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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Despite rupee fall cushioning the revenue decline and expectations of aluminium prices improving, raw material costs may keep a tab on profitability. The Nalco stock has lost over half its value since March 2011 due to declining aluminium prices on account of the global uncertainty, and weak performance. Rising production costs, owing to high raw material prices, have hit the company’s profitability. Nalco saw its operating margin dip to a seven-year-low of 9.5 percent in the September 2011 quarter. The rupee depreciation has provided some respite, as it may limit the decline in revenues for domestic aluminium players like Nalco. A silver lining also comes from analysts’ expectations that aluminium prices will bounce back in the coming quarters as low prices have led to production cuts....
The most active SHFE aluminum prices rose after opening lower on Tuesday, with an attempt to regain losses from the previous trading day. However, transactions in spot aluminum markets remained weak due to limited prices increases. Spot aluminum supply in South China was stable, and buying interest among downstream buyers was low. Meanwhile, cargo holders were unwilling to move goods and held prices firmly, with spot prices stabilizing between RMB 16,010-16,030/mt, more resilient to declines compared with East China. Transactions were waning in general.
Traded prices of spot aluminum in Shanghai were between RMB 16,000-16,040/mt on Monday, with discounts of RMB 0-30/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,060-16,080/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,980-16,020/mt. SHFE aluminum prices fluctuated narrowly with the SHFE current-month aluminum price stabilizing at RMB 16,000/mt. With the arrival of year’s end, most spot aluminum traders have already achieved sales targets for the year, so they mainly fulfilled orders from regular customers and were reluctant to cut prices for cash. Thus, prices held firmly at RMB 16,000/mt mark, leaving markets muted.
LME aluminum is biased to gain more to $2,037 per tonne, as it is poised to rise above a range of $1,962.25 - $2,020.50. The metal is riding on an upward wave "c", progressing towards $2,037, the 100 percent Fibonacci projection level. A rise to $2,037 will confirm a triple-bottom, with a bullish target to be established at $2,079. A a fall to $2,005 will indicate the test at the high of the range at $2,020.50 is unsuccessful, and signals will turn neutral. 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 innovative thinking and quest for operating efficiency through continuous improvement at Dubai Aluminium (DUBAL) has again been recognised on the international stage. DUBAL’s unique GTX project, which was presented by Tayeb M M H Al Awadhi (Vice President: Power & Desalination) at Power-Gen Asia, held in Singapore during 2010, has won the Project of the Year 2011 “Honourable Mention Best Gas-Fired Project” at the Power-Gen International 2011 conference, held recently in Las Vegas, USA. To appreciate the significance of the award requires an understanding of the GTX project, its origins and the role it plays. The project’s setting is as important. In this regard, DUBAL is one of the largest single-site aluminium smelters in the world (producing more than 1 million metric tonnes of hot...
Aluminum Corp of China (Chinalco) will stay in the black this year despite plunging prices for the metal, but Europe's worsening debt crisis is darkening next year's outlook, said President Xiong Weiping on Thursday. Chinalco, the country's biggest aluminum producer, made a profit of 3 billion yuan ($473.2 million) in the first 11 months of this year, but profitability has been hurt since October amid a volatile global economic climate, said Xiong. But its copper, international engineering and trade operations remain profitable, which will buoy the company's growth, he added. The aluminum maker moved into profit last year after reporting total losses of 140 billion yuan in 2008 and 2009. ""Domestic prices of electrolytic aluminum have cumulatively dropped more than 14 percent since...
Aluminum ingot production capacity has doubled during the tenure of the ninth and tenth government (2006 to present), said the head of Iranian Mines, Mining Industries Development and Renovation Organization (IMIDRO). Khodamorad Ahmadi stated the capacity has grown by 235,000 tons since 2005 with the current level at 457,000, IRNA reported. He said the figure should reach 1.5 million tons by 2025, adding "Fortunately, with the government formulating the policy and making related planning, the target will be attained. "Currently, contracts have been concluded to procure materials from domestic and foreign sources." Referring to the new management in Almahdi Aluminum Company, he said supplying the domestic need and then resuming exports should be among the priorities of the new management,...
Dubai Aluminum (Dubal) will keep its eye on potential acquisitions but is not planning to raise capital from the market in 2012, a top company executive said yesterday. Abdullah Kalban, president and chief executive of Dubal, told Gulf News that the company was upbeat about its prospects for next year but was taking a wait and see attitude. "Dubal has no immediate plans to issue bonds. For the time being, I don't see it," Kalban said. "Maybe if things start to materialise on some of our projects, then it's possible and the company would be open to potential acquisitions." His comments came at a press conference to announce the signing of a technology licensing agreement with Emirates Aluminium (Emal), under which Dubal will provide technology to Emal's Al Taweeleh project. Phase II of the...
Despite of inspiring durable goods orders and new home sales data from the US, LME aluminum for three-month delivery closed USD 2.3/mt or 0.11% lower at USD 2,018.8/mt last Friday, as the US dollar index stayed high at 80 and most investors stood on the sidelines due to the nearing of Christmas. Transactions dropped to only around 4,000 lots during the day. Chinese aluminum is expected to move within a narrow range today lacking direction from LME, which is closed before Wednesday as Christmas is being celebrated. As such, SMM expects the SHFE three-month aluminum contract to struggle near the 10-day moving average and move between RMB 15,800-15,900/mt. Spot discounts over SHFE current-month aluminum are expected to narrow to RMB 0-30/mt as selling interest turns lower among goods holders...
