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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In spite of a recent rally, aluminum prices may face downward pressure over the next six to 12 months as Chinese smelters ramp up their expansion of output capacity, Standard Chartered said in a research note Tuesday.
MCX Aluminium could very well see a bullish run in the near future even when record high inventories are being reported. There are some reasons why Aluminium prices could gain is due to bank financing deals that have locked up a sizeable chunk of available metal stock and continuous decreasing inventory at London Metal Exchange (LME).
Emirates Aluminium (EMAL) –celebrated one full year and 5 million work hours without a single Lost Time Incident (LTI) last week, highlighting the continued success of the company’s culture of ‘Safety First, Last, and Always’. The Al Taweelah based aluminium smelter’s excellent LTI safety record demonstrates the high safety standards that have been set and the engagement of the workforce in deploying them, establishing the smelter as a global aluminium industry leader in health and safety.
Koppers Holdings Inc,a maker of carbon compounds and treated wood products, has inked a deal with Rio Tinto Aluminium Ltd to supply the Australian-based operations of Rio Tinto. The $100 million contract is a 42-month extension of an existing deal and is to run through June 2014. Koppers will be supplying Rio Tinto smelters in Australia with liquid carbon pitch which is used as a binding agent in aluminum production.
Below are the bottom five companies in the Aluminum industry as measured by the potential gains between the current stock price and the projected average analyst target. Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) has potential upside of 9.3% based on a current price of $55.82 and an average consensus analyst price target of $61. Alumina (NYSE:AWC - Snapshot Report) has potential upside of 15.8% based on a current price of $9.5 and an average consensus analyst price target of $11. Noranda Aluminum (NYSE:NOR - Snapshot Report) has potential upside of 25.2% based on a current price of $13.9 and an average consensus analyst price target of $17.4. Century Aluminum (NASDAQ:CENX - Snapshot Report) has potential upside of 26.7% based on a current price of $13.02 and an average consensus...
Alcoa 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. Improving market prices for aluminum fuelled by demand from China and other rapidly developing economies helped drive revenues for the quarter. The company's products are segmented into 4 groups – Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. For the quarter, Alumina shipments grew 11.8 percent year-over-year, Flat-Rolled Products shipments increased 24.8 percent year-over-year, and Engineered Products and Solutions shipments increased 23.9 percent year-over-year. Primary Metals shipments were flat compared to the...
Reliance Steel and Aluminum (NYSE:RS) closed Friday's frenetic trading session at $47.01. In the past year, the stock has hit a 52-week low of $34.58 and 52-week high of $60.60. Reliance Steel and Aluminum (RS) stock has been showing support around $45.17 and resistance in the $48.27 range. Technical indicators for the stock are Bearish and S&P gives Reliance Steel and Aluminum (RS) a very positive 5 STARS (out of 5) strong buy rating. For a hedged play on Reliance Steel and Aluminum (RS), look at the Dec '11 $47.00 covered call for a net debit in the $43.11 area. That is also the break-even stock price for this trade. This covered call has a duration of 138 days, provides 8.30% downside protection and an assigned return rate of 9.02% for an annualized return rate of 23.87% (for...
Analysts, on average, expect Century Aluminum (NASDAQ:CENX - Snapshot Report) to report earnings of $0.26 per share on sales of $364 million on August 04, 2011. For the full year, analysts expect the company to post EPS of $1.35. In the year-ago period, the company reported EPS of $0.16 on sales of $288 million.
Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Vale ADR Representing One Ord Shs (NASDAQ: VALE) from $46.00 to $42.00 in a research note to investors on Monday. The analysts currently have an "overweight" rating on the stock.
According to our new research report, "European Aluminium Market Analysis", Europe has emerged as one of the world's largest manufacturing base for the aluminium industry owing to large production capacities across the European countries. In 2010, Europe remained the second major producer of primary aluminium and its production is also increasing. Moreover, the Europe primary aluminium production is anticipated to grow at a CAGR of around 8% during 2011-2013.
