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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The financial market closed for one day on July 4, American Independence Day. As Greek default risk lowered, the Euro rose for six consecutive days. However, the Euro temporarily fell due to market worries, after Standard & Poor’s warned overnight that new austerity measures of Greece will put the country in a selective default position,. The Euro quickly rebounded later as the pessimistic market sentiment waned. The US dollar index remained on a downward track, but the downward space of US dollar was limited as QE2 ended, helping the US dollar index stand steady above 74 points despite falling for six straight days. LME aluminum initially fell to an intraday low of USD 2,488/mt overnight, but quickly rebounded due to strong support at USD 2,500/mt. Finally, LME aluminum prices closed at...
According to estimates from UK based investment bank Barclays Capital, consumption of copper and aluminum in Brazil is expected to continue growing at double digit rates in 2011. Analysts Mr Costanza Jacazio and Ms Roxana Mohammadian Molina said that "Adding to the recent strength in metal demand is in our view the initial stage of a strong infrastructure investment cycle, a dynamic set to become increasingly supportive for metal demand throughout the decade. Given recent trends and prospects for the copper and aluminum sectors to expand hand in hand with infrastructure growth we project domestic demand for the two metals to increase 92% and 53% respectively over the next 10 years." They said that copper and aluminum consumption rose by 38% and 29% respectively in 2010 compared with the...
Below are the lowest five companies in the Aluminum industry based on estimated Forward Earnings Yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock. Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) has the lowest Forward Earnings Yield of 4.20%; Alumina (NYSE:AWC - Snapshot Report) is next with a Forward Earnings Yield of 6.04%; and Alcoa (NYSE:AA - Analyst Report) has the next lowest with a Forward Earnings Yield of 8.40%. Century Aluminum (NASDAQ:CENX - Snapshot Report) follows with a Forward Earnings Yield of 10.08% and Noranda Aluminum (NYSE:NOR - Snapshot Report) rounds out...
Alcoa, a leading producer of primary and fabricated aluminum products, has planned to install a sophisticated recycling and casting process as a part of B&C Research expansion initiative in Barberton, Ohio. B&C Research is a division of Alcoa’s Wheel and Transportation Products business. The investment will help decrease greenhouse gas emissions and energy consumption. The new process will aid the company to make its 100% recyclable aluminum wheels into more efficient products. The $21 million expansion will be completed in the second half of 2012. The new facility will employ innovative technology and remelted scrap aluminum to produce billet, which will later be utilized for wheel production. The aluminum billet enhances the sustainability and efficiency of the company’s manufacturing...
Though it was hard for most actively-traded SHFE aluminum contract price to break RMB 17,400/mt, the continuously dropping spot aluminum inventories still led aluminum quotes among South China traders to new highs, with mainstream traded prices falling between RMB 17,560-17,600/mt. Downstream processors were actively buying in to build up inventories after their capital pressure was relieved. As a result, both aluminum prices and purchases increased, market sentiment was active.
Traded prices for spot aluminum in Shanghai were between RMB 17,450-17,490/mt on Monday, July 04, 2011, with premiums of positive RMB 30-40/mt over SHFE current month aluminum contract price. Low-iron aluminum prices were between RMB 17,500-17,540. Traded prices for spot aluminum in Wuxi were between RMB 17,450-17,490/mt. SHFE current month aluminum price surged and stood steady at RMB 17,400/mt. Spot aluminum pries also surged with a highest increase of 1.3%. As aluminum supplies were limited among holders, the middlemen turned more active towards buying. Market supplies remained short of demand.
Aluminium producer Vimetco will postpone the secondary public offering (SPO) of Alro Slatina shares on the Bucharest Stock Exchange (BSE), “due to adverse market conditions”, the group announced on Friday. “The company believes it is not in the best interests of Alro or its shareholders to proceed with an SPO at this point in time”, Vimetco said in a note to its shareholders. Vimetco, which is registered in the Netherlands and listed on the London Stock Exchange, announced in May that it wanted to sell up to 21 percent of its shares in Romanian aluminium producer Alro Slatina. Vimetco, the owner of approximately 84.19 percent of Alro’ shares said then it may conduct the SPO together with its indirect subsidiary Conef, a minority shareholder of Alro, which owns approximately 3.77 percent...
Reportedly, reconstructed and held by Changshu Aluminium foil Factory, Jiangsu Alcha Aluminium revealed its outline to construct 250,000 aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. The company is one of the initial companies that are specialized in manufacturing bare and hydrophilic coated aluminum foil inside China. For the new plant project, the casting and rolling production lines are expected to be finished within 12 months while the whole project will be finished within 18 months. It has a designed annual production capacity of 100,000 tonnes for aluminum and aluminum alloy ingot, 100,000 tonnes for aluminum strip and 50,000 tonnes for aluminum foil.
Aluminium Bahrain (Alba)'s commitment to broaden opportunities for young Bahrainis in acquiring new skills, in expanding their knowledge base and in gaining practical work experience will receive an impetus with the commencement of the Alba Annual Summer Training Programme from July 3, 2011. The Alba Annual Summer Training Programme targets high school graduates, university students and Bahrain Training Institute trainees, and provides them with the opportunity to work in Alba for the duration of four weeks during their summer break. Commenting on the commencement of the Alba Annual Summer Training Programme, Alba's Chief Executive, Laurent Schmitt said: "As a key corporate social responsibility initiative aimed at investing in Bahrain's future generation, the Alba Annual Summer Training...
