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....
Grow with
AL Circle
Primary Aluminium surplus stood at 252000 tonnes in Jan-Mar 2011 as per the latest report from World Bureau of Metal Statistics (WBMS). The primary Aluminium markets were in surplus of 348000 tonnes in Jan-Mar 2010. Aluminum stockpiles dropped for a tenth week, shrinking 8,523 tons to 356,646 tons, the lowest since February 2010, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces. Aluminium has touched a low of Rs 112.55 a kg after opening at Rs 112.65, and last traded at Rs112.75. For today market is looking for the support at 112.6, a break below could see a test of 112.5 and where as resistance is now likely to be seen at 112.9, a move above could see prices testing 113.
According to provisional figures from the International Aluminum Institute, daily average primary aluminum output in April rose to 70,400 tonnes from 69,800 tonnes in March. Total production in April was 2.112 million tonnes compared with 2.163 million tonnes in March and 1.983 million in April 2010. Daily average primary aluminum output in China rose to 48,400 tonnes in April compared with 45,600 tonnes in March. Primary aluminum production in China rose to 1.451 million tonnes in April from 1.415 million tonnes in March.
CRU's World Aluminium Conference provides a complete assessment of the aluminium supply chain, with unrivalled global analysis and networking. There is a great deal of positive sentiment in the aluminium industry at the moment. Demand performance in 2010 and growth projections for 2011 and 2012 are all higher than previous estimates. Favourable power contracts and high LME prices are underpinning confidence and there have been fewer smelter closures and more smelter re-starts than previously expected. Nonetheless, in spite of the positive outlook there are a number of challenges and uncertainties. The disconnect between inventory and price, the implications posed by developments in the Middle East, and macroeconomic policy in Europe and North America are all high on the agenda. CRU's...
China’s stocks fell for a fourth day on concern government measures to cool inflation are slowing the world’s second-biggest economy. PetroChina Co., the nation’s biggest oil company, lost 1.9 percent after Goldman Sachs Group Inc. cut China’s economic growth estimates. Industrial and Commercial Bank of China Ltd. led declines for lenders after the Securities Times cited investors as saying the central bank may further boost banks’ reserve requirement ratios. China Gezhouba Group Co., which has hydroelectric power projects, rose 2.4 percent as Xinhua News Agency reported China will boost water conservation efforts. “Investors are concerned about the pace of economic growth after so many measures to cool the economy and the debt crisis in Europe,” said Sun Chao, an analyst at Citic...
The National Aluminum Company, in its bid to foray into steel and ferro alloys making will soon submit detailed project reports for acquisition of stakes in Idcol Kalinga Iron Works and Idcol Ferro chrome Alloys the two Orissa based units owned by state owned IDCOL. Nalco has evinced interest to be a strategic partner in the modernization and expansion of IKIWL and IFCAL following a proposal from IDCOL for disinvestment of 51% of its stake. The state government in September 2010 had asked IDCOL to negotiate with Central PSUs like Steel Authority of India, Rashtria Ispat Nigam and Nalco for disinvestment of stakes in the two units. The mandate was to scout for a partner for the revival of the two units.
Aluminium prices should not drop much, Alcoa (AA.N) chief executive Klaus Kleinfeld told a German Sunday paper, giving an upbeat outlook for business at the largest U.S. aluminium producer. Asked by Welt am Sonntag about prospects for higher prices and good business conditions, the German executive said: "At least prices won't lurch lower, so I am optimistic about developments in the years ahead". Alcoa last month posted first-quarter profit that beat estimates, but revenue missed forecasts.
Reuters reported that Russia's UC RUSAL might cut its 2011 metal output forecast by less than 0.5% this year due to supply problems at two Siberian smelters. The company said that in connection with the collapse of the railway bridge over the Abakan River in Khakas region that was used to deliver raw materials to Sayanogorsk and Khakas aluminum smelters. The company decided to reduce production at both smelters. The volume of the production reduced is expected to near 20,000 tonnes, which the company will seek to reallocate to other smelters. It said that after the bridge collapsed on May 7, the smelters started to use trucks to transport raw material until the recovery of rail transport. This means of supply proved to be insufficient and RUSAL decided to cut temporarily output at both...
