Vietnam National Coal and Mineral Industries Group (Vinacomin) has proposed an integrated bauxite mining and processing project worth VND 5.2 trillion (USD 208 million) in Lam Dong province, Vietnam. Currently under appraisal by provincial authorities, it is designed to produce around 3 million tonnes of refined bauxite ore annually, reinforcing raw material requirements at the Nhan Co Aluminium Plant and the planned expansion of its alumina operations. Located in the Nhan Co Cluster, the proposal spans over 6,666 hectares. Of this, approximately 5,269 hectares are earmarked for mining and around 50 hectares for the ore processing plant. The project also includes five post-processing sludge reservoirs covering about 1,120 hectares, alongside the 318-hectare Dak Buk So 8 water reservoir. A...
Aluminium production depends on high-temperature processes where furnace efficiency, thermal management and equipment durability are essential for maintaining operational performance. However, refractory materials used in melting, holding and casting operations face continuous exposure to extreme temperatures, thermal fluctuations, chemical corrosion and mechanical wear. These conditions can lead to premature furnace-lining failure, molten-metal penetration, corundum formation and heat loss, increasing maintenance requirements and operating costs. Addressing these challenges requires materials that can withstand demanding operating conditions while keeping equipment efficient and reliable. Alkegen, a supplier of high-temperature refractory and insulation materials, serves this requirement...
Grow with
AL Circle
Alumina Limited (ASX:AWC) insider Deborah O’Toole purchased 8,000 shares of the business’s stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of A$2.25 ($1.60) per share, with a total value of A$18,000.00 ($12,765.96). ASX AWC opened at A$2.26 ($1.60) on Monday. Alumina Limited has a fifty-two week low of A$1.66 ($1.18) and a fifty-two week high of A$2.60 ($1.84). The company has a quick ratio of 23.69, a current ratio of 24.44 and a debt-to-equity ratio of 5.11. Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminium smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, the United States, Guinea, Brazil, and Spain,...
The primary aluminium spot market in China seems to be merry for the sellers on the auspicious occasion of Merry Christmas. The A00 aluminium ingot price has climbed RMB 10 per tonne on December 25, to clock at RMB 13,630 per tonne, Shanghai Metals Market found. This marks the third consecutive rise since December 21. The first rise was from RMB 13,510 per tonne to RMB 13,560 per tonne and then to RMB 13,620 per tonne and RMB 13,630 per tonne. The average prices today are expected to range between RMB 13,610 per tonne and RMB 13,650 per tonne, with spot discounts to settle at RMB 90 per tonne to RMB 50 per tonne. In the east, Wuxi, the price has recorded a jump by RMB 20 per tonne to RMB 13,625 per tonne while in Hangzhou,, the price has registered a growth of RMB 25 per tonne to RMB...
Chinese battery firm GEM Co Ltd signed a memorandum of understanding with South Korean battery producer ECOPRO Co Ltd for the supply of 170,000 tonnes of raw materials from 2019 to 2023, Reuters reported. GEM said in a filing to the Shenzhen stock exchange today that the company will provide 16,000 tonnes of lithium nickel-cobalt-aluminium oxide (NCA) cathode materials in 2019. The volume will increase to 24,000 tonnes in 2020 and 40,000 tonnes in 2021. GEM, with production capacity of 60,000 tonnes per annum, will separately negotiate with the ECOPRO about further purchase plans for 2022 to 2023. “We will adjust production capacity based on demands in 2019 to ensure the orders from customers,” said GEM on Monday separately at a platform run by the Shenzhen Stock Exchange. GEM will also...
Shanghai Metals Market found that slow expansion of domestic aluminium capacity led to an oversupply of pre-baked anode in China. This, together with higher overseas prices of pre-baked anode, drove exports of the material higher on a yearly basis in 2018. In October, China exported some 128,000 tonnes of pre-baked anode, up 53.9 per cent from a year ago. This brought in the total pre-baked anode exports from China during January-October at 1.03 million tonnes, up 23.1 per cent from the contemporary period last year, showed data by China Customs. The growth of domestic aluminium capacity slowed to below 5 per cent in the recent three years, with a negative increase of -2 per cent in 2017. However, the capacity of pre-baked anode maintained a growth rate of around 5 per cent. After a great...
According to the latest Mineral Industry Survey report from US Geological Survey, the U.S. exports of aluminium scrap, which is not included in the government’s consumption statistics, stood at 164,000 tonnes in October 2018, up 5% from October 2017 total of 156,000 tonnes. Month on month, aluminium scraps export rose16.3% from the September export volume of 141,000 tonnes. Total scrap exports stood at 1.42 million tonnes in the first ten months of 2018, up about 11.8% from 1.27 million tonnes in the same period of 2017. The U.S. export to China in October 2018 stood at 28,100 tonnes, down 65% from October 2017 volume of 80,700 tonnes. While month on month the volume rose 9% from the September export volume of 25,700 tonnes. Total scrap exports to China stood at 423,000 tonnes during...
