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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Tracking crude oil, which is set to increase on the back of rising demand from emerging economies and supply concerns, global aluminium prices are expected to rise in the near to medium term. According to industry experts and analysts, aluminium may rise to $2,800 a tonne in a year from the present level of around $2,550 a tonne. “Compared to other base metals like copper, aluminium is still a laggard on the London Metal Exchange (LME). Given the demand-supply scenario, prices should rise in the medium term,” Ansuman Das, director (commercial), National Aluminium Company Ltd, said. He added that rising crude oil prices would support the overall trend on pricing. Crude oil prices, ruling around $98 per barrel on the New York Mercantile Exchange, expected to rise further, as supply issues...
The Recruitment Programme at Dubai Aluminium Company Limited (DUBAL) has launched its annual Summer Training Programme — an initiative that aims to improve understanding of the aluminum industry's workings amongst young UAE Nationals while providing training in business ethics and practices. Marwan Al Sawaleh (General Manager: Human Resources) advises that this year’s intake, which comprises a group of 40 secondary and tertiary UAE National students began the five-week programme on Sunday 26 June. “While at DUBAL, the youngsters be exposed to a real-life working environment, through which they will not only acquire technical and practical skills but also mature as individuals,” he says. As in prior years, DUBAL’s 2011 Summer Training Programme participants were selected from several...
Second-quarter profits at National Aluminium Products dropped 34 per cent compared to the corresponding period in 2010, according to a company statement. The company's figures show that profits after tax for the three months ending in June 2011 fell to RO747,000 from RO1.14mn. However, total income grew 4.6 per cent from RO10.7mn to RO11.2mn. In other earnings news, net profits at Oman Chlorine for the first half of 2011 crept up by 0.8 per cent from the year-ago period, according to a statement released by the company to the Muscat Securities Market. The brief report shows that profits after tax have grown from RO1.25mn for the first half of 2010 to RO1.26mn for the corresponding period in 2011. Pre-tax profits have also grown from RO1.23mn to RO1.44mn.
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China’s National Bureau of Statistics announced today price changes for major industrial products from by some key domestic producers. As of July 5, ex-work price of ordinary domestic aluminum ingots is RMB 14,421/mt, up (from June 20) RMB 345.2/mt or 2.5%.
Alumina Ltd says the government's carbon pricing scheme's effect on the local aluminium industry will depend on the treatment of electricity. The company said it had yet to see the full details of the proposed legislation and regulations, and that would determine whether the Australian aluminium industry remained competitive. Alumina chief executive John Bevan said the treatment of electricity intensity in emissions intensive trade exposed permit allocation would be important for the local industry. Additionally, it would be important to maintain an adequate level of permits while overseas competitors adopted a comparable carbon price. Alumina said it supported an economy-wide response to the challenge of climate change that had incentives for improvement while preserving the...
A shareholder in a central Queensland aluminium refinery says it has major concerns about the impact of the Federal Government's carbon tax plan. Five-hundred of the heaviest emitters in Australia will start paying an initial carbon price of $23 per tonne from July 1 next year but emissions-intensive industries like aluminium will get 94 per cent of their carbon permits for free. However, Rusal Australia chairman John Hannagan says he is worried about how carbon permits will be allocated for its Queensland Alumina Limited (QAL) operations in Gladstone. "Our understanding of the process and application of the permits is that we will receive effectively only around 74 per cent of permit allocations, which means that we will be, in our view, unfairly discriminated against," he said. "That's...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier, according to the average estimate of 14 analysts surveyed by Bloomberg. The New York-based company, which is typically the first in the Dow Jones Industrial Average to report earnings, will report after the close of the market today. Aluminum prices averaged 24 percent higher on the London Metal Exchange in the quarter as usage soared in China, the biggest consumer. Alcoa Chief Executive Officer Klaus Kleinfeld is forecasting global demand will increase by 12 percent in 2011 and double by the end of...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier, according to the average estimate of 14 analysts surveyed by Bloomberg. The New York-based company, which is typically the first in the Dow Jones Industrial Average to report earnings, will report after the close of the market today. Aluminum prices averaged 24 percent higher on the London Metal Exchange in the quarter as usage soared in China, the biggest consumer. Alcoa Chief Executive Officer Klaus Kleinfeld is forecasting global demand will increase by 12 percent in 2011 and double by the end of...
As earning season approaches, it seems as if the market is putting more emphasis on its outcome. After discouraging jobs data on Friday, the VIX showed little upward change. This observation gives way to the inference that the market expects earnings data to provide positive upward pressure. Leading off the earnings announcements is Alcoa (AA). As a major producer of aluminum, its profits rely heavily on its market price. Although AA provides a solid play, more companies may look to move on the announcement, specifically Century Aluminum Company (CENX), which too is in the business of smelting aluminum. This is where it derives 100% of its revenue, while AA derives 65% of its revenue from the production as well. The correlation exists as the two companies are correlated 71% on a daily...