Bangladeshi Thai Aluminium Ltd yesterday sued stock-scam probe team chief Khandaker Ibrahim Khaled claiming Tk 100 crore compensation for publishing “false” and “fabricated” statement about the company. This is the second legal step of the company against him. After hearing the complaint, Judge Al Shams Joglul Hossain of the Fourth Joint District Judge's Court issued summons upon Ibrahim Khaled to appear before it on July 20 and explain. Lawyer Abdus Selim Miah, law officer of the company, filed the case with the court on behalf of the company. In the complaint, Selim said after submitting the probe report to the finance minister on April 7, Ibrahim told the media that they found that Bangladesh Thai Aluminium Ltd siphoned off or took away Tk 15 crore from the share market. The report...
Aluminum users in the United States are feeling the pinch from tight availability, but idled smelters there will not be lured out of semi-retirement while stocks of the metal climb and it can be produced more cheaply elsewhere. U.S. Midwest spot aluminum premiums -- which reflect how tight domestic supplies are -- shot to record highs close to 10 cents a lb earlier this month, fueled by strong domestic demand and bottlenecks at North American warehouses. They have eased somewhat since, but are expected to rise again. Further significant restarts of the country's aging, high-cost smelters are not justified while already vast inventories of the metal are on the rise again. Stocks of aluminum -- used in transport and packaging -- in London Metal Exchange (LME) warehouses hit a record high...
Rapid industralisation in China and India is fueling a positive outlook for aluminum and aluminum prices with the US-owned Alcoa, which operates Suriname Aluminum Company, LLC (Suralco), bauxite mining company and refinery, is set to benefit on short and mid-long term. "We are also optimistic about Alcoa's long-term growth projects in China, Australia, Jamaica, Suriname and Brazil. Demand from these countries is expected to increase its alumina and aluminum production capacity while lowering its operating costs," Zacks Investment Research said on Tuesday. "Alcoa has a positive outlook for the rest of 2011 and expects global aluminum demand to grow 12 per cent in 2011," Zacks said. "Alcoa reported first-quarter 2011 earnings per share of US$0.28, which was a penny ahead of the Zacks...
May 20, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Noranda Aluminum (NYSE:NOR) is one of today's notable stocks in decline, down 2.4% to $14.00. The S&P is currently trading 0.7% lower to 1,335 and the Dow Jones Industrial Average is trading 0.7% lower to 12,522. Noranda Aluminum is in SmarTrend's Aluminum industry and this industry is currently in an Uptrend according to our research. We are monitoring many other stocks on the move within this industry. In the last five trading sessions, the 50-day MA has fallen 0.39% while the 200-day MA has risen 1%. In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $5.87 and a high of $17.82 and are now at $14.00, which is 139% above that low price. SmarTrend is monitoring the recent change of momentum in Noranda...
Dubai Aluminum Company Limited flew its corporate flag high at Aluminium Dubai 2011, the specialist regional trade exhibition that took place at World Trade Centre of Dubai from Mr 9th to 11th 2011. As the Platinum Sponsor of the event, Dubal enjoyed a strong brand presence throughout the venue and was privileged that the company's vice chairman, Mr HE Ahmed Humaid Al Tayer officiated at the formal opening ceremony. Since its inception in 1979, Dubal has been widely acknowledged as the industrial flagship of the UAE in recognition of its direct and indirect financial contributions; an active proponent of the Middle East as a major aluminum producing hub and a leading player in the global aluminium industry. Today, the entirely state owned enterprise owns and operates a one million metric...
