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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Alcoa in Brazil was ranked as the most sustainable company in the Metals sector and 11th overall of 100 companies considered in a study by major business media in Brazil. The list will be published in the August issue of the Brazilian national news magazine Imprensa. The annual Most Sustainable Companies According to the Media survey is based on an analysis of companies’ communication about sustainability published in eight major Brazilian media outlets during 2010. In the evaluation, subjects such as transparency, environmental awareness, employee welfare and community relationships were considered. Mr Frank Feder Alcoa VP and President Alcoa Latin America and Caribbean said that “It is a great source of pride to gain recognition for our sustainability initiatives from respected...
This work is part of a legal order between Kaiser and the Washington Department of Ecology (Ecology). The order required Kaiser to conduct what’s called a Remedial Investigation and Feasibility Study at the “Heglar Kronquist” site, 10 miles northeast of downtown Spokane. The public will have until Aug. 5, 2011, to comment. A public meeting also will take place at 7 p.m., on July 28, 2011, at Mt. Spokane High School, 6015 E. Mt. Spokane Park Dr. in Mead. Ecology and Kaiser will discuss the Remedial Investigation report findings. The feasibility study, which will evaluate cleanup options, will be available by early 2012. During the meeting, experts will answer questions about drilling new water wells, well-drilling restrictions on properties within 1,000 feet of the property, and more. The...
A person said in Tuesday that the output of the Tajikistan state-owned aluminum smelter dropped 16.7% in the first half year, for it conducted a series of maintenance for obsolete equipment. This people said that TALCO has produced 150,467 tons primary aluminium in the first half year. The output in the same period last year was 180,610 tons. In June, the output dropped to 18,409 tons, decreased 14.8% compared with last month, and declined 37.2% compared with the same period last year. This people also revealed that about quarter equipments have stopped working, some of them was planned to be upgraded, while others will be under temporary maintenance because of technical failure. TALCO lowered his 2011 primary aluminum annual production to 310,000 tons in this May, which below the early...
SMM Brief Review – 2011/7/13 Aluminum Futures Most active SHFE 1109 aluminum contract prices opened higher at RMB 17,285/mt on July 13, and slightly rose to fluctuate near the 5-day moving average in the morning session. In the afternoon, as other metals prices jumped, SHFE 1109 aluminum contract prices broke through RMB 17,400/mt near the tail of trading. Finally closed price was RMB 17,400/mt, up RMB 145/mt or 0.84% from previous trading day due to strong resistance at RMB 17,400/mt. Total positions increased by 4,622 lots to 321,216 lots. SMM expects SHFE 1109 aluminum contract prices to fluctuate near RMB 17,400/mt in the short term.
After most active SHFE aluminum contract prices opened higher and fluctuated near the 5-day moving average, spot aluminum prices in south China rebounded to above RMB 17,600/mt. Recent fluctuating trend of aluminum prices led to mixed sentiments among aluminum suppliers and buyers. As a result, aluminum holders seldom moved their goods and purchasers kept watching. Mainstream traded prices were between RMB 17,640-17,650/mt. Market transactions were quite sluggish.
Traded prices of spot aluminum on July 13 in Shanghai were between RMB 17,530-17,550/mt, with premiums of positive RMB 40-70/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,560-17,600/mt. Traded prices of spot aluminum in Wuxi were RMB 17,530-17,560/mt. SHFE current-month aluminum prices opened higher but later slightly fell, limiting upward space of spot aluminum prices. While traders were actively moving their goods at prices above RMB 17,500/mt, purchasers kept watching. Therefore market transactions were sluggish despite sufficient supply.
Global aluminum fundamentals, such as output costs, inventory trends, scrap and secondary demand and primary aluminum output challenges, are sending signals of “attractive value” at current prices, says Harbor Intelligence. Analysts see limited downward moves from current levels and “high odds not only of a new wave up in prices but of fresh highs in the next quarters.” Chinese demand is strong, resulting in a tight market despite record domestic production, with Chinese spot prices at a premium of $250 a metric ton to LME aluminum, Harbor says. Further, Harbor says, backwardation has emerged in the Chinese market, with spot prices higher than futures prices. “Total commercial aluminum-inventory levels in China have halved in the last three months by falling from 889k tons in late March...
The European Commission ordered Greece to recover 17.4 million euros ($24.5 million) in state aid that it says was improperly given to metallurgy company Aluminium of Greece in 2007 and 2008. The country must also recover interest on the money, the Brussels-based commission said in an e-mailed statement. The Commission also opened an in-depth probe into whether aid provided by the Greek government to state-owned railway company TrainOSE is in-line with European Union rules, the agency said.
Aluminium stocks held at three major Japanese ports inched up in June from May, reflecting sluggish domestic demand and slowing deliveries from ports, trading house Marubeni Corp said on Wednesday. Aluminium stocks rose to 228,600 tonnes at the end of June, up 3,200 tonnes or 1.4 percent from a month earlier, increasing for a third straight month and hitting their highest level since September, when stocks stood at 230,400 tonnes. Marubeni collects data from the key ports of Yokohama, Nagoya and Osaka. Japan, which has to buy nearly all the metal it needs overseas, annually imports about 2 million tonnes of primary aluminium, widely used in products ranging from computers, planes and electronics to the food sector. "Deliveries from ports are slowing, while imports rose slightly," a...
