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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Sarawak will have the capacity to produce 300kt/y of ingots and billets when its second smelter in the Samalaju Industrial Park begins operations in September. Group executive vice-president Koon Poh Min said that the company had invested RM3bn ($953M) in the new plant. He said the higher combined production would go a long way towards helping the company realise its goal to emerge as a global supplier of ingots and billets. The first plant, sited 38km from Mukah, Malaysia produces 120kt/y. The Mukah plant, which started production in August 2009, is a joint venture with Japanese industrial giant Sumitomo Corp. The two plants are operated by Press Metal Sarawak, a subsidiary of Selangor-based Press Metal Bhd Both plants used Aluminium Corp of China's technology, which is also used in 215...
Sarawak will have the capacity to produce 300,000 tonnes of high-quality ingots and billets a year when its second aluminium smeltering plant in the Samalaju Industrial Park begins operations in September. The first plant, sited 38km from here, produces 120,000 tonnes a year. The two plants are operated by Press Metal Sarawak Sdn Bhd, a subsidiary of Selangor-based Press Metal Bhd. Group executive vice-president Koon Poh Min said that the company had invested RM3bil in the new plant. He said the higher combined production would go a long way towards helping the company realise its goal to emerge as a global supplier of ingots and billets. “With the new plant in operation, we will be the biggest in South-East Asia,” he told reporters after a visit to the plant organised by AZAM and RECODA....
SINGAPORE: LME aluminum is expected to end the current wave "b" rebound around $2,166 per tonne and revisit the wave "a" trough of $2,116. The retracement from the Jan. 12 high of $2,197 has not completed, with a downward wave "c" yet to travel to the wave "a" trough. A Fibonacci retracement analysis on the fall from $2,197 to $2,116 reveals a resistance at $2,166, the 61.8 percent level, and a further rebound from it will be capped at $2,178, the 76.4 percent level. A strong surge to $2,197 will open the way to $2,250. 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.
State-owned Gujarat Mineral Development Corporation (GMDC) today said its board will take a decision next month on setting up an alumina plant and aluminium smelter project in joint venture (JV) with the Navratna PSU Nalco. Nalco, a leading aluminium producer, recently had qualified as the sole bidder for the over Rs 10,000-15,000 crore alumina and smelter plant project, proposed in Kutch district of Gujarat. "Nalco, the sole qualified bidder, for our alumina plant and aluminium smelter project, has deposited the upfront fees of Rs 150 crore. We shall now take it to our board by middle of next month, which will take the final decision on JV," a top GMDC official told PTI. The other companies who had evinced interest through EOI's included Hindalco, JSW Aluminium and Adani group. The bids...
United Company RusAl said its smelters can turn a profit should aluminum prices fall to $1,900 a ton, while as much as 45 percent of Chinese capacity may already be running at a loss. "It's difficult, but it can work," Vladislav Solovyov, first deputy chief executive, said in an interview published on RusAl's Facebook page. "If it goes lower, well then we may see cutbacks." Some of RusAl's smelters are viable with an aluminum price as low as $1,400, he said. Aluminum traded at $2,193 a ton on the London Metals Exchange on Thursday. The metal has advanced 7 percent since Jan. 1 after falling about 27 percent last year from its May 3 peak of $2,797. China should shut more capacity, Solovyov said, and help drive prices higher.
BNamericas reported that Venezuelan state carbon anode producer Carbonorca is once again emphasizing the urgency of installing a coke calcination plant to supply local companies. Sutracarbonorca labor union press secretary Mr William Hernandez told BNamericas that "We want the government to understand that Carbonorca needs the coke calcination plant which, in addition to the aluminum sector, could supply the iron sector because it would produce 550,000 tonnes per annum of calcined coke." Calcined coke consumption in Venezuela's steel and aluminum sectors averages 300,000 tonnes per annum, which the new plant could supply. Since 2009, company workers have been asking the government for the plant, as the primary problem the local industry has faced in recent years is the lack of this input....
China's imports of unwrought aluminum and aluminum semis were 103,738 mt in December, with YTD imports from January to December at 910,487 mt, down 4.7% YoY. Alumina imports were 200 kt during December, with YTD imports from January to December at 1880 kt, down 56.4% YoY. China's imports of scrap aluminum were 280 kt during December, with YTD imports from January to December at 2690 kt, down 5.9% YoY. China's exports of unwrought aluminum were 64,284 mt in December, with YTD exports from January to December at 766,122 mt, up 1.6% YoY.
A Hunter Valley plant that recycles waste material from the Kurri Aluminium smelter will scale down its operations, in response to production cuts at the neighbouring plant. 150 jobs will go at the Hydro Aluminium smelter when one of the three potlines is shut down in a bid to rein in multi-million dollar losses. Weston Aluminium has been operating since 1996 recycling dross from the smelter into de-oxidants and other products used in the steel and cement industries. Managing Director Garbis Simonian says he will have to cut production by a third and shed jobs as well, but he is more concerned about the smelter's long-term viability. "And it's not just us, it's all contractors," he said. "In fact the number of jobs at stake, there's probably just as many or even more jobs in downstream...
