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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Aluminum is the third most common chemical element on Earth after oxygen and silicon. Russian oligarch Oleg Deripaska built his fortune by creating the largest aluminum company in the world RUSAL, which accounts for 11% of aluminum production and 13% of alumina production worldwide. Deripaska and the RUSAL empire got their start at the Sayanogorsk aluminum smelter plant in south central Siberia, Russia, where the future billionaire was a director from 1994 to 1997. A Russian photo blog Drugoi got an inside look at the Sayanogorsk factory and took some beautiful images of how aluminum is made.
Aluminum traded higher on Tuesday evening at MCX following overseas market trends, but a strong rupee kept the uptrend limited. Aluminum January delievery contract up by 0.50 percent to 107.85 rupees per kilogram on Multi Commodity Exchange(MCX). All metal complex open edge higher but prices cool down in afternoon session. Aluminum price remains upbeat on positive note of demand outlook in international market. A positive capital inflow in domestic shares, Indian rupee also continued to trade higher. Resistance for contract looks at 109.50 and support stays at 106.50 rupees. One can buy Aluminium in range of 107.-107.30 with stoploss of 106.50 for target near 109 in near term, informed Amrita Mashar, analyst with Commodity Online.
The National Aluminium Company has increased price of aluminium sold in India by Rs 2,000 effective from January 3 to Rs 137,200 per tonne. A senior company official said the company has rolled back the discount offered in December thus effectively hiking prices by Rs 2,000 per tonne. “We will wait and watch the aluminium price movement on the London Metal Exchange and may take another price revision in the middle of the month,” said the official. Government of India controlled National Aluminium Company (Nalco) is Asia’s largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. Nalco produces and exports alumina and aluminium. Bhavesh Chauhan, an analyst at Angel Broking said prices on...
United Company Rusal remains focused on cutting debt and costs and meeting its customers' requirements, rather than looking at new projects or acquisitions, first deputy ceo Vladislav Soloviev told Metal Bulletin. The company believes Russia and especially eastern Siberia have vast potential, and that it therefore remains focused on two major investment projects in the region – BEMO, a hydropower plant and aluminium smelter in Siberia, and the Taishet aluminium smelter. “Rusal does not intend to launch any new projects for now, nor does it plan to pursue any merger and acquisition opportunities in the coming months. Instead, Rusal is intent on streamlining its business, deleveraging its balance sheet and cutting costs,” Soloviev said. “We have to develop our competitive advantages and...
Emirates Aluminium (Emal) has triumphed at the Dubai Quality Group’s (DQG) 3rd Continual Improvement & Innovation Symposium, with its Cast House receiving a Gold Kaizen Award for its application of advanced quality methodologies. Emal president and CEO, Saeed Fadhel Al Mazrooei, said: “Through strong teamwork and communication, the Emal Cast House team were able to increase billet production from 95 per cent to 100 per cent in just 12 months, generating a massive five per cent boost in revenue with zero additional cost to the smelter. “The recognition of this achievement by DQG adds to the mounting proof that Emal is actively realising its purpose as a key project of the 2030 Vision to diversify the economy for the growth and prosperity of this nation.”
The Minister of Commerce and Industry, Mr Sheikh Saad bin Mohamed Al Mardhouf Al Saadi, attended the ceremony marking the launch of a cooperation agreement on social responsibility between Oman Oil Refineries and Petroleum Industries Company, Vale and Sohar Aluminium, on Saturday. The signing ceremony was also attended by Sheikh Mohamed bin Said Al Kalbani, minister of social development and Sheikh Mahana bin Saif bin Salem Al-Lamki, governor of North Al-Batinah. The initiative reflects the vision of the three companies on sustainable partnership with the community. The Minister of Commerce and Industry lauded the new agreement, which will focus on enhancing the role of corporate social responsibility in serving the society. Mr Al Mardhouf Al Saadi said that “There is no doubt that this...
The ongoing commitment to energy conservation at Dubai Aluminium that operates a one million metric tonne per annum primary aluminum smelter continues apace, yielding good results. For example, as a member of the Dubai Supreme Council of Energy, Dubal has whole-heartedly adopted the directives issued by Mr Sheikh Ahmed bin Saeed Al-Maktoum, president of Dubai Civil Aviation, chairman of Emirates Airline Group and chairman of DSCE, to all DSCE member companies regarding the measures which the Dubai government is taking to minimize energy consumption in Dubai, in fulfillment of the emirate’s 2030 energy strategy. Through concerted efforts in this area, Dubal saved 3,244,572 kWh in the three-month period from July to October 2011. This, together with the 2,263,605 kWh saved in the first...
Below are the three companies in the Aluminum industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations. Kaiser Aluminum (NASDAQ:KALU) is highest with a current ratio of 2.7. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets. Potential upside of 33.7% exists for Kaiser Aluminum, based on a current level of $45.88 and analysts' average consensus price target of $61.33. The stock should find resistance at its 200-day moving average (MA) of $48.68, as well...
Aluminium yesterday traded with the negative node and settled -0.19% down at 106.95 but overall the most in two weeks, paring the first annual decline since 2008, on bets that U.S. growth will buoy metals demand as the economy slows in China. The U.S. expanded at a rate of 1.8 percent this year and will probably increase 2.1 percent in 2012, according to the median of 70 economist estimates compiled by Bloomberg. A private report yesterday showed more Americans than forecast signed contracts to buy previously owned homes in November. If the strength of the housing market is "real and just not another head-fake, we could have a potential game-changer on our hands for the U.S. economy going into 2012," . Italy sold a total of EUR 7.017 billion in 10-year government bonds last Thursday, with...
