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 SHFE aluminum prices opened lower and moved downward with an over 1% loss, spot aluminum prices in south China fell sharply after days of surge. Mainstream traded prices of spot aluminum in the area were between RMB 18,720-18,750/mt. Though goods holders increased their supplies, wait-and-see attitude was strong among downstream buyers, with only a few middlemen purchasing at lower prices. Market transactions were extremely sluggish.
Traded prices of spot aluminum in Shanghai on July 29th were between RMB 18,450-18,550/mt, with premiums of positive RMB 40-60/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,500-18,580/mt. Traded prices of spot aluminum in Wuxi were between RMB 18,440-18,540/mt. As SHFE aluminum prices opened lower and moved downward with even short-term plunge reported, spot aluminum prices further dipped. Though goods holders increased their supplies, purchases were rare as today is the last trading day of July. Both suppliers and buyers have turned cautious after aluminum prices plunged.
Aluminium production was 23% higher at 173,000 tonnes in Q1 FY2011-12 ascompared with the corresponding prior quarter primarily due to 46% higher production at the 500 ktpa Jharsuguda-I smelter. The Korba-II smelter continues to operate at its rated capacity. Due to a power outage at the Jharsuguda-I smelter in June 2011, around 170 pots were affected. Production will be lower in Q2 and Q3 FY2011-12 and the plant is expected to return to normal capacity by the end of Q3 FY2011-12. The Lanjigarh refinery produced 224,000 tonnes of alumina as compared with 204,000 tonnes in the corresponding prior quarter, with bauxite from BALCO and third party purchases. EBITDA was significantly higher at US$ 101.9mn due to higher volumes and prices, partially offset by increased prices of bought-out...
A decline in inflation rates among developing countries would be one of the most positive economic scenarios for base metals, and would potentially herald a period of stronger growth in global demand. According to London-based Natixis Commodity Markets' third quarter 2011 Metals Review, the dangers are that policy mistakes may exacerbate the difficulties inherent in the current situation before such a scenario arrives.
Emkay Global Financial Services is bullish on Sterlite Industries (India) and has recommended accumulate rating on the stock with a target of Rs 203 in its July 25, 2011 research report. “Base metals prices though slipped slightly on QoQ maintained fair strength during the quarter. This supported the company’s topline to remain flat on QoQ basis despite drop in volume in its aluminium and copper business. During the quarter, average LME for copper and aluminium stood at US$9125/ tonne and US$2600/ tonne respectively. Copper sales during the quarter fell by 12% to 72,032 tonnes while aluminium production at Balco came at 61,000 tonnes, down slightly both YoY and QoQ. We believe copper and aluminium volume to remain subdued going forward also. Rising costs continue to put pressure on the...
In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine. A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a million tonnes of the industrial metal aluminum, about a quarter of global reported inventories. Simply storing all that metal generates tens of millions of dollars in rental revenues for Goldman every year.
Aluminum stocks jumped by 100,000 tonnes in the Dutch port of Vlissingen, London Metal Exchange data showed on Thursday, as traders speculated that Glencore had registered material in warehouses there and that more may follow.
China's aluminum prices have risen 4.1 percent so far this week to hit a 15-month high on Thursday due to steady demand and speculation, and this could drive up prices of the metal on the London Metal Exchange, traders and analysts said. Strong prices are raising worries that Beijing's commodity manager, the State Reserves Bureau (SRB), will release aluminum stockpiles to ease domestic prices as China aims to fight inflation in the country, the world's top aluminum consumer.
The Economic Sentiment Indicator (ESI) released on July 28 by European Commission was 103.2 in July, weaker than expected and down from previous figure, indicating Euro zone economy is not likely to recover in the short term impacted by debt woes. Later during the day, US Department of Labor announced new unemployment claims fell unexpectedly to 398,000, the lowest since April 2nd, indicating employment market was improving. The US dollar index surged to the 10-day moving average during European trading hours, but fell at the tail of trading due to cautious inventor sentiment caused by US debt talk dilemma. The US dollar index finally closed at 74.171, up 0.09%. LME aluminum prices fell and later fluctuated overnight. During European trading hours, after the US dollar index climbed, LME...
