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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Shipments of aluminum into the United States rose for a second straight month in May, spiking to a near two-year peak, as a growing domestic market deficit and improved demand conditions drove the builds. Data from the U.S. International Trade Commission on Tuesday showed May aluminum imports surge to 160,847 tonnes, up more than 50 percent from April to stand at their highest level since July 2009, when imports reached 189,671 tonnes. [MTL/USITC]. "As we know there is supply tightness in the U.S. and that has caused premiums to increase considerably," said Jorge Vazquez, founder and senior vice president with Harbor Intelligence. The U.S. Midwest spot aluminum premium paid above the London Metal Exchange (LME) cash price CMAL0 rallied to a record peak at 9.5 cents per lb in May of this...
Shipments of aluminum into the United States rose for a second straight month in May, spiking to a near two-year peak, as a growing domestic market deficit and improved demand conditions drove the builds. Data from the U.S. International Trade Commission on Tuesday showed May aluminum imports surge to 160,847 tonnes, up more than 50 percent from April to stand at their highest level since July 2009, when imports reached 189,671 tonnes. [MTL/USITC]. "As we know there is supply tightness in the U.S. and that has caused premiums to increase considerably," said Jorge Vazquez, founder and senior vice president with Harbor Intelligence. The U.S. Midwest spot aluminum premium paid above the London Metal Exchange (LME) cash price CMAL0 rallied to a record peak at 9.5 cents per lb in May of this...
Asia's largest aluminum industry expo "ALUMINIUMCHINA2011" will be held in Shanghai international expo center in July 13 to 15. One of the Japan’s largest integrated aluminum metal roll producers Furukawa Sky will participate in this exhibition for the fifth time. Then the products what are thick plate, car body plank, EV automobile, related products of lithium ion battery, heat exchanger component etc. will be exhibited. In addition, it will introduce its sub company in China. And all entrepreneurs are welcomed to the exhibition hall of Furukawa Sky. We hope we can cooperate in the flourish Chinese market in the future. Furukawa Sky Co., Ltd is one of the Japan's largest integrated aluminum metal roll producers. It produces aluminium plate, extrusion products, casting, forging products...
Income from continuing operations of $326 million, or $0.28 per share, up 138 percent compared to second quarter 2010; excluding negative impact of special items, income from continuing operations of $364 million, or $0.32 per share. --Revenue of $6.6 billion, up 27 percent over second quarter 2010 and 11 percent over first quarter 2011 --Record profitability in mid- and down-stream businesses --Cash from operations of $798 million --Free cash flow of $526 million --Debt-to-capital ratio of 32.6 percent and cash on hand of $1.3 billion --Reduced days working capital from 43 in second quarter 2010 to 37 --Reaffirm projection for 12 percent growth in global aluminum demand for 2011 Alcoa's /quotes/zigman/246295/quotes/nls/aa AA -1.26% second quarter 2011 income from continuing operations...
As LME aluminum prices fell another 2% overnight, most active SHFE 1109 aluminum contract prices opened lower at RMB 17,270/mt in response. They fluctuated at RMB 17,250/mt after failing to break through the 10-day moving average. Finally closed price was RMB 17,250/mt, down RMB 110/mt or 0.63% from previous trading day. Total positions decreased by 2,708 lots to 316,594 lots. SMM expects most active SHFE 1109 aluminum contract prices to continuously fluctuate downward and struggle at RMB 17,200/mt as short-selling prevails.
Traded prices of spot aluminum on July 12 in Shanghai were between RMB 17,470-17,500/mt, with premiums of positive RMB 40-70/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,500-17,540/mt. Traded prices of spot aluminum in Wuxi were RMB 17,470-17,500/mt. The falling of SHFE current-month aluminum prices dragged spot aluminum prices to below RMB 17,500/mt. As aluminum prices continued the falling trend, traders were actively moving their goods. However, aluminum purchasers’ interest to buy at lower prices remained low. As a result, market transactions were limited. .
As most active SHFE aluminum contract prices fluctuated at RMB 17,300/mt with a downward trend, spot aluminum prices in south China fell below RMB 17,600/mt in response. While the traders were actively moving goods, downstream factories, however, rarely purchased due to lower order volume. Moreover, the middlemen also kept cautious while being bearish towards aluminum prices. Mainstream traded prices stayed between RMB 17,590-17,600/mt as a result. Market transactions were sluggish.
Being an industrial enterprise, whose activities and processes pose inherent potential risks, Dubai Aluminium Company “DUBAL” is conscious of the need to safeguard the environment and to protect the safety and health of both employees and the residents of surrounding communities. The company is equally committed to absolute quality in the products and services offered to customers across the world. This is reflected in DUBAL's corporate certification to several major international quality standards, two of which have been renewed recently following audit-based visits by assessors from the certification body Lloyd’s Register Quality Assurance “LRQA”. The renewal certifications comprise: BS EN ISO 9001:2008 Quality Management System, where DUBAL’s entire smelter operations (smelting and...
Norsk Hydro ASA (ADR) PINK:NHYDY has been upgraded to a strong buy with a 2012 price target of $12 issued today by Shayne Heffernan. Norsk Hydro ASA (Hydro), incorporated in1905, is a resource rich, fully integrated aluminium company. The Company is a supplier of casthouse products, such as extrusion ingots, sheet ingots and foundry alloys. It has metal production facilities in Europe, Canada, Australia and Qatar. During the year ended December 31, 2010, it delivered 2.8 million metric tons of products to internal and external customers mainly from casthouses integrated with its primary smelters and from a network of specialized remelt facilities close to customers in Europe and the United States. Hydro’s business is divided into five operating segments: Primary Metal, Metal Markets,...
