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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US firm CB&I announced that it has been awarded a storage tank project, valued in excess of $60 million, by the Maaden Bauxite and Alumina Company. The project is a part of the integrated aluminum complex in Ras Al-Khair. CB&I’s scope of work includes the engineering, procurement, fabrication and construction of 126 specialized steel storage structures. The contract, which is a third quarter award, is scheduled for completion in 2014.
Aluminium prices have corrected nearly 12 per cent after hitting the cycle high of $2,803 on 3rd May earlier this year. The fall in prices leaves a good opportunity for long term buyers to go bullish, says a research report by Sharekhan Ltd. The LME 3-month aluminium is well placed to rise to $2,750 in a year. The brokerage has initiated a 'BUY' call at $2,466 (Rs109.70 on the MCX) with a positive bias, says the report. Aluminium is attractive at current levels owning to tightening supply, increasing demand in major countries, strong performance of base metals, rising output cost and substitution effect.
The Board of Directors of Alcoa (NYSE:AA - News) declared (a) a quarterly common stock dividend of 3 cents per share payable August 25, 2011 to shareholders of record at the close of business on August 5, 2011 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable October 1, 2011 to shareholders of record at the close of business on September 9, 2011.
Scottish energy minister approves 5MW hydro-electric scheme at ancient Loch Eilde Mor dam in Kinlochleven. Rio Tinto has secured permission from the Scottish government to extend a 20MW hydro-electric plant in order to power its aluminium smelting facility located near the UK's highest mountain, Ben Nevis. Energy minister Fergus Ewing today confirmed the government has given the go-ahead for Rio Tinto Alcan to build a 5MW hydro-electric plant costing £9m at Loch Eilde Mor, near Kinlochleven.
Velaverkstaedi Hjalta Einarssonar ehf. - VHE of Iceland - manufactures a range of Anode Stub Graphite Coating Systems. In the past, rodding plants often used an organic solvent and graphite mixture which quickly dried at ambient temperatures. Environmental considerations have largely eliminated this practice and today most smelters use an aqueous graphite suspension. The use of water as the diluent means that careful drying is necessary to eliminate the risk of dangerous steam explosions during the anode sealing process. VHE's Anode Stub Graphite Coating Systems comprise a graphite coating tank and a drying system. The coating tank contains an aqueous graphite suspension and is elevated to the anode rod by hydraulic or pneumatic rams such that the anode stubs are partially immersed in the...
Qatalum has wrapped up its participation in Aluminum China 2011 which took place from July 13th to 15th 2011 at the Shanghai New International Expo Centre in Shanghai of China and of which it was a sponsor. Aluminum China is an important annual industry event that brings together international industry players and allows Qatalum to meet peers from around the globe to discuss opportunities and challenges, as well as to exchange information and receive updates on what is happening within the industry worldwide. There has been a significant increase in the number of emerging aluminum producers, as well as an increase in global demand for the metal, particularly in Asia, making events such as this that bring together everyone involved are vital to its continued growth.
BHP Billiton announced that the ongoing ramp up of the Alumar refinery of Brazil contributed to a seven per cent increase in total alumina production for the 2011 financial year. 9% increase in alumina production at Worsley of Australia for the quarter was associated with the processing of hydrate accumulated during the recent calciner outage.
NALCO plans to bid for upcoming 4,000 MW ultra mega power project in Bhedabahal in Orissa for which requests have to be submitted by August 1st 2011. Mr BL Bagra CMD of NALCO said that “The company is also scouting for partners for jointly bidding for the Orissa UMPP and has held discussions with other PSUs like NMDC, Neyveli Lignite and BHEL. We will certainly put a bid for the Orissa UMPP. We have had some discussions on it with companies like NMDC, Neyveli Lignite and BHEL for a joint proposal.”
A government-run aluminum smelter in the United Arab Emirates plans to spend $4.5 billion to nearly double its potential output of the widely used metal. Emirates Aluminium said Sunday that its board approved the expansion plan to increase annual capacity to 1.3 million metric tons (1.4 million tons) by the end of 2014. The facility can now produce 750,000 metric tons (827,000 tons) of aluminum per year.