According to a report, Aurum Exploration (Fiji) Limited is eyeing to resume bauxite shipment in the first half of 2019. It is thus, looking for options in terms of securing buyers for its bauxite resource. In an interview, the Minister for Lands and Mineral Resources Ashneel Sudhakar said operations have temporarily ceased at Naivigiri in Bua, due to a lull in bauxite export. The Minister also said that potential buyers are umpteen but the catalyst for finalising a bauxite sale is the quality. Hence, the company is reportedly taking steps to improve its bauxite beneficiation facility efficiency which should result in an improved economic value of bauxite. The target is to secure a buyer and resume bauxite shipment in the first half of 2019. He, however, explained, “there is no global...
As reported by Shanghai Metals Market, SPIC Ningxia plans to cut production at its Wuzhong plant on account of high costs and sluggish prices of aluminium. SPIC Ningxia, an aluminium smelter owned by China State Power Investment Corporation (SPIC) and Ningxia Power Investment Corporation, is set to cut aluminium capacity by 50,000 tonnes in January, 2019, a source told SMM. The smelter has an overall aluminium capacity by 990,000 tonnes currently. China’s aluminium producers are set to cut another 800,000 tonnes per year of smelting capacity in coming months, according to an official at the industry body that organised a rare meeting of smelters on Friday. In 2018, smelters by now have cut more than 3.2 million tonnes of capacity; about 80 per cent of it in the second half of the year....
According to Shanghai Metals Market, spot aluminium sellers across eastern and southern markets in China showed keen interests in offloading cargoes on Monday, December 24. The imminent year-end prompted sellers to clean their stocks and cash in, which as a result, increased cargoes offload. The SHFE January contract rebounded from the earlier lows during morning trades on Monday. Spot discounts in Shanghai were heard at RMB 80 per tonne to RMB 70 per tonne against the SHFE 1901 contract, compared to RMB 70 per tonne to RMB 60 per tonne seen on Friday morning. In Shanghai and Wuxi, most transactions were heard at RMB 13,600 per tonne to RMB 13,610 per tonne while in Hangzhou, the transaction was at RMB 13,620 per tonne to RMB 13,630 per tonne. The prices were up close to RMB 50 per tonne...
Liberty House, the industrial group owned by Sanjeev Gupta, is in talks to acquire aluminium and steel assets in the UAE as the company looks to expand its presence in the Middle East, according to news published by The National. David Dawson, the chief executive of Liberty House Industries, a unit of the parent company, said: “We are significantly advanced on two particular acquisitions and hope to make some announcement in the next year.” “We are keen to establish our industrial presence in the Middle East and what we are really doing in many ways is replicating our global strategy.” Mr Dawson said that the Liberty House Industries expects its revenue to grow up to 20% in 2019 in the region if the acquisition in the UAE is finalised. “Despite some market challenges around the region, we...
Despite an increase in alumina production in November, China’s alumina export stood down by 37.9 per cent from October, showed Shanghai Metals Market. China exported a total amount of 285,700 tonnes of alumina in November compared to 460,000 tonnes and above in October. According to SMM, China’s total alumina production in November came in at 6.08 million tonnes, with average daily output at 203,000 tonnes. This marked a growth by 6.7 per cent from a year ago and 4.1 per cent from a month earlier. In October, China’s alumina production was at 6.039 million tonnes, with average daily output at 195,000 tonnes. However, regardless the fall in China’s exports volume in November than the previous month, it stood 72 per cent higher than 166,000 tonnes in September, which was the then the...
The US dollar index recovered to 97 on Friday from a month-low on Thursday after the Federal Reserve signalled fewer interest rate hikes over the next two years and expressed caution about the US economic outlook. LME base metals, except for tin, traded lower on Friday with aluminium fell 0.4%. SHFE aluminium inched up 0.1%. The LME aluminium contract closed Friday’s trading at US$ 1920 per tonne, from US$ 1923.50 per tonne on Thursday, December 20. LME aluminium fell to close at US$1,907 per tonne on Friday night as the US mulled lifting Rusal sanctions. SMM expects the metal to trade at US$1,890-1,920 per tonne today. As on December 21, LME aluminium cash (bid) price stood at US$ 1919 per tonne, LME official settlement price stands at US$ 1920 per tonne; 3-months bid price stands at US$...
