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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Century Aluminum (NASDAQ:CENX), a company whose shares are moving quickly, is trading 5.2% lower to $8.28. The Dow is down 1.1% to 12,170 and the S&P is currently down 1.1% to 1,252. 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, South Carolina. Century is also the operating partner of a reduction facility in Hawesville, Kentucky. In the past 52 weeks, Century Aluminum share prices have been bracketed by a low of $7.25 and a high of $20.76 and are now at $8.28, 14% above that low price. The 200-day and 50-day moving averages have moved 0.63% lower and 0.43%...
Despite of inspiring employment and house sales data from the US, LME aluminum only rose a slight USD 2.5/mt or 0.13% to USD 1,987/mt overnight as European debt woes and high LME aluminum stocks continued weighing on the metal. Deals for aluminum are expected to remain light this last trading day of 2011 due to weakness in global economies. SMM expects three-month LME aluminum to move between USD 1,980-2,000/mt and SHFE aluminum for three-month delivery to vacillate between RMB 15,830-15,900/mt during today’s trading. Spot aluminum is expected to maintain premiums of RMB 0-40/mt over the SHFE current-month aluminum price supported by tight supply.
Primary aluminium inventory registered to London Metal Exchange could increase in 2012 after the stock hit record 4.95 million tonnes now. Japanese trading firm sources see the stock would reach 5 million tonnes depending on world economy. A trading firm source sees aluminium suppliers keep selling to warehouses when US financial institutes' warehouses increase incentive for the ingot purchase. Asian and European warehouses also keep paying higher incentive for the deal. The smelters could keep selling the ingot to risk free financial institutes instead for the users. A trader source said Vlissingen of Netherlands with 900,000 tonnes of stock is like Detroit of USA in the overstock. The stock in Johor, Malaysia would increase due to slow demand after Thai flood. Slower demand supports the...
The government will soon ask Sterlite Industries to make an offer to buy out its residual 49% stake in Bharat Aluminium Company Ltd, or Balco. Sterlite had acquired 51% stake in the company in a strategic sale by the government in 2001 for Rs 551 crore. "A formal proposal is being sought from Sterlite," a government official privy to the development told ET. A similar route could also be adopted to disinvest residual stake in Hindustan Zinc. Government's 29.5% stake in Hindustan Zinc is worth over Rs 15,000 crore. Sterlite Opportunities and Ventures holds 65% stake in the company. Balco is not listed on a stock exchange but its peer group companies such as Nalco and Hindalco have a market capitalisation of Rs 12,448 crore and Rs 22,370 crore respectively. The government plans to raise Rs...
A bearish target at $1,969.50 per tonne has been established for LME aluminum as a rebound from the Dec. 14 low of $1,955.75 has completed. The rebound has adopted an "a-b-c" corrective wave mode, with the wave "c" having stopped around $2,037, the 100 percent Fibonacci projection level, even though it is unusually shorter than the wave "a". The completion of the rebound signals a preceding medium-term downtrend has resumed, but the final confirmation on such a resumption will be when the metal drops below $1,969.50, the presumed wave "b" trough. 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...
The Minister of Mines and Steel Development, Mr Musa Mohammed Sada, has inaugurated a technical committee to liaise with UC Rusal Aluminium Smelter Company at Ikot Abasi, Akwa Ibom State, to facilitate the production of aluminium and aluminium products in the country. The committee was inaugurated after a meeting between officials of the ministry, led by the minister and representatives of UC Rusal Aluminium Smelter Company at his office in Abuja. Mr Sada said that the technical committee was inaugurated for the minerals and metals sector to meet the production target of 100,000 tonnes of aluminium per annum by 2013. The minister said: “We should have a sustained dialogue. If we have a sustained dialogue, we will be able to assist your company to work very well because the ministry is...
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. The most active SHFE three-month aluminum contract is expected to open at RMB 15,800/mt. Temporary support may show at the 5-day moving...
Nigeria is targeting producing 100,000 tons of aluminium annually starting from 2013, Minister of Mines and Steel Development Musa Sada has said. Sada said while inaugurating a committee that would facilitate the production of aluminium and aluminium products that the country is expected to "meet the production target of 100,000 tons of aluminium per annum by year 2013 in line with the target set for the ministry in the Transformation Agenda of the President." The committee was inaugurated after a meeting between officials of the ministry and representatives of UC Rusal Aluminium Smelter Company, Ikot Abasi, to liaise with the company to achieve the objective. At the meeting, Sada reiterated the need for the company to keep the ministry abreast of its operations and draw the ministry's...
United Industrial Services Company (UNISCO) — a unit of Towell Engineering, which is involved in many prestigious and mega projects, recently announced work commencement on third facility in Sohar. This is a landmark achievement for the company, which started operation only in 2006 and from there expanded rapidly to add a second facility in 2008. The third facility is likely to be inaugurated in May, 2012. Since inception, UNISCO has been involved in many large projects both in Oman and outside Oman. Some of the important projects completed by UNISCO many times ahead of schedule are: Superstructures for Sohar Aluminium with Bechtel as EPCM; Diagrid nodes for Capital gate project in Abu Dhabi; Dock gates for Oman Drydock Company and MOTC; and All steel structures and plate works for Vale...
