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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A bull market for SHFE aluminum contracts was seen on July 26th. In the morning, after opening at RMB 17,650/mt and consolidating at RMB 17,700/mt, most active SHFE 1110 aluminum contract prices surged and hit RMB 17,910/mt. In the afternoon, after regaining confidence, the longs pushed up SHFE aluminum prices which led base metals to gain and quickly broke RMB 18,000/mt. Finally closed price was RMB 18,015/mt, with a huge jump of RMB 350/mt or 1.98% from previous trading day. Total positions of most active SHFE aluminum contracts drastically increased by 34,378 lots to 158,358 lots. After SHFE aluminum prices surged by nearly 2% to break the RMB 18,000/mt mark, short-selling increased, and SMM expects SHFE aluminum prices to fluctuate at RMB 18,000/mt in the short term. Traded prices of...
Total world aluminum inventories in June fell by 123,000 metric tons to 2.534 million tons, according to figures released Tuesday by the International Aluminum Institute. World stocks in May stood at 2.657 million tons. June stocks were up 282,000 tons compared with the same month of 2010, when inventories were recorded at 2.252 million tons, the IAI said.
Emirates Aluminium (Emal) has commenced initial work of Phase 2, with plans to reach full construction work by end of year, Yousuf Bastaki, Project Director at Emal, told Gulf News in an interview Tuesday. Emal announced Tuesday that its board had approved a $4.5 billion (Dh16.51 billion) investment that seeks to almost double the Al Taweelah-based facility's production capacity to about 1.3 million metric tonnes a year by the end of 2014. "Finalisation of the overall terms and conditions for financing of Phase 2 is still being negotiated, and expected to be concluded soon," he added. Emal, which is on track to produce 750,000 tonnes of aluminium this year, is a $5.7-billion joint venture between Dubai Aluminium and Abu Dhabi's Mubadala Investment Company and was established in February...
Sohar Aluminium hosted a Vendor Workshop at the Crowne Plaza Sohar on Monday. Over 100 vendors participated in the workshop led by Sohar Aluminium’s Supply Chain and Port Manager, Mohammed al Issai and his team. The workshop covered services and material procurement, contract management, the tender process as well as vendor registration.
Mongolia's state-owned miner Erdenes Tavan Tolgoi (TT) has agreed to sell $250 million worth of coal from the east Tsankhi deposit to Aluminium Corp of China Ltd (Chalco) , a move insiders said was aimed at raising cash to help fund its impending listing fees. Under the agreement, Chalco would resell 30 percent of the coal to Japanese trading houses Itochu Corp and Mitsui as well as state-owned Korea Resources Corp (KORES), Erdenes TT LLC said in a statement seen on Wednesday.
Work at the BALCO 1,200 MW (4x300MW) captive thermal power plant project at Korba is progressing as planned and we expect the first unit to commence power generation by Q2 FY2011 to 2012. Work at the 325 kilo tonne aluminum smelter project at Korba is progressing well and we target first metal tapping in Q4 FY2011 to 2012.
German aluminum output of 428,369 tonnes between January and May was up 5.3% from the same period a year earlier. Mr Christian Wellner MD of GDA said that "The outlook for aluminum remains optimistic because customer industries are also continuing to develop positively. Germany's aluminum industry is confident that production growth will continue in the H2 of 2011. Preliminary GDA data showed that German January to May production of primary aluminum rose by 21.9% to 180,632 tonnes.
The provincial government has formally announced some related documents which claiming the Meishan Silicon and Aluminum Industrial Park as a ten-bn industrial park, namely the 1525 project. It is said that in the provincial working conference that held on November.7th, 2008, our province initially put forward the plan to implement the construction engineering for 1525 project. That is ,by 2012, the province as a whole endeavor to construct more than 25 industrial parks whose annual sales revenue exceed 10 billion and 5 industrial parks with 50 billion as well as one that would exceed 100 billion.
The leading group members and senior vice president of Chinalco Liu Xiangmin listened to the work reports in BaoTou Aluminum Company, on July 19. The vice president Liu Xiangmin speaks highly of the recent endeavor that all the staff and workers as well as the leaders had made. He also made a positive confirmation that it is really excellent for BaoTou Aluminum which combines its own practical condition with the area advantage to profoundly carry forward structure adjustment and constantly implement the integration strategy for coal, electricity and aluminum. .
