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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HUNDREDS of workers at Northumberland’s biggest private sector employer are set to leave in three months’ time as detailed discussions on its planned closure near completion. A formal consultation on the proposed shutdown of the 512-job Rio Tinto Alcan aluminium smelter at Lynemouth ends next week. With no potential saviour having come forward for the plant, it is expected that a closure programme will now be confirmed and the vast majority of the workforce given 12 weeks’ notice. The Lynemouth casting house is expected to continue operating – possibly until the end of this year and with a much-reduced staffing level – to fulfil existing commitments to customers, and the carbon plant will be mothballed rather than immediately de-commissioned. Yesterday Keir Howe, regional officer with the...
Even though stabilized US new unemployment claims and climbing crude prices provided support, European Commission’s pessimistic economic forecasts, which expect euro zone GDP to contract 0.3% and EU GDP to see zero growth in 2012, still induced USD 3.8/mt or 0.16% of loss in the LME three-month aluminum contract on Thursday. The metal closed the trading day at USD 2,274/mt. SMM expects LME three-month aluminum to stay between USD 2,250-2,290/mt during today’s trading. The most active SHFE three-month aluminum contract is expected to move between RMB 16,200-16,270/mt. Spot discounts over the SHFE current-month aluminum contract are expected to be RMB 130-180/mt but deals will be limited due to slight supply excessiveness.
Noranda Aluminum Holding Corporation (NYSE: NOR - News) announced today that its Board of Directors has approved plans to pursue a debt refinancing of the Company’s senior secured credit facility, including both its term loan and revolving credit facility. The refinancing is expected to result in two new senior secured credit facilities in an aggregate amount of approximately $550 million, comprised of a term loan in an amount of approximately $300 million, and an asset-based revolving credit facility in an amount of approximately $250 million, which is anticipated to be undrawn at closing. The proceeds of the refinancing are anticipated to be used for repayment of amounts outstanding under Noranda’s Term Loan B, a tender offer for a portion of Noranda’s outstanding Senior Floating Rate...
Today, the Aluminum Association released the North America Aluminum Industry Plant Directory covering the 464 known North American facilities (excluding foundries) known to be in operation as of December 31st, 2011. This directory is the most recent update to a decade-old directory, last published in 2001. The directory covers 377 aluminum plants in the United States of America, 54 plants in Canada and 33 plants in Mexico. The directory provides company name, facility location, products and contact information, where available, and includes phone number, fax and website. The directory is divided into sections: organized alphabetically, by location, and by mill product. The download cost of North America Aluminum Industry Plant Directory is $50 for Aluminum Association members and $100 for...
The Vedanta Resources group may merge iron ore firm Sesa Goa with copper and aluminium maker Sterlite Industries as it tries to simplify a complex corporate structure and deal with challenges to its main businesses. The exercise, which is still on the drawing board, will create agiant metals and mining firm with the third-biggest profit in the private sector after ONGC and Reliance Industries. It will have a combined market cap ofRs 66,000 crore, or about $14 billion, more than double that of Sterlite's nearest rival Hindalco Industries. The merged entity would straddle across all major resources, including oil, iron ore, aluminum, copper, zinc and lead, and will make Sterlite's parent, Vedanta Resources, owner of the entire shareholding of recently-acquired Cairn India. "Vedanta's stated...
Not a lot of companies can say what Alumina Limited (ADR) (NYSE:AWC) said about its full-year profit for the year ended Dec 31 ’11: Its profit tripled. Alumina is an Australia-based company and through its 40% ownership of Alcoa World Alumina and Chemicals (The Company’s partner, Alcoa, owns the remaining 60% of AWAC) and the AWC subsidiaries and refineries in the U.S., Brazil, Suriname, Jamaica, Spain, and Australia, the Company’s output climbed to a new record. That had a direct reflection on its net income for the year which was $127 million, or $0.052 a share vs. $35 million or $0.014 a year earlier. In a Feb 15 earnings call CEO John Bevan said, “The Company plans to produce 15.9 million tons of alumina this year after a record production of 15.7 million tons in 2011. The 2012 target...
Alcoa Inc and China Power Investment Corp (CPI) said on Tuesday they agreed to establish a joint venture company to produce high-end fabricated aluminum products for the Chinese market. Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld and CPI President Lu Qizhou signed the agreement in Beijing to set up Alcoa CPI (China) Aluminum Investment Co. Ltd, which will be majority owned and managed by the U.S. aluminum producer and based in Shanghai. "This alliance will enhance Alcoa`s competitiveness and further position our businesses for continued profitable growth," said Kleinfeld. The joint venture company will serve as a leading manufacturer of high-end fabricated aluminum products for the aerospace, automotive, commercial transportation, consumer electronics and packaging markets...
Alcoa (and the rest of the world) have been waiting for the Chinese to curtail aluminum smelter capacity in the face of weak prices and the high cost of power and raw materials, but the Chinese continue to confound expectations and, as a recent Reuters report underlines, continue to add new capacity. “2012's output (in China) would rise at least 10.5% from 2011,” Li Dongguang, president of the Chinalco trading unit of Aluminum Corp. of China, is reported as saying. Global output, including China’s, would rise 7 percent to 48.8 million tons in 2012 from 2011 as capacity in China, the Middle East and India rises — even if some plants that rely on expensive energy supply may cut production, should world aluminum prices fall. Meanwhile, demand is expected to rise by only 6.6 percent in China,...
In order to enhance technical quality administration the Technical Division of company issued the national standard of defected series wrought aluminum and aluminum alloy ingots and processed products. This national standard ruled the definition and characteristics of defected wrought aluminum and aluminum alloy ingots and processed products. Also analyzed main generated reasons and appliable judgements. The company required relative units and persons should learn in time. To combine existing product defects in production analyze the main generated reasons, formulate corrective and preventive measures, improve products quality further, enhance company’s economic performance.
