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....
The London Metal Exchange (LME) aluminium price chart reported declines on the November 10 trading session after a temporary surge at the November 9 close. Both near-term and longer-dated contracts posted over 1 per cent dip over the previous session. The LME aluminium cash bid as well as offer prices contracted 0.32 per cent day-on-day on November 10. The bid shifted from USD 3,145 per tonne to USD 3,135 per tonne. The offer price dipped from USD 3,147 per tonne to USD 3,137 per tonne. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid price reported a 1.11 per cent decline from USD 3,059 per tonne on November 9 to USD 3,025 per tonne on...
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United Co. Rusal (486)’s Chairman Barry Cheung, whose predecessor quit citing a “deep crisis” at the company, said the world’s biggest aluminum producer would study selling its stake in OAO GMK Norilsk Nickel at the right price. The departure of the billionaire former Chairman Victor Vekselberg, who wanted Rusal to sell its 25 percent holding in Norilsk, wouldn’t have a negative effect on the company, Cheung, who joined Rusal as a non-executive director in 2009 and took over as non-executive chairman on March 16, said in Hong Kong. “It’s a long-term strategic investment,” the new chairman said in an interview yesterday. “That’s not to say the stake is never for sale. If the price is sufficiently attractive, the board has the obligation to look at it.” Proposals by Vekselberg, a Rusal...
The National Aluminium Company Ltd. (Nalco) achieved the highest-ever bauxite production of 50.03 lakh tonnes in 2011-12, against the previous best of 48.79 lakh tonnes in 2009-10. The alumina refinery of the company produced 16.87 lakh tonnes of alumina hydrate. However, during the year, the metal production of the company slumped marginally from 4.44 lakh tonnes to 4.13 lakh tonnes. Nalco CMD B L Bagra said: "Besides coal shortage, the dwindling LME prices of metal, forced the company to cut down its production of metal to some extent." Nalso also recorded 415,916 tonnes of cast metal sale, against 438,952 tonnes the previous year. Moreover, the company achieved the alumina hydrate sale of 842,396 tonnes, against 681,917 in 2010-11. Aluminium export by the company stood at 98,399 tonnes...
Having sold large volumes of aluminum into China at the end of last year, Rio Tinto Alcan is now struggling to find metal to supply customers on a spot basis and is exacerbating a short-term squeeze in the Asian market, industry sources told Dow Jones Newswires Tuesday. The aluminum producer, a unit of U.K.-listed miner Rio Tinto PLC RIO -1.85% and one of the world's largest producers of the light metal, is fully covered on its long-term contracts but has no additional metal to offer to the spot market, traders and suppliers said. The absence of metal from such a large producer is helping drive premiums for physical delivery in Asia higher amid already tight supply, they added. Rio targeted China in the fourth quarter when the arbitrage window between the London Metal Exchange and the...
Century Aluminum Company (NASDAQ: CENX - News) will report first quarter 2012 earnings on Wednesday, April 25th after the close of market trading. The news release will be issued through Marketwire. The company will hold a follow-up conference call on Wednesday, April 25th at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Shelly Harrison (investors) 831-642-9357 Lindsey Berryhill (media) 831-642-9364
Rio Tinto struggling to find spot parcels of aluminum for Asian customers, market participants say -Shortfall comes after Rio targeted Asia during fourth quarter amid positive arbitrage -Tight spot market helps push premiums up, especially in Japan By Clementine Wallop Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Having sold large volumes of aluminum into China at the end of last year, Rio Tinto Alcan is now struggling to find metal to supply customers on a spot basis and is exacerbating a short-term squeeze in the Asian market, industry sources told Dow Jones Newswires Tuesday. The aluminum producer, a unit of U.K.-listed miner Rio Tinto PLC (RIO) and one of the world's largest producers of the light metal, is fully covered on its long-term contracts but has no additional metal to offer...
Aluminium plunged to 6-weeks low at MCX extending the weekly losses and stood near to the major support level of Rs 107.7 per kg. Huge short selling with 36% rise in its open interest to 4833 lots hammered the metal at domestic bourses MCX. Aluminium shed by 0.5% or Rs 0.55 to Rs 107.8 per kg with its high at Rs 108.75 per kg and low at Rs 107.7 per kg on Monday, 2nd April. Aluminium April contract stood below 9-day EMA with its RSI in oversold region at 18.8. At LME, Aluminium shed for the third consecutive day by 0.9% at $2121 per tonne on Monday. The huge rise in aluminium inventories that stood at 5076,925 tonnes, up 13575 tonnes led the metal to slump to its further lows. But, the recovery signals from China and US in its manufacturing activity pared huge losses in the metal....
