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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NEW DELHI: The Prime Minister's Office (PMO) has asked for a review of Vedanta .s track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year. At 10:05 am, shares of Cairn India were trading 1.67% down at Rs 341 on the Bombay Stock Exchange. The PMO's direction came after Prime Minister Manmohan Singh received a communication from a former civil servant, EAS Sarma, who retired as a secretary to the government of India. Sarma questioned Vedanta's ability in the oil and gas sector and alleged that the company had a controversial track record in the mining and power sector. "Vedanta's track record so far in mining and power sectors has not...
Despite high inventory levels at the London Metal Exchange, aluminum has managed to outperform other base metals so far in 2011 as spot prices have climbed roughly 13%. Perhaps the most important driver of aluminum’s relative strength is higher oil prices, according to Kenrick Jordan, senior economist at BMO Capital Markets. “Given its high energy-intensity, rising oil prices pressure aluminum production costs,” he said in a research note.
...Shares of aluminum producer Alcoa Inc. (AA: News ) rose on Tuesday on speculation that mining giant Rio Tinto (RTNTF.OB,RIO: News ,RIO.L: News ,RTPPF.PK: News , RIO.AX) was planning a takeover bid for the company...
...Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis...
...Gulf International Investment Group Holdings Sdn Bhd headed by Malaysian entrepreneur Mr Tan Sri Syed Mokhtar Al Bukhary and UAE based business leader Mr Mohamed Alabbar has entered into JV agreement with Aluminum Corporation of China to develop USD 1.6bn aluminum smelting plant in the State of Sarawak of Malaysia. The JV agreement marks a new milestone following the execution of the Heads of Agreement for the joint venture in February 2010...
...BS reported that another Chinese engineer accused in the Vedanta controlled Balco chimney collapse in Korba district of Chhattisgarh can visit his home country but only for a few months. Following the petition of Korba police, the Supreme Court had asked the three Chinese Engineers working with China based Shandong Electric Power Construction Corporation not to leave the country. The three Chinese Engineers were accused in the collapse of under construction chimney at Vedanta controlled Bharat Aluminum Company Limited power plant in Korba that Sepco was building. The incident that took place on September 23rd 2009 claimed 41 lives...
...results are forecast to rise, primarily due to higher achieved prices across its commodity products, particularly iron ore, copper, aluminum and zinc. Volume growth in copper, aluminum and zinc also contribute to some of the company's profit growth. Analysts will seek an update on how Vedanta's purchase of a 70.4% stake in oil and gas explorer Cairn India (532792.BY) is proceeding. Analysts will also seek an update on the company's plans to IPO its Zambian copper business unit and on whether the company is closer to finding alternative mines in Orissa state to replace its proposed Niyamgiri bauxite mine, which was denied the necessary permits to begin development...
...Aluminium on the London Metal Exchange surged to $2,803 a tonne, its highest since August 2008, on expectations of higher prices because of rising electricity costs...
...Shares in US aluminium giant Alcoa jumped almost 4pc on Tuesday following market speculation that London-listed miner Rio Tinto was preparing a bid for the group...
...Reuters reported that Kaiser Aluminum Corporation posted Q1 profit that lagged analysts' estimates hurt by a sharp rise in aluminum and alloying costs...
...Commodity reported that MCX Aluminum traded higher evening at MCX following overseas market trends but a strong rupee kept the uptrend limited. Aluminium contract closed at INR 121.90 per Kilogram in last trade...
...Reportedly, Omen’s Sohar Aluminum has planned to pour USD 3 billion to double its production capacity. It’s known that the company’s current annual production is at around 370 thousand tons. The country’s lack of natural gas has hindered Sohar Aluminum to increase its production capacity previously. Thus, the new expansion plan will be executed with the premise that the government must ensure the sufficient supply of natural gas...
...Rusal plans to spend USD 155 million for a project to transfer production of the Irkutsk Aluminum Plant on technology Ecological Soderberg. According to the report, provides for the introduction of colloidal anode, construction of dry gas cleaning, improved design of electrolyzers, automated process control systems and automatic feeding of raw materials...
...Indian state-run National Aluminium Co Ltd (NALCO) has raised the domestic prices of its aluminium products by 4,000 rupees ($90) per tonne, except for rolled products, a senior company official said on Tuesday...
... SHFE 1107 aluminum contract prices soared to a high of RMB 16,880/mt after opening slightly higher at RMB 16,860/mt on Friday, but other base metals prices weakened, dampening upward momentum in SHFE aluminum prices and allowing SHFE 1107 aluminum contract prices to fluctuate narrowly around the 30-day moving average. ...
... SHFE aluminum prices opened slightly higher, ... SHFE aluminum prices fell following other base metals prices, with SHFE 1107 aluminum contract prices fluctuating narrowly around the 5-day moving average. SMM predicts SHFE 1107 aluminum contract prices will move between RMB 16,750-16,900/mt today.
...Aluminium Prices at MCX, May contract has shown some fresh buying sentiments in earlier week but, today it is trading with the mixed sentiments...
...Aluminium yesterday traded with the negative node and settled -0.2% down at 122.55 as speculators booked profits at existing higher levels due to sluggish demand...
