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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Alcoa announced that Mr Kay Meggers has been elected a VP of the Company by Alcoa’s Board of Directors. Mr Meggers joined Alcoa in 2010 as VP of Corporate Initiatives, responsible for planning and coordinating major strategic initiatives that cut across multiple businesses, regions and resource units. He leads the Business Excellence and Corporate Strategy resource unit, composed of the Growth and Market Strategy, Quality and Business Excellence teams. The Asia Pacific President also reports to him. Mr Meggers is also a member of the Alcoa Executive Council, the Company’s senior leadership group that sets strategic direction. Mr Klaus Kleinfeld chairman and CEO of Alcoa said that “Kay has worked closely with me to build Alcoa’s parental advantage the extra value we get from our combined...
Alcoa announced that effective July 1st 2011, the Company’s Asia Pacific regional headquarters will report to Alcoa’s Business Excellence and Corporate Strategy organization part of an initiative to support the expanding footprint of Alcoa’s three business groups in the fast growing and strategically important Chinese market. As part of this initiative, Mr Jinya Chen president of Asia Pacific Regional was elected a VP of Alcoa by the Company’s Board of Directors. While continuing to lead the region, Chen will report to Mr Kay Meggers VP of Corporate Initiatives and will have overall accountability for Alcoa’s China strategy. The Company also announced that Mr Jiming Zhu will join Alcoa as President, China Rolled Products with responsibility for managing all of Alcoa’s Global Rolled...
Analysts and delegates attending an aluminum conference in Chicago this week look for stable to higher prices and premiums next year. A series of speakers at Harbor Intelligence’s Annual Aluminum Outlook Conference spoke on topics such as improving demand helped by the auto and commercial aircraft sectors, as well as substitution of aluminum for more expensive copper. The U.S. itself has an aluminum-market deficit, which should boost the widely followed Midwest premium, a Harbor analyst told the gathering. Some 210 registered delegates are attending the conference. Late Tuesday morning, a survey of participants showed that 75% expect relatively stable London Metal Exchange prices averaging $2,400 to $2,600 a metric ton in 2012. Fifty-eight percent anticipated the regional premium they pay...
Perhaps it isn’t a surprise that at the first panel of Harbor Aluminum’s Outlook conference here in Chicago, China played a big role. But China didn’t overshadow the fundamental keystones to good intelligence and analysis that Jorge Vazquez and his team at Harbor provide, especially with the Detroit LME-approved warehouses making news the past couple weeks. We at MetalMiner always like to be on the lookout for actionable intelligence to impart to our readers, and few do this better than Vazquez. In his initial workshop, entitled “Aluminum’s Key Industry Metrics and How to Read Them,” Vazquez and Harbor’s senior economist Jesus Villegas presented an eye-opening view into aluminum price forecasting.
Exploration Orbite Inc., developer of the Grande Vallée aluminous clay deposits in the Gaspé Peninsula, has passed another milestone towards proving the mineral can be converted successfully into alumina, the intermediate material used to smelt primary aluminum. CEO Richard Boudreault said Tuesday “a large scale” aluminum ingot has been produced from the high-grade alumina supplied by Orbite’s Cap Chat pilot plant in the Gaspé to Norway’s SINTEF international metals research group. “This large-scale laboratory test conclusively showed Orbite alumina meets industry standards and that it can be ultimately oriented for sale to aluminum smelters,” he said. Last month, Orbite reported the first conversion of its Cap Chat alumina into primary aluminum metal – but in small nuggets. This time a...
In mid-2007 Rio Tinto RIO bought Canada's Alcan for $38.1 billion in cash, now widely regarded as one of the most ill-timed acquisitions in corporate history. A key plank was that aluminum prices had not run like the other metals and value remained on the table. But the reason aluminum had not run was that the market was flush with high-cost Chinese output, seemingly immune to the realities pressuring mortal "for-profit" companies. The Chinese production persisted and Rio Tinto sailed headlong into the Global Financial Crisis before it could off-load noncore assets. Gearing spiked to near 200% levels, and if not for the grace of shareholders the company might have been reporting profits in Renminbi and updates in Cantonese. As history shows, Rio Tinto survived and sold around $7.5 billion...
The order is for new investments in Stena Aluminium’s smelter in Älmhult, Sweden. Nederman will supply the plant with solutions for the filtration of the fumes generated in the smelting of returned aluminium products. “Our operations are important especially for the environment, but there is also a growing industrial demand for recycled aluminium. It is therefore a major advantage that we are now almost doubling our production. The investments mean that the impact we have on the environment, despite increased production will be lower than it is today and we will also remove the local discomfort of odours from production,” says Staffan Persson, Managing Director of Stena Aluminium. The smelter is the only one in Sweden that produces aluminium from recycled materials and Stena Aluminium is...
Alcoa announced that effective July 1st 2011, the Company’s Asia Pacific regional headquarters will report to Alcoa’s Business Excellence and Corporate Strategy organization part of an initiative to support the expanding footprint of Alcoa’s three business groups in the fast growing and strategically important Chinese market. As part of this initiative, Mr Jinya Chen president of Asia Pacific Regional was elected a VP of Alcoa by the Company’s Board of Directors. While continuing to lead the region, Chen will report to Mr Kay Meggers VP of Corporate Initiatives and will have overall accountability for Alcoa’s China strategy. The Company also announced that Mr Jiming Zhu will join Alcoa as President, China Rolled Products with responsibility for managing all of Alcoa’s Global Rolled...
