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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India's aluminum output rose 10.2% in the first two months of this fiscal year to 292,801 metric tons, aided by robust demand from consuming sectors, data from the mines ministry showed Friday. The country produced 107,806 tons of copper cathode in the April-May period, up from 101,764 tons a year earlier, while its zinc output rose to 132,904 tons from 114,888 tons, the data showed. India's lead output increased to 10,846 tons during the period from 9,269 tons a year earlier.
Aluminum-product makers filed a lawsuit to force the U.S. Commerce Department to levy tariffs on Chinese imports, countering the effect of a currency the companies deem to be undervalued. In a case at the Court of International Trade in New York, the makers of products used in door frames, gutters and solar- power equipment said earlier rulings by the Commerce Department to turn down their complaint violates the law. “Chinese producers and exporters of aluminum extrusions received countervailable subsidies resulting from currency undervaluation,” the Aluminum Extrusions Fair Trade Committee said in its June 24 court filing. In several decisions, the Commerce Department in the Obama and Bush administrations rejected requests by U.S. companies for so-called countervailing duties on imports...
Noranda Aluminum Holding Corporation will announced financial results for Q2 2011 in a news release before the NYSE opens on July 27th 2011. Management will review those results during a conference call at 10:00 AM Eastern Time on July 27th 2011 followed by a question and answer period. The call will be broadcast over the Internet on the Company's homepage at www.NorandaAluminum.com and can be accessed under the link Investor Relations. The call will be archived shortly after the conference call concludes and will be available for replay through August 3rd 2011.
Interfax China reported that Jiangsu Alcha Aluminum Company Limited plans to build a 250,000 tonne aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. Shenzhen Stock Exchange listed Alcha Aluminum will fund the project's construction through a private issuance of 120 million shares priced at least CNY 12.69 each to a maximum of 10 investors. Once construction begins, the casting and rolling production lines are expected to be completed 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. Aluminum strip produced at the...
Consumption of copper and aluminum in Brazil is expected to continue growing at double-digit rates in 2011, according to estimates from UK-based investment bank Barclays Capital. "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," analysts Costanza Jacazio and Roxana Mohammadian Molina said in the bank's most recent commodity flash report. "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 added. Copper and aluminum consumption rose by 38% and...
Aluminum stockpiles tracked by the London Metal Exchange fell for a 26th session, dropping in warehouses from the U.S. to Malaysia. Inventories of the lightweight metal slid 10,300 metric tons to 4.50 million tons, the lowest level since Jan. 20, LME data showed today. The streak of declines is the longest since Aug. 26, 2004. Stockpiles have dropped 4.4 percent since May 24, according to exchange figures. “What will be interesting to see is whether the recent outflows are followed by similar large inflows over the next couple of weeks, suggesting material is being shifted about rather than being consumed,” Leon Westgate, a Standard Bank Plc analyst in London, said in a report yesterday. Orders to remove aluminum from warehouses, or canceled warrants, fell 9,900 tons to 448,500 tons. The...
Aluminium Bahrain B.S.C. (Alba) welcomed a group of engineering students from the University of Bahrain (UOB) for an extensive tour of Alba's Petroleum Coke Calciner and Seawater Desalination plants on Monday, June 27, 2011. The students were given a tour in the plant and briefed on the processes involved in importing the raw materials crucial to the production of aluminium. They were also taken to the Alba marine terminal with its two jetties where green petroleum coke and alumina are imported from different countries. Alba's Superintendent, Calciner & Marine, Siva Prasad Rao met the UOB students who were accompanied by Prof. Ahmed Youssef Abdalla, Chairman of UOB's Department of Mechanical Engineering, and Prof. Saad Suliman, Professor of Manufacturing Systems & Processes at UOB's...
CONCERNS remain over the future of the Alcan aluminium smelting plant at Lynemouth, despite a surge in metal prices helping the firm return to profit. Alcan Aluminium UK recorded a pre-tax profit of £30.1m last year, compared to a loss of £35.3m during 2009, while turnover increased from £254.9m to £337.7m. The firm said that the market price for primary aluminium had increased by 16% last year and that its value has continued to strengthen throughout 2011. The improvements in price has allowed the Lynemouth site to begin reinstating some of the pots used to create its metals, with the firm deciding to mothball a third of the 352 pots at the site over recent years. Rio Tinto Alcan, which also has a site at Lochaber in Scotland, now believes the Lynemouth site will begin producing at full...
The environment group Friends of the Earth says the aluminium industry should commit to adopting more renewable energy rather than attacking the proposed carbon tax. The Australian Aluminium Council says production may be forced offshore if the carbon tax does not include compensation for the industry. Cam Walker from the Friends of the Earth says industry is trying to stir up fear in communities like Portland. He says Alcoa, which operates the Portland smelter, needs to be focus on renewable energy rather than compensation. "They need to not be hiding behind this fear campaign, they need to commit to using and sourcing entirely renewable energy," he said. "That will be fantastic for Portland as a community, it will certainly be fantastic in terms of employment and manufacturing outcomes...
