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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The global aluminum market was in surplus of 396,400 metric tons in the first five months of the year, the World Bureau of Metal Statistics said Wednesday. This compares with a surplus of 660,400 tons in the same period the year before. Demand for primary aluminum in the first five months of 2011 was 17.27 million tons, 793,000 tons more than in the same period the previous year. Production in January to May rose by 529,000 tons following a 3.9 million ton increase over the whole of 2010. The WBMS didn't provide a production figure for the year-earlier period.
Total world aluminum output fell 3.2% on-month in June to its lowest level in seven months following production declines across all regions, the International Aluminium Institute said Wednesday. Primary aluminum production fell to 2.098 million metric tons from 2.167 million tons in May, the IAI said. Output was slightly higher compared with the same month of 2010, when production stood at 1.998 million tons.
Emirates Aluminium (Emal) has created 2,000 jobs that serves a growing clientele base of 280 customers in 36 countries worldwide as it plans to expand production capacity, a top official told Gulf News. Emal uses DX reduction cell technology to produce 750,000 tonnes of aluminium annually with future potential to double output, making it the largest smelter in the world. Saeed Fadhel Al Mazrooei, President and CEO of Emal, said that the $5.7 billion joint venture between Dubai Aluminium and Mubadala Investment Company makes Emal one of the largest industrial projects in the UAE outside oil and gas and one of the key projects leading the diversification of the UAE's economy.
India's state-run National Aluminium Co Ltd (NALCO) is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province, an official at Indonesia's investment agency said on Thursday.
The state-owned National Aluminium Company Ltd (NALCO) has proposed the Orissa-run GRIDCO Ltd to have energy banking arrangement so that both can help each other to meet their energy needs during a crisis, official said Wednesday. The company has formally submitted a proposal to GRIDCO - the bulk purchaser of power - and asked it supply continuously 50 MW power for three months during the monsoon.
As of yesterday, we are back up and running at all but one U.S. Aluminum facility. We are moving the Los Angeles facility to a new building across the street from our manufacturing headquarters, and we anticipate opening in the next week or so. The other nine facilities were open for business yesterday morning. We are pleased that we were able to make this acquisition, and pleased with the quality of the employees.
The government said on Tuesday that it would spend $700 million to buy the stake held by Nippon Asahan Aluminium in their joint venture Indonesia Asahan Aluminium. The government will purchase NAA’s 58.9 percent stake in the firm known as Inalum before its working contract ends in 2013, Industry Minister M.S. Hidayat said on Tuesday. “Our valuation of NAA’s stake is around $700 million, and that’s what we’re going to pay to take it over,” Hidayat said.
Though SHFE aluminum prices fell after opening higher on July 20, spot aluminum prices in south China still surged due to supply shortage, with mainstream traded prices reported between RMB 17,980-18,020/mt, reaching a new high since August 19 2008. As tight supply of spot aluminum is not likely to improve in the short term, unwillingness to sell remains strong among goods holders. Spot premiums over spot aluminum prices in Shanghai also climbed to RMB 225/mt, a new high since October 8 2010. Purchasers in the area gradually exited the market with wait-and-see attitude turning strong. However, with limited supply, suppliers still dominated the market. Therefore, aluminum prices will continue to rise in the short term despite low transaction volumes.
As default risk rose in Greece, market sentiment turned sluggish. In order to prevent escalation and contagion of the debt crisis, German central bank and European Central Bank decided to convene an emergency meeting this Thursday and a bailout plan is expected for Greece. As a result, the Euro gained support and rebounded to test 1.42. In the evening on July 19, US Department of Commerce announced that housing starts in June increased by 14.6% to a new high of 629,000 since January, which was much higher than the expected 575,000. As a result, investor risk appetite increased, with US dollar index erasing earlier gains and falling below 75 several times overnight. At the tail of trading, the US dollar index slightly rebounded and finally closed at 75.101, down 0.28%. SMM expects LME...
On Tuesday, SHFE 1110 aluminum contracts became the most actively traded, with prices opening at RMB 17,680/mt in the morning session, touching RMB 17,725/mt and then falling to struggle at RMB 17,650/mt. At the end of trading SHFE 1110 aluminum contract prices closed at RMB 17,665/mt, up RMB 85/mt, or up 0.48%. Total positions increased by 8,362 lots to 107,620 lots. Mainstream traded prices of spot aluminum were between RMB 17,750-17,780/mt, with premiums of positive RMB 60-80/mt against SHFE spot-month aluminum contract prices. Cargo holders were unwilling to move goods in the morning due to rising prices, while traders were cautious as spot zinc prices rose to RMB 17,800/mt, keeping the overall transactions quiet. SHFE spot-month aluminum contract prices consolidated RMB 17,700/mt in...
Russia's January to June aluminum output fell by 2% compared with the same months of 2010, the federal statistics service reported Tuesday.
In collaboration with the Ministry of Manpower represented 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. Sohar Aluminium, represented by Khalfan al Kaasabi, Services Contracts Head, welcomed the attendees. He emphasised Sohar Aluminium’s aspiration in maximising Omanisation among the contractor community through its outsourcing policies and procedures. “The Omanisation process can be accelerated in administration and management areas, and through training initiatives in areas of welding, pipe fitting, etc without compromising the contractor’s safety and the quality of work,” said Al Balushi. The Ministry of Manpower is actively seeking the help of private companies in...
THE Federal Government is taking action to tackle climate change by putting a price on pollution through a carbon tax, but workers at the Alcoa Pinjarra refinery are worried the company might use the tax as a lever to cut jobs.
Commodity reported that base metals were moving virtually sideways amid the European banks stress tests failed to relieve concern that debt crisis will deepen and raising concerns on US debt crisis Lead the investor's scramble for safe haven assets. In the currency futures market, Dollar Index, benchmark measure against a basket of 6 major currencies was 0.62% higher at 75.58 compared to the previous day that ended at 75.11. Aluminum was trading flat at INR 110.35 per kilogram.
C.R. Laurence Co., Inc. (CRL), a leading global supplier to the glazing, railing, architectural, construction, industrial, and automotive industries, is pleased to announce the acquisition of U.S. Aluminum Company, formerly a part of the International Aluminum Group.
Aluminum inventories monitored by the London Metal Exchange rose the most in more than two months on increases in Detroit. Stockpiles rose 12,200 metric tons, the most since May 17, to 4.42 million tons, exchange data showed today. Detroit stockpiles increased 24,075 tons to 1.16 million tons. Orders to draw aluminum from warehouses, or canceled warrants, fell 12,400 tons to 358,975 tons. Detroit stores about a quarter of total aluminum stockpiles.
Kaiser Aluminum Corporation (Nasdaq:KALU) hit a new 52-week high Tuesday as it is currently trading at $55.82, above its previous 52-week high of $55.76 with 84,961 shares traded as of 3:06 p.m. ET. Average volume has been 171,200 shares over the past 30 days.
Most active SHFE aluminum contract changed to 1110 on July 19. In the morning session, after opening higher at RMB 17,680/mt, SHFE aluminum prices temporarily broke RMB 17,700/mt and hit RMB 17,725/mt. However, after short selling increased, SHFE aluminum prices fell and fluctuated between RMB 17,620-17,660/mt. SHFE aluminum prices finally closed at RMB 17,665/mt, up RMB 85/mt or 0.48% from previous trading day. Total positions of most active SHFE 1110 aluminum contracts increased by 8,362 lots to 107,620 lots. SMM expects supply shortage of spot aluminum will push up SHFE aluminum prices to test RMB 17,800/mt in the short term.
