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- LME Aluminum 3M Select trades $-12.25 lower to $3276 at 8:35:00 AM
- (Bloomberg) – Century Aluminum and Aluminum Oklahoma (d/b/a Oklahoma Primary Aluminum) are unlikely to anytime soon face a court order forcing them to stop construction of a new aluminum smelter facility in Oklahoma, despite the Sooner State's Aug. 11 request for such an injunction. Still, the facility could be blocked by voters. The people of the Town of Inola reportedly voted to extend a construction moratorium on the project until April, and in the same month are set to vote on a petition that would ban aluminum smelting in the Oklahoma town. The companies have sought to intervene in a separate lawsuit concerning the sufficiency of petition signatures, and likely will appeal the lower court's Sept. 3 decision finding them adequate. The attorney general filed a bid seeking to block construction of the smelter project, including site preparation, grading and foundation work, on grounds it will be a public nuisance. The project allegedly will be built within three miles of homes and schools and emit hundreds of tons of pollutants a year, harming water and agriculture. The companies say the injunction is unwarranted as there's no reasonable probability of any emissions or waste and their agreement to follow the state environmental department's (DEQ) guidance and permitting and proposal to withhold construction of the emission units until permitted, make the issue moot. The AG argues Inola's moratorium on construction expired Aug. 28, yet that date has reportedly been extended to April. Also the Oklahoma DEQ has suspended its review of the companies' permit request pending the submission of further information due Sept. 26. Though the attorney general likely has standing to bring the case and a permit may not necessarily address or immunize the companies from liability for the pollution the AG complains of, its request for an injunction, if renewed, likely is premature. The AG says the Oklahoma Environmental Department suspended its review because the companies' permitting application required correction. Whether the companies get a permit, even if likely, is at this point too speculative. The town also reportedly extended a construction moratorium until April 2027. Construction therefore isn't imminent and Oklahoma likely can't show the immediacy of harm required to support a preliminary injunction. The companies' motion to dismiss the complaint, however, likely will be denied, and if a permit is granted and the moratorium is dissolved, a renewed request could succeed. Still, we think the court's unlikely to decide it until after the vote on the petition to ban development.
- LME Copper 3M Select trades $233.50 higher to $14756.50 at 8:35:00 AM
- CME HRC Steel last traded at $1237 and $0 lower at 9/18/2026
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