LME aluminum prices opened at USD 2,020/mt overnight supported by better-than-expected Purchasing Managers' Index (PMI) in China and Europe. Later, inspiring US manufacturing data and significantly weakening US dollar index helped push up LME aluminum prices to USD 2,077/mt, with prices finally closing at USD 2,063.8/mt, up USD 46.8/mt. Asian markets are expected to surge following European and US markets, but markets are still concerned about European debt crisis. In this context, SMM predicts LME aluminum prices will struggle around the 30-day moving average today, hovering between USD 2,030-2,080/mt. SHFE three-month aluminum contract prices will move between RMB 15,900-16,100/mt after opening at near RMB 16,000/mt. Few market players are expected to enter the market on the first...
ALUMINIUM Bahrain (Alba) donated BD3,000 to the Southern Governorate to provide services for safe camping this season. Alba's chief executive officer Laurent Schmitt presented the cheque to Southern Governor Shaikh Abdulla bin Rashid Al Khalifa. Present at the meeting were Alba human resources manager Abdulrahman Janahi and the investor and public relations manager Eline Hilal. The camping season takes place every year during the winter season over a period of three months as campers pitch tents in the desert near Sakhir in the Southern Governorate. Alba's sponsorship will support officials at the governorate in supervising, managing and cleaning the camping area, providing services to campers, and in ensuring safety principles are upheld during the camping season. "Alba is not only known...
The ongoing commitment to energy conservation at Dubai Aluminium (Dubal) that operates a one million metric ton per annum primary aluminum smelter continues apace, yielding good results. For example, as a member of the Dubai Supreme Council of Energy (DSCE), Dubal has whole-heartedly adopted the directives issued by Sheikh Ahmed bin Saeed Al-Maktoum, president of Dubai Civil Aviation, chairman of Emirates Airline Group and chairman of DSCE, to all DSCE member companies regarding the measures which the Dubai government is taking to minimize energy consumption in Dubai, in fulfillment of the emirate’s 2030 energy strategy. Through concerted efforts in this area, Dubal saved 3,244,572 kWh in the three-month period from July to October 2011. This, together with the 2,263,605 kWh saved in the...
Hindalco Industries has plunged 4% to Rs 112, its lowest level since September 8, 2009, on the National Stock Exchange, after the Bombay High Court dismissed the company’s plea against the tax department over a tax outgo of nearly Rs 1,200 crore. Hindalco has been an underperformer among Sensex stocks by declining 8.3% in past six trading sessions compared to 2.1% drop in the 30-share Sensex. The Aditya Birla Group firm had challenged the income-tax department's contention that tax should be levied on corporate guarantees issued by the company. “Hindalco has filed the petition on December 15, seeking immediate relief and quashing of the tax department order. The aluminum and copper giant was served with the draft transfer pricing order for 2008-09. The case relates to corporate guarantees...
We recommend a buy in the stock of National Aluminium Company (Nalco) from a short-term perspective. It is evident from the charts of the stock that since encountering resistance at Rs 120 in March 2011, the stock has been on a long-term downtrend. Medium-term trend is also down for the stock. However, the stock's long-term support band between Rs 48 and Rs 50 arrested its decline in late November 2011. Thereafter this support band cushioned the stock from declining further. The stock recently changed its direction, triggered by positive divergence in the daily moving average convergence divergence and price rate of change indicators. On Monday, the stock jumped 4.4 per cent with good volume, breaching its 21-day moving average and immediate resistance at Rs 50. Moreover, weekly relative...
SINGAPORE: LME aluminum will rebound more to $2,059 per tonne, as it is riding on an upward wave (c). This wave is the second upward leg of a corrective wave cycle that started at the Dec. 14 low of $1,955.75. A Fibonacci projection analysis points to a target at $2,059, the 100 percent level, based on the length of wave (a) and the trough of wave (b) at $1,980.50. A retracement from the current level will be moderate, limited to $2,010. 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.
Taha Asia Pacific Ltd., the New Zealand subsidiary of Taha International Corp., Bahrain, has begun processing aluminum dross at its newly opened facility in Tiwai, New Zealand. Taha says it is using a mechanical system to extract all the trace aluminum that will then be returned to an aluminum smelter in New Zealand. The dross being processed by Taha has been harvested from a landfill in Tiwai. According to Taha Asia, after extraction, the company is left with a high-grade aluminum oxide, which is further processed by another company, Taha Fertilizer Industries, which then converts the material into mineral fertilizer. To grow its dross processing business, Taha Asia Pacific has formed a partnership with Invest South Ltd. Partnership to strengthen its operations throughout Asia. Taha...
Century Aluminum (NASDAQ:CENX) is one of today's biggest movers, up 1.4% to $8.49. The S&P is currently trading fractionally lower to 1,262 and the Dow Jones Industrial Average is trading fractionally lower to 12,267. Potential upside of 39.0% exists for Century Aluminum, based on a current level of $8.49 and analysts' average consensus price target of $11.80. Century Aluminum shares should first meet resistance at the 50-day moving average (MA) of $9.77 and find additional resistance at the 200-day MA of $13.05. Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly,...
Aluminium yesterday traded with the negative node and settled -0.19% down at 105.35 tracking LME aluminum opened at USD 2,016/mt and closed 1.72% or USD 34.8/mt lower at USD 1,984/mt on Wednesday as optimism disappeared among in European asset investors, due to climbing Italian debt yields, remaining weak Chinese demand, the weakening Euro and the Strengthening US dollar. The metal saw the heaviest loss this week. LME aluminum stocks surged again by 20,825 mt to 4,971,375 mt. Investors’ confidence is slipping amid concern towards European liquidity after Christmas and worrying Italian sovereign debt. If no support comes from the news side, LME aluminum is expected to slip further and trade between USD 1,970-2,010/mt during today’s trading. Japan's leading stock index fell more than 1...
