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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Commodity reported that aluminum MCX June contract traded with positive node and settled 0.13% up at 113 taking into account negative inventories from past few days and on news that Greece took further steps not to default and to get additional bailout package from European Union and International Monetary Fund. LME Aluminum prices closed at USD 2,541 per tonnes up by USD 10. LME Aluminum prices should move between USD 2,530 to USD 2,560 due to ongoing Greek debt crisis. Aluminum inventories were down for the third straight day today on LME. The inventories in London metal exchange was down by 12950 tonnes. Meanwhile, Dollar index also remained on negative side as there was pressure from 2 dominating currency GBP and EURO as well as on the account of the negative expectations of US...
Alcoa’s Davenport Works still is working to finalize details on President Obama’s visit next week to the Riverdale plant, a company spokesman said today. John Riches said company representatives are meeting with the president’s advance team to determine what Obama will see Tuesday when he visits the aluminum maker. “We’re very proud to host the president,” he said. “We’ve never had a sitting president visit this plant, and as far as we can tell, we don’t think there has been a sitting president visit any Alcoa plant.” Riches did not know specifically why the White House selected Alcoa, but believes the plant’s turnaround in the past year could have contributed to the decision. After laying off hundreds of workers during the recession, Alcoa has since called back all the workers and has...
United Co. Rusal, the world’s largest aluminum producer, said prices will average between $2,600 and $2,800 a metric ton this year. Rusal’s First Deputy Chief Executive Vladislav Soloviev announced the prices to reporters in Hong Kong today. The price for three-month delivery has averaged $2,575 a ton this year and was $2,531 today at 4:48 p.m. Hong Kong time on the London Metal exchange. Prices may rise to as much as $3,000 in 2012, Steve Hodgson, Rusal’s head of marketing said on June 14.
Commodity reported that the metals ended last week mixed with only copper up w/w. Despite falling stocks and further delays to new projects, one metal that has continued to underperform recently is nickel. Expectations for stronger supply growth in H2 as previously shuttered facilities are restarted have been weighing on prices which are now trading at USD 21,500 per tonne. However, the fall in prices has begun to put pressure on the industry’s marginal producers, nickel pig iron, in China. Prices have begun to eat into the cost curve resulting in negative margins for some of these high cost producers. Metal Bulletin has reported that cost related and power related cutbacks at some NPI producers is tightening the domestic market where stainless demand is strong resulting in stronger...
Mubadala is continuing with aggressive overseas expansion plans, announcing JV with 1 Malaysia Development for the construction of USD 4 billion aluminum plant in the South East Asian country. Mubadala has an impressive track record of forming successful JV having recently completed a smelter in Abu Dhabi with Dubai Aluminium. Mr Waleed al Muhairi COO of Mubadala when speaking about his firm’s intentions to invest further in the aluminium sector reinforced why companies from the Emirates are investing heavily in aluminium developments at home and abroad and why they will continue to do so. Mr al Muhairi said that "Aluminum is a core sector. We are extremely happy with the success of that investment so we plan to invest further as opportunities arise. We want to invest in aluminium...
India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 1,500 tonnes of aluminium billets, a company source said on Thursday. The last date for submission of bids is July 4, the official, who is close to the tendering process but could not be named due to company policy, told Reuters. The metal would be shipped in six batches of 250 tonnes each from August to January, the official added. NALCO, whose tenders serve as an international benchmark, last sold 12,000 tonnes of aluminium ingots to European trading firm Trafigura in April at $95 per tonne premium over the average LME cash price on a cost, insurance and freight basis. Earlier this week, the metal producer had floated a tender to export 6,000 tonnes of aluminium.
According to statistics, China’s electrolytic aluminum capacity was 23 million tons in 2010 and its actual production was 15.6 million tons. At the same time, the rate of equipment utilization was only at 70%. However, Chinese aluminum smelters’ sales margin was only at 3.59% during January to November 2010 which was lower than that of other industries. Recently, the Chinese electrolytic aluminum industry has still aimed to build new smelters in China despite of the oversupply and low demand from downstream. Consequently, industry sources pointed out that the oversupply would depress the price hike for electrolytic aluminum. It’s known that the 1108 contracts of electrolytic aluminum at Shanghai Futures Exchanges were at CNY 16, 935 per tonne on last Friday down by 0.27
Aluminum producer Aleris, Beachwood, Ohio, has expanded and relocated its Shanghai office, which is the headquarters for Aleris (Shanghai) Trading Co. Ltd. The Shanghai office serves as Aleris' corporate office in the Asia-Pacific region. Citing increased business, the company also opened a new sales office in Beijing to serve its customers in northern China. Aleris Trading Co.’s Beijing office is at the Central International Trade Centre on Jianguomenwai Ave. "The growth of our current business in China dictated the need for more office space,” says Roeland Baan, Aleris’ executive vice president and CEO for Europe and Asia. “These new offices also provide a base from which to implement our plans for future growth in the region."
