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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Conglin Aluminium Co.,Ltd got the DET NORSKE VERITAS certification recently and became the only company who had passed this authentication in Longkou city. DNV has developed rules and standards for ships for more than 140 years, and is a world leading classification society. DNV's ship classification Rules are based on a wealth of experience accumulated during more than 140 years of history and extensive research and development programmes. Its classification services are performed through its global network of stations and approval center, by systematically trained and well qualified surveyors, approval engineers and experts, extensively supported by state-of-the-art IT technology. Conglin Aluminium submitted its certification application on June, 2011. The DNV certification will...
Rio Tinto may cut output at one of its Australian aluminum smelters which is losing money due to the strong Australian dollar, high production costs and weak aluminum prices, the global miner said. Workers at the Bell Bay aluminum smelter, part of the Pacific Aluminum business that Rio Tinto is looking to sell, are worried 600 jobs could be lost, however the company said no decision had been made to axe jobs or shut the smelter. "The aluminum sector in Australia is facing tough market conditions in the form of a high exchange rate, higher costs of production and low aluminum prices," the general manager of the Bell Bay Aluminum smelter, Ray Mostogl, said. Some potlines could be closed while conditions remain tough, but the company declined to confirm a report in the Australian Financial...
Traded prices of spot aluminum in Shanghai were between RMB 15,900-15,930mt on Monday, with discounts of RMB 90-120/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,000-16,020/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,900-15,930/mt. SHFE aluminum prices fluctuated down, with the SHFE current-month aluminum price struggling around the RMB 16,000/mt mark. Consumption in spot aluminum markets remained weak, leaving spot discounts over the SHFE current-month aluminum price stabilizing at around RMB 100/mt. Although some traders were not willing to move goods at low prices, goods supply in the market was sufficient, leaving limited transactions done.
Sterlite Industries has offered Rs 16,000 crore to buy out government’s stake in Hindustan Zinc and Balco, almost a decade after Anil Agarwal-led firm acquired majority holding in zinc and aluminium producers. The offer was made in January but Vedanta Resources, the parent company of Sterlite, is yet to hear from the government, group Chairman Anil Agarwal told PTI. “Government had asked us, if we will be interested to take its stakes in HZL and Balco. We answered in the affirmative. As per the prevailing market price in January, we have offered Rs 16,000 crore for buying stakes,” he said. When asked for a projected time-line for completion of the deals, Chairman of the USD 70 billion metals and mining major said, “This is not in my hand. It is up to the government.” Vedanta’s offer has...
(China Aluminium Network) Chinalco’s Aluminium Enterprise Marketing Meeting was hosted in Southwest Aluminium. Vice president of Chinalco Jiang Ying attended the meeting. The meeting discussed the current market situation and account receivable management. Marketing executives of Chinalco’s 8 subsidiary companies attended the meeting. This meeting was a further implementation of Chinalco’s spirit. It is also necessary to Chinalco’s further development. The meeting pointed out that all the subsidiary companies should make efforts to guarantee the sales in this year.
Two aluminum buyers in Japan have agreed second-quarter premiums to be paid to producers of $115 per tonne, slightly higher than for the current quarter, while most other Japanese firms are still negotiating for lower premiums, two sources directly involved in the matter said. The agreed figure is sharply below Rio Tinto Alcan's initial request for $132, and suggests there is not yet a recovery in Japanese demand that Australian and U.S. aluminum producers have been hoping for to drive a rise in the premium. Aluminum spot market premiums were rising both in Europe and the United States at the start of the year, underpinned by a healthy demand outlook and smelter shutdowns. Three-month futures price on the London Metal Exchange have risen more than 15 percent this year. The two Japanese...
India's state-run National Aluminum Co Ltd (NALCO) raised prices by 1,500 rupees ($30.5) per tonne for all products, said Ansuman Das, commercial director at the metal producer. It raised prices in tandem with overseas markets, he told Reuters. The basic price of standard aluminum ingots after the latest revision increased to 142,200 rupees per tonne. NALCO had last month offered a discount of 1,500 rupees per tonne on major categories of its aluminum products, which was effective until Feb. 29.
Vedanta Aluminium Ltd's (VAL) plans to expand the capacity of its unit in Lanjigarh in Orissa is likely to face further delay with the Government asking the company to seek fresh public consent, as part of the new terms it has to meet to get the environment clearance. VAL, a subsidiary of the newly announced, Anil Aggarwal-controlled Sesa Sterlite, has been facing delay in completing the expansion of the Orissa unit from the present one million tonnes to five million tonnes due to environment clearance. Confirming that the company had received the new terms of reference for environment clearance from the Ministry of Environment, Mr S.K. Roongta, Managing Director, said “We are working on the new terms that relate to some technical and environmental details.” He was unwilling to give a...
This report presents a clear picture about the overall development of aluminium smelting market in China and the trend in recent years based on detailed data analysis. This report includes the analysis on the aluminium smelting market size and market share in China, the study on major hot areas in this market, introduction of key data and the comparison of top 10 enterprises in terms of sales revenue and market share, the detailed description of the import and export... This report covers following sections: - Market Size Based on our China Market Size Formula, by the analysis on market size, industry sales revenue and domestic output in 2008 - 2010, this report presents a picture of the real development of China market and changes in the overall market size. - Hot Areas Based on the...