Guizhou Province is one of the three largest bauxite-rich region of china. This province’s largest bauxite mining and aluminum coal internation project has officially launched recently. It will become the largest modern aluminum industry base in southwest China after been completed. Information from Guizhou Development and Reform Commission shows that after years of exploration and preparation,Wuchuan County’s bauxite advancement project which located in Guizhou core bauxite resources area has officially started. this represent the integration project has taken a substantial step.
World demand for aluminium will double in the next decade, driven by growing use in aircraft, transportation and luxury cars, the head of major European products maker Amag said on Monday. 'We forecast that demand for aluminium will double within the next 10 to 12 years, so a global growth rate of 7 per cent. This is a nice picture,' Gerhard Falch, the Austrian aluminium group's chief executive, told Reuters. Demand for its products has put the company on target to match or beat 2010's record year for earnings. 'At least, we will be in line with the results of the record year of 2010,' he said. Earnings before interest, taxes, depreciation, and amortization were 139.0 million euros ($197 million) last year. Amag, capitalised at $865.35 million following an April listing in Vienna, makes...
Fitch Ratings has assigned primary aluminium manufacturer China Hongqiao Group Limited (Hongqiao) a Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BB' with Positive Outlook, and a senior unsecured rating of 'BB'. The agency has also assigned Hongqiao's proposed senior unsecured notes an expected 'BB(exp)' rating. The final rating of the proposed notes is contingent upon the receipt of documents conforming to information already received. Net proceeds from the issue will mainly be used to expand capacity at its aluminium production and captive power plant. "The ratings reflect Hongqiao's competitive cost advantage over other major Chinese aluminium producers, particularly in alumina and electricity cost, which together accounts for roughly 75% of its aluminium production cost,"...
Century Aluminum (NASDAQ:CENX) closed Friday's downbeat trading session at $15.81. In the past year, the stock has hit a 52-week low of $8.70 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $15.24 and resistance in the $16.34 range. Technical indicators for the stock are Bullish. For a hedged play on Century Aluminum (CENX), look at the Dec '11 $14.00 covered call for a net debit in the $12.85 area. That is also the break-even stock price for this trade. This covered call has a duration of 159 days, provides 18.72% downside protection and an assigned return rate of 8.95% for an annualized return rate of 20.54% (for comparison purposes only). Century Aluminum (CENX) does not pay dividends at this time. [ATU-Seven Summits Research]
Below are the five companies in the Aluminum industry with the lowest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples. Noranda Aluminum (NYSE:NOR - Snapshot Report) has the lowest future earnings growth of 7.09%; Alcoa (NYSE:AA - Analyst Report) is next with future earnings growth of 18.47%; and Century Aluminum (NASDAQ:CENX - Snapshot Report) has the next lowest with future earnings growth of 20.48%. Alumina (NYSE:AWC - Snapshot Report) follows with future earnings growth of 38.60% and Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) rounds out the group with future earnings growth of 48.07%....
Aluminum Corporation of China (NYSE:ACH) closed Friday's negative trading session at $20.51. In the past year, the stock has hit a 52-week low of $18.97 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $20.32 and resistance in the $20.70 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Nov '11 $20.00 covered call for a net debit in the $18.76 area. That is also the break-even stock price for this trade. This covered call has a duration of 131 days, provides 8.53% downside protection and an assigned return rate of 6.61% for an annualized return rate of 18.42% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield...
China's aluminum stocks have fallen sharply since reaching a record in early March, and if the trend continues, prices could exceed highs seen in February, industry participants said. Higher Chinese prices could undergird global prices, as the country accounts for 40% of global aluminum consumption. Non-exchange stock levels stood at 373,000 metric tons Monday, down more than half from a record high of 800,000 tons in early March, according to data from the Shanghai Metals Market. Inventories at the Shanghai Futures Exchange declined by 43% to around 238,894 tons during the same period. Any further decline will mark a turnaround from the oversupplied market conditions experienced since 2009, traders said. "If stocks fall to around 350,000 tons, which is one week of China's aluminum...
On July 11, as the debt crisis in the Euro zone further spread, and discrepancies still existed for the Greek bailout plan, default risks in the area rose again. Meanwhile, following Portugal, Italy also fell into the debt whirlpool. As a result, the Euro plummeted overnight below 1.40 due to heavy debt burden in the area. As risk aversion sentiment grew, the US dollar index climbed to 76 .156, a new high since May 25. It finally closed at 75.986, up 1.17%. Meanwhile, as weak economic data in the US and China dampened consumption growth, investors’ risk aversion sentiment further grew, with all US stock prices and commodities prices falling. LME aluminum prices plummeted 2% for two consecutive days and fell below the USD 2,500/mt level, hitting a new low of USD 2,464.8/mt since March 16....
SHANGHAI, Jul. 12 (SMM) -- Aluminum Spot Inventories in China (unit: 10 kt) Date Shanghai Wuxi Nanhai Total July 7th 22.0 7.2 8.4 37.6 July 11th 21.5 7.4 8.4 37.3 Changes on a Weekly Basis (%) -0.5 +0.2 0.0 -0.3
