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 has received a substantial shareholder notice from Malaysian cornerstone investor Melewar IIC Limited after acquiring a 7% interest in a placement. Melewar, a diversified industrial firm with steel, energy and engineering businesses, acquired 8,474,576 shares priced at $0.059 as the first tranche of a $1 million placement commitment. The remaining 8,474,577 shares will be issued subject to shareholder approval, which will be sought at the company’s Annual General Meeting planned for 30th October 2015. Shares in Altech Chemicals last traded at $0.10. Melewar, which is led by executive chairman Royal Highness Prince Ya’acob Bin Tunku Tan Sri Abdullah, will then be the second largest shareholder of Altech with a 12.9% interest. Altech had raised A$1.13 million for a detailed...
Phillip Paulwell, Jamaica's Mining Minister, has disclosed that UC Rusal, the Russian aluminium conglomerate, will soon be meeting with the Electricity Sector Enterprise Team (ESET) to give a report on energy projects it is contemplating for its alumina refineries in Jamaica. UC Rusal is considering a number of options to generate electricity for ALPART, its alumina refinery at Nain in St Elizabeth, with a view to selling extra power to the national grid. It had initially considered LNG and coal as fuel sources, but is believed to be reconsidering those options, given the current low price of oil. "They will be in Jamaica at the end of this month," Paulwell told RJR News, adding that the fuel source issue will be a key feature of the discussions. The Jamaican Government will also be...
Altech Chemicals Limited is pleased to advise that it will raise a total of $1.130 million via share placement, for the commencement of detailed design work for the company’s high purity alumina (HPA) project and for corporate and general working capital purposes. The company will issue a total of 19,144,068 fully paid ordinary shares at $0.059 per share. The majority of the placement ($1.0 million) will be to Malaysian cornerstone investor Melewar IIC Limited (Melewar). Melewar is a diversified Malaysia industrial firm with steel, energy and engineering businesses, and as a result of the placement Melewar will become the second largest shareholder of the company, holding approximately 12.9% of shares on issue. The company has invited Melewar to nominate a Malaysian based non-executive...
PT Well Harvest Winning Alumina Refinery (WHW) development project continued speeding the processing of bauxite into alumina. Li Yu Yong, Project Leader alumina smelter PT WHW, said that the company had already begun construction. This phase has been underway since 2013 and is scheduled for completion later this year. Alumina refining is the first in Indonesia. "We are targeting next year to start production," Li said in Ketapang, West Kalimantan. The new plant is slated to produce as much as 1-4 million tonness of refined alumina per year. Later in the period 2018-2020, the capacity will be increased to 6-9 million tonnes per year and in the long term over 2021-2043, the production will go up to around 9 million to 12 million tonnes per year. "Until 2043, we target to produce 255 million...
Altech Chemicals is positioned to transition into a leading producer of 99.99% (4N) High Purity Alumina (HPA) at a low cost. The company's focus is to produce HPA directly from kaolin clay which will be sourced from the company’s 100% owned kaolin deposit at Meckering, Western Australia. Around 70% of HPA demand is in the Asia Pacific region, and Altech’s HPA plant in Malaysia would be well-positioned to benefit. The company has now raised A$1.13 million at A$0.059 for a detailed design phase of the company’s HPA project. A$1 million of the placement went to Malaysian cornerstone investor Melewar IIC Limited. Melewar's executive chairman, Royal Highness Prince Ya’acob Bin Tunku Tan Sri Abdullah, said that Altech’s High Purity Alumina Project is very exciting, and that he looked forward to...
The National Aluminium Co Ltd (NALCO) expressed interest to diversify into nuclear power production. The company is also looking to strengthen its raw material supply chain. It expects Odisha to give it green signal for a new bauxite mine in the next few months that will help it to start work on another 1 million tonne per annum alumina plant at a cost of about $867 million. NALCO, which has the capacity to produce 2.28 million tonnes a year of alumina from naturally occurring bauxite, is also in talks with officials in Modi's home state of Gujarat to set up another 1 million tonne a year alumina refinery there. Tapan Kumar Chand, the newly appointed chairman-cum-managing director of NALCO said, "You can't remain at the same place. If you don't grow, competitors will start growing and you...