Novelis declared that it will invest $15.8 million to build a continuous casting line at its manufacturing plant located in Pieve Emanuele, Italy. The new production line will recycle waste aluminum material into metal, which will be used to manufacture rolled aluminum sheet. . The new investment follows Novelis’ announcement made In May 2011 to expand the production capacity of recycled metal used in its global rolling operations from the current value of 34% to 80% by 2020. The Pieve Emanuele facility is an integrated casting, rolling and finishing operation. The aluminum coil and sheet made at the facility is supplied to end users and distributors in construction and other industrial markets. The Pieve Emanuele facility also supplies aluminum coil to Novelis’ mill located in Bresso. In...
Automakers plan to use more aluminum over the next few years to meet higher fuel economy requirements, a trend that could send car prices higher. "The amount of aluminum that's used in cars is projected to double by 2020," said Alcoa spokesman Kevin Lowery. Federal fuel economy standards call for automaker fleets to average 34 miles per gallon by 2016. Last year, the U.S. fleet got about 23 mpg. Automakers say hitting the new numbers means cutting a lot of weight out of cars. Less weight means less of a load for the engine to move, immediately improving fuel economy. Car companies further boost those efficiency improvements by using smaller, less powerful engines. "If you're really trying to maximize fuel economy, you really want to reduce horsepower as you cut weight," said Glenn Daehn,...
The Manufacturing Index for June released by the U.S. Institute of Supply Management on July 1 was 55.3, much higher than the expected 51.8. Pessimistic market sentiment was therefore somewhat alleviated. Meanwhile, Greece will get its new round of capital bailout in July, which will help it avoid a default. As a result, the Euro continued its slight increasing trend, while the US dollar index met strong resistance at the moving averages and kept a slight downward trend to finally close at 74.283 points, down 0.3%. LME aluminum prices slightly rose to USD 2,542/mt on Friday as a result of strong SHFE aluminum price movements at the tail of trading. Later, LME aluminum prices slid twice due to heavy resistance, down as low as USD 2,500/mt. Despite the weakening US dollar index, LME...
Alcoa believes in American manufacturing and was proud to host President Barack Obama at our Davenport Factory. His visit showcased why we are bullish on U.S. manufacturing, exemplified by our 2,200 Davenport employees who create and produce the innovative materials that support Alcoa's global aerospace business. As President Obama pointed out, we are in a "renaissance of American manufacturing." Our future requires an investment in emerging technologies that will create manufacturing jobs across the country, ultimately enhancing our global competitiveness. This is why Alcoa applauds and is joining the President's Advanced Manufacturing Partnership (AMP). The AMP joins universities, businesses and the federal government to focus on creating jobs and increasing investment in U.S....
More than two years ago Qatalum, the state-of-the-art aluminium smelter built in line with Qatar's long-term economic diversification strategy sponsored an aluminium faculty chair position in the department of chemical engineering at Qatar University for a three-year period. The target was to strengthen Qatar University's capability to graduate qualified engineers, both Qatari nationals and expatriates, who would want to have careers in Qatar's aluminium industry. Dr Halvor Kvande was selected for this professorship, and since his appointment to the position two years ago, he has worked to create interest and enthusiasm for aluminium production among Qatar University's young BSc students. From the fall of 2009 to the spring of 2011 Dr Kvande has presented a course on Aluminium Production...
More than two years ago Qatalum, the state-of-the-art aluminium smelter built in line with Qatar's long-term economic diversification strategy sponsored an aluminium faculty chair position in the department of chemical engineering at Qatar University for a three-year period. The target was to strengthen Qatar University's capability to graduate qualified engineers, both Qatari nationals and expatriates, who would want to have careers in Qatar's aluminium industry. Dr Halvor Kvande was selected for this professorship, and since his appointment to the position two years ago, he has worked to create interest and enthusiasm for aluminium production among Qatar University's young BSc students. From the fall of 2009 to the spring of 2011 Dr Kvande has presented a course on Aluminium Production...
Commodity reported that aluminum remains negative in ongoing week as selling sentiment continues. Aluminum demand is weak these days. Mr Amrita Mashar commodity analyst said that “Technically, Resistance for Aluminum is at 114. Aluminum July contract opened at INR 112.60 and made low of 112 during today’s trading session. Aluminum future has dropped by 0.42% to INR 112 per kilogram. Mr Amrita Mashar said that “Buy Aluminum near 113.60 levels for target of 117 with SL of 111 while long term traders can wait till 119 as bottom fishing is expected in near term.”
Norway's Norsk Hydro is expected to extend its robust financial performance from the first quarter of 2011 into the second and third quarters, based on continued strong margins for primary aluminum, Standard & Poor's said Thursday. S&P like Platts, is a division of The McGraw-Hill Companies. Hydro's primary metal segment logged an EBITDA margin of 13% for Q1 while the group posted an overall EBITDA margin of 11%. "We expect the robust performance to continue in the second and third quarters of 2011 because Hydro sold substantially all of its primary aluminum production for the second quarter at $2,450/mt and is likely to sell third quarter production at still high prices prevailing in April-June," S&P said in a report. "We factor into the rating that Hydro will generate EBITDA margin of...
About 50 retirees from Century Aluminum's Ravenswood plant hit the picket lines Thursday morning to tell the company they will not back down in their fight to have their health care benefits reinstated. The picket was supposed to mark the last day of health care benefits for the company's early retirees - those between the ages of 55 and 65. But in a last minute move, the company has agreed to temporarily cover health care costs for retirees in that group. In February 2009, the company closed its Jackson County aluminum smelter, which was a cornerstone of the local economy for more than 50 years. As a result, 651 people lost their jobs. Early last year, the company told retirees 65 and older it would no longer cover the health care benefits that had been negotiated under a contract with...
