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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Benchmark aluminum prices on the London Metal Exchange fell below the 200-day moving average to $2,496 a tonne on Monday. Three-month aluminum was trading at $2,498.75 a tonne at 1122 GMT from Friday's last bid at $2,535.
Alumina's joint venture partner Alcoa increased its second quarter earnings as an improving manufacturing sector drove higher sales and prices. US-based Alcoa reported net income of $US322 million ($A303 million) in the three months to June 30, up from $US136 million in the previous corresponding period. It said improved sales and prices for aluminium and alumina were partially offset by rising raw material costs. Advertisement: Story continues below Alcoa said it still expected 12 per cent growth in global aluminum demand this year. Melbourne-based Alumina has a 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), with Alcoa holding the other 60 per cent. Alumina said it received $US86 million in fully franked dividends from the joint venture during the quarter, which compares...
Aluminium Bahrain (Alba)'s commitment to achieve an improvement target of $250m came one step closer as the company marked the successful completion of the fifth working group of the Alba SmartWay in June 2011. The Alba SmartWay - part of the AlbaStar Programme - was formulated in early 2010 as part of a broader initiative to improve performance, boost top line growth, enhance efficiency, strengthen competitiveness, and build-in a culture of continuous improvement. Lean management techniques were implemented through working groups that were called "waves" whose aim was to bring cultural change in the organisation through full and active employee participation within the 31 Alba SmartWay teams. With the completion of the final wave in June 2011, Alba has initiated the actions that will...
Alcoa is set to kick off earnings season once again on Monday, and there's a good chance the aluminum giant will deliver a fifth straight above-consensus quarter. The Pittsburgh company is the third-largest producer of aluminum in the world, making it not only a barometer for health of the industry but a good gauge on the health of the manufacturing sector as well. It's always the first component of the Dow Jones Industrial Average to report its results. Alcoa's shares tend to take their cue from aluminum's price on the London Metal Exchange -- the only market in the world that trades the metal. For the quarter that closed on June 30, the LME quote fell by about 3.1%, or $80 per ton, to roughly $2,510. Aluminum hit a high of $2,770 per ton in late April, but dropped sharply as member...
Alcoa is set to kick off earnings season once again on Monday, and there's a good chance the aluminum giant will deliver a fifth straight above-consensus quarter. The Pittsburgh company is the third-largest producer of aluminum in the world, making it not only a barometer for health of the industry but a good gauge on the health of the manufacturing sector as well. It's always the first component of the Dow Jones Industrial Average to report its results. Alcoa's shares tend to take their cue from aluminum's price on the London Metal Exchange -- the only market in the world that trades the metal. For the quarter that closed on June 30, the LME quote fell by about 3.1%, or $80 per ton, to roughly $2,510. Aluminum hit a high of $2,770 per ton in late April, but dropped sharply as member...
USAL to be Rebuilt with New Leadership and Energy. 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. In making the announcement, Lloyd Talbert, President of C.R. Laurence, states, “We are very pleased to announce the acquisition of the assets and business of U.S. Aluminum, one of the most respected names in the storefront and curtain wall business. We are proud of this new association and are especially pleased that Tom Harris, Executive Vice President of the predecessor company, will join us as President of the new company. Tom has over 20 years experience leading major...
US aluminium-maker Alcoa has posted a big increase in second-quarter profit, helped by rising metal prices. Net profit for the three months to the end of June came in at $322m (£202m), compared with $136m in the same period last year. Sales rose 27% to $6.6bn. Aluminium sold in a range of $2,500 to $2,600 a tonne on the London Metal Exchange during the second quarter. In the same quarter a year earlier it had sold for just under $2,000. However, the price is still well below its record high of $3,380 per tonne, reached in July 2008. Alcoa, which the markets watch closely for a signal about the earnings period to come, said although the economic recovery is uneven, its outlook remains positive. It reiterated its forecast that global demand for aluminium will grow by 12% this year and...
Oman's National Aluminum Products net income for the Q2 fell 34%, compared with the corresponding period last year. The company made OMR 747,000 in net profit during the quarter compared with OMR 1.14 million a year ago. Total income rose 4.6% from OMR 10.7 million to OMR 11.2 million.
According to data released by China’s Customs, the country’s imports of unwrought aluminum and aluminum products in June totaled 64,491 tonnes which was lower than 74,890 tonnes in a month earlier. Besides, China’s exports of unwrought aluminum totaled 59,166 tonnes dropped from 70,413 tonnes in May. At the same time, China’s imports of unwrought copper and copper products were 280,009 tonnes up by 9.9% from 254,738 tonnes in May.
The commercial glass and glazing industry has continued to speak out about last Friday’s news that Los Angeles-based C.R. Laurence Co. Inc. (CRL) had acquired U.S. Aluminum. And while many say their first reaction was one of surprise, they also expect the move to be a positive one for the industry, though it has also raised some questions about CRL’s plans for its new architectural metals business. John Shum, executive vice president of Sierra Glass & Mirror in Las Vegas, says his reaction was certainly one of surprise. “Beside the fact that I am not receptive to large companies taking too big a share of the market, I am excited that U.S. Aluminum can be saved,” says Shum. “I have been using U.S. Aluminum’s products for more than 25 years and I was sad to see them go. I think this will be...