Canning Conveyor, bulk materials handling plant & equipment specialist has recently supplied two conveyor belt reeling stations to Senet in South Africa for their client Emirates Aluminium (EMAL) for a project near Abu Dhabi City. Worksop, United Kingdom – EMAL is a state-of-the-art aluminium smelter complex contributing to the diversification and industrialization of the UAE economy by supplying the world with high quality metal, for the benefit of present and future generations. An important strategic initiative for Abu Dhabi, Dubai and the UAE, EMAL is a key component of Abu Dhabi’s diversification and industrialisation The aluminium complex is being built in two phases on a 6 square kilometre site in the Khalifa Port and Industrial Zone in Al Taweelah, half way between Abu Dhabi and...
Vedanta Aluminium Ltd has sought a level playing field by seeking a waiver on public hearings on grounds that they were conducted twice - in 2003 and 2009 - to build the refinery and smelter. The union ministry for environment and forest had early last month asked the Anil Agarwal-owned company to seek public consent afresh in Odisha's Kalahandi district as a precursor to getting environmental clearance for expanding its alumina refinery and power plant, which had been stalled for two years. In a letter to the member secretary, State Pollution Control Board (SPCB), president and chief operating officer (COO) of VAL's Lanjigarh project, Mukesh Kumar, made it clear that since the Board had issued the consent on February 16, 2010, and there was no change in the site or project of capacity,...
LME three-month aluminum hit a high of USD 2,356/mt on Wednesday supported by European Central Bank’s capital injection and better-than-expected US economic data. The metal dropped below the USD 2,300/mt mark later, as Fed president Bernanke implied no more quantitative easing in the near term to send the US dollar index up 0.9%. Bargain hunting at the tail of trading helped the light metal pare losses to USD 2/mt or 0.03% to finally close at USD 2,325/mt. Today’s market focus will be China’s February PMI which is expected to be higher than in January and consequently help slow losses in aluminum prices. As such, LME three-month aluminum is expected to test support at USD 2,300/mt and move between USD 2,300-2,350/mt during today’s trading. The most active SHFE three-month aluminum...
LME aluminium will fall to $2,256.75 per tonne, as it has broken a support at $2,306.25. The break has confirmed the completion of a five-wave cycle on the preceding rise from the Feb. 17 low of $2,150 to $2,356. A further drop from the current level is highly anticipated because the bearish divergence on the hourly RSI indicator suggests the metal has become extremely vulnerable to the bears' attack. The trough of the wave "4" at $2,256.75 will be the immediate target. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
Century Aluminum hopes to restart a West Virginia plant this year. Century CEO Michael Bless says conditions are favorable to restart the Ravenswood plant. He cites discussions with union, state, utility and regulatory representatives and recent improvements in the aluminum market outlook. The Charleston Daily Mail reports that Bless discussed the plant Thursday during a conference call with shareholders and industry analysts. He says reopening the plant is a top priority for 2012. Century Aluminum closed the plant in 2009 and laid off more than 600 workers. The company ended health care benefits for retirees in December 2010. Bless says it would cost $70 million to restart the plant this year.
Aluminium yesterday traded with the positive node and settled 0.76% up at 112.4 as following the G20 failure to reach an agreement on euro zone aid and the drop of New York crude from a recent high, LME three-month aluminum closed down slightly by USD 3.3/mt or 0.14% at USD 2,318/mt on Monday. The metal only hit USD 2,339/mt with the help of better than expected US pending home sales data for January. With a slightly bearish market sentiment, LME three-month aluminum is expected to move between USD 2,280-2,330/mt during today’s trading as it struggles at USD 2,300/mt. Macro economic news was mixed during the day. German parliament approved a second Greek bailout, and the US released better than expected pending home sales and February Dallas Federal Reserve manufacturing activity. Market...
Aluminium yesterday traded with the negative node and settled -0.27% down at 112.1 tracking LME three-month aluminum ended positively for a seventh consecutive trading day on Tuesday, closing USD 9/mt or 0.39% higher at USD 2,327/mt as positive expectations for ECB refinancing operation and improving US consumer confidence in February beat a contraction in US durable goods orders in January. Investors will stay cautious before release of the ECB refinancing plan and China’s PMI data, which may help LME three-month aluminum consolidate support at USD 2,300/mt. The moving band is expected to be USD 2,300-2,350/mt. Transactions improved in global major base metal markets on Tuesday as the US Richmond Fed Manufacturing Index and Conference Board Consumer Confidence Index were both better than...
Century Aluminum and its retirees forged an "agreement in principle" that restores some retiree health care benefits and removes a key hurdle to restarting the Ravenswood plant. Retirees were set to announce the news at a 6:30 p.m. press event at the entrance to Century's Ravenswood plant Wednesday. Century closed the plant during the height of the economic downturn in 2009, leaving more than 650 people jobless. Citing the need to control costs should the plant be reactivated, Century ended health care coverage for Medicare-eligible retirees in 2010. Early retirees between the ages of 55 and 65 lost their coverage in 2011. Retirees have been fighting to get it back ever since. Gov. Earl Ray Tomblin and other state and congressional leaders have been adamant in recent months that any talks...
Traded prices of spot aluminum in Shanghai were between RMB 15,880-15,910/mt on Wednesday, with discounts of RMB 130-160/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,980-16,020/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,880-15,910/mt. On the last trading day in February, cash flow was relatively tight, depressing trading sentiments of both sellers and buyers. Combined with the falling SHFE aluminum prices, low end prices for spot aluminum moved down slightly to RMB 15,880/mt. Transactions did not improve with sufficient goods supply and low buying interest.
