminum prices recovered following temporary fluctuation, and SMM expects SHFE aluminum prices to hit RMB 18,645/mt again after consolidating at RMB 18,500/mt. Mainstream traded prices of spot aluminum in Shanghai on August 3rd were between RMB 18,640-18,660/mt, with premiums of positive RMB 40-60/mt over SHFE current-month aluminum prices. In...
Reliance Steel & Aluminum Co. said on Wednesday that it has acquired the rest of Continental Alloys & Services Inc. and affiliated companies.
UC RUSAL announced that the company has issued a mandate to arrange an up to USD 4.75 billion syndicated finance facility. The facility proceeds will be primarily used to take out the outstanding debt under the International Override Agreement.
Premiums for physical metals in Europe held within recent ranges with prices expected to pick up after the traditionally quiet summer months. In the United States, tin premiums have risen steadily as dealer’s price in prospects of tighter supplies and healthier demand in the second half of the year. Premiums for physical zinc were quoted pretty much unchanged at around USD 130 per tonne to USD 145 per tonne. Premiums for duty paid physical aluminum were unchanged at USD 205 per tonne to USD 235 per tonne over LME cash prices. Premiums for duty unpaid material was quoted at USD 140 per tonne to USD 160 per tonne.
Century Aluminum (NASDAQ:CENX) closed Tuesday's deflating trading session at $11.97. In the past year, the stock has hit a 52-week low of $9.28 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $11.37 and resistance in the $13.07 range. Technical indicators for the stock are Bearish. For a hedged play on Century Aluminum (CENX), look at the Jan '12 $10.00 covered call for a net debit in the $9.12 area. That is also the break-even stock price for this trade. This covered call has a duration of 171 days, provides 23.81% downside protection and an assigned return rate of 9.65% for an annualized return rate of 20.60% (for comparison purposes only). Century Aluminum (CENX) does not pay dividends at this time.
Eurasian Natural Resources Corp., a Kazakh metals producer, said iron-ore production dropped 4.8 percent in the second quarter and saleable concentrate slumped 17 percent as customers sought higher-cost pellets. In the ferroalloys division, volumes for most products grew, with a 0.8 percent increase in total saleable ferroalloys and a 3.2 percent gain in saleable ferrochrome, the company said. Bauxite extraction rose 1 percent, aluminum output climbed 8.8 percent and alumina production was little changed.
Harbor Intelligence anticipates price weakness for aluminum in the short term, but “substantial” upward pressure afterward. Prices rose in July, supported by good physical demand, plus recovering demand for secondary Aluminium from the global auto sector, Harbor says. Funds built slight long positions. “Market conditions have been especially tight in China, where prices reached a 40-month high and trade in backwardation,” Harbor says. Still, Harbor cautions of possible weakness in the near term, with support around $2,500 to $2,450 a metric ton, or 113 to 111 cents a pound. Chinese monetary tightening and debt issues in the U.S. and Europe have dented market confidence, and end-user demand has slowed. Seasonal weakness can’t be ruled out for the next one and one-half months, Harbor says.
Government decisions in China could underpin aluminum but undercut lead, says Commerzbank. Aluminum smelters in the province of Henan have been asked to prepare for Electricity supply cuts. “Henan is China's largest aluminum-producing region. This could result in production losses there and a further rise in prices,” Commerzbank says. Prices on the Shanghai Futures Exchange already have climbed 7.5% since the beginning of July. “Coupled with the sharp reduction of inventories in China, with aluminum stocks on the SHFE at their lowest level in two years, these possible production losses could Lead to greater imports, which could ultimately support the price of aluminum on the LME as well.”