Dubai Aluminium said it has formalised a deal to instal its in-house developed proprietary high amperage smelting technology at Emirates Aluminium Company (Emal), a gaint aluminium smelter complex in the UAE with an annual output of 750,000 tonnes. As per the technology licence agreement, Dubal's DX+ technology will be installed in the second phase of Emal, which comprises an additional 444-cell potline within its existing smelter premises in Al Taweelah, Abu Dhabi. The agreement marks a historic milestone for Dubal, being the first industrial scale installation of this new generation smelting technology. An entirely state-owned enterprise, Dubal operates a one million metric tonne per annum primary aluminium smelter at Jebel Ali, Dubai. Based directly on Dubal’s proven, inherently robust...
Henk Pauw, CEO of Sohar Aluminium, talks to Gay Sutton about the company’s role in promoting industry in Oman and creating jobs for local people. Oman is perhaps one of the most impressive but least widely recognised success stories of the Arabian Peninsula. Rich in oil and gas, and occupying a favourable position on the eastern coast of this dry and desiccated land mass, it has a long and distinguished history as a trading and seafaring nation. Small wonder, then, that when the Sultan of Oman initiated a campaign to diversify the nation’s economy and make it less reliant on oil revenue, much of the industrial effort centred around the port of Sohar, which has a shipping heritage dating back millennia. “Sohar’s history goes back over 5,000 years. Moreover, at one time it was the capital...
Aluminium prices lost ground in November and while persistent demand worries will weigh on sentiment, production cuts will limit further declines. "A lot of the industry is under pressure because of these low prices, so there's going to be a lot of support if prices fall further, there's not that much downside," said Standard Chartered analyst Daniel Smith. The London Metal Exchange (LME) three-months aluminum price was last indicated at $2,005 a tonne. Fastmarkets analyst Will Adams mooted a target of $1,800 a tonne, given the subdued demand picture. At that level a concerted supply response should be seen. "We're well below Chinese costs and pretty much below western European costs of production, so I think the downside is limited for aluminium," said Harry Colvin of Longview Economics....
Primary producers of Aluminium in India are hit by increasing operating costs which affects their margins. The operating costs have gone up due to increase in price of raw materials, transportation costs, increase in price of Coal and higher employee remuneration, according to Dinsha Patel, India Minister of State for Mines. The Minister informed Rajya Sabha, the upper house of Parliament that the the primary producers endeavour to reduce their operating cost through a slew of measures like reducing power consumption by adopting energy conservation methods, modernization of equipments, increase in current efficiency, reducing fallen anodes in smelter, improving productivity of workers, etc. As energy cost is substantial in aluminium smelting, all the primary producers of aluminium have...
Bosnia's sole aluminium smelter, Aluminij Mostar, will post a small profit this year and expects a loss in 2012 due to lower prices on the world market, General Manager Ivo Bradvica said on Thursday. "The profit will not be high and I can only say that we shall end the year positively," Bradvica told a year-end news conference in the southern town of Mostar. "We forecast a loss for next year." Bradvica said the company posted a profit of 4.5 million Bosnian marka ($3 million) in the first half of the year but was hit in the last quarter by a fall in aluminium prices. It had a loss of 13.4 million marka in 2010. "The price of the metal in September hit its lowest level in 15 years while the prices for power and raw materials remained the same," he said. "A loss next year will be...
Emirates Aluminium Co., building the world’s biggest aluminum smelter, may seek $3 billion for the Abu Dhabi project, two people with knowledge of the matter said. Funding will be split between export credit agencies and commercial banks, the people said, declining to be identified because the deals are yet to be completed. Emirates Aluminium is owned by Mubadala Development Co. and Dubai Aluminium Co. “We are working with shareholders to finalize the funding structure,” Emirates Aluminium Chief Executive Officer Saeed al-Mazrooei told reporters today in Abu Dhabi. “There are still many options to decide from,” he said, declining to elaborate. Persian Gulf countries are investing in petrochemicals and metals output to diversify their economies away from crude oil and benefit from cheap...
Australia & New Zealand Banking Group Ltd. plans to sell another $90 million of a $300 million loan for Aluminum Corp of China Ltd. to banks after funding the majority of the facility, a person familiar with the matter said. About three banks are expected to buy the debt from ANZ in January, said the person, who declined to be identified because the details are private. Aluminum Corp. of China, the nation’s biggest producer of the metal, is more commonly known as Chalco. The $300 million loan was signed on Nov. 4 and fully funded that month, with ANZ lending $200 million via a $50 million three-year facility and a $150 million so-called bridge loan. Natixis SA had originally agreed to jointly and equally underwrite the $300 million loan with ANZ. The French bank eventually committed $50...
New Delhi, Dec 23 (PTI) Aluminium futures prices were up by 0.14 per cent today, largely in tune with a firming trend in base metals overseas and pick-up in demand from domestic industrial units. At the Multi Commodity Exchange counter, aluminium for January delivery gained 15 paise, or 0.14 per cent, to Rs 106.95 per kg, with a turnover of 24 lots. Similarly, the base metal for delivery in the current month traded higher by 5 paise, or 0.05 per cent, to Rs 105.55 per kg in a turnover of 198 lots. Market analysts said pick up in domestic demand and reports of firming trend in base metals at the London Metal Exchange after better-than-expected US economic data, influenced aluminium futures prices here.
In recent days Electrolytic Aluminium Factory of Chinalco Guizhou Branch has finished the production of aluminum alloy wire rod 1100. The first 28 tons of this products passed technical detection and typical properties and exterior quality are all met requirements. This means Guizhou Branch succeeded in the production and industrialization of a new kind of alloy product. At the beginning of December when received the order of alloy wire rod 1100, Guizhou Branch set up the task-force and finished industrialization test of this new products successfully. Data shew that each index satisfied with the users requirements. The success of industrialization test rich the company’s product mix further and enhance their market competitiveness.
