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 Ltd has banked $744,000 in a Share Purchase Plan and $2 million in total funds raised toward finalising the detailed design of Altech’s proposed high purity alumina (HPA) plant in Johor, Malaysia. Altech is aiming to become a leading supplier of 99.99 per cent (4N) high purity alumina (HPA) (Al2O3). Altech is unique in that it uses a process to convert aluminous clay, sourced from its own quarry in Western Australia to HPA in a simple, highly cost effective process with operating costs a fraction of its larger, more established peers. A recent Bankable Feasibility Study for the development of a 4,000 tonne per annum HPA processing plant at Johor provided robust financial outcomes from development of the project including a pre-tax NPV of US$358 million (previously US$326...
Australia’s Alumina is confident recent moves to restructure its business will pay off in the near term, after the price of its alumina rallied in the wake of its cost-cutting program. But the group’s joint venture partner, US aluminium giant Alcoa, isn’t as upbeat about the state of the industry and has flagged a large number of job cuts. Alumina’s business is a 40 per cent stake in the Alcoa-managed AWAC alumina alliance. Alumina (AWC) chief executive Peter Wasow, commenting after the release of US-based Alcoa’s quarterly earnings release, said lower alumina prices had negatively impacted profit margins over the first quarter. Aluminium prices had fallen heavily in last half of 2015, taking prices for the intermediate alumina product down in the process. AWAC’s production of alumina was...
Majority aluminium smelters in China have been reported to be hit by higher costs in March, especially from alumina, SMM survey found. Average cost at smelters surveyed by SMM rose 3.3 per cent month-on-month in March, driven mainly by 9.6 per cent increase in alumina costs, according to SMM statistics. Looking ahead at April, alumina prices will not see big gains along with growing supply, SMM predicts. Rising coal prices in March will pass through to power costs at smelters, though.
According to a recently published market research report, the global high purity alumina market is projected to reach USD 5.09 billion by 2020, growing at a CAGR of 20.1 per cent between 2015 and 2020. The rising demand of high definition televisions, smart phones, electronic sensors, and LED displays has been identified as one of the most significant factors influencing the growth of the high purity alumina market. The electronics market in China account for more than half of the global electronics market. The demand for electronic items has increased over the years, which has directly led to the increasing demand of high purity alumina in the Asia-Pacific region. LED is the largest application segment in the high purity alumina market. The use of HPA is increasing across other...
More alumina producers in China will join recent capacity restart wave on improved profitability, Shanghai Metals Market experts expect. Alumina capacity restarts in China have amounted to 2.8 million tonnes per year over the past more than one month, SMM statistics showed. Besides, China will see about 1.8 million tonnes per year new alumina capacity come on stream in the near future, according to SMM survey.
Orbite Technologies Inc. announced today the filing of its Financial Statements for the fourth quarter and year ended December 31, 2015. During the fourth quarter, the company reported a loss before net finance expense (income) and taxes of $3.9 million, down 23.5 per cent from $5.1 million for the same period in 2014. For the full year, loss before net finance expense (income) decreased by 13.9 per cent, or $2 million, from $14.4 million to $12.4 million, as compared to fiscal 2014. As at December 31, 2015, the company had an aggregate cash and short-term investments balance of $2.6 million, and positive working capital (current assets less current liabilities) of $4.2 million. Subsequent to year end, in fiscal 2016 to date, the company has raised capital, strengthening its working...
Strong rise in alumina prices have been supporting China’s domestic aluminium price. According to the latest data, alumina prices increased 18.2 per cent from the start of the year, which greatly outpaced the aluminium price rise and lifted the price ratio between alumina and aluminium from 0.28 in the beginning of this year to 0.32 in March. Industry analysts note that unlike aluminium, where production cuts ceased in Q1 this year in China, production cuts for alumina continued in the first quarter as a result of scheduled capacity idling from the end of last year when the alumina price plunged due to the aluminium smelters’ production cuts. The analysts further point out that the time lag in refinery production cuts led to a strong rebound in alumina prices YTD, and they believe the...
Lightweight metals major Alcoa announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group (DUET) for AU$205 million (US$154 million approx.). DBP is currently owned 20 per cent by Alcoa of Australia and 80 per cent by DUET (in aggregate). As part of the transaction Alcoa of Australia will maintain its current access to approximately 30 per cent of the DBNGP transmission capacity for gas supply to its three alumina refineries in Western Australia. The sale is expected to close in early April. The company expects to recognize a gain in connection with the sale of between $10 million and $15 million, after-tax and non-controlling interest, or $0.01 per share. Alcoa of Australia expects...
Bulk commodity producers have continued to struggle during the early stages of 2016, even with efforts made to cut costs, noted a recently published report on global Metallurgical Bauxite & Alumina market. With low bauxite and alumina prices expected to persist and demand from China remaining low, there may be a number of distressed assets coming onto the market throughout 2016, many with the potential for closure, according to the report which has forecasts till 2026. During challenging market conditions, there is often a trend towards restructuring and consolidation of ownership. There is every possibility that 2016 may be particularly eventful for the aluminium industry, a year that has the potential to be defined by a large reorganisation of the corporate landscape. Previously in...
China’s alumina output will rebound slightly in March after consecutive months of declines as rising prices will spark capacity restarts, SMM understands. China’s alumina output was 4.25 million tonnes in February, down 7.41 per cent from January and 0.3 per cent from a year ago, SMM survey found. Tightening supply from output cuts allowed weighted average price of the raw material used in aluminum smelting to rise to 1,875 yuan per tonne in China’s four major markets in the first half of March, a gain of nearly 11 per cent from February’s average price.