The Economic Sentiment Indicator (ESI) released on July 28 by European Commission was 103.2 in July, weaker than expected and down from previous figure, indicating Euro zone economy is not likely to recover in the short term impacted by debt woes. Later during the day, US Department of Labor announced new unemployment claims fell unexpectedly to 398,000, the lowest since April 2nd, indicating employment market was improving. The US dollar index surged to the 10-day moving average during European trading hours, but fell at the tail of trading due to cautious inventor sentiment caused by US debt talk dilemma. The US dollar index finally closed at 74.171, up 0.09%. LME aluminum prices fell and later fluctuated overnight. During European trading hours, after the US dollar index climbed, LME...
Most active SHFE 1110 aluminum contract prices opened higher at RMB 18,270/mt on July 28, and surged by nearly 2% in the morning, hitting RMB 18,570/mt. In the afternoon, SHFE 1110 aluminum contract prices erased early gains due to stronger short momentum (short position momentum), and finally closed at RMB 18,360/mt, up RMB 150/mt or 0.82% from previous trading day. Total positions increased by nearly 50,000 lots as longs and shorts actively entered the market. Daily transaction volume increased significantly by 273,000 lots from previous trading day. As SHFE aluminum prices failed to break through RMB 18,400/mt for two successive days due to intense struggles between long and short investors, more upward momentum is needed for SHFE aluminum prices to rise further. Traded prices of spot...
Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected alloy exports this year. Rusal is currently in talks with major Korean auto component suppliers Dong Hwa and Sungwoo and with the Toyota group. A delegation from those companies that visited Rusal plants in Siberia discussed the potential for boosting production of aluminum alloys for casting wheel rims.
Guizhou province, one of the three richest areas in bauxite, domestic largest bauxite exploitation and integration of coal, electricity and aluminum project, namely CPI Guizhou Zunyi coal, electricity and aluminum project, has recently come into operation. It would be the largest modern aluminum base in China Southwest area after completed.
According to the statistics from the National Tax Bureau, Baise’s Aluminum production in the first half year has reached 0.633 billion accounting for 30% of the total national revenue.
Aluminum stockpiles monitored by the London Metal Exchange rose the most in almost seven months on an increase in the Dutch city of Vlissingen. Inventories climbed 92,425 metric tons, or 2.1 percent, the most since Jan. 10, to 4.46 million tons, exchange data showed today. Stockpiles gained for the first session in seven. Orders to draw aluminum from warehouses, known as canceled warrants, declined 7,575 tons to 386,225 tons.
Aluminium yesterday traded with the positive node and settled 0.04% up at 115.5 as US Department of Commerce announced on July 27 that June durable goods orders fell 2.1% MoM, which was a second fall during recent three months, and was opposite from the expected 0.3% gain.
As SHFE aluminum prices kept rising in the morning, spot aluminum prices in south China surged, with mainstream traded prices ranging from RMB 18,950-19,000/mt, up RMB 420/mt over previous trading day. After traded prices hit RMB 19,000/mt, buying interest deteriorated among downstream buyers, and only few purchases at lower prices were reported among downstream enterprises. Market transactions were extremely sluggish.
Traded prices of spot aluminum in Shanghai on July 28th were between RMB 18,610-18,650/mt, with premiums of positive RMB 0-30/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,650-18,690/mt. Traded prices of spot aluminum in Wuxi were between RMB 18,610-18,650/mt. After SHFE aluminum prices surged by nearly 2%, spot aluminum prices also jumped by 2.36%. As a result, selling interest significantly increased among goods holders. Some of the goods holders who had been previously building up inventories even offered quotes below SHFE current-month aluminum prices. However, due to current high prices, purchasing interest was quite low among downstream processors and even among middlemen, with spot premiums quickly narrowing to near zero.
