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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TOR Minerals International, makers of specialty mineral products, declared its first quarter financial results on 6th May, 2015. The company reported specialty alumina revenue of $4,348 for the first quarter of 2015, compared to $5,259 reported for the same period last year. There has also been a dip of 17% in net sales of specialty alumina. The company experienced overall fall in revenue by 23% to $10.1million in Q1 2015 and net loss of ($190,000) versus Q1 2014 net income of $707,000. The decrease in specialty alumina sales, which includes ALUPREM®, HALTEX® and OPTILOAD® was pegged primarily to a decrease in volume from a large U.S. customer while the negative effect on foreign currency translation also played a part. TOR however confirms that there will be a unit volume growth expected...
The mega alumina refinery project at Abu Dhabi is all set to begin construction this year according to top officials. EGA’s planned mega refinery project has almost completed the engineering study according to Saeed Fadhal Al Mazrooei, CEO of UAE Operations at EGA. At the inaugural site of Gulf Fluor, he told reporters that a detailed engineering study will commence soon. An estimated cost for the mega project can only be determined after the full engineering study is completed said Al Mazrooei. The project will have an estimated capacity of 4 million tons per annum of alumina and will be built in two phases. It will be located adjacent to Emal smelter in Khalifa Industrial Zone due to which it is estimated to require “very low capez” the CEO said. EGA, founded in 2013 has seen...
Orbite Aluminae Inc. announced today that it has received from the Government of Quebec, a $2 million installment towards its 2012 and 2013 Quebec Investment Tax Credits, related to equipment purchased for manufacturing and processing in the Gaspe region during the 2012 and 2013 financial years. The Company has to this date received an aggregate of $22.4 million of the $25.7 million of tax credits due to the Company related to the 2012 and 2013 financial years. These funds have been deposited in a segregated account and serve as security for the convertible debentures issued in 2012. The Company anticipates receiving the balance of its 2012 and 2013 investment tax credits during 2015.
The Gulf's first aluminium fluoride plant in Abu Dhabi is aiming to tap growing demand from smelters in the region, its chief executive said on Tuesday. Commercial production has begun at the Dh1.5 billion ($410 million) newly-built facility run by Gulf Fluor, a family-owned private firm. Gulf Fluor will produce 60,000 tonnes per annum of aluminium fluoride and some other chemicals used in the aluminium, construction, agriculture and refrigeration sectors. Aluminium fluoride is used in aluminium production, which has been rising rapidly in the Gulf, partly because of the region's low energy costs and extensive port facilities, as well as its booming construction industry. "Our target markets are aluminium smelters in the UAE, Bahrain, Oman and other places where demand is growing for the...
Orbite Aluminae Inc. is pleased to announce that further to its press releases of January 8 and March 13, 2015, the Company has now been granted patents in Canada and the Unites States pertaining to its Red Mud Monetization technology. The two patents are Canadian patent 2,857,574 and U.S. patent 14/371,364, both titled Processes for Treating Red Mud. These patents entitle Orbite to the exclusive use of these inventions for a period of twenty (20) years following their respective filing date. Red mud is the waste product generated by the Bayer process, the industrial process used for refining bauxite to obtain alumina, the raw material for the electrolytic production of aluminum. Red mud represents a long-term environmental liability for the entire alumina industry. The Orbite process is...
Guizhou Huajin Aluminum Co. put half of its 1.6 million-tpy alumina project online on April 29, CNMN website reported. The remaining 800,000-tpy is still under construction and slated for production in August this year, it added. Guizhou Huajin Aluminum Co. is a JV between Chaclo and Jinjiang Group.
Nabaltec AG published its 2014 consolidated financial statements today and confirmed the preliminary figures for last year. Revenues remained stable at a high level, climbing by 7.8% to EUR 143.3 million (2013: EUR 132.9 million). EBIT grew by a strong 21.0%, to EUR 12.7 million (2013: EUR 10.5 million), and EBITDA climbed to EUR 22.4 million, up from EUR 19.8 million the year before (up 13.1 %). Nabaltec's consolidated earnings (after non-controlling interests) more than doubled in the reporting year, to EUR 5.5 million (2013: EUR 2.6 million). Accordingly, earnings per share increased from EUR 0.33 the year before to EUR 0.69 in 2014 (up 109.1%). Results in all four quarters of 2014 exceeded the comparison values from the year before and contributed equally to the overall revenue...
Altech Chemicals Ltd publishes March 2015 Quarterly Report on 30th May. Highlights of the report: Altech appoints BFS partners and key suppliers for HPA operation • Seatram appointed as Altech's transport and logistics services provider • M + W Group appointed as the EPCM partner to facilitate transition from BFS to construction • Tialoc Group (formerly Atea) appointed as composites supplier for Altech's Malaysian HPA plant • Castle Group as mining and processing partner for Altech's Meckering aluminous clay operation Malaysian subsidiary incorporated for HPA project • Incorporation of wholly-owned Malaysian subsidiary 'Altech Chemicals Sdn Bhd' on January 6, 2015 to support Altech's Malaysian-based activities Altech produces competitive HPA results • Analysis of Altech's HPA samples...
