The US aluminum trihydrate market strengthened in September 2026 as downstream procurement, rising overseas production costs, and shipping bottlenecks supported prices. In contrast, Bosnia’s market faced a quarterly correction as European buyers drew on accumulated inventories and lower caustic soda costs eased manufacturing pressures, highlighting diverging regional price trends. US aluminum trihydrate market gains on demand and supply constraints US aluminum trihydrate prices increased 2.38% month over month in September, supported by purchases from wire and cable manufacturers, electrical infrastructure compounders, and electric vehicle (EV) component producers. Demand remained particularly resilient for applications involving low-smoke cable compounds and flame-retardant materials....
China-based China Aluminum International Engineering Co., Ltd. (CHALIECO) has won a bid for an engineering, procurement and construction (EPC) contract valued at approximately USD 833 million for a proposed alumina project in Vietnam, adding to investment activity in the country’s mineral processing sector. The project, being developed by Binh Phuoc Ore Mining and Beneficiation Joint Stock Company, is designed to process 2.4 million tonnes of alumina annually. The proposed contract is valued at around CNY 5.595 billion (USD 839.04 million), with completion expected within 27 months of the contract’s effective date. CHALIECO to oversee turnkey refinery development Under the proposed turnkey arrangement, CHALIECO’s responsibilities will cover the full project delivery process, from...
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Altech Chemicals Limited is raising up to $20 million to start construction of its high purity alumina (HPA) plant in Malaysia. The company said it has received from institutional and professional investors for a share placement of A$17 million. Altech will offer a Share Purchase Plan (SPP), whereby existing eligible shareholders will purchase up to $15,000 of new shares at the same price paid by the placement participants. The company expects SPP will raise up to an additional A$3 million. Altech managing director, Mr Iggy Tan said, “The Company is extremely pleased with the support that it has received for the share placement. The placement was well supported by existing shareholders and we are delighted to welcome a number of high quality new investors onto the share register.” “The...
Emirates Global Aluminium (EGA) has signed an agreement with the American University of Sharjah to study the conversion of organic waste into biochar, a stable form of carbon that is used worldwide to improve the potential of soils to support plant life. EGA is interested in the potential of combining biochar with bauxite residue, a by-product of alumina refining, to create soil for greening and other uses in the UAE. Source: EGA Abdalla Alzarooni, EGA’s Vice President of Technology Development & Transfer, said: “Finding economic uses for bauxite residue is a challenge for our industry globally. This research with AUS is an important part of our investigations into one potential solution, and we are pleased that we can work with UAE-based scientists on this project. We also hope this...
Chinese alumina producers Aluminium Corporation of China and Luoyang Heungkong Wanji Aluminium Co Ltd have announced major alumina production cuts in the provinces of Shanxi and Henan respectively. Shanxi province is China’s second biggest alumina producing province. Reuters reported that Luoyang Heungkong Wanji Aluminium Co today announced it has cut alumina production by 680,000 tonnes on an annual basis, citing high bauxite prices and low alumina prices. “On the one hand, the (alumina) price is low,” Deputy General Manager Wu Xingzhong told Reuters by telephone. “On the other hand, it’s because there is no ore [bauxite],” he said. Aluminium Corp of China, known as Chalco, announced on Thursday, July 5, that it would cut 770,000 tonnes of annual alumina production capacity at its Shanxi...
According to the latest update by Shanghai Metals Market, alumina production in Lvliang of Shanxi province is likely to be affected as the area was highlighted in China’s three-year initiative to “make skies blue again”. This initiative was released by the State Council on June 3, 2018, with an aim to reduce levels of PM2.5 in three years, lower the number of heavy-polluted days and improve air quality. From Beijing-Tianjin-Hebei region, the key focus areas of this initiative will further expand to include some of the surrounding cities like Jinzhong, Yuncheng, Linfen, and Lvliang in Shanxi province, Luoyang and Sanmenxia in Henan province, and Xi'an and Tongchuan in Shaanxi province. Primary aluminium is also a targeted sector for this initiative, thereby, likely to face some impact on...
Utkal Alumina International, a fully-owned subsidiary of Hindalco, declared on July 4, that it would most likely finish its 500-kilotonne expansion over the next 30 months. This project involves a capital outlay of INR 1300 crore. Hindalco managing director Satish Pai told, “Our Utkal plant remains the most efficient producer of alumina globally and continues to provide strong support to our upstream aluminium business. The Rs 1,300-crore capacity expansion by 500 kt has already begun and is expected to be over in the next 30 months." Mr. Pai further said the company is completing the expansion plan fast thinking that the world-wide third-party alumina market would remain tight. In the financial year 2018, the company had achieved record production of 1,291-kilotonne with alumina...