The Nhan Co refinery plant in the Central Highlands province of Dak Nong, Vietnam is running test productions through the end of September, said Head of the project’s management board Nguyen Thanh Liem on July 30. Constructed within a 65-hectare mine, the plant is designed to process more than 1.8 tonnes of ore each year. Ore reserves at the mine are estimated at around 60 million tonnes, capable of supplying bauxite for the aluminium production plant for 30 years. The plant was initiated by the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) on September 15, 2013 at a total cost of 900 billion VND (41.2 million USD). It consists of an ore refinery plant and a 5-kilometre conveyor belt covered by corrugated iron to protect the environment. Once fully...
Altech Chemicals managing director Iggy Tan outlined the company's focus of becoming a world leading producer of high purity alumina (HPA) at Proactive's Sydney / Melbourne Luncheons this week. Currently 70% of HPA demand is in the Asia Pacific region, providing the opportunity for Altech. Altech’s HPA plant is Malaysia is therefore well-positioned to service the region. Tan said that high purity alumina will be part of the next “new age materials boom,” just like rare earths, lithium and graphene. Altech is currently targeting around $55 million in project debt, and has commenced discussions with Asian banks. Malaysia HPA Plant: - Capital cost estimate US$76.9 million. - Payback period 3.8 years. - Pre-tax NPV10 of US$326 million. - Highly attractive IRR of 30.3%. - LT sale price...
Rusal, the largest aluminium producer in Russia, intends to complete the construction of facilities to expand the production capacity of Mykolaiv alumina plant from 1.6 million tons to 1.7 million tons in 2018. "We will complete building facilities to expand the production capacity to 1.7 million tons in 2018," the plant said in a press release. The plant said that in 2014, it implemented the first phase of a project on the shipment of alumina in soft wagon inserts, which allowed the company to ship up to 50,000 tons of alumina per month. In 2015, the plant completed the implementation of the second phase of the project to increase alumina shipment in soft wagon inserts to 80,000 tons per month, which allowed for saving about $15 million a year. This year, the plant will modernize railway...
Jinjiang Group has inked a framework agreement with the government of Puxian County, Shanxi Province to build vertical aluminum processing project there. Under the agreement, the project will consist of 1 million-tpy alumina, 300,000-tpy aluminum, 200,000-tpy aluminum processing and captive power plants. With this alumina project, Jinjiang Group takes a step towards backward integration in the aluminium value chain which is becoming very crucial for the metal manufacturers under current volatile market scenario.
Indigenous businesses in north-east Arnhem Land are finding opportunities in the void left by the loss of Rio Tinto's alumina refinery, which was once the largest employer in the town of Nhulunbuy. Rio Tinto closed the Gove alumina refinery last year. Since then, economic development has been a focus for the Gumatj leaders who are expected to use this weekend's Garma festival to showcase their economic projects and announce a new agreement with the Commonwealth aimed at giving traditional owners greater control over economic development on their land. The CEO of the Gumatj Corporation Klaus Helms said the town had changed since the "curtailment" of the refinery. "What I have noticed is that the town is not reflecting a mining town anymore but becoming a regional town," he said. Mr Helms...
Orbite Technologies Inc announced today the filing of its Consolidated Interim Financial Statements for the second quarter ended June 30, 2015 . The Company reported a net loss of $3.7 million (or $0.01 per share) for the second quarter, as compared to a net loss of $4.3 million ( $0.02 per share) for the same period in 2014, representing a decrease of 12.7%. The company also reported a net working capital of $8.5 million. All dollar amounts are in Canadian dollars unless stated otherwise. Second Quarter Major Highlights: • The Company completed several financing initiatives during the quarter towards the funding of its HPA facility. • Orbite received a $2 million installment and announced it would be receiving an additional $3.0 million installment from the Government of Québec towards...