Press Metal Bhd, a Malaysian maker of aluminum products, climbed to the highest level in more than two months in Kuala Lumpur trading after Bernama reported that the company invested RM3 billion in its second smelting plant to increase total production capacity from September. The stock gained 2.7 percent to RM1.90 at 9:18 a.m. local time, set for the highest close since Oct. 31.
Traded prices of spot aluminum in Shanghai were between RMB 15,980-16,020/mt on Monday, with discounts of RMB 50-100/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,040-16,060/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,930-15,970/mt. SHFE 1202 aluminum contract became the SHFE current-month aluminum contract, and the price moved up slightly to RMB 16,100/mt. However, spot aluminum prices lacked upward momentum due to weak consumption in spot markets, with discounts over the SHFE current-month aluminum price expanding to RMB 100/mt. Only prices for high quality aluminum ingots were held firmly above the RMB 16,000/mt mark due to tight supply. Limited deals were made in markets.
Aluminum Corp of China Ltd.’s $300 million loan received a $30 million commitment from Dah Sing Bank Ltd., according to a person familiar with the matter, who asked not to be identified because the details are private. Australia & New Zealand Banking Group Ltd. has been marketing the loan to banks after funding the majority of the facility via a $50 million three-year loan and a $150 million so-called bridge loan, another person familiar with the matter said on Dec. 15.
Century Aluminum Company CENX -0.02% will report fourth quarter 2011 earnings on Thursday, February 23rd after the close of market trading. The news release will be issued through Marketwire. The company will hold a follow-up conference call on Thursday, February 23rd 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.
U.S. aluminium giant Alcoa said on Friday it will push ahead with its plans to close a smelter in Italy, rejecting Rome's calls to keep operations on the island of Sardinia running as a battle around the struggling plant heated up. Alcoa said on Monday it planned to close its Portovesme smelter in Italy and slash output at two Spanish smelters, part of a broader effort by the U.S. aluminum producer to cut its global output by 12 percent and reduce costs. On Friday, the government asked Alcoa to suspend a collective dismissal procedure, known as mobilita in Italian, which usually leads to closing a business, and instead offered to work together to find alternative solutions, the industry ministry said in a statement. But Alcoa has rejected such proposals and confirmed its decision to close...
Dry conditions are forcing the Tiwai Pt aluminium smelter to pay about five times the average spot power price and could result in reduced production if it continues. NZ Aluminium Smelters acting general manager Stewart Hamilton said the smelter was watching the spot prices as the cost of electricity continued to climb while lake levels dropped because of a lack of rain in the south. The smelter was paying about $120 to $130/megawatt on the spot market, or wholesale market, in the past week, he said, about five times the average spot price of $24/MW for the same week during the past five years. Most of the smelter's electricity use was supplied by contract, but the remainder was bought on the spot market and because of the increase in price during the dry spell the smelter had already cut...
BS reported that the officers’ association of National Aluminium Company have decided to go on hunger strike from January 30 due to lack of response from the company management on issues like salary, perks, leave, house rent and promotions. “Office bearers have expressed to go on hunger strike from January 30 if the management does not solve their problems. A release from the Nalco Corporate Officers’ Association said that the management will be solely responsible if any untoward incident happens. The association has warned to go on ‘work under protest’ very soon. The officers of the Central public service undertaking have also shown their resentment by wearing black badges on January 11. It may be noted that the officers’ association on December 12th 2011, had urged the management to...
Overcapacity in the aluminium industry and the decline in the price of the metal since its peak in 2008 prompted two major producers to announce cuts in jobs and output last week, and the prospect of further cutbacks across the sector bodes well for commodity investors hunting for upside. Since peaking in July 2008 at $3,067 per tonne, aluminium has since experienced a dramatic fall in price as the global economic slowdown has dampened demand and left the industry in a state of oversupply. Last year it recovered partly to $2,667 per tonne before resuming its descent, and was trading at just $1,945 per tonne by December. Companies alarmed by the price falls are resorting to production cuts to provide support for the market. Norsk Hydro, one of the largest global suppliers of aluminium,...
Aluminium stocks held at three major Japanese ports came to 247,300 tonnes at the end of December, up 12 percent from 221,500 tonnes at the end of November, trading house Marubeni Corp said on Friday.
Better than expected Chinese GDP data, strong performance of the German economy and inspiring Spanish debt sales together overshadowed downgrades of euro zone countries, pulling down the US dollar index and helping the euro rebound. LME aluminum surged 2.52% as a result of above development closing at USD 2,218.5/mt. LME aluminum stocks hit a record high of 5 million mt overnight with the added 39,075 mt. The latest Chinese economic data is expected to widen gains in European and US stock markets during today’s trading. LME aluminum may climb further and move between USD 2,200-2,250/mt today. The most active SHFE three-month aluminum contract is expected climb slightly and move between RMB 16,300-16,480/mt. Spot discounts over the SHFE current-month aluminum price are expected to expand...
