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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In trading on Monday, shares of Noranda Aluminum Holding Corp (NYSE: NOR) crossed above their 200 day moving average of $10.59, changing hands as high as $10.78 per share. Noranda Aluminum Holding Corp shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of NOR shares, versus its 200 day moving average: Looking at the chart above, NOR’s low point in its 52 week range is $6.67 per share, with $17.82 as the 52 week high point — that compares with a last trade of $10.60.
The aluminum business has been in quite a rut as aluminum prices have fallen significantly from their 2011 highs. The recent announcement by China of prioritizing low inflation over growth hasn't helped either. The fact that the LME Aluminum Warehouse Stocks Level are at 5 year highs compounds the problem. This has caused aluminum producers to cut production. Alcoa (AA) expects that these factors "will result in a global aluminum industry deficit of 600,000 metric tons in 2012." Note, this will just eat into the inventory at a rate of just over 10% suggesting that the inventory has a long way to go to return to previous levels. With all of that in mind, the stock is fairly valued. However, if one expects aluminum prices to recover then the stock is a great buy. The trailing valuation...
The government–controlled aluminum company, National Aluminum Company Limited (NALCO) plans to invest Rs 23.43 billion ($478 million) next fiscal year, to increase capacity, reports Business Line. Citing the 2012-13 budget documents, the newspaper report says that the proposed investment represents a 76 percent increase in the capital expenditure budget as compared to the previous year. The story quotes a research report of the Parliamentary Standing Committee on Coal and Steel, stating that NALCO, based in the eastern Indian state of Orissa, has plans to invest Rs 579.03 billion ($11.8 billion) by 2020, mainly for establishing two aluminum smelters. The company plans to establish a 5-million-ton smelter in Indonesia, with a 1,250-MW power plant, with an investment of Rs 165 billion ($3.3...
Russian tycoon Oleg Deripaska is ready to buy RUSAL's (0486.HK) 25 percent blocking stake in Norilsk Nickel (GMKN.MM) to resolve a shareholder dispute at the world's largest aluminium producer, a source close to the RUSAL board said on Monday. Deripaska's gambit seeks a way out of a row with minority shareholder Viktor Vekselberg, who quit as RUSAL's chairman two weeks ago, saying the firm was in "deep crisis" and overburdened with debt. A buyout of the stake by Deripaska, RUSAL's chief executive and largest shareholder, at a price reported to be around $9 billion, is likely to be resisted by minorities and may not be possible to finance, bankers and analysts say. RUSAL bought the holding in Norilsk Nickel, the world's largest miner of nickel and palladium, for an estimated $14 billion at...
The recent tentative recovery in aluminium prices has stalled, as China increased its output of the lightweight metal. Smelters that were shut down last year to meet the country's energy consumption targets in its five-year plan have now been restarted. "Once again, Chinese aluminium producers have in one fell swoop managed to eradicate all the work done by other producers in cutting smelting capacity," said Nick Moore, a metals analyst at RBS. Three-month aluminium futures in the fourth quarter of last year slumped below $2,000 (£1,260) a tonne, "a level at which more than 50pc of world aluminium smelting capacity became unsustainably cash negative", added Mr Moore. Aluminium futures plunged to about $2,167 on Friday following the news from China. According to data from the International...
Century Aluminum Co (CENX.O) said on Friday it has resumed talks for a power deal with Appalachian Power, a unit of American Electric Power Co. Inc. (AEP.N), to supply its Ravenswood, West Virginia aluminum smelter as it moves closer to restarting the idled plant. The 170,000-tonne-a-year aluminum plant was shut in 2009 due to low demand for the metal and falling aluminum prices. AS the company moves forward with its plans to resume operations, its next steps are to negotiate an energy agreement and a labor contract with the local steelworkers union. "So, those are the next two things that we're working toward in order to restart," Century's spokeswoman said on Friday. On February 29, Monterey, California-based Century announced that it struck a deal with the United Steelworkers union to...
Building and engineering products group Alumasc has won a 10 million pound contract to supply roofing to a large aluminium smelter in Canada. The firm said the majority of the revenue and profit from the new contract was expected to come in its financial years ending 30 June 2013 and 30 June 2014. "It is very pleasing to report a further aluminium smelter related project win which was the result of Alumasc Armaseam's technical solution and which followed a rigorous evaluation over several months," said Chief Executive Paul Hooper. The win is good news for the firm but won't help its 2012 figures. In February the company said that margin pressures had overshadowed revenue growth in the half year to December 31st and that full year results would be "materially below previous expectations"....
Following a four-day loss, LME aluminum added USD 15/mt or 0.69% settling at USD 2,190/mt on Monday, after Fed President’s signal to maintain low interest rates dragged the US dollar index below 79. Transactions dropped to 7,805 lots, however, reflecting inadequate confidence. SMM expects LME aluminum to test support at the 5-day moving average and move between USD 2,160-2,200/mt during today’s trading. The most active SHFE aluminum contract for June delivery is also expected to test support at the 5-day moving average as it hovers between RMB 16,235-16,285/mt. Diverged sentiments of buyers and sellers will maintain spot discounts of RMB 10-50/mt over the SHFE current-month aluminum price. Trading will stay light.
Below are the three companies in the Aluminum industry with the lowest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.Century Aluminum ranks lowest with a forward earnings yield of 0.5%. Alumina is next with a forward earnings yield of 1.6%. Alcoa ranks third lowest with a forward earnings yield of 5.1%. Kaiser Aluminum follows with a forward earnings yield of 6.4%, and Noranda Aluminum rounds out the bottom five with a forward earnings yield of 8.0%. SmarTrend recommended that its subscribers protect gains by selling shares of Noranda Aluminum on March 8th,...
