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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Inward bending of anode stubs, generally known as "toe-in", is a well understood occurrence in all pre-bake aluminium smelters. The difference in linear expansion of the carbon anode and the steel yoke or spider of the anode rod at high temperatures in the reduction cell means that the yoke expands more than the anode, bending the stubs which are anchored in the anode block. Stubs become bent inwards just above the iron thimble, changing the geometry of the yoke, and stubs can no longer be correctly located in the anode holes during subsequent rodding. Ultimately the stubs will no longer fit into the holes. Historically, smelters often continued to use toed-in stubs until they would no longer fit into the anode, when the bent stubs would be cut off and replacements welded onto the yoke....
UC RUSAL announced that the launch of a unique education program the RUSAL Scholarship 2011. The RUSAL Scholarship will provide 100 talented young Guineans aged between 18 and 25 the opportunity to be educated in Russia’s best universities. All accommodation, transportation costs and tuition fees will be covered by UC RUSAL. The RUSAL Scholarship 2011 program aims to educate highly-qualified staff for the Republic of Guinea and to strengthen the ties of friendship between the Russian Federation and Guinea. Guinean students will be able to study for degrees in mining, railroad operations, economics, building and construction, agriculture, water supply, medicine and human resources. After graduation, there is the opportunity for many of the students to work for RUSAL in their subsidiaries...
Bank financing deals which have tied up large amounts of aluminium in London Metal Exchange warehouses has led some suppliers to impose surcharges, German luxury carmaker BMW (BMWG.DE) said on Friday. Metal industry sources estimate these deals have tied up a hefty 70 percent or 3.3 million tonnes of record high aluminium stocks -- 4.7 million tonnes in LME-registered warehouses. Frank Wienstroth, who overseas communications on the supply chain and sustainability said BMW was aware of the bank deals, "although it does not impact our hedging decisions".
Japanese demand of aluminum ingot and processed aluminum products increased by 9.6% to 3.915 million tonnes in fiscal 2010 ended March 2011 from 20 year low of fiscal 2009. Japan Aluminum Association said that the demand increased for domestic automobile, appliances and construction while the export increased especially for Asia. The demand increased for rolled products and die castings while the demand decreased for ingot and electric wire.
Anglesey Aluminum is keeping the names of 3 companies who are vying to buy the site bringing a possible 500 jobs to the area, a very closely guarded secret. Last week it was announced that Land and Lakes is looking to build a Center Parcsesque leisure holiday resort on the 630 acres of land surrounding the smelter site. But who or what will be developed at the industrial site will not be known until later this summer. The operational site was put on the market in September 2010 resulting in 12 expressions of interest from potential buyers. A spokeswoman for Anglesey Aluminum said that from the list of 12 we created a shortlist of three companies which they felt would maximize alternative employment opportunities and increase economic activity within the area in line with our aspiration...
A series of recent FT articles covering a range of topics such as global growth, commodity market volatility and aluminum demand appear to offer conflicting guidance on the direction of prices for the light metal later this year and next. Aluminum’s price correlation to oil is an issue we have raised before in recent articles. As the oil price rose, the energy-intensive nature of aluminum’s production supported the metals price even as other metals such as copper and tin fell. In the last month, the price has fallen about 10 percent on the back of a falling oil price and strengthening dollar. Gregory Meyer at the FT points to this correlation and suggests the falls are temporary, as surging Asian demand reduces OPEC’s once-comfortable cushion of 5 mb/d spare capacity touted at the turn of...
Western world unwrought aluminium stocks fell to 1.514 million tonnes in April from a revised 1.550 million in March, industry data showed on Thuerday. Unwrought stocks stood at 1.209 million tonnes in April 2010, provisional data from the International Aluminium Institute (IAI) showed. Total aluminium smelter stocks excluding finished end-products fell to 2.515 million tonnes at the end of April 2011 from a revised 2.605 million tonnes in March.
MCX Aluminium yesterday traded with the positive node and settled 1.66% up at 114.75 as rising crude oil prices helped push up Aluminium prices to a high of 115.45, but high inventories caused LME Aluminium prices to trim some gains. Market sentiment will remain sluggish in view of rising cash flow pressures faced by downstream processors and weakening demand at the month-end. In yesterday's trading session Aluminium futures has touched the low of 112.95 after opened at 113.35, and finally settled at 114.75. For today's session market is looking to take support at 113.3, a break below could see a test of 111.9 and where as resistance is now likely to be seen at 115.8, a move above could see prices testing 116.9. Aluminium futures trading range is 111.9-116.9. Intraday traders can buy MCX...
Shares in Orbite VSPA Inc. surged as much as 18.4% in morning trading after the Quebec junior miner said it produced the first samples of aluminum at its Cap Chat pilot plant. The stock rose from its previous close of $3.65 to a high of $4.32 before tapering back. Orbite chief executive Richard Boudreault, who founded the company, has developed a patented technology for producing alumina by extracting it from clay. The clay is abundant in the Grand Vallée in Quebec’s Gaspé region. Producing the raw material locally would save his potential aluminum producer customers millions of dollars a year in transportation costs because the bulk of the alumina used by Quebec’s aluminum makers is now shipped in from Jamaica and Brazil. Orbite owns the mineral rights to 3,500 hectares of land in Grand...