A bull market for SHFE aluminum contracts was seen on July 26th. In the morning, after opening at RMB 17,650/mt and consolidating at RMB 17,700/mt, most active SHFE 1110 aluminum contract prices surged and hit RMB 17,910/mt during spot trading hours. In the afternoon, after regaining confidence, the longs pushed up SHFE aluminum prices which led base metals to gain and quickly broke RMB 18,000/mt. Finally closed price was RMB 18,015/mt, with a huge jump of RMB 350/mt or 1.98% from previous trading day. Total positions of most active SHFE aluminum contracts drastically increased by 34,378 lots to 158,358 lots. After SHFE aluminum prices surged by nearly 2% to break the RMB 18,000/mt mark, short-selling increased, and SMM expects SHFE aluminum prices to fluctuate at RMB 18,000/mt in the...
Demand for aluminum is expected to grow at a rate of around 7% in 2011, according to Norwegian producer Norsk Hydro ASA (NHY.OS), but a "manageable" market surplus is still expected due to the ramp up of additional production capacity. The company said demand and supply of primary aluminum in the world outside China increased slightly during the second quarter compared with the first quarter, amounting to annualized consumption and production rates of 26.2 million metric tons and 26.5 million tons respectively. In contrast, consumption in China "increased significantly" in the first half of 2011, Hydro said. In the second quarter annualized consumption amounted to 20.2 million tons, and the Chinese primary aluminum market is expected to be largely balanced for 2011, Hydro noted....
As most active SHFE aluminum contract prices surged towards RMB 18,000/mt, spot aluminum prices in south China rose in response to test RMB 18,300/mt. Mainstream traded prices in the area were between RMB 18,250-18,290/mt. Local spot aluminum supply remained scarce, with quotes above RMB 18,300/mt even reported. However, downstream purchases lagged behind due to month-end capital pressure, and only a few purchases at lower prices were reported. Goods holders remained optimistic towards aluminum prices in the future.
Traded prices of spot aluminum in Shanghai on July 26th were between RMB 17,980-18,000/mt, with premiums of positive RMB 50-100/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,030-18,070/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,970-17,990/mt. After SHFE aluminum prices surged by 1%, spot aluminum prices also climbed and hit RMB 18,000/mt. With rising prices, goods holders remained optimistic towards aluminum prices and were actively building up inventories while keeping premiums firm. Market transactions were limited as a result of scarce supply.
German group Lufttechnik Bayreuth (LTB) has received order for a RTO fume treatment system from SGL Carbon Polska. SGL is spending €3M at its Raciborz plant in Poland to improve health and safety conditions and to optimise the environmental performance of the baking furnaces. LTB is a supplier of air pollution control equipment which serves the aluminium industry. SGL Group is a supplier of carbon products. It supplies electrodes and cathodes to the worldwide aluminium and steel industry. In several sites SGL produces more than 6kt/y of cathode block materials.
There is some good news on the job front in Oswego County as Novelis announces plans for an expansion. The company, located in Scriba, produces more than 50 percent of the aluminum used in the automobile industry. With incentives from state and local governments, Novelis says it will spend $200 million to develop two new processing lines, which will produce about 200,000 additional tons of aluminum each year. The additional lines will mean an additional 100 jobs at the plant. The expansion project should be completed by the summer of 2013.
Sterlite's aluminum production fell to 61,000 tons in April-June from 63,000 tons, though higher product prices boosted gross profit to INR1.91 billion compared with INR840 million in the year-ago period. Average aluminum prices increased to $2,600 per ton in April-June, compared with $2,092 per ton in the year-ago period, the company added. The company said Vedanta Aluminium Ltd. produced 112,000 tons of aluminum compared to 77,000 tons, while alumina output in the previous quarter was 224,000 tons, compared with 204,000 tons.
Analysts, on average, expect Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) to report earnings of $0.53 per share on sales of $339 million on July 27, 2011. For the full year, analysts expect the company to post EPS of $2.33. In the year-ago period, the company reported EPS of $0.72 on sales of $282 million. In the previous quarter, the company reported EPS of $0.47, missing consensus estimates of $0.54. SmarTrend currently has shares of Kaiser Aluminum in an Uptrend and issued the Uptrend alert on June 24, 2011 at $52.41. The stock has risen 6.8% since the Uptrend alert was issued.
Century Aluminum Co. (CENX: News ) on Monday forecast profit for the second quarter below analysts' expectations, citing lower than expected U.S. production. The quarter's results include the impact of unabsorbed costs and restart expenditures due to production inefficiencies at the Hawesville plant. For the second quarter, the company expects to report net income of $23 million to $25 million or $0.23 to $0.25 per share, and adjusted net income of $25 million to $27 million or $0.25 to $0.27 per share.