Alumina import to China rose 13 per cent year-on-year in February 2016 and 23.12 per cent year-on-year during January - February 2016, revealed data released by the General Administration of Customs, China on March 21. Total alumina imported in February stood at 372,375 million tonnes, while it scaled up to reach 879,903 million tonnes during January - February 2016. Australia shipped 191,152 million tonnes of alumina to China in February and 550,296 million tonnes over January - February. Alumina import from Brazil to China during January - February also increased 25 per cent from the corresponding period previous year. Customs data showed, alumina imports from Vietnam and India to China during January - February period declined 26 per cent and 73 per cent respectively from the same...
Metro Mining has increased the offer for Gulf Alumina Limited. In December 2015, Metro announced an all scrip merger offer of 3.3 shares in Metro for every 1 share of Gulf. On 8 March 2016 the Original Offer was declared to be free of all conditions. Metro said that as a result of acceptances of the Original Offer by a number of Gulf shareholders, Metro is currently entitled to over 22 per cent of the fully paid ordinary shares in Gulf. Metro has now outlined an improved offer for all of the ordinary shares in Gulf of 3.5 Metro Shares for every 1 Gulf Share, subject to: (i) Metro having a relevant interest in more than 50 per cent of all Gulf shares by or before the end of the offer period which, unless extended, will end at 7.00pm on 15 April 2016; and (ii) there being no change to...
Directorate General of Customs Valuation Karachi has revised customs values on the import of Aluminium Hydroxide/Alumina Hydrate from India, China, Korea, India, USA, EU and Japan for assessment of duty/taxes. The directorate has superseded Valuation Ruling No 233/2010, dated 09-03-2010 through a ruling (819/2016) issued here on Monday. According to the ruling, Aluminium Hydroxide/alumina Hydrate (powder form), origin India, customs values fixed at (C & F) 0.27 US $ per KG; other origins, customs values (C & F) 0.30 US$ per KG; aluminium Hydroxide/Alumina Hydrate (Gel / paste form), origin China, Korea, India, customs values (C & F)0.50 US$ per KG and imports from USA, EU and Japan of the said item would be subjected to Customs Values (C & F) 0.60 US$ per KG. In cases where declared /...
Altech Chemicals Ltd has advised that it is aiming to become one of the world's leading suppliers of 99.99 per cent (4N) high purity alumina (HPA) (Al2O3). HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of artificial sapphire. Altech is currently heading to market with a capital raising, and the ASX has granted a trading halt to prepare. The halt will remain in place until the opening of trade on Wednesday 23rd March 2016, or earlier if an announcement is made to the market.
Orbite Technologies Inc., further to its press release of March 15, 2016, has provided an update on the company's progress towards high purity alumina (HPA) plant completion and commissioning. • As indicated in the company's March 15 press release, due to additional financing requirements, management has temporarily scaled down the number of external contractors on site to reduce working capital requirements. • While this slows down certain construction activities, Orbite employees continue commissioning activities as described in the company's press releases of March 7 and March 15, 2016. • Additionally, Management is reviewing its project execution structure to promptly address deficiencies from its project management and engineering teams. • Concurrently, Management is working on a...
Altech Chemicals Limited has updated that further to the suspension of the trading of its securities on the ASX pre-open this morning, Perth stockbroking firm DJ Carmichael Pty Ltd is co-ordinating a placement of fully paid ordinary shares of the company to a variety of professional and sophisticated investors (the Placement). It is the intention of the company to announce details of the Placement pre-open on Wednesday 23 March 2016. In addition to the Placement, the company intends to conduct a Share Purchase Plan (SPP), whereby existing shareholder of the company can subscribe to a maximum of $15,000 of new shares, at the same price as the Placement shares. The company intends to also announce details of the SPP on 23 March 2016. Funds raised by the Placement and the SPP will be applied...
Altech Chemicals Ltd has appointed M+W Group as its engineering, procurement and construction (EPC) contractor for its high purity alumina (HPA) project. The appointment of M+W Group as EPC contractor by Altech marks the formal commencement of the final detailed engineering design phase of the project. Iggy Tan, managing director for Altech, commented: “M+W Group brings vast construction experience and knowledge to the project. "With a strong presence in Asia, and specifically experience at project construction in Malaysia, the use of its local Singapore and Malaysian offices for construction with detailed design in Germany is a perfect combination for us.” Altech is aiming to become one of the world's leading suppliers of 99.99 per cent (4N) high purity alumina (HPA) (Al2O3). HPA is a...
Altech Chemicals Ltd has revealed results of an update to its Bankable Feasibility Study (BFS) for the development of a 4,000tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Key outcomes of the updated BFS include: • Increased estimated pre-tax NPV9 of US$358 million (previously US$326 million). • Higher Internal Rate of Return (IRR) of 33 per cent (previously 30%). • Capex US$78.7 million (was US$76.9 million). • Long-term sale price forecast unchanged at US$23,000/tonne for 99.99 per cent (4N) product. • Cost of goods sold slightly higher at US$9,074/tonne. • EBITDA of US$55.7 million per annum at full production. Iggy Tan, managing director, commented: “This updated BFS confirms the financial and technical robustness of the company’s HPA project, as was identified in...