Reuters reported that Credit Suisse expects a rebound in aluminum prices in the H2 of the year saying the recent bearish price versus the rest of the metals complex is not justified. Aluminum prices lost ground in June and were expected to drift lower on a seasonal softening in demand coupled with a possibility of supply surplus for another year.
Most active SHFE 1110 aluminum contract prices opened lower at RMB 17,560/mt on July 22nd, and fell below RMB 17,500 due to short selling at the beginning. Later SHFE 1110 aluminum contract prices rallied and fluctuated at RMB 17,600/mt after more longs entered the market. During the last ten minutes at the tail of trading, most active SHFE aluminum contract prices consolidated at RMB 17,600/mt as the longs actively built up positions. Finally closed price was RMB 17,640/mt, up RMB 60/mt or 0.34% from previous trading day. Total positions of most active SHFE 1110 aluminum contracts increased by 3,534 lots to 119,072 lots. Though selling pressure temporarily lose SHFE aluminum prices of upward momentum, the longs still pushed SHFE aluminum prices to above the 5-day moving average. SMM...
After most active SHFE aluminum contract prices rebounded following previous falling, spot aluminum prices in south China successfully broke through RMB 18,000/mt. Mainstream traded prices in the area were between RMB 18,020-18,040/mt. Supplies from goods holders became extremely limited after spot social inventories in Nanhai fell below 60,000 mt, and movement of goods was rarely seen. No transaction was reported as a result of supply shortage.
Traded prices of spot aluminum in Shanghai on July 22 were between RMB 17,790-17,810/mt, with premiums of positive RMB 80-100/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,820-17,840/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,770-17,800/mt. Quick rebounding of SHFE aluminum prices during the day helped spot aluminum prices break RMB 17,800/mt, and spot premiums in Shanghai were kept at positive RMB 100/mt over SHFE current-month aluminum prices supported by supply shortage. However, market transactions were sluggish due to low buying interest at above RMB 17,800/mt.
Base metals continued to trend higher in LME mid-morning trading on Friday, although gains were generally modest while markets assessed yesterday’s eurozone sovereign debt discussions, although tin and aluminium rose to fresh multi-month and -week highs. Aluminium rose to $2,590.25 per tonne this morning - its highest since July 7 - before settling at $2,582, up $42.
In collaboration with the Ministry of Manpower headed by Issa Al Balushi and Sohar Aluminium, 33 contractors from Sohar and Muscat were invited to Sohar Aluminium to discuss Omanisation initiatives within the company, a press release said. Sohar Aluminium represented by Khalfan Al Kaasabi, Services Contracts Head, welcomed the attendees to the meeting. He emphasised on Sohar Aluminium’s aspiration in maximising Omanisation among the contractor community through its outsourcing policies and procedures.
Below are the top five companies in the Aluminum industry ranked by the lowest short interest ratio. A low short interest ratio may indicate that there are only a few people who are bearish on the stock. Alumina (NYSE:AWC - Snapshot Report) has a short interest ratio of 2.1 based on average daily volume of 141,000 shares and 303,000 shares short. That equates to 0% of the 610 million shares outstanding. Century Aluminum (NASDAQ:CENX - Snapshot Report) has a short interest ratio of 2.5 based on average daily volume of 1 million shares and 4.3 million shares short. That equates to 4.6% of the 93.1 million shares outstanding. Noranda Aluminum (NYSE:NOR - Snapshot Report) has a short interest ratio of 2.5 based on average daily volume of 206,000 shares and 518,000 shares short. That equates...
Aluminum Corporation of China (NYSE:ACH) closed Wednesday's wandering trading session at $20.01. 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 $19.81 and resistance in the $20.21 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Jan '12 $20.00 covered call for a net debit in the $18.21 area. That is also the break-even stock price for this trade. This covered call has a duration of 184 days, provides 9.00% downside protection and an assigned return rate of 9.83% for an annualized return rate of 19.50% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend...
CB&I (NYSE: CBI) announced that it has been awarded a storage tank project, valued in excess of US$60 million, by the Ma'aden Bauxite and Alumina Company. The project is a part of the Integrated Aluminium Complex in Ras Al-Khair, Saudi Arabia. CB&I's scope of work includes the engineering, procurement, fabrication and construction of 126 specialized steel storage structures. The contract, which is a third quarter award, is scheduled for completion in 2014.