Aluminum production increased year-on-year in the first quarter of 2011, both in China and in the rest of the world. Chinese production rose as producers re-started capacity that had been curtailed in the second half of 2010 in an effort to meet energy efficiency targets, according to a report from CRU, an independent business analysis and consultancy group focused on the mining, metals, power, cables, fertilizer and chemical sectors. Smelters started to bring this capacity back on-line after the Chinese Lunar New Year in February. Alcoa estimated that 1.1 million tons of capacity a year has been re-started. Outside China, production re-starts have continued, although at a more moderate pace. Chinese production will not only be supported by re-starts of curtailed capacity, but also by the...
Rio Tinto Alcan's Vaudreuil alumina plant in Jonquière, Quebec could see a reduction of about 40,000 tonnes of greenhouse gas (GHG) emissions annually following the signing of a steam supply agreement with Elkem Metal Canada. This agreement will also reduce the plant's energy supply costs over the long term. "Reducing GHG emissions is one of our core objectives. Although our companies use different processes, Rio Tinto Alcan and Elkem Metal are like-minded when it comes to responsible energy consumption. Both organisations agree that the diversity within this industrial partnership will generate greater benefits for the project," said Gervais Jacques, Head of Atlantic Operations, Bauxite & Alumina, Rio Tinto Alcan. "This announcement also demonstrates the openness and flexibility needed...
Signs that Alcoa benefited from more sales of aluminum at higher prices as it coped with rising energy and raw materials costs. Some of its customers were also affected by the aftermath of Japan's earthquake and tsunami in March. The aluminum manufacturing giant, based in Pittsburgh, has seen steady gains in sales as business has improved for key customers such as the aerospace, automobile and industrial gas turbine industries. For the year, it has forecast a 12 percent increase in global aluminum demand. The March crisis in Japan caused a disruption in the flow of parts for a number of industries that Alcoa serves but that appears to be easing. U.S. businesses ordered more airplanes, autos and oil-drilling equipment in May after a sluggish spring, and June auto sales rose 7 percent....
Welcome to Sargam Metals.Founded in 1968, SARGAM METALS is a Chennai based company involved directly and through subsidiaries in a variety of manufacturing and service activities.Sargam makes a wide range of Aluminium Alloys for sand, gravity and pressure die casting applications meeting EN,AA,JIS,BIS,and other standards.Sargam's alloys are used to make critical automotive components like cylinder heads, pistons, manifolds, wheel hubs, brake assemblies, water pump casings, alternator casings etc and its customers include some of India's leading automotive and automotive component manufacturers. This along with efficient manufacturing practices, use of state-of-the-art analytical equipment for instant and accurate chemical analysis, and close attention to ingot cleanliness ensures total...
KOLKATA: Aluminium PSU major Nalco would infuse Rs 1,700 crore as equity in the Kakrapar nuclear power plant in Gujarat to pick up 49 per cent stake, a top company official said today. "Nalco will pick up 49 per cent equity at a price of Rs 1,700 crore in the Kakrapar nuclear power plant," CMD of Nalco B L Bagra said. The size of the Kakrapar plant would be 2X700 MW in phase II, he said adding Nuclear Power Corporation of India Limited (NPCIL) is also a partner in the project. The plant would be commissioned by 2015, Bagra told reporters on the sidelines of a seminar on non-ferrous metals here. Bagra said the company was also planning to set up a 50-MW windmill in Andhra Pradesh at a cost of Rs 274 crore, besides bidding for the Ultra Mega Power Plant (UMPP) at Sundergarh in Orissa. Nalco...
Domestic output and sales volume of passenger cars in June have reached new highs compared with previous month and the same month in 2010. Overseas wheel hub orders were continuously reported. As the automotive industry growth outweighed expectations, June output of A356 aluminum alloy ingot reached a new high of 81.3 kt this year. The SMM survey covered 12 A356 aluminum ingot producers, with 8 located in east China, 2 in north China, one in southwest China and 1 in northwest China. Among the 12 producers, 6 have a 10 kt or higher monthly capacity. The other 6 can each only provide less than 10 kt of A356 aluminum ingots monthly. Aluminum alloy ingots are mainly sold to Zhejiang, Jiangsu, Shanghai and Anhui etc. Total monthly capacity of the 12 producers is 108 kt, with a total output of...
Though most active SHFE aluminum contract prices failed to break the RMB 17,500/mt level, spot aluminum prices still rose as a result of rising aluminum futures prices. Mainstream traded prices for spot aluminum in south China were between RMB 17,680-17,700/mt. Local traders’ unwillingness to move goods remained strong and purchasers took a wait-and-see attitude with only a few transactions reported. As the weekend is coming, both demand and supply are scarce.
