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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Kurri has been announced as the site for what will be known as the Hunter Industrial Ecology Park to be developed by an alliance of companies including Weston Aluminium, Sims Metal, Renewed Carbon, Indeco, Energos and Dolomatrix. The proposal will see more than 15 companies co-locating to achieve efficiencies in the use of resources, minimization of waste and energy. The waste from one company will become the feed stock to another. It is also proposed to include the first energy recovery plant in NSW.
Indian aluminum prices fell by 0.70% to INR 113.70 per kilogram in futures trading after speculators reduced their positions on the back of a weak trend at London Metal Exchange. At the Multi Commodity Exchange, aluminum for delivery in August declined by 80 paise or 0.70% to INR 113.70 per kilogram with a business turnover of 562 lots.
Barring aluminum most of the base metals dropped at the nonferrous metal market due to subdued industrial demand as well as stockists selling following weakening trend in global markets. On the other hand, aluminum rose owing to better offtake from consumer industries. The industrial metals edged lower at the LME on concerns over weak manufacturing data from US and China indicating slowing global economy.
Aluminum smelters in Henan province, China's top producer of the metal face electricity supply cuts that could hit output at a time of high domestic prices if summer power demand continues to surge. Mr Heng Kun chief analyst at Essence Securities said that power hungry aluminum smelters in the central province have received notices from local governments to prepare for power cuts. The cuts have not started so far.
China’s Ministry of Industry and Information Technology said that output of ten major nonferrous metals copper, aluminium, zinc, lead, nickel, tin, mercury, magnesium, titanium and antimony was expected to rise about 10% this year.
Aluminum Corporation of China (NYSE:ACH) closed Monday's seesaw trading session at $21.30. In the past year, the stock has hit a 52-week low of $19.21 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $20.63 and resistance in the $22.05 range. Technical indicators for the stock are Bullish. For a hedged play on Aluminum Corporation of China (ACH), look at the Jan '12 $21.00 covered call for a net debit in the $19.50 area. That is also the break-even stock price for this trade. This covered call has a duration of 172 days, provides 8.45% downside protection and an assigned return rate of 7.69% for an annualized return rate of 16.32% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of...
Aluminum prices in China may rise about 9 percent “in coming weeks” amid concerns about a shortage in the world’s largest consumer and producer of the metal, according to Standard Chartered Plc analyst Judy Zhu. Aluminum on the Shanghai Futures Exchange may advance to 20,000 yuan ($3,106) a metric ton, Zhu said in a report today. The metal has advanced 8.9 percent in Shanghai this year to close at 18,340 yuan today, outpacing a 4.6 percent gain by futures on the London Metal Exchange.
Nanping Aluminium and its holding enterprises in Fujian province have achieved 2.76 billion Yuan of the gross industrial output increases by 40.7%. Headquarter of Nanping Aluminium alone accounts for 48.6% industrial output value, namely 1.67 billion and has obtained 12,080,000 Yuan profits as well as 28,970,000 Yuan tax revenue.
Electrolytic aluminum industry supply and demand too prosperous. On one side, during the first half year, the electrolytic aluminum capacity increases month by month and capacity utilization also goes up quickly. The other factor is the strong market demand for electrolytic aluminum. The real estate investment rises by 30%, the output of major household appliance also grows by 20% -40%. It is estimated that the demand for electrolytic aluminum will increase by 10-15%. Limited capacity growth in the first half year, due to supply tension of electricity, issuing new capacity has not caught up with the original plan, 1 million tons of new capacity will put into market in each season of the next half year.
U.S. domestic primary aluminum production in March was 162,000 metric tons, up 15.7% from 140,000 tons in February and up 10.9% from 146,000 tons a year earlier, according Tuesday to the U.S. Geological Survey.
Production of 10 nonferrous metals will likely record an increase of 10% this year from 2010 amid firm demand from the manufacturing sector, the Ministry of Industry and Information Technology said Tuesday.
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.
As most active SHFE aluminum contract prices opened lower and struggled at the 5-day moving average, spot aluminum prices in south China fell in response. Mainstream traded prices in the area were between RMB 18,720-18,740/mt. Though goods holders increased their supplies, wait-and-see sentiment was strong among downstream processing enterprises, thereby dragging down mainstream traded prices. Overall market transactions were limited.
The SMM China Aluminum Ingot Trade Index during July 25th to July 29th fell below the balance line of 50% to 46.9%, down by 4.5% from previous week. SHFE aluminum prices surged with strong long momentum during the week, with unwillingness to sell remaining strong among goods holders. However, as tight month-end capital supply dampened the already weak consumption, domestic aluminum ingot trade market cooled down with climbing aluminum prices during the week. More details can be found in “China Aluminum Ingot Trade Market Weekly 110801”. In order to objectively and accurately show China’s spot aluminum ingot trading market, SMM has surveyed spot aluminum ingot traders from different regions, of different types and scales, based on their total traded volumes, downstream purchase volumes,...
Morning traded prices of spot aluminum in Shanghai on August 2nd were between RMB 18,500-18,530/mt, with premiums of positive RMB 50-80/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,580-18,620/mt. Traded prices of spot aluminum in Wuxi were between RMB 18,500-18,530/mt. After SHFE current-month aluminum prices opened lower and tested RMB 18,500/mt, selling interest at lower prices turned low among goods holders, which helped spot aluminum prices consolidate at RMB 18,500/mt. Market transactions were slightly sluggish due to strong wait-and-see sentiment among downstream buyers and middlemen.
India's state-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by 5,000 rupees ($113) per tonne across all products, after slashing prices by a net 8,000 rupees in two moves in as many months, a top company official said.
A cashed-up Rio Tinto is expected to post a first-half net profit of more than $US8 billion ($A7.3 billion), driven by bumper iron ore, aluminium and copper prices.
BL Bagra: Yes. We are just finalising our study of the due diligence on one of the bidders. In next one or two weeks, we will be taking call. So we are on the verge of the finalisation of that evaluation.