According to the provisional figures from the International Aluminum Institute, daily average primary aluminum output in May dropped to 69,900 tonnes compared with a revised 70,300 in April and 66,400 in May 2010. IAI said that total production in May was 2.167 million tonnes compared with 2.110 million tonnes in April and 2.058 million in May 2010.
Mr Vladislav Solovyov deputy CEO of Russia’s United Company RUSAL said that the aluminum prices would raise to USD 2,700 per tonne to USD 2,800 per tonne by the end of 2011 due to recovery of global economic condition and producers' rising costs. UC RUSAL is the world's largest aluminum company with headquarters in Moscow, Russian Federation. Menawhile, the company accounts for almost 11% of the world's primary aluminum output and 13% of the world’s alumina production.
Russian billionaire Oleg Deripaska’s United Co. Rusal aims to boost deliveries of aluminum to China as demand is growing in the Asian country. “We hope that Rusal will occupy at least 30 percent of China’s market in the next five to 10 years,” Artem Volynets, chief executive officer of Deripaska’s En+ Group Ltd., told reporters in Hong Kong today.
London Metal Exchange rules are creating delivery bottlenecks for aluminum that are boosting prices and causing seven-month delays at Detroit warehouses, commodity researcher Harbor Intelligence said. Warehouses monitored by the LME, the world’s largest metals exchange, are obliged to deliver a minimum of 800 metric tons to 1,500 tons daily, even as global stockpiles of aluminum rose almost fivefold to 4.57 million tons since the end of 2007. Detroit’s warehouses hold 25 percent of LME-monitored inventory. The premium paid in the Midwest to get the metal on top of its cash price surged to a 16-year high last month. The LME’s minimum-delivery rule “is one of the factors that, without a doubt, is behind record high Midwest premiums,” Jorge Vazquez, a senior vice president at Harbor...
Rio Tinto Alcan told 300 contractors Wednesday that it intends to spend $2.5 billion rebuilding its Kitimat aluminum smelter in a mega-project that is expected to transform the province's northwest. The project had stalled during the 2008-09 recession but is back on track for a 2014 completion, Kitimat Modernization Project manager Michel Lamarre, told contractors who had gathered in Vancouver for a daylong session on project opportunities. "This project is serious. We are about to start," Lamarre said in an interview after addressing the contractors. The Rio Tinto Alcan project is the largest private sector investment in the province "in a long, long time," Jobs and Innovation Minister Pat Bell said at the opening of the contractor forum. "This investment is significant, but it is just...
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 Industry. The report covers the following: • Analysis of the global aluminum industry along with an industry definition. • Analysis of the US aluminum industry through market profile, market size, market value, market volume, etc. In this report, the...
The Volta Aluminium Company (VALCO) is a very well-known name on the country’s industrial landscape, and for obvious reasons. VALCO is perhaps the country’s largest industrial enterprise in terms of technology and employment and revenue generation. More importantly, it is the mother that gave birth to the giant Volta River hydroelectric project. At the time of the construction of the hydroelectric dam at Akosombo, there was the need to guarantee a ready consumer of the enormous power that was expected to be generated, since Ghana’s industrial base was very small. Funding institutions were not ready to finance the project at that huge cost if there was no evidence of an industrial base that could utilise the power and, consequently, pay for the investment. VALCO, therefore, became a...
China’s aluminum consumption will probably grow at the same rate as the country’s economy, said Lilian Luca, a managing director at Beijing Axis, a commodity adviser. China’s gross domestic product may grow at an average 8 percent to 9 percent for the next 10 to 15 years, Luca, who is based in Beijing, said in an interview today at an industry conference in Chicago. Global aluminum prices probably will rise gradually, without a “dramatic surge,” he said.
India's state-run National Aluminium Co. Ltd (NALCO) has issued a tender to export 6,000 tonnes of aluminium ingots, a senior company official said on Tuesday. The last date for submission of bids is June 28, the official, who is close to the tendering process but could not be named due to company policy, told Reuters. The metal would be shipped in six batches of 1,000 tonnes each from August to January, the official added. NALCO, the tenders of which serve as an international benchmark, last sold 12,000 tonnes of aluminium ingots to European trading firm Trafigura in April at $95 per tonne premium over the average LME cash price on a cost, insurance and freight basis.
Alcoa Foundation marked the end of its two-month Green Works employee volunteer environmental service program today by increasing its support to the Friends of Vatnajokull National Park in Iceland and American Forests' Global ReLeaf, two organizations committed to environmental replenishment. Alcoa AA +3.99% leaders and employees concluded the Green Works program in Iceland by planting 125 trees in Reydarfjordur, where the Alcoa Fjardaal smelter is located. Following the tree planting, Alcoa Iceland contributed US$700,000 to the Friends of Vatnajokull National Park to support education, research and environmental projects at Vatnajokull National Park, the largest national park in Europe.
