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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According to report of Harbor Intelligence, global leader in aluminum industry analysis and outlook, LME aluminum prices were still in the correction and the demand from global end users have been decreasing. Harbor Intelligence indicated that the aluminum would settle down at USD 2,400 per tonne during June to September. It would rebound to USD 3,000 per tonne in this Q4 or next Q1. The report also showed that the global average aluminum prices were estimated at USD 3,100 per tonne in 2012 and it would be at around USD 3,400 per tonne during 2013 to 2014.
According to report of Harbor Intelligence, global leader in aluminum industry analysis and outlook, LME aluminum prices were still in the correction and the demand from global end users have been decreasing. Harbor Intelligence indicated that the aluminum would settle down at USD 2,400 per tonne during June to September. It would rebound to USD 3,000 per tonne in this Q4 or next Q1. The report also showed that the global average aluminum prices were estimated at USD 3,100 per tonne in 2012 and it would be at around USD 3,400 per tonne during 2013 to 2014.
Aluminum Corporation of China (NYSE:ACH) closed Friday's downbeat trading session at $20.71. 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 stock has been showing support around $20.43 and resistance in the $20.97 range. Technical indicators for the stock are Bearish. For a hedged play on this stock, look at the Nov '11 $20.00 covered call for a net debit in the $18.66 area. That is also the break-even stock price for this trade. This covered call has a duration of 166 days, provides 9.90% downside protection and an assigned return rate of 7.18% for an annualized return rate of 15.79% (for comparison purposes only). A lower-cost hedged play for this stock would use a longer term call option in place of the covered call...
After declaring the Martial Law in 15th March, all segments of the society has been targeted, opposition leaders and human rights activists, doctors, engineers, teachers, journalists, athletes, schools and universities students and trade unionists both men and women, other community sectors and civil society institutions, including, workers who had suffered the most of injustice through committees which task is investigating with workers in their personal, political affiliations and religious. Thousands of workers were arbitrarily dismissed from their jobs. On 29th May 2011, General Federation of Bahrain trade unions last statistics showed that the dismissed number of workers reached 1724 workers [1] However, the actual number is larger, this number is just the number of those who...
The committee appointed by Rusal to examine complaints by bauxite workers against its local General Manager Ruslan Volokhov said it found no evidence that Volokhov engaged in racist behaviour or issued threats of physical assault to workers. However, the Board of Directors of the company, based on the report of the committee, said it has found Volokhov’s behaviour “unbecoming” of a general manager, and has since notified him of this, a release issued yesterday said. Volokhov, who was sent on leave to facilitate the investigation, resumed duties on Friday. The company did not say whether the general manager faced any sanctions. Some workers on the company’s Aroaima worksite had alleged that on May 8, Volokhov entered a bus which they had boarded and threatened them while holding a spade.
The Powerhouse alliance, consisting of developers Entra Eiendom, construction group Skanska, architects Snøhetta, environmental group ZERO and aluminium company Hydro will build Norway's first - and the world's northern-most - energy-positive commercial building, in Trondheim. "We are happy to be able to present and realize the first energy-positive commercial building in Norway," Kyrre Olaf Johansen, head of Entra, said as he and the other partners in the Powerhouse alliance unveiled the project on Friday. "The project will set new national and international standards for how to create energy-efficient and energy-positive buildings, and this will be a perfect building for a tenant who is actively engaged in environmental issues." The company Brattørkaia AS, with Entra Eiendom as a...
The US based Novelis announced to build a new plant in the US and expand the capacity of its Brazil’s production. The new production in the US is expected to be finished in 24 to 30 months; the expansion plan for Brazil production is designed to triple the current capacity from 220,000 tonnes to 650,000 tonnes. Mr Philip Martens CEO of Novelis said that the aluminum demands for automotive, electronic, and beverage sectors will grow by 25%, 10% and 10% to 15% respectively in coming five years. Present demand from automobile industry has returned to the level before global financial crisis. Novelis, which produces nearly 20% of the world's flat rolled aluminum products, is a subsidiary of Hindalco Industries Limited, one of the global largest integrated producers of aluminum and a leading...
June 3, on 18-20, May, 2011, headed by Foshan Foreign Trade Bureau, Huachang International Trade Department attends the 9th KZ- Chinese Commodity Exhibition. this exhibition was host by Ministry of Commerce of China, The Government of the Xinjiang Uygur Autonomous Region of China and The Xinjiang Production and Construction Corps. As an important economic and trade cooperation platform between China and Central Asia, and a convenience channel for KZ relevant organizations, customs and suppliers to know Chinese enterprises and products, this exhibition attracts more than 250 excellent enterprises to come to the exhibition. Huachang Aluminum Factory as a representative, during the exhibition its international department has already touched Central Asia customs and visited relevant markets,...
June 3, strive to realize aluminum industry sales revenue surpass hundreds of billion and cultivate an enterprise which annual sales revenue surpasses 20billion in 2015. Yesterday, Zhengzhou government release a new policy states that they will rapid develop aluminum precision processing, try their best to make Zhengzhou an aluminum industry base with strong comprehensiveness, complete industry chain. This new policy also clears the development goal of Zhengzhou aluminum processing industry. The first one is the goal of structure reconstruction: in 2015, aluminum precision processing products will increase to 30% compared with former less than 10%. The second one is energy saving: in 2015, strive to improve the rate of multipurpose utilization from les than 5% to 30%, to promote the rate...