It was a proud day for the Quad Cities and especially for those who work at the Alcoa plant in Riverdale, Iowa. President Barack Obama shined the spotlight on what workers have accomplished during a visit to the plant Tuesday. He even thanked them for providing the aluminum in the wings of Air Force One. "So I want to thank all of you for getting me here in one piece. It was a pretty smooth ride, thanks to Alcoa," joked Obama. The president toured a section of the plant where he saw one of the milling machines used to make the material for airplane wings and where the company invested $90 million on other equipment upgrades. Then, he gave brief remarks to a group gathered around a stage inside the plant. "Good to be back in the Quads," he said. The last time Obama was in the Quad Cities...
Aluminum-product makers filed a lawsuit to force the U.S. Commerce Department to levy tariffs on Chinese imports, countering the effect of a currency the companies deem to be undervalued. In a case at the Court of International Trade in New York, the makers of products used in door frames, gutters and solar- power equipment said earlier rulings by the Commerce Department to turn down their complaint violates the law. “Chinese producers and exporters of aluminum extrusions received countervailable subsidies resulting from currency undervaluation,” the Aluminum Extrusions Fair Trade Committee said in its June 24 court filing. In several decisions, the Commerce Department in the Obama and Bush administrations rejected requests by U.S. companies for so-called countervailing duties on imports...
National Aluminium Company Ltd has said it will decide on buying stake in an Indonesian coal mine by July-end after going through the due diligence report. “IFCI will submit the due diligence by the first week of July. After going through the report, we will take our call on buying stake in the mine. This might be by July-end,” the company’s acting Chairman, Mr B.L. Bagra, told PTI. Getting access to coal is the key for Nalco’s proposed $3.9-billion aluminium smelter project in Indonesia. It plans to set up a 0.5 mtpa smelter and a 1,250-MW coal-based captive power plant at East Kalimantan province in Indonesia. Buying stake in a coal mine would ensure long-term supply of the dry fuel to its project. The alumina smelter project, the company had earlier said, would be funded with...
Japanese shipments of aluminium products rose 0.8 percent in May from a year earlier to 166,885 tonnes, industry data showed on Tuesday, helped by a recovery in some production after the destructive March earthquake. May shipments climbed from a year earlier for the first time in three months and also gained 1.9 percent from 163,805 tonnes in April, data provided by the Japan Aluminium Association showed. While shipments of flat-rolled aluminium for use in automobiles fell for the fifth month in a row due to a drop in auto production, that was offset by a recovery in demand for semiconductors and liquid crystal manufacturing, the association said. The March 11 earthquake and tsunami crippled Tokyo Electric Power Co's Fukushima Daiichi nuclear plant and triggered concerns about electricity...
Aluminium Bahrain, the smelting company known as Alba, is seeking to save $250 million annually from 2012 after reducing its workforce and increasing capacity. Alba saved $100 million last year and will raise the figure to $170 million in 2011, Chief Executive Officer Laurent Schmitt said in a phone interview from Manama today. “We target an annual saving of $250 million from the end of 2012,” he said. The company, with 870,000 metric tons of aluminum capacity a year, is seeking to expand by about 50 percent by 2015 to meet growing demand and take advantage of a 24 percent increase in prices in the past 12 months. Alba is studying options to build a line that will produce 400,000 tons and lift the performance of two current lines, adding another 80,000 tons, Schmitt said. “We will submit...
Kaiser Aluminum Corporation (Nasdaq:KALU) hit a new 52-week high Tuesday as it is currently trading at $53.84, above its previous 52-week high of $53.65 with 7,617 shares traded as of 10:01 a.m. ET. Average volume has been 168,200 shares over the past 30 days. Kaiser Aluminum has a market cap of $1 billion and is part of the basic materials sector and metals & mining industry. Shares are up 5.8% year to date as of the close of trading on Monday. Kaiser Aluminum Corporation produces and sells semi-fabricated specialty aluminum products primarily in the United States and Canada. The company has a P/E ratio of 60.8, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Practice your KALU trading strategies and win cash in our stock game. TheStreet...
Aluminum inventories extended their longest decline to six years led by removals in Asia. Aluminum inventories in warehouses monitored by the London Metal Exchange fell 10,000 metric tons, or 0.2 percent, to 4.52 million tons, the lowest since Jan. 31. That was the 24th consecutive drop, the longest streak since March 14, 2005. Inventories had climbed to a record on May 18. “The current reshuffling of aluminum stocks between LME warehouses, particularly in the U.S., could interfere slightly with readings of the state of ‘apparent’ demand over the coming months,” Citigroup Inc. analyst David Thurtell said in a report today. Annual growth in “apparent” aluminum demand jumped to almost 11 percent last month from 7 percent in April, Thurtell wrote in the report. Alcoa Inc. (AA) said three...
Western world unwrought aluminium stocks rose to 1.573 million tonnes in May compared with a revised 1.537 million in April, industry data showed on Monday. Unwrought stocks stood at 1.303 million tonnes in May 2010, provisional data from International Aluminium Institute (IAI) figures showed. Total aluminium smelter stocks excluding finished endproducts rose to 2.656 million tonnes at the end of May 2011, versus a revised 2.591 million in April 2011 and 2.392 million tonnes in May 2010.
State-run National Aluminium Co Ltd (NALCO), India's third-largest producer of aluminium, has decided to offer a discount of 2,000 rupees per tonne across all products, a week after cutting prices by 5,000 rupees per tonne. The company has not revised the basic prices, and has only offered a discount with immediate effect until June 30, a senior company official who did not wish to be named due to company policy told Reuters on Saturday. Both the moves were promoted by the changes in the London Metal Exchange (LME) rates, he added.