Alcoa’s quarterly results may beat Wall Street expectations, but don’t expect a positive market reaction, according to David Silver, equity research analyst at Wall Street Strategies. “Following last quarter’s earnings beat, [Alcoa’s] stock [AA 15.91 -0.47 (-2.87%) ] was down in the after-market trading because of guidance,” Silver said in an interview on CNBC. “They beat on the topline and they beat on the bottomline just by a penny, but expectations were not there and I expect to see something similar for this quarter.” Silver downgraded the aluminum producer’s rating to “hold” from “buy” on Apr. 12 and shares have declined almost 7 percent since. He has a $17 price target on the stock. Silver sees the company earning 35 cents compared to a 32 cents a share consensus estimate from...
Aluminum inventories monitored by the London Metal Exchange declined to the lowest level in six months, falling for a 33rd session on worldwide declines. Inventories of the lightweight metal declined 8,900 metric tons to 4.43 million tons, exchange data showed today. They are at the lowest level since Jan. 12. Stockpiles have dropped 5.9 percent since May 24. Most declines were registered in the U.S., followed by the U.K. and Singapore. Stockpiles in the U.K. have declined 19 percent since the beginning of May. Inventories in Hull have declined 42 percent during the period, while Liverpool inventories are down 15 percent. Total orders to draw aluminum from LME warehouses, known as canceled warrants, fell 8,700 tons to 395,775 tons. Zinc inventories extended gains to the highest level in...
Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that it plans to release its second quarter 2011 financial and operating results on Wednesday, July 27, 2011 after the market closes. The Company will host its quarterly conference call on Thursday, July 28, 2011 at: 10:00 a.m. Pacific 12:00 p.m. Central 1:00 p.m. Eastern The conference call can be directly accessed from the U.S. and Canada at (888-820-9418), internationally at (913-312-0822), or through the Company's website at http://www.kaiseraluminum.com. An audio archive will be available on the Company's website following the call. Company Description Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with...
Traded prices of spot aluminum on July 11 in Shanghai were between RMB 17,550-17,580/mt, with premiums of positive RMB 50-60/mt. Low-iron aluminum was traded between RMB 17,580-17,600/mt. Traded prices of spot aluminum in Wuxi were RMB 17,560-17,580/mt. SHFE current-month aluminum prices slightly rebounded after previously opening lower and moving down. Spot aluminum prices fell below RMB 17,600/mt in response. Downstream purchasing interest was low with only a few middlemen buying at lower prices. Market transactions were limited.
The high inflation pressure as indicated by the June CPI data which reached a new high in recent 3 years pressed most active SHFE 1109 aluminum contract price lower at RMB 17,320/mt during today’s opening. In the morning session, the 1109 contract price fluctuated upward but met resistance near RMB 17,400/mt. As a result, it erased early gains in the afternoon, and finally closed at RMB 17,325/mt, down RMB 125/mt or 0.72% from the previous trading day. SHFE aluminum prices fail to break through the 5-day moving average after previous fluctuations also indicates growing strong resistance, which will weigh down aluminum futures prices. Therefore, SMM expects SHFE aluminum prices to struggle at RMB 17,300/mt in the short term.
China has ordered local governments to phase out a total 2.0431 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011 as part of a multi-year plan to crack down on energy-intensive and polluting industries. The target, contained in a statement on the Ministry of Industry and Information Technology website, is 13 percent higher that set in May, when Beijing said it aimed to phase out a total 1.813 million tonnes of outdated aluminium, copper, lead and zinc smelting capacity this year. But production of the four metals is still likely to rise this year from 2010 as more new capacity comes on stream. China is the world's top producer and consumer of aluminium, lead and zinc and largest consumer of copper. In the first five months of 2011, China produced 2.169 million...
Public sector aluminium major, Nalco , will hive off its non-aluminium business — power and other mineral mining into separate entities after they have reached a critical size, its chairman, BL Bagra said in Kolkata on Friday. The company is looking at earning 25% of its total turnover to come from non-aluminum businesses in the next five years and it will be investing Rs 2,000 crore in the next two years for aluminum as well as non core businesses. "Nalco will invest Rs 1700 crore as equity for the nuclear power joint venture with Nuclear Power Corporation of India. It will be a 49:51 joint venture where Nalco will be taking a 49% stake. We plan to set up 1400 mw of nuclear power plant at Kakrapar in Gujarat at a total investment of . 13,000 crore," Bagra said. "We are also planning to...
The National Aluminium Company Ltd (Nalco), a Navaratna PSU, is planning to set up two subsidiaries to run its power and non-aluminium business, a company executive said Friday. "We have already started diversifying into non-aluminium business. Apart from that, we are setting up power plants to meet our own requirement. It makes sense to hive off the units once we have substantial size," said Nalco chairman and managing director B.L. Bagara in Kolkata. The company has already diversified into power generation and set up a 1,200 MW captive power plant. "We are actually looking at almost 25 percent of our revenue to come from non-aluminium business in next five years," Bagra said. It is also in the process of appointing a consultant for its power business. Nalco increased its net profit by...