Khaleej Times reported that UAE aluminum producers Dubai Aluminum Company and Emirates Aluminum Company expect to almost double sales of primary aluminum to Europe in 2011 versus the previous year. Mr Walid Al Attar senior executive for marketing and sales at Dubal and Emal an executive working for both firms said that the companies, better known as Dubal and Emal expect to sell as much as 445,000 tonnes of their output to Europe in 2011 about 194,000 tonnes of which will come from Emal. Mr Al Attar said that in 2010, Dubal sold 230,000 tonnes of primary aluminum to Europe while Emal sold about 22,000. Dubal last year produced just above one million tonnes of hot metal at its smelter at Jebel Ali while Emal started up its new, 750,000 tonne smelter located at Taweelah in Abu Dhabi in...
China’s central government may cut its tax rebate for the nation’s aluminum exporters in light of punitive actions taken by the United States. Specifically, tax rebate on exports of certain semi finished aluminum products may be cut to 9% from 13%. The source said that the government may encourage the integration of the domestic aluminum sector by limiting aluminum exports through the tax rebate cuts. Australia might consider anti-dumping measures actions similar to those taken by the US in the near future. Aluminum prices on London Metal Exchange are likely to rise due to a demand increase in the EU and US markets, and supply decrease from China.
Reportedly, Indian V Vedanta Aluminium planned to pour INR 35 billion to expand its production capacity by 50% considering to the rising aluminum prices and increasing demand. Mr Mukesh Kumar head of Vedanta Aluminium indicated that its annual production capacity in its Orissa’s smelter would reach 750,000 tonnes. The production expansion plan was driven by the sharply rising demand from Australia and China.
The potential of Dubai Aluminum Company Limited and Emirates Aluminum Company Limited the key players in the UAE's primary aluminum industry to supply metal to end-users in Europe has been successfully promoted, thanks to the joint participation of the two companies at the Commodity Research Unit's 16th World Aluminum Conference which took place in Barcelona, Spain mid June. Several platforms were leveraged for this purpose, namely a combined stand in the exhibition component alongside the conference used to promote both companies and Dubal's proprietary world-leading DX Reduction Technology that has been implemented on industrial scale at EMAL Phase I; plus joint sponsorship of the CRU 2011 Registration Desk and luncheon on 14 June. The resulting strong presence ensured excellent...
Alcoa Inc.(AA) the largest U.S. aluminum producer, signed a memorandum with JSC Holding Inter-regional Distribution Grid Companies (JSC Holding IDGC), OJSC RUSNANO to set up a joint venture to develop and produce nano-coatings. The new JV project will manufacture anti-icing nano-coatings for use in ground wires, cables and other parts of power transmission lines. In addition, the JV will produce advanced cables and wires with enhanced anti-icing and conductivity features for JSC Holding IDGC. RUSNANO and Alcoa will be responsible for installing a pilot manufacturing line for nano-coatings application. As a part of the project, JSC Holding IDGC will support R&D, testing and new product certification. The major issue faced by power engineers in Russia is the icing and breakage of power...
Interfax China reported that Liancheng Aluminum Company Limited, a wholly owned subsidiary of the Aluminum Corporation of China Company Limited has completed construction of 338,000 tonne aluminum plant in the city of Lanzhou.
Over the last year aluminum prices have increased from USD 1800 to more than USD 2600 per tonne with major manufacturers seeing further upside ahead. The World Bureau of Metal Statistics said that in the Q1 of 2011, global demand for aluminum in the world amounted to 10.07 million tonnes, 360,000 tonnes more than during the same period last year. Rusal expects the demand for aluminum to grow by 13% this year up to 46 million tonnes with the biggest demand will be seen from BRIC countries and Russian demand up by 22% on the back of rising demand from car manufacturing, construction and packaging industries. Russian aluminum producers are expecting the price per tonne to be USD 2700 per tonne in 2011. Alcoa sees demand rising 6.5% annually with the company seeing Russian demand expected to...
National Aluminium Company, the Navratna PSU , has reduced basic price across all its product segments by Rs 5,000 per tonne. In case of 5 inch billets, the price has been cut by Rs 4,500 per tonne. The cut has been due to slow demand for products in the monsoon.
Mubadala Development, Abu Dhabi's strategic investment company, and 1MalaysiaDevelopment plan to build a USD4 billion aluminum plant in Malaysia in a joint venture, The National reported. The companies plan to build the smelter, which will produce up to 750,000 tons of aluminum a year, in Sarawak, on the island of Borneo. The Sarawak Corridor of Renewable Energy attracted Mubadala due to its low energy costs and strong logistics, Mubadala CEO Waleed al Muhairi said. The companies still must come to an agreement with Malaysia on regulations and electricity price. The plant is part of Mubadala's plan to increase its investment in aluminum, the CEO said. Demand for aluminum is expected to grow at 6 percent a year for the next decade as industries start to use it to replace heavier, more...
Abu Dhabi's Mubadala Development and state-owned development firm 1Malaysia Development have agreed to form a joint venture to develop a $4.2bn (Dhs15.4bn) aluminium smelter in east Malaysia, Dow Jones has reported. As part of the deal, Mubadala will also help 1Malaysia Development team up with other strategic partners to develop downstream industries including a rolling mill, a wire cabling plant, a wheel casting plant and up to 10 extrusion plants costing an additional $1.8bn.
