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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As SHFE aluminum prices gained despite falling of other metals prices, spot aluminum prices in south China rose by RMB 120/mt in response. Mainstream traded prices in the area were between RMB 18,840-18,860/mt. However, sluggish downstream consumption gradually dragged mainstream traded prices lower. Though goods holders increased supplies, purchases were rarely reported, and market transactions were limited as a result.
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. Low-iron aluminum was traded between RMB 18,740-18,760/mt. Traded prices of spot aluminum in Wuxi were between RMB 18,630-18,660/mt. As SHFE aluminum prices gained over 1% despite falling of other metals prices, spot aluminum prices rebounded to above RMB 18,600/mt in response. Selling interest at higher prices was high among goods holders. Purchases among consumers also slightly increased in order to build up inventories. Market transactions were significantly improved compared with previous trading day.
Eurasian Natural Resources Corporation's group production volumes for the second quarter were at effective full capacity. In the alumina and aluminium division, aluminium volumes were higher as the smelter operated at its full phase 2 production capacity throughout the quarter.
On June 14, Hamden Police received a complaint from Yankee Aluminum regarding a worthless check in the amount of $33,853. Police said Robert Reiling of Fairfield County Glass in Danbury gave the check to personnel of Yankee Aluminum.
The ex-dividend date for Alcoa (NYSE:AA) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $14.62 as of 9:33 a.m. ET, the dividend yield is 0.8%.
CB&I has been awarded a storage tank project, valued in excess of US $60 million, by the Ma’aden Bauxite and Alumina Company. The project is a part of the Integrated Aluminium Complex in Ras Al-Khair, Saudi Arabia.
DESPITE THE harsh economic climate which has prevented thousands of young people from acquiring summer jobs this year, scores of students from tertiary-level institutions in Jamaica have received summer employment at Jamalco locations in Clarendon and Manchester. Human resources manager at Jamalco, Christopher Buckmaster, told The Gleaner that despite the ongoing challenges and constraints in the industry, Jamalco remains committed to reaching out to students in its operating areas.
Equities research analysts at Dahlman Rose lowered their price target on shares of Vale ADR Representing One Ord Shs (NASDAQ: VALE) from $45.00 to $43.00 in a research note to investors on Tuesday. The analysts currently have a "buy" rating on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Vale ADR Representing One Ord Shs from $46.00 to $42.00 in a research note to investors on Monday. They now have an "overweight" rating on the stock. Also, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Vale ADR Representing One Ord Shs to $44.00 in a research note to investors on Tuesday, May 31st. They now have a "buy" rating on the stock.
Alcoa Mill Products Inc. will pay $484,656.19 in back wages to 37 Hispanics and African-Americans as well as $35,516.88 to two women who all were rejected for job positions at the company's plant in Lancaster, Pa. The settlement resolves a finding by the U.S. Department of Labor that the company discriminated against Hispanic, African-American and female applicants for material handler positions. Alcoa Mill Products is part of Alcoa Inc., the world's leading producer of aluminum.
A power outage early Tuesday shut down Venezuela steelmaker Sidor and partially stopped operations at state-owned aluminum company Venalum, state media reported. A transformer failure at 3:35 a.m. led to the emergency stop at the plants, according to the Venezuelan News Agency.
As LME aluminum prices fell overnight, most active SHFE 1110 aluminum contract prices opened lower at RMB 18,350/nt on August 2nd. After sluggish Shanghai Composite Index forced some longs to exit the market, with total positions of SHFE 1110 aluminum contracts decreasing by 14,000 lots, SHFE aluminum prices struggled at the 5-day moving average. Finally closed price was RMB 18,340/mt, down RMB 205/mt or 1.11% from previous trading day. Though most active SHFE aluminum contract prices erased gains on the previous day, downward pace of aluminum prices was relatively slower than that of other metals prices. SMM expects bearish sentiment in other metals markets will drag down aluminum prices to test RMB 18,300/mt in the short term. Morning traded prices of spot aluminum in Shanghai on August...
The US dollar index rose and hit 74.734 on August 2nd after the US Congress reached an agreement to lift the country’s debt ceiling before the deadline. However, upward space of the US dollar index is limited by market worries towards recovery of the US economy. After fluctuating at the 20-day moving average, the US dollar index finally closed at 74.572, up 0.38%. LME aluminum prices fell for 3 successive days and hit a lowest USD 2,560/mt overnight, due to strengthening US dollar and weak global economy. During European trading hours, LME aluminum prices rebounded and closed above the 30-day moving average at USD 2,574.5/mt, down USD 12.5/mt or 0.48%. Total positions rose by 5,633 lots to 723,873 lots. SMM expects LME aluminum prices to fluctuate between USD 2,550-2,590/mt on August 3rd....
As LME aluminum prices fell overnight, most active SHFE 1110 aluminum contract prices opened lower at RMB 18,350/nt on August 2nd. After sluggish Shanghai Composite Index forced some longs to exit the market, with total positions of SHFE 1110 aluminum contracts decreasing by 14,000 lots, SHFE aluminum prices struggled at the 5-day moving average. Finally closed price was RMB 18,340/mt, down RMB 205/mt or 1.11% from previous trading day. Though most active SHFE aluminum contract prices erased gains on the previous day, downward pace of aluminum prices was relatively slower than that of other metals prices. SMM expects bearish sentiment in other metals markets will drag down aluminum prices to test RMB 18,300/mt in the short term. Morning traded prices of spot aluminum in Shanghai on August...
Rising fuel-economy performance will “fundamentally change” the way cars and trucks are made in the U.S., according to a new survey of parts suppliers and automakers. Much of that change will include materials used in vehicle production, with plastics and carbon-fiber composites running just behind aluminum in rising use, suppliers said. The survey, sponsored by Ward’s AutoWorld and DuPont, was released Aug. 2 during the auto industry’s Management Briefing Seminars in Traverse City.
A new deal could bring power back to the Columbia Falls Aluminum Company and add two-hundred jobs to the Flathead's economy. The plant shut down in 2009 after more than fifty years in business. Owners blamed the closure on the electricity costs.
Aluminium Bahrain reported a Q2 rise in sales earnings but net income was down for the period. Sales reached $645M in Q2 2011 as compared to $534M in Q2 2010 while net income fell nearly 22% to $185M from 237M in the corresponding period the year before. It blamed unrealised derivative gains for the decline. Production rose 3.5% in Q2.
Vice-President Namadi Sambo has expressed his consternation over the failure of the management of Aluminium Smelter Company of Nigeria (ALSCON) to dredge the Imo River after collecting N19.2billion ($120million). The contract was awarded in 2005 to Dayson Holdings Limited, the core investor of the privatised company.
Withdraws petition from green tribunal, makes fresh plea for Lanjigarh project. Nearly a month after Jairam Ramesh took over as the rural development minister, the Vedanta Group is trying to patch up with the Ministry of Environment & Forests (MoEF) to get its projects fast-tracked. Vedanta Aluminum Ltd (VAL), an associate company of the globally diversified Vedanta Resources Plc, has already made a fresh proposal to obtain environmental clearance for the expansion of its aluminum refinery at Lanjigarh in Orissa. It has also withdrawn its case against the MoEF at the National Green Tribunal (NGT). The ministry under Ramesh had cancelled the environmental clearance to Orissa Mining Corporation (OMC). OMC is in agreement with Vedanta Group company Sterlite for mining bauxite at Niyamgiri...