Brazil's domestic aluminum consumption is forecast to rise by an average of 8.9%/y in the 2012-25 period, according to national aluminum association Abal, paper Valor Econômico reported. The growth rate for 2011 is the same, according to Abal. The industry is expected to reach 1.42Mt of products including plates, sheets, cables, wires and extrusions. "The domestic aluminum market is expected to grow more than 9% in 2012, keeping this average rate for the next 15 years," Abal stated, according to the report. The figures show domestic aluminum consumption of 4.6Mt by 2025. The rise, according to Abal, will be driven by the 2014 World Cup and 2016 Olympics, and also by the country's expected economic growth. However, to reach the projected figures the sector will require substantial...
Odisha governemnt Tuesday made it clear that there was no proposal of waiving penalty on Vedanta Aluminium Limited (VAL) which allegedly drew water from the Hirakud reservoir before signing formal agreement with the water resources department. "Penalty against VAL will not be waived. The company was found drawing water from the Hirakud reservoir before signing the agreement," Water Resources Secretary S C Mohapatra told reporters here. The issue relating to the state government's move to waive penalty of Rs 9 crore on VAL was raised in the recently concluded winter session of the assembly. "As the company drew water from the reservoir before the agreeement, the government had imposed penalty at the rate of six times than the normal water rate," an official said. The company sources,...
National Aluminium Company (Nalco) is likely to face stern action from the State Pollution Control Board (SPCB) if it fails to meet the February-end deadline set by the pollution watchdog for coming out with an alternative ash pond for dumping its fly ash. While the aluminium major had sought time till April-end, the pollution board authorities had insisted on sticking to the deadline of February-end next year to complete the third ash pond for dumping of high density slurry for its 1,200 MW captive power plant. “We have asked Nalco specifically to make alternative arrangements for dumping of the slurry as their current ash pond is exhausted. We also refused permission they had asked for raising the wall of the ash pond to increase its capacity. Nalco owns 47 acres of land where it can...
Traded prices of spot aluminum in Shanghai were between RMB 15,990-16,030/mt on Tuesday, with discounts of RMB 10-40/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,080-16,100/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,960-16,000/mt. Although the SHFE current-month aluminum price increased above the RMB 16,000/mt level, spot aluminum consumption was sluggish, leading to divergence of selling willingness among traders. Traders owned sufficient inventories were actively clearing stocks while those have completed clearance were reluctant to move goods. Therefore, prices for branded aluminum ingots with sufficient supply fell below the RMB 16,000/mt mark, while prices for brands with tight supply remained stable....
Support from the strong consumer confidence in the US was weakened by mixed manufacturing data. Further more, closely followed Christmas Day and New Year’s Day have kept most investors on the sidelines, thereby depressing transaction volumes. As such, SMM expects LME aluminum to move narrowly between USD 2,000-2,040/mt and SHFE aluminum for three-month delivery between RMB 15,800-15,900/mt. Due to weak demand, the spot market remains buyers’ market and spot discounts over the SHFE current-month aluminum price are expected to stay between RMB 10-30/mt.
A group of Century Aluminum retirees is camping outside the company's shuttered plant in Ravenswood to protest their loss of health care benefits. The protesters also include retirees' family members and supporters. Karen Gorrell tells the Parkersburg News and Sentinel (http://bit.ly/s0LroC ) that the protest will continue through New Year's. Gorrell's husband worked at the plant for 36 years. She says retirees want to make sure Century's board "understands we will not be left behind." Century closed the Ravenswood factory in 2009 and laid off more than 600 workers. The company ended health care benefits for retirees in December 2010. Hundreds of retirees say they were promised lifetime health care benefits.
Qatar Aluminum (Qatalum) has launched its first magazine named, Al2to3gether, to highlight the significant role played by natural gas in the process of aluminum production. Qatalum said yesterday the launch of the magazine aims to provide an open forum to discuss ideas and ambitious plans which the company is planning to implement, in addition to chronicle the achievements the company makes on a daily basis. The company said the name of the magazine symbolises the spirit of teamwork in Qatalum and reflects the excellence of the company and its ability to meet challenges as a unified work team. It added that the magazine comes at an appropriate time when the company achieved its maximum production after seven years of dedicated work, noting that the company’s goal is not simply to build...
An Aluminum Corp. of China-led group hired Belgium’s Dredging International NV to begin work at its $130 million minerals pier project in Lima, Peru’s state news agency Andina reported. Aluminum Corp., together with partners Glencore International AG and Trafigura Beheer NV, will start construction work on the pier in Lima’s port of Callao in April and start operating it in the second half of 2013, Andina said, citing Frank Boyle, president of Peru’s National Port Authority.
The Irkutsk Aluminum Smelter, IRKAZ which belongs to Russian aluminum company UC Rusal, has successfully finished testing Nanocomp Metcast, nanocoatings developed by Rusnano's project company ItN Nanovation AG of Germany. Rusal in a press release said that "Nanocomp Metcast are innovative nanocoatings tailored to casting machinery. They extend the service life of molds and lengthen the intervals for maintenance of casting conveyors. As a result, the casting process becomes more efficient at a lower cost.” The release added that at the moment, ItN Nanovation AG and Rusal are studying the large-scale introduction of Nanocomp Metcast at Rusal's aluminum smelters. Rusnano acquired a 29.9% stake in ItN Nanovation AG in May 2011. The company is expected to create capacities for producing...