The Oregon Department of Environmental Quality has issued a $1,700 penalty to Northwest Aluminum Specialties Inc., which runs an aluminum smelting and refining plant in The Dalles, Ore., for an air quality permit violation. The facility operates under a DEQ-issued Oregon Title V permit, which allows it to discharge air contaminants from the plant within a strict set of guidelines and limits. The permit requires Northwest Aluminum to submit to DEQ an annual report summarizing pollutant emission and other pertinent information about its air quality permit by Feb. 15 each year. DEQ did not receive the company’s 2010 annual report until March 3, 2011 -- more than two weeks after its deadline. DEQ had issued the company a warning letter about the same violation the previous year, when it did...
Aluminum will average $2,700 per ton for the year, the deputy chief executive of Rusal, the world’s largest aluminum company, told CNBC in an interview Friday. "I personally think there will be a $2,700 average for this year for aluminum," Maxim Sokov, deputy to Russian tycoon Oleg Deripaska at Rusal, said. “We are quite bullish generally in the commodities market. We believe that China and Asia will be the main drivers for the market, and that the situation in China and Japan will be the key driver for medium term demand in Q3 and Q4,” he added. Deripaska is currently locked in a battle with rival metals tycoon Vladimir Potanin for control of Norilsk Nickel, of which Rusal owns 25 percent. Sokov, who has been a member of the board at Norilsk Nickel as Rusal’s representative since 2008,...
Aluminium yesterday traded with the negative node and settled -0.72% down at 117.5 on thursday after the US Labor Dept announced that the number of application for jobless benefits fell to 422k in the week ending May 28th, but the decline was below expectation. The US Commerce Dept announced that factory orders in April slipped by 1.2%, also below expectation. The string of weak economic data show the US economic outlook is dim. Moody's warned the US govt that its sterling credit rating could be downgraded in the next few weeks if there is no progress in Washington on reaching a deal to increase the nation's borrowing limit. Meanwhile, the EU said it will help Greece ease Greece’s debt crisis, helping boost the Euro to hit a high of 1.45. As a result, the US dollar index dipped...
Orders to draw aluminum from warehouses monitored by the London Metal Exchange climbed to the highest level since at least October 1997, daily exchange figures showed today. Total canceled warrants, as the orders are known, rose 14,275 metric tons to 514,650 tons, the highest level in more than 13 years. Most orders were registered in Malaysia, with 16,200 tons canceled in Johor. Canceled warrants at the location have surged 285 percent since the beginning of June. Total aluminum stockpiles fell for a seventh day, declining 4,175 tons to 4.68 million tons. Copper inventories were little changed at 473,475 tons, canceled warrants fell 575 tons to 19,650 tons. Lead stockpiles increased 450 tons to 323,825 tons, the highest level since February 1995, while zinc stocks were little changed at...
First samples of aluminum have been produced by Exploration Orbite from Smelter Grade Alumina. This initiative represents a major milestone for Orbite. The SGA helps meet industry specifications for particle size and purity. A Canadian research facility has confirmed the quality of SGA through electrolysis smelting. Mr Lionel Roue professor of INRS EMC helped in the production of SGA samples. The aluminum has undergone a number of electrolysis smelting testing at the INRS. The tests showed that the faradaic efficiency and electrical potential of the SGA samples are consistent. The samples are same like metallurgical alumina which is generally used by global aluminum smelters. The experiments also confirmed that Orbite’s alumina exhibits a similar characteristic into a molten salt...
ET reported that NALCO, one of India's leading producers and exporters of alumina and aluminum has raised the basic prices of all grades of ingots, sows, ingots, billets, wire rods, cast strips and rolled products by INR 6,000 per tonne. The price rise will be from June 1st 2011. Aluminum is widely used in power generation equipment and in consumer goods such as cars and also in aircraft.
Commodity reported that aluminum processors in China have received notices from energy suppliers asking them to brace for power cuts as the country faces electricity shortages this summer, potentially heralding disruption across the industry. Shutdowns of fabricators, which process the ingots made by smelters into products, may cut demand for the refined metal. Smelters in the world's largest aluminum producer may be next in line to get notices that their power supplies may be interrupted. According to State Grid Corporation of China, an electricity shortfall this summer may be as much as 40 GW surpassing the 2004 record. Power prices for industrial and commercial users in 15 provinces will be raised from today, according to the National Development and Reform Commission. China's output...
RSB Industries, the holding company of a low profile auto component manufacturing group headquartered in Pune is planning to enter the aluminium refining and smelting sector in Orissa. The promoters appear unfazed by the delays other projects are facing in that mineral rich state. The group's main business is components manufacturing for the automotive and construction sectors through its flagship company, the over INR 1,000 crore RSB Transmissions. The company has three overseas locations, in Belgium for the construction and in the US and Mexico for auto component sectors. Mr RK Behera founder chairman of RSB group said that "We are planning to enter the metals and energy, that is, power generation, sectors. Group Company RSB Metals has an MoU with the Orissa government for an integrated...
Reuters reported that Italy's output of nonferrous metals semi-finished products is expected to rise this year driven mostly by export demand, but at a slower pace than in 2010. Mr Claudio De Cani director of Italy's industry body Assomet said that output of copper and alloy semi finished products by the Italian industry, the second-biggest in Europe, is expected to rise to 1.150 million tonne to 1.200 million tonnes this year from 1.111 million tonnes in 2010. Mr De Cani said that output of aluminum and alloy semi finished products is seen rising to 900,000 tonnes to 920,000 tonnes from 846,000 tonnes in 2010. The copper and alloy industry's expected growth of 4% to 8% and the 6% to 9% rise forecast for the aluminum sector in 2011 is a far cry from the 19% and 25% respective jumps in...