Though some traders covered their short positions mid-way through the trading session ahead of the weekend, analysts said the sentiment in the stock remains pessimistic. "Hindalco futures have seen traders adding short positions below the crucial level of Rs 132.50, especially indicated by a jump in its open interest to 2.79 crore units," Shshank Mehta, derivatives strategist at Shah Investor's Home. Mehta said traders also wrote Hindalco March calls at strikes 130 and 140, suggesting expectations of weakness in the stock. Analysts said the recent weakness in the stock has been partly because it is trading below its 200-day moving average since March 2. The stock's current 200 DMA is at Rs145, said AK Prabhakar, senior VP, Anand Rathi Financial Services. A breach below this level means...
The proposed agreement between Montenegro's Government and Deutsche Bank on the repayment of a 22 million loan granted to the Aluminium Plant Podgorica (KAP) does not define any new obligations for the plant, as the Russian partners claim, said the Minister of Economy Vladimir Kavaric. The Government has formulated a draft agreement with Deutsche Bank, which does not imply any new obligation for KAP, and we understand a refusal of the Russian partner to sign that document as a pressure, Kavaric said at a meeting of the parliamentary Committee for Economy, Finance and Budget.
Aluminium Bahrain B.S.C. (Alba)’s support for strengthening broader cultural and social tie between Bahrain and Pakistan was discussed during a visit by a 22-member delegation from Pakistan Navy to the Alba plant on Monday, March 19, 2012. The delegation was from the 41st Pakistan Navy Staff Course organised for senior naval officers at the Pakistan Navy War College, Lahore, Pakistan. The delegation was led by members of the faculty, Cdre. Ayaz Nabi Dar, Cdr. Jawad Ahmed, Cdr. M. Asghar Butt and Cdr. Tanveer Ahmed, and were accompanied by the Deputy Head of Mission at the Embassy of the Islamic Republic of Pakistan, Aurangzeb and other embassy officials. Investor & Public Relations Manager, Eline Hilal welcomed the delegation, Operational Excellence Manager, Mohd Shuja as well as the...
BHP Billiton aluminium boss Jon Dudas has left the company after 21 years because of what are understood to be health and safety issues at the miner's struggling aluminium unit. "BHP Billiton today announced that aluminium president Jon Dudas would be leaving the organisation," was all the company would say on the issue or Mr Dudas, who had reportedly been with BHP since 1991. The company would not comment on the specifics of the safety issues nor could the London-based Mr Dudas be contacted yesterday. Before taking over the aluminium business in April 2008, Mr Dudas was marketing director and chief commercial officer for BHP energy coal and chief information officer. He took up the reins just a month before the approval of the then $US1.9 billion ($1.83bn) Worsley alumina expansion,...
Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products, The Associated Press reports. Over the last month, the Global X Aluminum ETF (ALUM) has fallen roughly 7.36 percent. Five Star Equities examines the outlook for companies in the Aluminum industry and provides equity research on Century Aluminum Co. (NASDAQ: CENX) and Aluminum Corporation of China Limited (NYSE: ACH). Access to the full company reports can be found at: www.fivestarequities.com/CENX www.fivestarequities.com/ACH China last week reported its biggest trade deficit in at least 22 years as government data also showed the world's second-largest economy had the weakest January-February factory-production gain...
The manufacturing unit of the state-run National Aluminium Company Limited (NALCO) now faces a serious threat of being closed down on account of its inability to manage massive amounts of fly ash. In a letter addressed to B.L. Bagra, NALCO's chairman-cum-MD, the State Pollution Control Board (SPCB) said it will be forced to close down its 1,200 MW-capacity Captive Power Plant, critical for running a smelter unit at Angul in Odisha, unless the company takes up the disposal of fly ash on a war-footing. A company official said the letter contained a strong warning from the pollution regulatory agency. “Over the past three years, we have been expressing our grave concerns on the problem of ash management in your Captive Power Plant (CPP) at Angul. With the present options available with you,...
Physical aluminium premiums in Europe remain firm, with tight availability of duty-unpaid metal putting a floor under the market and maintaining duty-paid premium levels at around the $200/mt level plus LME cash, market sources said this week. "There is some demand but the problem is that duty-unpaid metal is disappearing. The insufficient supply of duty-unpaid has pushed duty-paid premiums up," said one European trader. "It seems that there's no fresh metal coming from overseas to Europe," he added, citing scarce availability of Russian and Canadian material.
China's increase in aluminium output for February is threatening to undermine production cutbacks made elsewhere in the global industry, RBS said in a research note Friday. "Once again Chinese aluminium producers have in one fell swoop managed to eradicate all the work done by other producers in cutting smelting capacity," the bank said. Three-months aluminium on the London Metal Exchange traded below $2,000/mt in the fourth quarter 2011, a level at which 50% of global capacity is estimated to be cash negative. This cost pressure saw a number of producers announce cutbacks. Alcoa announced it would close or curtail about 531,000 mt, or 12%, of its global aluminum smelting capacity. Norway-based Norsk Hydro said it intended to idle one potline at its Kurri Kurri primary aluminium smelter...
Mr Saleh Al Jasser CEO of The National Shipping Company of Saudi Arabia announced that the company has signed a contract with Qatar Aluminium Company QATALUM on March 21st 2012 to transport aluminium shipments from Qatar to the United States of America on each voyage of the company vessels for a period of one year with an option to extend it further by another year. The estimated value of the contract is SAR 50,625,000. It is also possible NSCSA will move other aluminum shipments for QATALUM from Qatar to Turkey and Italy. Prior signing this contract, the company already transported shipments of aluminium to USA as a trial basis. These shipments are moved from the Port of Mesaieed in Qatar to the port of Houston, Baltimore and Savannah in the USA. On August 11th 2011, NSCSA also signed a...
