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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Qatalum, the state-of-the-art greenfield aluminium smelter constructed in line with Qatar's long-term economic diversification strategy, will be participating in, and sponsoring, Aluminium China 2011, taking place from 13 to 15 July 2011 at the Shanghai New International Expo Centre in Shanghai, China. Aluminium China is the world's leading aluminium trade fair dedicated to the whole supply chain in the aluminium industry and its major application fields. This year's event - the seventh annual edition - will facilitate world class trading, networking and educational activities while showcasing the latest innovations in products and cutting-edge technologies. Speaking about Qatalum's participation, Mr. Tom P. Johansen, Qatalum CEO said: "Aluminium China is an important industry event that...
The much-touted and highly prolific Mahan coal block, on which two major projects of two big conglomerates are hinged, is expected to see light of the day very soon. According to sources in the know, the government is keen to clear the clouds of uncertainty hovering over the Mahan coal block located in Singrauli fields in Madhya Pradesh very soon. The block is estimated to have 150 million tonne of thermal coal reserves and will feed upcoming power plants of Essar Power and Hindalco Industries, the flagship subsidiary of the Aditya Birla Group. The coal block is currently held by Mahan Coal Ltd, a joint venture company equally held by Essar Power and Hindalco Industries. While Essar has an offtake agreement of 60% or 5.4 million tonne per annum (mtpa) of coal from the block to feed its...
As most active SHFE aluminum contract price broke the RMB 17,400/mt level, spot aluminum prices continued to rise on July 6. Mainstream traded prices of spot aluminum in South China were between RMB 17,620-17,650/mt. Though the traders were actively moving goods, aluminum consumers’ response was limited. Market transactions were therefore moderate.
Traded prices of spot aluminum on July 6 in Shanghai were between RMB 17,550-17,580/mt, with premiums of positive RMB 50-80/mt. Low-iron aluminum was traded between RMB 17,580-17,620/mt. Traded spot aluminum prices in Wuxi were RMB 17,550-17,580/mt. As SHFE current month aluminum price fluctuated at RMB 17,500/mt, spot aluminum prices reached a 3-year high. Despite limited supply, the middlemen purchase interest lowered due to high aluminum prices. Meanwhile, downstream purchasers remained cautious. As a result, market sentiment was a little low.
United Co. Rusal’s electricity costs for its aluminum plants grew 43 percent in the first quarter of 2011, Vedomosti reported, citing a company representative. That amounted to a rise of $130 million in the first quarter from the last quarter of 2010, the newspaper said, citing a VTB Capital analyst.
The Brazilian government is preparing a stimulus package to guarantee domestic supply of aluminum so the South American country doesn’t have to depend on imports of the metal, Valor Economico said. The government is considering reducing energy costs and providing tax incentives for aluminum producers, the Sao Paulo- based newspaper said, citing Mines and Energy Minister Edison Lobao. The measures will be announced within 3 months, according to Valor.
The Brazilian government is preparing a stimulus package to guarantee domestic supply of aluminum so the South American country doesn’t have to depend on imports of the metal, Valor Economico said. The government is considering reducing energy costs and providing tax incentives for aluminum producers, the Sao Paulo- based newspaper said, citing Mines and Energy Minister Edison Lobao. The measures will be announced within 3 months, according to Valor.
Research and Markets (http://www.researchandmarkets.com/research/dc9edf/us_aluminum_indust) has announced the addition of the "US Aluminum Industry" report to their offering. The United States has one of the biggest aluminum industries in the world. The country produces over $40 billion worth of products and exports. US-based aluminum companies are the biggest producers of aluminum in the world as well. Operating in over 35 states through 300 plants, the aluminum industry in the US employs over 150,000 people and has an output of over 25 billion pounds of metal yearly. The aluminum industry is a significant contributor to the US economy and is an important player in international trade. Taiyou Research analyzes the US Aluminum Industry in its cutting-edge research offering - US Aluminum...
The US Department of Commerce (DOC) announced on July 5 factory orders in May increased 0.8%, slightly lower than the expected 1.0%. The revised durable goods orders rose 2.1%, which is slightly higher than previous month. Such economic data showed that US industrial activity was moderately growing, which boosted investors’ confidence, causing base metal prices overnight to rise. Later, the Moody’s downgraded Portugal’s credit rating from BAA1, to BA2, with a negative outlook. As a result, the euro fell after a rise of six consecutive days due to escalating debt crisis in another European country besides Greece. The US dollar index jumped back to the five-day moving average, but met resistance at the 60-day moving average, finally closing at 74.619, up 0.5%. LME aluminum prices overnight...
Aluminum Corporation of China (NYSE:ACH) closed Friday's dramatic trading session at $21.82. In the past year, the stock has hit a 52-week low of $18.18 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $21.29 and resistance in the $22.13 range. Technical indicators for the stock are Bullish. For a hedged play on Aluminum Corporation of China (ACH), look at the Nov '11 $21.00 covered call for a net debit in the $19.82 area. That is also the break-even stock price for this trade. This covered call has a duration of 137 days, provides 9.17% downside protection and an assigned return rate of 5.95% for an annualized return rate of 15.86% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield...