Aluminium stocks held at three major Japanese ports inched up in June from May, reflecting sluggish domestic demand and slowing deliveries from ports, trading house Marubeni Corp said on Wednesday. Aluminium stocks rose to 228,600 tonnes at the end of June, up 3,200 tonnes or 1.4 percent from a month earlier, increasing for a third straight month and hitting their highest level since September, when stocks stood at 230,400 tonnes. Marubeni collects data from the key ports of Yokohama, Nagoya and Osaka. Japan, which has to buy nearly all the metal it needs overseas, annually imports about 2 million tonnes of primary aluminium, widely used in products ranging from computers, planes and electronics to the food sector. "Deliveries from ports are slowing, while imports rose slightly," a...
MCX Aluminium yesterday traded with the positive node and settled 0.68% up at 110.65 tracking gains in other base metals counters. US credit rating agency Moody’s downgraded Ireland’s credit rating from BAA3 to BA1 and maintained a negative outlook for the country’s rating, which indicated the European debt crisis had spread into Ireland. On the other side, debt default risk increased in the US since the country failed to reach an agreement for lifting its debt ceiling with the deadline approaching. In yesterday's trading session aluminium has touched the low of 109.1 after opening at 110.15, and finally settled at 110.65. For today's session MCX Aluminium July contract is looking to take support at 109.5, a break below could see a test of 108.4 and where as resistance is now likely to be...
Shares in Alcoa Inc slipped on Tuesday despite posting a strong second-quarter profit, as some analysts voiced concern over a recent drop in aluminum prices. In early trading on the New York Stock Exchange, the company's stock was down 10 cents at $15.82, while aluminum fell to $2,451 per tonne in London, its lowest price since late January. UBS cut Alcoa's price target to $16.25 from $16.75 and maintained a "neutral" investment rating on the aluminum producer, which kicked off the earnings season on Monday with a profit that matched Wall Street estimates. Its revenue beat expectations, largely on higher metal prices and volumes. Analyst David Lipschitz, of Credit Agricole Securities, said his third-quarter estimate of 24 cents per share was lower than Alcoa's second-quarter 32...
On July 12, US credit rating agency Moody’s downgraded Ireland’s credit rating from BAA3 to BA1 and maintained a negative outlook for the country’s rating, which indicated the European debt crisis had spread into Ireland. On the other side, debt default risk increased in the US since the country failed to reach an agreement for lifting its debt ceiling with the deadline approaching. Meeting minutes announced on July 12 for the FED meeting held during June 21-22 showed some FED officials were preparing to provide more easy money policies if the US economic recovery is too slow to ease the high unemployment rate and that inflation will slow down as expected. As a result, the US dollar index erased earlier gains and fell to 75.972. During European trading hours, LME aluminum prices...
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 improved alumina and aluminium prices. The Melbourne-based group was commenting on its earnings outlook following the Monday release of second quarter results of aluminium producer Alcoa in the US. AWC's only operating interest is a 40 per cent share of the Alcoa-managed AWAC global alumina alliance. AWC did not release earnings figures and the Alcoa results are not a reliable guide to what Alumina will eventually report in its half-yearly financial reports. But the Alcoa result - second-quarter profit was up 138 per cent to $US326 million ($A304.9 million) - did highlight continued strength in alumina and aluminium prices....
When the London Metal Exchange was founded in the days of steamships, contracts were priced three months out to reflect the time it took to get tin from Southeast Asia or copper from Chile. These days, it can take twice as long to get aluminum out of an LME-approved warehouse in Detroit. The waiting lines are spurring complaints from consumers about a business that’s now part of Wall Street, with storage owned by Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) While global aluminum inventories reached a record in May, buyers in the U.S. Midwest were paying the biggest premium in more than a decade for immediate supply. The LME’s board meets tomorrow to to review rules on delivery rates from the largest stockpiles. “The supply-chain risks are not what should be happening in...
When the London Metal Exchange was founded in the days of steamships, contracts were priced three months out to reflect the time it took to get tin from Southeast Asia or copper from Chile. These days, it can take twice as long to get aluminum out of an LME-approved warehouse in Detroit. The waiting lines are spurring complaints from consumers about a business that’s now part of Wall Street, with storage owned by Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) While global aluminum inventories reached a record in May, buyers in the U.S. Midwest were paying the biggest premium in more than a decade for immediate supply. The LME’s board meets tomorrow to to review rules on delivery rates from the largest stockpiles. “The supply-chain risks are not what should be happening in...
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Alcoa Inc., down 20 cents at $15.71. The aluminum producer's quarterly profit grew thanks to higher sales and prices, but costs for raw materials are rising.
Aluminum inventories monitored by the London Metal Exchange fell to a six-month low, driven by declines in the U.S. Inventories of the lightweight metal fell for a 34th session, dropping 6,500 metric tons to 4.42 million tons, exchange data showed today. They are at the lowest level since Jan. 12. Stockpiles have dropped 6 percent since May 24. Most declines were registered in the U.S. Total orders to draw aluminum from LME warehouses, known as canceled warrants, fell 6,525 tons to 389,250 tons. The decline in aluminum inventories on the LME is the result of a shift into “invisible” stockpiles, which are those not tracked by the LME, rather than to consumers, said Alcoa Inc. (AA), the top U.S. producer of the metal used in cans and cars. “We do see shifts between visible and invisible...