Morris Technologies, Inc. (MTI), the global leader in additive metal manufacturing, now offers Aluminum 6061 for use on their EOS direct metal laser sintering (DMLS) machines. Aluminum 6061 is a general purpose alloy, and sees wide application in aerospace, transportation, consumer products, medical, and other industries. It demonstrates properties superior to casting aluminums. In development at MTI since January 2011, Aluminum 6061 was released with full T6 heat treatment properties in late March 2012. This material is precipitation hardened and heat treated to exceed the minimum requirement of the AMS standards for 6061-T6. It is comparable to typical commercial wrought properties. A material data sheet for 6061 is available at www.morristech.com. The introduction of Aluminum 6061-T6...
Despite better-than-expected manufacturing data from China and the US, a stagnating euro zone manufacturing sector, a surge of over 10,000 mt in LME aluminum stocks and much higher-than-expected bond yields for Spanish debt again ignited risk aversion, pushing up the US dollar index while pressing down LME aluminum to USD 2,087.5/mt, a new low since January 10, during its three-day drop as of Wednesday. The light metal may shed more losses in the near term given strong resistance above. The weakness of LME aluminum showed during the Qingming Festival will weigh on the Chinese aluminum market. SMM expects LME aluminum to test resistance at USD 2,100/mt and move between USD 2,070-2,120/mt during today’s trading. The most active SHFE aluminum contract for delivery in June is expected to...
India's National Aluminium Co Ltd (NALCO) said on Tuesday aluminium production fell 6.98 per cent in the 2011/12 fiscal year dragged by higher raw material costs due to a coal shortage and weak overseas prices. State-run NALCO, India's third-largest producer of aluminium, produced 413,000 tonnes of aluminium in the last fiscal year that ended on March 31, from 444,000 tonnes in 2010/11. "Besides coal shortage, the dwindling LME prices of the metal, forced the company to cut down its production of the metal to some extent," the company said in a statement. NALCO also said its cast metal sales in 2011/12 slumped to 415,916 tonnes, against 438,952 tonnes in the previous year. The company said it produced a record 5 million tonnes of bauxite in 2011/12 against the previous best of 4.88...
UK-based company to provide steel structure for Abu Dhabi smelter’s third potline UK-based William Hare Structural Engineers has won a contract to provide the steel structure for the expansion of Emirates Aluminium’s (Emal) smelter. The work forms part of Emal’s $4.5bn second-phase expansion project at the facility in Taweelah, Abu Dhabi, which is expected to be completed by the end of 2014. The project includes the addition of a third potline to increase the smelter’s aluminium capacity to 1.3 million tonnes a year (t/y) from 750,000 t/y. William Hare will fabricate the steel structure for the new potline using raw materials provided by Emirates Steel, according to an Emal statement.
Press Metal Bhd's (PMB) new aluminium smelting plant in Samalaju Industrial Park, Bintulu is the first factory to tap into electricity from the Bakun dam. Sarawak Energy Bhd (SEB) chief executive officer Torstein Dale Sjotveit said the 275kV transmission line linking SEB Samalaju's power station and PMB's new plant was “energised” last Thursday. “PMB is taking power this month,” he said when asked after SEB's wholly-owned subsidiary, Syarikat Sesco Bhd, signed its first collective agreement with its union here yesterday. Under the three-year agreement, some 2,700 union staff will get an average salary increase of at least 5%. Sjotveit said PMB was purchasing 480MW to power its new smelter which was on track to start commercial operation by June this year. The new smelter has a production...
Montenegro will pay back a 22 million-euro ($29.3 million) loan that Kombinat Aluminijuma Podgorica AD (KAPG), a unit of Russian billionaire Oleg Deripaska’s En+ Group, took out from Deutsche Bank AG (DBK) and failed to service. The German bank told the government late yesterday that it is activating a guarantee the state provided in 2009 when it backed the loan to the aluminum producer, the biggest industrial plant in the smallest former Yugoslav republic. Montenegro will use budget proceeds to satisfy the bank demands, the Finance Ministry said in an e-mailed statement today. Authorities asked the company’s Russian managers last month to acknowledge it can no longer service the loan, which would’ve shifted the liability to the state under the original loan conditions. The management...