Altech Chemicals Limited has provided an update on the development of its high purity alumina (HPA) project in Malaysia. The company’s Managing Director Iggy Tan updated Proactive Investors that Altech’s HPA plant can lower production costs by utilising disruptive technology. Altech is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA). The company will construct a 4,500tpa HPA plant at the Tanjung Langsat Industrial Complex, Johor, Malaysia. Iggy Tan said: "We're going to build a 4,500 tonne per annum plant, but the growth in [demand] is so strong that we expect there will be 20 times our plant in growth by 2025... we are the only project in the world today that's at funding stage... we have a totally different process, we're disruptive, and we...
The phased construction of the Jamaica-Gansu Industrial Park, the island's first Special Economic Zone (SEZ) is expected to start next January, Government minister Mike Henry said this to the Jamaican House of Representatives last Wednesday. Jiuquan Iron and Steel Company (JISCO) that operates the Alpart alumina refinery in Nain, St. Elizabeth has announced investment of about US$6 billion in June 2018 for the development of Gansu Industrial Park and Special Economic Zone around the refinery. According to Henry, the Government is currently looking at the “dual impact” of the industrial park, which is being supported by Chinese firm, JISCO. Henry said during the sectoral debate that that JISCO is streamlining the development of the industrial park with a total investment of US$6 billion...
According to a report from the Dak Nong Aluminum Company of Vietnam, its Nhan Co Alumina plant in the Central Highland province of Dak Nong earned more than 3.2 trillion VND (US$141 million) in revenue in the first half of 2018. The company belongs to the Vietnam National Coal and Mineral Industries Group (Vinacomin). The refinery produced more than 324,000 tonnes of alumina in the first half of 2018, which is about 56% of the annual alumina production target. The plant’s total alumina output stood at 600,348 tonnes in one year of operation. Out of the total production in the first half of 2018, 303,000 tonnes of alumina produced by the Nhan Co plant were consumed during the January-June period, about 55.6% of the annual target. Vinacomin Chairman Le Minh Chuan attributed the reduced cost...
Spain bought US$350 billion worth of goods from around the globe in 2017. The country’s alumina imports also increased to 44875 tonnes in 2017, up from 33407 tonnes in 2016. Spain imports substantial amount of alumina from France to meet the country’s domestic demand. According to recent estimates, in 2017, the top alumina exporting countries to Spain were France (25093 tonnes), Germany (11585 tonnes), Greece (2600 tonnes) and Hungary (1107 tonnes). In 2018, it is estimated that Spain will continue to import huge amount of alumina from France. As per global import-export data, Spain is estimated to import 22986 tonnes of alumina in the half of 2018, up from 20606 tonnes of alumina in the same period previous year. The import volume is estimated to increase to 25397 tonnes in the second...
After rallying at RMB 2786 per tonne for two days in a row on June 25 and 26, alumina spot price plunged to RMB 2745 per tonne in China today, on June 27, 2018, according to Shanghai Metals Market. The average price is expected to hover at RMB 2745 per tonne. In the east, the alumina price dropped to RMB 2765 per tonne today after hovering at RMB 2805 per tonne on June 25 and 26, while the average prices are expected to range between RMB 2750 and RMB 2780 per tonne. In the central, on the other hand, the price dipped to RMB 2765 per tonne from RMB 2790 per tonne from June 19 to 26, with average price same as in the east. In north and south, the prices declined from RMB 2785 per tonne to RMB 2730 per tonne and from RMB 2770 per tonne to RMB 2725 per tonne. The average prices are expected...
Gansu Industrial Park and Special Economic Zone in Nain, St. Elizabeth, where China-based Jiuquan Iron and Steel Company (JISCO) operates the Alpart alumina refinery is going to get a facelift, as the company itself will invest over US$3 billion for the development. Pivotal to Jamaica’s Logistics Hub Initiative (LHI), this park is one of the largest business parks developed by the Jamaica Special Economic Zone Authority (JSEZA) and is expected to generate 60,000 jobs on further development. Chairman of the JSEZA, Metry Seaga, provided all the possible details of the development during a media briefing at the authority Waterloo Road, St. Andrew, on Wednesday, June 20. He said this development would involve the establishment of a bauxite/alumina refinery, an electricity plant to power the...