Chinese domestic alumina refineries are still operating at full capacity despite the fall in aluminium price. However, the alumina price has been dropping over the last few months as domestic aluminium smelters buy the raw materials “hand-to-mouth” in view of the falling aluminium price. According to an Antaike Report, Alumina Production in China has increased close to 11% year to date between 2014 and 2015 (Antaike). Alumina prices have also reduced from US$335/tonne freight on board (FOB) Australia in March to stand currently at US$318/tonne FOB Australia (CBIX report)). The recent signing of the free trade agreement between Australia and China is anticipated to boost Australian export of bauxite and alumina to China.
Goldman Sachs cut shares of Alumina Limited from a neutral rating to a sell rating in a research report sent to investors on Tuesday morning. Goldman Sachs has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of Lloyds Banking Group PLC from $90.00 to $89.00. They have a neutral rating on that stock. Also, Goldman Sachs lowered its price target on shares of Lloyds Banking Group PLC from GBX 90 ($1.40) to GBX 89 ($1.38). They have a neutral rating on that stock. Finally, Goldman Sachs raised its price target on shares of British American Tobacco plc from GBX 3,170 ($49.20) to GBX 3,230 ($50.13). They have a neutral rating on that stock. A number of other equities research analysts have also weighed in on the stock. Credit...
Alumina imports of China declined 117,200 mt MoM and 40.01% YoY to 223,300 mt in June, according to customs data. Shanghai Metals Market (SMM) attributed the decline to two factors- a. prices for domestic alumina fell faster than imported alumina due to growing supply, making the former more attractive; b. depreciation of yuan against US dollar. Smelter cuts which had been happening since last week if continues may pull the prices further down in the near term, industry sources said. There have been talks of planned smelter cuts in the past month on the back of long prevailing weak domestic aluminium prices, with an estimated 600,000-700,000 mt/year of capacity expected to be reduced in the short term. But till now, only one Beijing Xinheng Group owned smelter in Qinghai province has...
Chinese spot alumina prices were rangebound this week as market participants awaited clearer direction amid continued weak domestic aluminum prices and market volatility. Platts ex-works Henan alumina spot price closed the week Friday at a stable Yuan 2,360/mt ($386) for 70:30 cash and credit payment terms, unchanged from Thursday and a week ago, but down Yuan 40 on the month. Spot trade was slow moving this week as overall market sentiment remained weak, with alumina prices expected to test lower in the near term. Some spot talks for August deliveries have started, but actual trades were lacking, sources said. Henan refiners were heard quoting Yuan 2,350-2,380/mt this week for cash up to 50% credit payment terms, while smelters eyed Yuan 2,320-2,380/mt for cash up to full credit basis....
Odisha Government will provide raw material to Vedanta Aluminium through Odisha Mining Corporation (OMC) to feed its refinery plant at Lanjigarh in Kalahandi district. This was informed by the Steel and Mines Minister Prafulla Mallick on Wednesday. The Minister said the government is taking steps to excavate bauxite from Kalarapat mines soon and the refinery can be run by sourcing bauxite from the mines through OMC. He urged the company to continue operation by sourcing raw material from outside the state and abroad till the arrangement is made from the state. Vedanta is running its refinery and smelter plants in the state at less capacity in absence of raw material.
As part of a global tender for services and products, MAXAM Civil Explosives’ has been selected for 3 years as Worsley’s explosives and solutions provider at the Boddington Bauxite Mine situated in the south-west region of Australia. The South32 Worsley Alumina asset consists of the bauxite mine located near Boddington in Western Australia. South32 owns 86 per cent of the Worsley Alumina asset in a joint venture with Japan Alumina and Sojitz. MAXAM Australia will supply all blasting solutions for the next 3 years to the Boddington Bauxite Mine’s Saddleback and Marradong sites. MAXAM is providing down the hole services by first supplying its flagship RIOFLEX 10,000 bulk watergel explosives together with RIONEL non-electric detonators and other blasting accessories and will be delivering...