CHINALCO members of Party Group and Luo Jianchuan, CEO of CHINALCO leave for Southwest Aluminum Industry do some research. Luo, deeply understand their tandem cold rolling project and thick plate project, and then listen to their teams work report. Luo emphasizes that the new leaders of Southwest Aluminum Industry should work together and let the majority leaders to unite their thoughts and actions into company’s decision making and pay more attention to the whole situation. Further strengthen the basic management, promote aluminum processing industry operation transformation pilot project actively, and keep on make efforts to the reformation development and stability of enterprise, play full advantages of self, try best to maximum the profit and interest. He hopes the majority leaders of...
In range-bound movements, aluminium traded 0.44% higher in futures trading today in line with a firming trend at the London Metal Exchange. At the Multi Commodity Exchange counter, aluminium for delivery in July gained 50 paise, or 0.44% to Rs 114.50 per kg, with a business turnover of three lots. The metal for delivery in May also strengthened by 40 paise, or 0.35% to Rs 113.25 per kg, with a trading volume of two lots.
Japanese shipments of aluminium products fell 7.6 percent in April from a year earlier to 163,805 tonnes, industry data showed on Wednesday. That was down 4.3 percent from 170,878 tonnes in March, data provided by the Japan Aluminium Association showed. It was the first full month of data since the March 11 earthquake and tsunami devastated the nation's northeast coast, damaging roads, ports and other infrastructure and disrupting supply chains. Effects of the disaster had already been reflected in March aluminium product shipments, which fell 8.5 percent from a year earlier to log the first year-on-year decline in 16 months. (Reporting by Chikako Mogi; Editing by Michael Watson)
Reuters reported that global aluminum output surged to a fresh all time high of 118,800 tonnes per day in April after a slight drop in March. Global production was running at an annualized 43.35 million tones last month, representing a near million tonne increase from the previous record of 42.39 million tonnes in February. According to figures released by the International Aluminum Institute, production in both China and the rest of the world rose MoM. Outside of China annualized production of 25.70 million tonnes is closing in on the previous output peak of 25.77 million tonnes seen in April to May 2008. The twin drivers remain fast rising output in the Gulf area and capacity restarts in other countries, particularly North America, where Alcoa's 200,000 tonnes per year of restarts are...
Harsco Metals, based in Harrisburg, Pennsylvania, provides specialized solutions in resource recovery, logistics and product quality for the global metals industry. With operations at more than 160 locations in over 30 countries, Harsco follows the footprint of the metals industry across the globe. Harsco is also engaged in a systematic process of continuous improvement of operations along 'Lean' principles, seeking out cost efficiencies throughout the entire life of the customer relationship. Given the importance of onsite logistical efficiency, Harsco has developed item marking and tracking systems which have the potential to optimize customer’s raw materials or product inventory management. Mr Steve Larkin president of Association said that “We are pleased to welcome Harsco Metals into...
In a bid to remain focused on augmenting steel making capacity, Sajjan Jindal led JSW Group has put its proposed INR 4,200 crore Greenfield aluminum project on hold. Mr Seshagiri Rao joint MD and group CFO said that “We are currently not pursuing our aluminum expansion. That project is on hold as of now.” Mr Rao said that JSW Aluminum was incorporated on July 8th 2005, as a special purpose vehicle to set up 1.5 million tonnes alumina plant in Vizianagaram district Andhra Pradesh. The plant was expected to become operation in April 2010. The company had earlier said that the project cost of INR 4,200 crore would be funded via mix of debt and equity of this INR 3,000 crore debt would be raised from various financial institutions. However, hit by the economic slowdown and short of funds, the...
Aluminium yesterday traded with the negative node and settled -0.8% down at 111.85 after the preliminary HSBC data shows that the PMI in manufacturing sector during May slipped to a 10-month low, triggering investor concerns over China’s economic growth. Fitch Ratings cut Greece's credit rating by three levels to B+, four levels below investment grade, from BB+, and S&P’s downgraded its outlook for Italy’s credit rating from stable to negative, both weighing down the euro and boosting the US dollar index. The US dollar index opened at 75.76 and closed at 75.69, down 0.92%. Weak economic data and stronger US dollar drove LME aluminum prices down. LME aluminum prices slipped all the way to a low of USD 2,465/mt after opening at USD 2,506/mt, and rallied slightly at the tail of trading, with...
Alcoa (NYSE:AA) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. [1] This is based on the company’s forecast that aluminum demand will grow at a compound average rate of 6.5% annually. Here we look at the key trends that lend support to these growth estimates by the world leader in production and management of primary aluminum, fabricated aluminum and alumina. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton (NYSE:BHP) and Chalco (NYSE:ACH). Our price estimate for Alcoa, at $18.55, implies a premium to market price. Rising Demand for Aluminum Can Be Attributed to the Properties of the Metal… Aluminum is lightweight, and using it in automobiles...
Future Aluminum market awaits several revolutions and reformations, regional shifts and technological changes that would lead to growth opportunities. New products and processes will appear on the world aluminum market. Due to the metal’s unique properties of being light, strong and reusable, aluminum is to remain in great demand which is expected to grow 12 per cent in 2011. The global value of the aluminium industry will reach $99.9bn this year and will shortly break the $100bn barrier. China and India are undergoing rapid industrialization. Demand from these countries is expected to increase its alumina and aluminum production capacity while lowering its operating costs. Detailed review and forecast on global, regional and country markets of aluminium can be found in the new market...