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped 4,000 tonnes over the weekend ended on Monday, December 24, to stand at 1.276 million tonnes. The decline was, however, slower compared to the previous day, primarily because of more arrivals from smelters over the weekend. The current status of primary aluminium inventories across China is given in the chart below: In the background, the spot price of A00 aluminium ingot recorded a jump today, on December 24, from RMB 13,560 per tonne to RMB 13,620 per tonne, marking a growth of RMB 60 per tonne. This marks a rise for the second day in a row after a plunge on December 20, from RMB 13,590 per tonne to RMB 13,510 per tonne. On December...
Dubai Investments has appointed Abdulaziz Bin Yagub Al Serkal as the CEO for its Building Materials Platform, covering a portfolio of subsidiaries which offer a comprehensive range of products and services in the construction sector. The company said the Building Materials subsidiaries bring expertise in a number of areas in the construction process including solar technologies, glass, aluminium, steel structures, polystyrene insulation and more. Al Serkal is currently the Chairman of the Board for a number of companies including Emirates District Cooling and Modul University, and sits on the Board of Directors for a range of diverse businesses such as Dubai Investments Industries, Masharie, Dubai Investments Real Estate, Al Taif Investments, Al Mal Capital, and Al Qudra Sports...
The Barracuda Yacht Design studio has reportedly revealed a 55-metre tri-deck motor yacht concept. The design of the yacht includes aluminium hull and superstructure along with 8.3 metre beam. Besides, the key features of the vehicle include a touch and go helipad on the foredeck, tender garage on the main deck, and sunpads on the fly-bridge. The Barracuda has designed 500GT yacht in such manner that it ensures a plenty of space for dining outside beneath a protective bimini. The accommodation capacity in the yacht will be of 10 guests in total comprising a full beam owner’s suite with sea terraces on either side. Four symmetrical guest cabin meanwhile sit on the main deck, which can all be accessed from a central corridor connecting to the main deck saloon, dining area, and aft deck. The...
According to a Reuters report, trading house Marubeni has projected Japan aluminium premiums to rise towards a range of between US$100 and US$130 a tonne in late 2019 due to tighter global supplies despite Rusal getting back into action. LME aluminium prices sank to a 16-month low on Thursday on the news that it would withdraw sanctions on Rusal in one month. “We didn’t expect the U.S. to lift the sanction on Rusal this early, but aluminium market has largely discounted the lifting for some time,” Hideya Kitamura, general manager at Marubeni’s light metals section, told reporters on Thursday. He also added that aluminium price would recover next year on supply tightness and premiums would rise above $100 a tonne in and after April during pick demand season. Japan being Asia’s top...
According to a report by Reuters, China’s aluminium producers are set to cut more than 800,000 tonnes per year of smelting capacity. The news came after analysts from Antaike attending a key smelter meeting in the southern region of Guangxi today said this. However, the analysts attending the meeting did not say over what time period that capacity cuts would be made. In 2018, smelters by now have closed more than 3.2 million tonnes of capacity; about 80 per cent of it in the second half of the year amid a slump in aluminium prices, said Antaike analysts. The incessant fall of aluminium prices and slow demand for the metal this year has brought together the major aluminium producers of China in Guangxi on December 21. Aluminium futures on the Shanghai Futures Exchange (SHFE) are down 13.5...
Introduction: The year 2018 has seen some unprecedented developments in the global alumina and aluminium market scenario that has turned the market upside down making all previous forecasts redundant. The alumina market went through a topsy-turvy and volatile period with sharp rise and fall in prices and supply disruptions. The almost balanced market in the beginning of 2018 after the environmental capacity cuts turned to a deficit market in the second quarter leading to a sharp increase in prices. Supply tightness and uncertainty created panic in the market. Though towards the end of 2018, the prices started consolidating, the supply side uncertainties still continue to persist. Read through the article that sketches the development in the alumina industry over the year 2018. YTD...
The Alliance for Beverage Cartons and the Environment (ACE) has launched a new platform to drive the industry’s engagement in carton recycling across Europe. The platform aims to encourage recycling of beverage cartons, including the non-paper components, such as polymers and aluminium. The platform, named EXTR:ACT – Driving Value for mulitmaterial recycling, has been set up by ACE members BillerudKorsnäs, Elopak, SIG Combibloc, Stora Enso and Tetra Pak. EXTR:ACT aims to work in partnerships with stakeholders with similar needs in recycling of composite packaging. According to ACE, the new platform beverage carton industry takes additional measures to increase recycling of its packages, scale and drive value for recycling solutions and secure their long-term sustainability. “We have come...
