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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Primary aluminium production in China has maintained momentum and hit a record high in June in terms of both monthly output and annualised rate, as smelters ramped up output to meet demand.
Thanks to the high cost of energy in the country last year Brazil increased its imports of primary aluminium by 229% from 2009 levels. In the analysis of the Brazilian Aluminum Association (Abal), energy cost and weight of the taxes made the country unattractive to new investments in aluminum smelters.
Aluminium Bahrain (Alba), ranked one of the largest smelters in the world, announced the reinstatement of 70 staff who had been dismissed during the unrest.
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, after short selling prevailed, SHFE 1110 aluminum contract prices erased early gains 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 conflicting powers from longs and shorts, more upward momentum is needed for SHFE aluminum prices to rise further.
Australian group Alumina Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from higher alumina and aluminium prices.
The first new aluminum smelter to be built in the Arabian Gulf in 25 years has become a catalyst for industrial growth in the region, making Oman an attractive destination for multinationals to locate their facilities.
Maan Aluminium Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 27, 2011, inter alia, has transacted the following: - "In Principle" approval was accorded to the merger of SMW Metal Pvt. Ltd. with the Company, with effect from April 01, 2011, subject to receipt of all regulatory and statutory approvals.
Maan Aluminium Ltd has informed BSE that the Company shall be availing services from Delhi office of its Registrar and Transfer Agent M/s Link Intime India Pvt Ltd. The address is as under; M/s Link Intime India Pvt Ltd A-40, IInd Floor, Naraina Industrial Area, Phase II, New Delhi- 110028
Since listing on the Johannesburg stock exchange (JSE) in 2007, Hulamin (JSE:HLM)’s share price has gone one way – down. But the end of the fall may now, finally, be in sight for the SA producer of semi-finished and fabricated aluminium products.
Reliance Steel & Aluminum Co said it raised its credit facility by 36 percent to $1.5 billion, as the metals processor looks to acquire smaller peers.
The Aluminum Association is proud to announce its first photo scavenger hunt contest. This is a great opportunity for teams to have fun and learn a little about the many usages of aluminum in modern society and the sustainable aspects of the metal. Did you know that 75% of all aluminum created since 1886 is still in use today?
Demand is starting to pick up from many aluminum consuming industries, such as the aerospace and transportation sector. This should be a supportive factor for the price, which has made gains recently. In China there are plans to cut back on capacity, and demand is growing from large infrastructure projects to support their growing population. There are even forecasts that China may become a net importer of the metal in the coming years. All of these factors should increase the demand for aluminum.
Operations at Dubai-based MEC Holdings’ aluminum smelter in East Kalimantan are expected to start as soon as next year, a local government official said on Wednesday. Construction of the $5.6 billion smelter, a joint venture between MEC and India’s second-largest aluminum producer, Nalco, began in East Kutai district last year.
Improved performance on higher volumes and realizations Sterlite Industries reported impressive results for the quarter ended June 2011 with a 63% increase in bottomline on a consolidated basis at Rs. 1639.73 crore on a 66% increase in topline at Rs. 9860.70 crore backed by higher metal prices and increased volume. On a standalone basis Net Sales rose 31% to Rs. 4169.72 crore while Net Profit after extraordinary items fell 18% to Rs. 342.86 crore.
Base metals on the Shanghai Futures Exchange gained Wednesday on the back of a weak dollar amid growing concerns over the debt situation in the U.S. Aluminum once again outperformed other metals as expectations of a steady rise attracted more speculative buying, while copper also gained due to supply concerns following a strike at BHP Billiton Ltd.'s (BHP) Escondida mine in Chile, the world's largest copper mine. Benchmark SHFE October copper settled 0.6% higher at CNY72,830 a metric ton, while benchmark October aluminum settled 1.9% higher at CNY18,210/ton. "Aluminum's fundamentals are getting better and better, and that means a foreseeable uptrend down the road, which brought in some speculative funds today," a trader at a foreign house in Shanghai said.
About 2,000 pounds of molten aluminum spilled from a furnace early Wednesday morning at Hydro Aluminum in St. Augustine, according to a statement from the company.
Century Aluminum (NASDAQ:CENX) closed Tuesday's unfavorable trading session at $14.01. 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 $13.52 and resistance in the $14.38 range. Technical indicators for the stock are Bearish. For a hedged play on Century Aluminum (CENX), look at the Jan '12 $12.50 covered call for a net debit in the $11.37 area. That is also the break-even stock price for this trade. This covered call has a duration of 178 days, provides 18.84% downside protection and an assigned return rate of 9.94% for an annualized return rate of 20.38% (for comparison purposes only). Century Aluminum (CENX) does not pay dividends at this time.
A TD Securities analyst says the overall outlook for base metals is positive and China's copper demand is quite steady. Further, he adds that economic recovery in the U.S. will add incrementally to demand. Surprisingly, China's latest industrial production data add to the positivity and ease the concerns of a looming debt scenario in Europe and the U.S. According to a recent report by Fitch Ratings, base metals producers are likely to record higher earnings and cash flows in 2011 compared to 2010, driven by improved prices. The rating outlook for the sector is stable on the expectations of metal producers remaining disciplined and retaining their financial profile through the recovery. Furthermore, Fitch foresees the recovery to stretch into 2012.