Aluminum giant United Co. Rusal (0486.HK) said Monday it has mandated banks to arrange an up to $4.75 billion syndicated pre-export finance facility, one of the crucial steps on the company's way to a possible start of dividend payment.
Aluminum giant United Co. Rusal (0486.HK) said Monday it has mandated banks to arrange an up to $4.75 billion syndicated finance facility. Rusal will use the facility mainly to refinance its debt, which stood at $11.4 billion as of March 31.
Most active SHFE 1110 aluminum contract prices opened higher at RMB 18,410/mt on August 1st. In the morning, strong long momentum pushed SHFE 1110 aluminum contract prices to RMB 18,645/mt, a new high since last Thursday’s RMB 18,570/mt. Later released weakening PMI data of China boosted short confidence, which led SHFE 1110 aluminum contract prices to struggle at RMB 18,500/mt. Finally closed price was RMB 18,535/mt, up 1.31%. SHFE aluminum again became the best choice for investors and led base metals to gain, with positions of most active SHFE aluminum contracts drastically increasing by over 20,000 lots. SMM expects active investor sentiment will push SHFE 1110 aluminum contract prices to test RMB 19,000/mt in the short term. Morning traded prices of spot aluminum in Shanghai on Aug....
Though the US debt issue was resolved on August 1, worse-than-expected manufacturing data in Europe, the US and China led to market worries towards demand. As a result, risk aversion sentiment grew, selling pressure for metals prices rose, and the US dollar index surged overnight to 74.291, up 0.75%. After hitting USD 2,666/mt during Asian trading hours on August 1st, LME aluminum prices fell below USD 2600/mt during European trading hours due to climbing US dollar index. Finally closed price was USD 2,587/mt, down USD 40.5/mt or 1.43%. Total positions rose by 7,244 lots to 718,240 lots. SMM expects LME aluminum prices to fluctuate between USD 2,570-2,620/mt on August 2nd. Most active SHFE 1110 aluminum contract prices are expected to open lower below RMB 18,500/mt and later fluctuate...
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, industry sources said on Friday. Power-hungry aluminum smelters in the central province have received notices from local governments to prepare for power cuts, Heng Kun, chief analyst at Essence Securities said. Such a cut could reduce production by between 50,000 tonnes to 100,000 tonnes, based on the province's total aluminum smelting capacity of near 6 million tonnes a year, near a third of China's capacity, Heng estimated.
Most active SHFE 1110 aluminum contract prices opened higher at RMB 18,410/mt on August 1st. In the morning, strong long momentum pushed SHFE 1110 aluminum contract prices to RMB 18,645/mt, a new high since last Thursday’s RMB 18,570/mt. Later released weakening PMI data of China boosted short confidence, which led SHFE 1110 aluminum contract prices to struggle at RMB 18,500/mt. Finally closed price was RMB 18,535/mt, up 1.31%. SHFE aluminum again became the best choice for investors and led base metals to gain, with positions of most active SHFE aluminum contracts drastically increasing by over 20,000 lots. SMM expects active investor sentiment will push SHFE 1110 aluminum contract prices to test RMB 19,000/mt in the short term. Morning traded prices of spot aluminum in Shanghai on Aug....
Aluminum Bahrain (ALBHBq.L: Quote) (Alba), which owns the world's fourth-largest aluminum smelter, saw its second quarter net income fell 21.9 percent due to unrealised derivative gains, a statement said on Monday. Bahrain was rocked by months of anti-government protests which began in February. Martial law, imposed in March, was lifted on June 1. The firm reported a net income of $185 million during the second quarter, compared to $237 million a year ago.
India's aluminum output increased 9% in the first three months of the current fiscal year to 426,856 metric tons, data from the mines ministry showed Monday. Aluminum is mostly used in automobile, electrical and packaging sector.