Aleris named Jeffrey A. Byrd vice president, Aleris Operating System (AOS), effective July 1, 2011. Byrd will lead this global operating system of integrated principles, operating practices and tools to drive transformational and continuous improvements. He will report to Aleris chairman and chief executive officer Steven J. Demetriou. Byrd previously was vice president Operations & Supply Chain for the company's Rolled Products North America business. Before that he served as vice president Supply Chain for that segment. Byrd joined Aleris in 2004. Earlier, he was director Manufacturing and Supply Chain Operations for Alflex Corporation and director, Materials Planning for Commonwealth Aluminum Company, and held operations, sales and technical roles at Barmet Aluminum Corporation....
Century Aluminum (NASDAQ:CENX) closed Friday's winning trading session at $16.08. In the past year, the stock has hit a 52-week low of $8.39 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $15.09 and resistance in the $16.61 range. Technical indicators for the stock are Bullish. For a hedged play on Century Aluminum (CENX), look at the Jan '12 $15.00 covered call for a net debit in the $13.35 area. That is also the break-even stock price for this trade. This covered call has a duration of 200 days, provides 16.98% downside protection and an assigned return rate of 12.36% for an annualized return rate of 22.56% (for comparison purposes only). Century Aluminum (CENX) does not pay dividends at this time.
Taiyuan Twin Tower Aluminum Oxide (000795) revised its earnings forecast for the first half of 2011, reports Shanghai Securities News, citing a company filing. The maker of rare earth permanent magnet materials and related products now anticipates a 640-680 percent year-on-year growth in first half net profit. It had previously forecast an increase of 250-300 percent. The company had recorded net profit of 2.16 million yuan in the same period last year. Following the revision, the company now expects to earn 16-17 million yuan in the first half of 2011, with earnings per share of 0.05 yuan. The company said it benefited from a huge increase in sales revenues.
A CONTENTIOUS state subsidy arrangement with aluminium manufacturer Alcoa would have been redirected by Spring Street to help finance an overhaul of Hazelwood power station, a former minister has revealed. Former industry minister Theo Theophanous has claimed a three-party deal between the Brumby government, Alcoa and Hazelwood’s owner International Power would have been more financially expedient and provided greater investment in renewable energy. However, the talks between the three parties fell through some time in 2007 due to political sensitivities. Mr Theophanous revealed in The Age yesterday that the Brumby government almost clinched a three-party deal with the power provider and Alcoa, which would have resulted in the state’s annual commitment to subsidise power at the smelter...
Set to soften in H2 this year, to be $2,400-$2,600/tn in 2012. Where will aluminium prices be in 2012? According to U C Rusal, the world’s leading producer of the white metal, aluminium prices will rise from the present level of around $2,510 a tonne to anything up to $3,000 a tonne, no matter even if some stocks in the meantime get released from financing deals. This faith is shared by the US-based aluminium consulting group Harbor Intelligence (HI) whose founder, Jorge Vazquez sees a three-year uptrend in prices to the “north of $3,000 a tonne” 2012 onwards. Their optimism is primarily based on high global energy cost, environmental regulations, particularly in the West, making running of refineries and smelters so much more expensive, factoring in the cost of bauxite mining to...
Volatility in equity markets has seen investors shift from high risk assets to commodities. But is this the smart investment? Experts give their views on the hot commodities of the day. Aluminium: According to Anand Rathi Commodities, this metal is looking weak for the next couple of days. Kishore Narne has a ‘sell’ view for MCX July aluminium futures at Rs 112-111 levels with a target of Rs 107. His stop loss level is Rs 115.
Traded prices of spot aluminum on July 5 in Shanghai were between RMB 17,450-17,490/mt, with premiums of positive RMB 40-50/mt. Low-iron aluminum was traded between RMB 17,490-17,530/mt. Traded spot aluminum prices in Wuxi were RMB 17,450-17,480/mt. As SHFE current month aluminum price fluctuated at RMB 17,400/mt, some purchasers were cautious towards buying. Meanwhile, as the traders were strongly optimistic towards aluminum prices, premiums of spot aluminum slightly increased. As a result, aluminum suppliers were leading the aluminum market in the recent period. Middlemen transactions were also active.
On Monday, SHFE 1109 aluminum contract prices, the most actively-traded one, opened slightly higher at RMB 17,300/mt. After price consolidations, SHFE three-month aluminum prices edged up to test RMB 17,400/mt, but met strong resistance to move higher. Finally, the aluminum contract for three month delivery in the SHFE market closed at RMB 17,375/mt, up RMB 90/mt, or a gain of 0.52%. SHFE 1109 aluminum contract prices closed up for fifth consecutive day, but failed to rise above the high level seen in the previous trading day. Time is still needed for aluminum prices to climb above RMB 17,400/mt due to heavy resistance. In the Shanghai spot market, mainstream traded prices were between RMB 17,450-17,490/mt, with premiums at positive RMB 30-40/mt over SHFE current-month aluminum contract....