Russian aluminium giant UC Rusal-operated Friguia alumina refinery in Guinea has restarted its operations on Wednesday, June 20, 2018. The news came to focus when the West African country’s mines minister reported to Reuters yesterday, on June 21, 2018. According to the update in May 2017, the refinery was planned to restart in April this year, with an alumina production capacity of 65,000 tonnes per year. But the US-sanctions hit since April 2018 on all Russian aluminium companies, including Rusal, could be the cause for delayed recommencement of the Friguia refinery. Friguia officially resumed its operations just a day after Rusal declared the beginning of bauxite shipment from its Dian-Dian bauxite project in Guinea to alumina refineries in other countries. “The recovery of the Friguia...
Anrak Aluminium Limited (AAL), a joint venture of Penna Group and Ras Al Khaimah Investment Authority, is reportedly taking a serious effort to recommence operations at its alumina refinery in Vishakhapatnam, Andhra Pradesh. The company is planning to arrive at a one-time settlement with the SBI-led consortium of banks for putting its 1.5 million tonne alumina refinery in order. A few years ago, the refinery was built after acquiring 2,300 acres of land through the AP Industrial Infrastructure Corporation at Rachapalli, 80 KM away from AAL’s alumina refinery at Makavaripalem in Vizag. The refinery project was completed in 2013, along with a 72x3-MW captive power plant, with a total investment of 6000 crore, which was half of its loan through the consortium. Earlier, many other refinery...
Jamaican Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith believes that Jamaica’s alumina exports are likely to be affected by the ongoing trade dispute between the United States and other countries. On Tuesday, June 19, she briefed to a press at the foreign ministry in New Kingston that US’ move to restrict its aluminium and steel imports from other countries could disrupt Jamaica’s supply chain, besides affecting Jamaica’s trading partners. Johnson Smith further explained to the members of the media that none of the countries to which Jamaica exports its alumina are exempt from the metal tariffs. For example, Jamaica exports alumina to China, which the latter uses to make aluminium and then supply to the US. “I want to recall that while Jamaica does not produce or...
The U.S. imported 463,000 tonnes of alumina in the first quarter of 2018, 31 per cent more than the total of 355,000 tonnes in the fourth quarter of 2017, and 50 per cent more than the total of 308,000 tonnes in the first quarter of 2017, according to the latest USGS release on Bauxite and Alumina in the First Quarter 2018. The increase was due to the restart of aluminium smelting capacity scheduled to take place in the first half of 2018. Brazil was the top alumina supplier to the U.S. in the first quarter of 2018.Brazil exported 390,000 tonnes of alumina in the mentioned period. In the first quarter of 2018, import from Brazil stood at 69%, import from Australia stood at 11% and import from Jamaica stood at 8%. Exports of alumina by the U.S. in the first quarter of 2018 were 87,000...
Alumina prices continued to decline across China, facing pressure from higher operating capacity, potential surge in domestic supply, and falling prices of primary aluminium, according to Shanghai Metals Market. On Friday, June 15, 2018, the price of alumina averaged RMB 2812 per tonne, down RMB 92 per tonne from a week ago, according to SMM assessment. This marked a decline for four weeks in a row. In Shanxi and Henan province, the traded price dropped below RMB 2800 per tonne, SMM believed. However, according to Shanghai Metals Market, alumina operating capacity is likely to increase another 1 million tonne per year from July. Some 100,000 tonnes of bagged alumina at Guangxi ports also ramped up the likelihood of sale in the domestic market. The incessant drop of primary aluminium price...
Altech Chemicals announced yesterday, June 14, 2018, that it has signed a US$60 million stream finance term sheet with a US-based global alternative investment group for its proposed high purity alumina (HPA) project. Global HPA demand in 2016 was approximately 25,315 tonnes per annum and is likely to grow at a compound annual growth rate (CAGR) of 16.7 per cent, until 2024. A stream finance facility is a structured alternative financing product whereby the facility provider agrees to pay the facility amount in advance in exchange for a percentage of future gross sales. The facility term sheet that Altech has received assures an advance of US$60 million, which would be used for the development, construction and working capital requirements of the project. It is structured to operate in...
In an interview to Economic Times, TK Chand, CMD, Nalco, says he expects the shortage in aluminium market to continue and the alumina and aluminium prices to remain bullish. According to him, in Q1 FY19, the company’s profit and EBITDA trend will continue to remain higher due to higher average realisation of alumina. While in Q4, the average realized alumina price was around $400 per tonne, in this quarter it is expected to be about $540. According to him, though realized alumina prices have corrected from about US$600-700 per tonne in April to about US$490 currently, the prices are going to remain strong at a range between US$475 and US$525 per tonne. Brazil alumina supply is still uncertain because of the Alunorte capacity closure issue and the market would remain tight. The alumina...
