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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The cost of storing aluminum in London Metal Exchange- approved warehouses in Detroit has soared by nearly 10% following the exchange's decision to force a Goldman Sachs Group Inc. (GS) subsidiary to double the rate at which it delivers metal out of its facilities there. The new rent of 45 cents a ton of aluminum will be effective from April 1, the same date as rules stating that warehousing firms must lift the minimum daily delivery rate to 3,000 tons for any warehouse holding more than 900,000 tons of metal come into effect. LME members were notified of the increase in a notice earlier Friday. The LME's warehousing system has been in the spotlight through 2011 after concerns were raised over delays in accessing aluminum in the U.S., prompting the exchange this summer to raise the...
Aluminium is likely to remain volatile in 2012. Intensifying economic concerns, coupled with the euro zone debt woes may keep the metal under pressure in the first half. In the second half, however, the light base metal is set to get support from a possible recovery in manufacturing and infrastructure sectors. Prices accentuated in first half of 2011 to reach its two-year high of $2803 a tonne, at the London Metal Exchange (LME) translating thereby at Rs 124.15 a kg on the Multi Commodity Exchange (MCX) on back of growth optimism worldwide. But the metal failed to carry the strength as euro zone crisis took over and slackening manufacturing activities. The metal market experienced paradigm shift of production centre as its output headed towards the eastern side of the globe due to rise in...
Rio Tinto Alcan has initiated a lockout at its 438,000 tonne Alma smelter in Saguenay-Lac-Saint-Jean, Quebec after the Syndicat des travailleurs de l'aluminium d'Alma (Alma aluminium workers' union) rejected the company's final proposal for an agreement. Every effort has been made to reach an agreement in the best interests of employees, customers and the business. During the lockout, Rio Tinto Alcan staff will continue to operate the plant until further notice. Rio Tinto Alcan has been bargaining with the union since 4 October 2011. The union's contract expired on 31 December 2011. Plans are in place to ensure that our aluminium operations throughout the region continue to run safely and efficiently, and we will work to limit the labour disruption's impact Rio Tinto Alcan's customers....
Chinese equities listed in the U.S. declined for a second day as fresh concern that Europe’s debt crisis will derail global growth further dimmed the outlook for corporate profits in the Asian nation. The Bloomberg China-US 55 Index slumped 0.8 percent to 94.70 as trading closed in New York, pushing the two-day decline to 1.1 percent. Yanzhou Coal Mining Co., China’s fourth-biggest coal producer, sank the most in two weeks. Aluminum Corp. of China Ltd., known as Chalco, dropped to a one-week low as a report said its business in the first half of 2012 will be hit by falling prices and orders. Yingli Green Energy Holding Co. and LDK Solar Co. led a drop in solar stocks. Global stocks retreated as the European Central Bank’s balance sheet soared to a record 2.73 trillion euros ($3.55...
Alcoa Inc. (AA), the global leader in the aluminum market, has experienced difficult times despite slight improvements in the past two years. With the housing market crashing in the U.S., many manufacturers of products utilized in new construction, including aluminum, were hurt severely. The effects are still felt today as the weak economy still shows signs of slow growth ahead. However, there is light at the end of the tunnel for Alcoa, and aluminum, with experts predicting a greater demand for aluminum in years to come. Alcoa posted numbers in 2010 that implied the economy was recovering. Alcoa experienced an increase in sales, up 15.92%, an increase in net income, up 126.6%, and an increase in earnings per share, up 123.58%; increases in these key areas for Alcoa were crucial after the...
Noranda Aluminum (NYSE:NOR) is one of today's notable stocks on the rise, up 3.4% to $8.23. The Dow is up 0.8% to 12,250 and the S&P is currently up 0.8% to 1,260. In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.67 and a high of $17.82 and are now at $8.23, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%. Potential upside of 42.8% exists for Noranda Aluminum, based on a current level of $8.23 and analysts' average consensus price target of $11.75. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $8.46 and find additional resistance at the 200-day MA of $11.88. Noranda Aluminum Holding Corp is an integrated...
Below are the three companies in the Aluminum industry with the highest operating margin. A healthy operating margin is required for a company to pay for its fixed costs and generate cash. Alcoa (NYSE:AA) is highest with an operating margin of 6.9%. Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products. There is potential upside of 48.5% for shares of Alcoa based on a current price of $8.61 and an average consensus analyst price target of $12.78. The stock should run into initial resistance at its 50-day moving average (MA) of $9.81 and...
Hu Jie, the GM of Guang Ya Aluminum together with the main staffs of its manufacturing center investigated Guangyin Aluminum to promote both sides’ exchange and interaction. Guangyin Aluminum as the important strategic plan of the company located at Northwest with poor economic condition and natural environment. Through the hard-working of whole staffs and the leaders now it possesses large aluminum bars production base that equipped with 12 casting production lines and the yearly production reaches 300 thousand tons. The investigation group benefits a lot from the exchange and interaction with those diligent leaders and staffs. They will regard Guangyin Aluminum’s develop process as an example to rethink present working environment and condition. They stated will make greater...
A bearish target at $1,969.50 per tonne has been aborted for LME aluminum as a rebound from the Dec. 14 low of $1,955.75 is expected to continue. The metal has been zigzagging within a rising channel, and each time the lower channel line had been touched, a sharp rebound was triggered. The latest rebound could have started at Thursday's low of $1,980.50, with a target at $2,033.75 -- a high touched on Dec. 23. A fall below a support at $1,985 will violate the bullish outlook. 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.