Noranda Aluminum Holding (NYSE: NOR) was upgraded by Bank of America (NYSE: BAC) from a “neutral” rating to a “buy” rating in a research note issued on Monday. The analysts wrote, “[We] think the negative catalyst of private equity owner Apollo’s share sale has passed. NOR announced a $1.25/shr special dividend on Feb. 29 for shareholders of record on March 12. On March 13 Apollo announced plans to sell 10M shares with a greenshoe option of 1.5M, or ~25% of its stake. After the sale Apollo’s stake fell to 48.9%, below the 50% threshold for a “controlled company” under NYSE rules. We viewed the move as positive as it reduced an overhang on shares. We had downgraded NOR in anticipation of an Apollo sale.” Separately, analysts at Zacks upgraded shares of Noranda Aluminum Holding from an...
ABC cited Ms Heather Ridout the outgoing CEO of the Australian Industry Group as saying that tougher action must be taken over dumping cheap aluminium and steel in the country which is hurting manufacturers across the Hunter Valley. Ms Heather Ridout said that the dumping of subsidized aluminium from China has contributed to production cuts and job losses at the Kurri Kurri smelter. Australia should be complaining more to the World Trade Organization. The Americans seem to have a very well trod path to the WTO. She said that "In fact they've won a few cases, the Brazilians I think have taken about a hundred this year most of them against China. We're pussycats, we have the most open economy in the western world and yet we don't stick up for ourselves. That's one of the long arguments I've...
Bernama reported that the scrapping of the proposed MYR 7 billion aluminium smelting plant project in Similajau, near Bintulu will not affect the implementation of the Sarawak Corridor of Renewable Energy. Mr Tan Sri Abdul Taib Mahmud CM of Sarawak said that there were probably 2 other investors on the waiting list following the termination of the pact between Cahya Mata Sarawak, Rio Tinto Aluminium, Sdn Bhd and Sarawak Energy Bhd to construct the plant, located within the Score region. Mr Taib said that in fact, Sarawak is short of power for aluminium at the moment and can only accomodate one (project) at a time. So if this one JV is not on it does not matter. The Rio Tinto side had come to see him on the matter besides informing that the Australian mining giant had underwent some slight...
The newly appointed chairman of Russia's UC RUSAL, Barry Cheung, said it was not for him to broker a settlement between the aluminium giant's different shareholder factions. Cheung, an independent director of the company and head of the Hong Kong Mercantile Exchange, was elected last month to replace Viktor Vekselberg, who resigned over a disagreement with the management led by RUSAL's largest shareholder Oleg Deripaska over RUSAL's stake in Norilsk Nickel. "My job is not to solve the dispute among shareholders," Cheung told reporters in a briefing. Deripaska's holding company EN+ owns 47.4 percent of RUSAL - which competes with Alcoa and China's Chalco - and Vekselberg's Sual Partners has 15.8 percent of the firm. "My job is to ensure that RUSAL adheres to the highest standard of...
The end of Uzbek natural gas supplies to neighbour Tajikistan threatens to further weaken the poorest former Soviet economy as key aluminium and cement firms grapple to adapt. A planned output hike at aluminium company TALCO, the country's top export revenue earner, may have to be shelved while Tajik Cement is weighing a switch to domestically produced coal, industry officials said. "Natural gas supplies via the pipeline from Uzbekistan were halted at 00:00 on April 1," an official from state gas transport firm TajikTransGas told Reuters. The move had been flagged earlier by Uzbekistan, Tajikistan's sole supplier of natural gas, as it switches its export focus to growing demand in China. "Gas will be delivered (to China) in line with a contract signed by companies Uztransgaz and...
Jiaozuo Wanfang Aluminum Manufacturing and the Aluminum Corporation of China (Chalco) are to spend RMB2.85bn ($452,5M) on a coal/electricity aluminium smelter in Xinjiang Province’s Shanshan County. The money will be used by Chalco subsidiary Xinjiang Aluminum & Power Corp, which was set up in the northwest province in August last year. Jiaozuo will invest RMB1.014bn ($160.4M) and Chalco RMB1.884bn ($285.8M) holding 35% and 65% respectively. Xinjiang Aluminum & Power Corp is engaged in the production of bauxite, minerals, metallurgical products, carbon products and is involved in the power generation businesses. The capital injection will boost Chalco Xinjiang's registered capital to about RMB2.9bn ($460.5M). The proposed project will help ported to be able to help Jiaozuo Aluminum...