Recent increases in LME aluminium warehouse stocks have deflated the backwardation that was in the market, says MF Global. Backwardation is a condition in commodities markets where nearby prices are more expensive than deferred and is generally seen as a sign of supply tightness. “It seems that the rapid rate of LME stock increases has ended, at least for today, with stocks only up by 1,300 tons overnight,” says analyst Edward Meir. “However, it seems the cumulative increase we have seen this past week (some 120,000 tons all in all) has been enough to deflate the backwardation, as least judging by where things are today. Latest quotes are showing cash to three’s now at an $11 contango, down from level yesterday, while cash to June is at $1 back, down from $40 back earlier in the week. It...
The world's top aluminium producer, Russia's UC RUSAL (0486.HK: Quote), said on Thursday it might cut its 2011 metal output forecast by less than 0.5 percent this year due to supply problems at two Siberian smelters. "In connection with the collapse of the railway bridge over the Abakan River in Khakas region that was used to deliver... raw materials to Sayanogorsk and Khakas aluminium smelters, the company decided to reduce production at both smelters," it said in a statement. "The volume of the production reduced is expected to near 20,000 tonnes, which the company will seek to reallocate to other smelters." It said that after the bridge collapsed on May 7, the smelters started to use trucks to transport raw material until the recovery of rail transport. This means of supply proved to...
HONG KONG May 19 (Reuters) - China may cut tax rebates on exports of aluminium profiles to 9 percent in June or July but leave the rebate unchanged on plate aluminium, the most active semi-finished aluminium product export, industry sources said on Thursday. Exports of aluminium profiles, used in the construction sector, and plate, used in the manufacture of industrial products, are currently subject to a 13 percent tax rebate. An aluminium smelter source said he believed Beijing would cut rebates on profiles as it was a low-end product compared with other aluminium semis. Profiles are typically produced by smaller, private fabricators. Beijing increased rebates on profiles to 13 percent after the global financial crisis reduced demand for the Chinese product in 2009. Rebates in China are...
HONG KONG May 19 (Reuters) - China may cut tax rebates on exports of aluminium profiles to 9 percent in June or July but leave the rebate unchanged on plate aluminium, the most active semi-finished aluminium product export, industry sources said on Thursday. Exports of aluminium profiles, used in the construction sector, and plate, used in the manufacture of industrial products, are currently subject to a 13 percent tax rebate. An aluminium smelter source said he believed Beijing would cut rebates on profiles as it was a low-end product compared with other aluminium semis. Profiles are typically produced by smaller, private fabricators. Beijing increased rebates on profiles to 13 percent after the global financial crisis reduced demand for the Chinese product in 2009. Rebates in China are...
Primary Aluminium surplus stood at 252000 tonnes in Jan-Mar 2011 as per the latest report from World Bureau Of Metal Statistics (WBMS). The primary Aluminium markets were in surplus of 348000 tonnes in Jan-Mar 2010. For the full year 2010 surplus of primary Aluminium was 735000 tonnes. Demand for primary aluminium in the first quarter of 2011 was 10.07 million tonnes, 360000 tonnes or 2.7% more then the equivalent total 2010. On the other hand, Aluminium production in January to March rose by 264000 tonnes, or 2.6% following on from a 3.6 million ton increase over the whole of 2010. In March 2011, primary aluminium production was 3579.5 kt and consumption was 3555.6 kt. China remained a major producer of Aluminium with output of 4036000 tonnes comparing 39% of total world production. At...
Stockholm – Atlas Copco has received two orders totaling $50m, related to the Ma’aden aluminum project in Saudi Arabia. Atlas Copco will supply 20 turbo compressors for a power generation application in a new plant outside of Jubail. The customer is a consortium of the Al-Arrab contracting company and Sepco III Electric Construction Corp. of China. The combined 2,400MW power and desalination plant will provide power, steam and water for the aluminum smelter being constructed by the Ma’aden Saudi Arabian Mining Co. Earlier this year Atlas Copco won a turnkey contract to supply the complete compressed air system for the Ma’aden aluminum smelter and will deliver five of its largest oil-free air compressors as well as two smaller compressors and dryers. The power generation order was booked...