The licensing by Dubai Aluminium (DUBAL) of its in-house developed and proprietary DX+ Technology to Emirates Aluminium Company Limited (EMAL) has been formalized through the signature of a contractual agreement between the two companies. In effect, DX+ Technology has been specified for and will be installed in EMAL Phase II - which comprises an additional 444-cell potline within EMAL's existing smelter premises in Al Taweelah, Abu Dhabi. Please respect MEED.com's copyright policy which allows you to: share links, copy content for personal use and redistribute limited extracts. Please email subscriptions@meed.com to buy additional rights or use this link to reference the article:
Seven companies are interested in building the cogeneration thermal power plant of 250 MW based in Tulcea, owned by Vimetco NV, according to a release of aluminium producer Alum Tulcea (299 km east of Bucharest). The companies interested in this project are China Huadian Engineering, China National Electric Engineering, Consortium of Hyundai Engineering & Construction Co. Ltd. Korea (HDEC) and Itochu Corporation & Hyundai Engineering & Construction Co. Ltd. (ITOCHU), Metka S.A., Minmetals Engineering Co. Ltd., Siemens and Sinohydro Corporation Limited. Vimetco Power Romania will analyze the seven bids, taking into account key elements for the project's success and examining the technical and economic competence. The company might announce the winner of the tender by the end of 2012 first...
Befesa, invited to participate in the XV conference about aluminum in Middle East, "Arabal conference 2011" With the subject: "Global Challenges for sustainable growth in the aluminium industry and the role of the Gulf Smelters, the 15th conference on aluminum in the Middle East, "Arabal", was celebrated in the Sultanate of Oman between the 13th and the 16th of November. Befesa was invited there to make a presentation on recycling in the aluminum industry. The event is organized yearly by the 7 companies at primary aluminum located in the Persian Gulf and Egypt. Nowadays, this region represents the 7% of world production of primary aluminum and, thanks to the construction projects of new plants and the expansion of the existents, it will reach a market share of 13% a medium term. The...
Dubai Aluminium (Dubal), a major aluminium smelter, recently held a disaster drill to confirm its crisis and business continuity management (CBCM) system integrated smoothly with the local government emergency services. Abdulla Al Abbar, business continuity certified expert (BCCE) and manager, CBCM, said: “Participants in the exercise – which included Dubal’s Assets Protection & Loss Prevention departments, the Dubal Medical Centre, Dubai Civil Defense, Dubai Union Ambulance and the Dubai Police worked seamlessly side-by-side in an extremely professional and efficient way.” For Dubal, which owns and operates one of the world’s largest single-site primary aluminium smelters and is widely accepted as the UAE’s industrial flagship, the exercise confirmed that its CBCM system is not only...
A court has approved a settlement between a subsidiary of RUSAL, the worlds largest aluminum producer, and the antimonopoly watchdog in connection with price manipulation in the wholesale energy market. The Moscow Commercial Court has terminated proceedings in the lawsuit filed by RUSAL Krasnoyarsk Aluminium Smelter challenging the watchdogs decision. The aluminum smelter withdrew its lawsuit and acknowledged several violations of the antitrust laws. The antimonopoly service decided in March that RUSAL's subsidiaries had manipulated prices in the wholesale electricity market. The watchdog ruled that RUSAL abused its dominant position in the wholesale energy market and had stifled competition. RUSAL is one of the leaders in the global aluminum industry, accounting for 10% of global...
Total world aluminum inventories fell 40,000 metric tons in November to 2.394 million tons, after a slight fall in European stocks, according to figures released Wednesday by the International Aluminum Institute. Stocks were higher, though, compared with the same month of 2010, when inventories stood at 2.382 million tons, it said.
Alcoa announced today that Tómas Már Sigurdsson, Managing Director Alcoa Fjardaál, is appointed President, European Region and Alcoa Global Primary Products (GPP) Europe effective January 1, 2012. Sigurdsson succeeds Marcos Ramos who has assumed new responsibilities as President of GPP in Latin America and the Caribbean. Sigurdsson's successor will be announced at a later date. “As a fully integrated aluminum company in Europe, representing and coordinating Alcoa's wide array of Primary, Rolling and downstream businesses is an important role. Tomas is the ideal leader to take on that vital task” As European Regional President, Sigurdsson will be responsible for coordinating the activities of all of Alcoa's nearly 50 locations throughout Europe, reporting to Chris Ayers, Alcoa Executive...
The Board of National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India, has been strengthened with the appointment of Shri Madhukar Gupta, IAS (retd) and Shri Ghanshyam Hiralal Amin as Independent Directors for a period of three years. Shri Gupta is the Former Union Home Secretary and Shri Amin is the Vice-President of National Cooperative Union of India. With four other Independent Directors already on NALCO Board, the strength of such Directors has gone up to six. Still there are two more vacancies to be filled in.
Below are the three companies in the Aluminum industry with the highest free cash flow per share. FCF/share is a valuable metric signaling a company's ability to facilitate growth in the business. Noranda Aluminum (NYSE:NOR) is highest with FCF per share of $4.07. Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills. Thus far today, Noranda Aluminum has traded 66,000 shares, vs. average volume of 234,000 shares per day. The stock has matched the Dow (with a -0.7% move) and outperformed the...