United Co. Rusal, the world’s largest aluminum producer, led declines in the Moscow-based Micex Index as aluminum futures fell for a second day in Shanghai. Rusal’s Russian depository receipts dropped 4.1 percent, the biggest intraday decline since Dec. 16, to 247.41 rubles by 12:24 p.m. in Moscow. The stock has gained about 26 percent this year. Shares in the aluminum producer controlled by billionaire Oleg Deripaska fell 4 percent today to HK$6.45 in in Hong Kong.
Buoyed by a firming trend in base metals at the London Metal Exchange (LME), aluminium prices rose by 0.28% to Rs 106.30 per kg in the futures market today. At the Multi Commodity Exchange, the February contract rose by 30 paise, or 0.28%, to Rs 106.30 per kg, with a business volume of 229 lots. The March contract prices rose by 20 paise, or 0.19% to Rs 107.85 per kg in a turnover of 38 lots. Globally, aluminum rose by 0.9% to $2,199.50 per tonne in early trade today at the LME. Analysts said besides strength in the base metals pack at the LME after euro zone finance ministers reached an agreement on a second bailout plan for Greece, rising demand at spot markets also supported the rise in aluminium futures prices.
LME three-month aluminum firstly dipped to a low of USD 2,243/mt but closed USD 27.5/mt or 1.22% higher at USD 2,243/mt on Wednesday, supported by climbing oil prices due to the Iran issue, strong US home sales data and a return of LME cancelled warrants to above 30% of total. SMM expects LME three-month aluminum to test support at USD 2,250/mt and move between USD 2,245-2,290/mt during today’s trading. SHFE three-month aluminum is expected to move between RMB 16,200-16,280/mt as it struggles near the 30-day moving average. Spot discounts over the SHFE current-month aluminum price are expected to stay between RMB 100-150/mt due to weak demand and high stocks. Light trading is expected to remain predominant in the spot market in the foreseeable future.
Chinalco Southwest Aluminium was awarded “Chongqing Advanced Internal Audit Group” by the Chongqing Municipal Human resources and Social Security Bureau and Chongqing Auditing Bureau recently. In recent years, Chinalco Southwest Aluminium has been paying much attention to improve its auditing ability and quality. Closely around its management objectives, the company seriously carries out its auditing supervision and evaluation to establish a self-restricting mechanism.
ALCOA has denied any exodus of workers from Point Henry to a new aluminium smelter and rolling mill in Saudi Arabia, with just one Geelong manager joining the project. A total of seven managers and supervisors from Alcoa's Victorian operations will help set up the smelting, rolling and refining operation in a joint venture between Saudi Arabian mining company Ma'aden and Alcoa. It comes as Alcoa conducts a review of the future viability of the Point Henry smelter and the jobs of 600 Geelong-based workers, citing falling aluminium prices, a high Australian dollar and rising input costs. The Herald Sun reported Point Henry workers were being offered lucrative pay deals to relocate to the Middle East. But an Alcoa spokeswoman said the Middle East job openings had no connection to the Point...
ALCOA is offering workers at its Geelong plant massive pay packets to help set up a new cut-price smelter in Saudi Arabia. It comes as the multinational is reviewing the viability of its Point Henry plant, and the jobs of the 600 workers there, with a final decision on whether it will close due in June. Alcoa has been in talks with Premier Ted Baillieu and Federal Climate Change Minister Greg Combet about the plant. The metals giant is offering up to $163,200 a year tax-free pay, $27,500 a year travel expenses plus free accommodation to help set up the Ras al Khair smelter in Saudi Arabia. Workers would take home more than $3100 a week, before the travel perks, compared with $1400 a week at Geelong after tax. Alcoa has promised the new Saudi Arabian smelter will be the world's cheapest...
Aluminium Bahrain (Alba) recorded a net income of $564 million for 2011, up by 53 per cent compared to $368 million in 2010. The aluminium giant’s sales reached $2.349 billion in 2011 compared to $1.997 billion in 2010, a statement issued after a meeting of the company’s board today said. Commenting on the full-year results, Alba’s chief executive Laurent Schmitt said: “Alba’s sound financial performance for 2011 was underpinned by sustained growth, enhanced productivity and higher profits thanks to our Continuous Improvement Program which was ahead of our target.” Despite the social challenges faced in early 2011 coupled with some exceptional one-time costs as well as the decline of LME prices in the latter quarter of the year, Alba showed strong resilience reflected in its healthy...
Total world aluminum output fell 2.2% on-month in January following a decline in production in Africa, North America and West Europe, the International Aluminium Institute said Monday. Primary aluminum production dropped to 2.140 million metric tons from a revised 2.189 million tons in December, the IAI said. Output was, however, up 0.1% compared with January 2011, when production stood at 2.137 million tons. Daily output last month averaged 69,000 tons, down from 70,600 tons in December.
January 2012 service center shipments continued to grow on YoY basis in both the US and Canada. In the US, steel shipments grew at 9.0% and growth in aluminum shipments was just over 10% In Canada steel shipments were up almost 3.0% year over year and aluminum shipments grew by over 16% from January 2011. US Service Center Activity; 133.6 thousand tons of aluminum products were shipped by US Service Centers in January an increase of 10.1% from the same month in 2011. Inventories of Aluminum products were 374.3 thousand tons at the end of January 2012, an increase of 6.1% over January a year ago. At the current shipping rate this represents 2.8 months supply in inventory. Canadian Service Center Activity; 14.0 thousand tonnes of aluminum products were shipped by Canadian Service Centers in...