Xingan Chemical Alumina Plant shut down 1.8 million-tpy alumina capacity on April 25 due to an accident, Shanghai Metals Market has learned. It will take about 2 months for production to return to normal. Some traders raised offers by 40 yuan/tonne to 2,540 yuan ($415) per tonne immediately after the news. However, this closure is unlikely to push up local prices, Liu Xiaolei, SMM aluminum analyst said,, citing high alumina inventories in Shanxi and weak demand from aluminum smelters.
Orbite Aluminae Inc. announced the filing of its Consolidated Interim Financial Statements for the first quarter ended March 31, 2015. The Company reported a net loss of $2.7 million (or $0.01 per share) for the first quarter ended March 31, 2015, as compared to a net loss of $4.4 million ($0.02 per share) for the same period in 2014, representing a decrease of $1.7 million, or 39.1%. All dollar amounts are in Canadian dollars unless stated otherwise. First Quarter Highlights: • Cash and Short-Term Investments of $2.2 million as at March 31, 2015.With subsequent $10 million bought deal ($9.4 million net of underwriter's fee) announced on April 6, 2015, pro-forma balance of $11.6 million. • Short term loan increased by $3.0 million during Q1 2015 compared to December 31, 2014 due to the...
Highlights - Memorandum of Understanding with Melewar Integrated Engineering Sdn Bhd - Part of the diversified Melewar Industrial Group Berhad (MIG-Melewar) - Construction services for buildings and steel works, civil works, roads and site infrastructure Altech Chemicals Limited is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Malaysian engineering and construction group Melewar Integrated Engineering Sdn Bhd (Melewar), appointing it as construction contractor for Altech's proposed high purity alumina (HPA) processing plant in Johor Bahru, Malaysia. Melewar is a leading multi-disciplinary engineering firm and offers one stop solutions to industrial planning, project engineering, development, construction and management. Melewar is part of the...
The city-based Jawaharlal Nehru Aluminium Research Design and Development Centre (JNARDDC) has developed an indigenous process of preparing 'special alumina', which is usually imported. Special alumina, which is the precursor for manufacturing aluminium from bauxite ore, has multiple uses as fire retardants, semiconductor devices, abrasives in paints and pigments, glass, electrical porcelains, in tooth pastes etc. The centre has developed a technique of minimizing the sodium (an impurity) levels in alumina to less than 0.1% from about 0.25% by modifying the conventional process. This has increased its value by seven to ten times. The centre is waiting for a patent of the process, so it has not shared full details of the process. However, JNARDDC director Anupam Agnihotri told TOI that...
Antam may soon receive financial aid from China Development Bank (CDB) and Industrial and Commercial Bank of China (ICBC) worth US$ 50 billion according to reports. The company is struggling with its finances and production maybe stalled in the absence of adequate funding sine the House has approved only half of the capital injection requested by the state-owned mining firm. State-Owned Enterprises (SOEs) Minister Rini Soemarno apparently said on Friday that 20 percent of the lump sum will be invested in developing the state electricity firm allowing it to expand its power plants and transmission lines. The rest would be invested in other infrastructure projects with about $1 billion to be directly invested in Antam. Antam needs substantial funds to run its SGA plant which has an...
China is enjoying a robust demand for alumina in the domestic market that has pushed up the country’s output by 8.7% to a record high of 4.71 million tons this March reducing its reliance on alumina imports which fell 42.1% from last year to 218,000 tons. The domestic alumina is more attractive due to its lower price compared to the imported kind. The average alumina ex-works Henan and Shanxi was noted at RMB 2,673 yuan/ton and 2,597 yuan/ton respectively while imported alumina traded at 2,670 yuan/ton at the Port of Lianyungang. Driven by the encouraging demand in the domestic front, alumina refineries in the country are planning to expand their operations. Weiqiao Pioneering’s 1 million-tpy Phase 1 alumina capacity in Indonesia will enter the trade market this year, while the Phase II...
BHP spin off company, South32 is weeks away from attaining an official listing and its valuation has already been reduced to almost half the original assessment at the time of conception. For Mike Davis, its current valuation of $7 billion (R84 billion) seems highly attractive as he is eyeing the company for a purchase. South32 will handle the non-core operations of BHP including manganese, alumina and nickel and owing to the dipping commodity prices the value of the company has also been steadily plummeting making it a good time to buy the company. Mike Davis and his X2 Resources fund are considering floating a bid for the company eventually according to people familiar with his plans. South32 is currently suffering the worst slump that has hit the commodity market in the past half...
Highlights • Altech commences permitting process for HPA plant in Malaysia • First stage of process involves the Preliminary Site Assessment (PAT) • A ltech’s HPA plant is designed to meet both international and Malaysian standards Altech Chemicals Limited is pleased to announce that it has commenced the permitting process for its high purity alumina (HPA) processing plant proposed to be located in the Tanjung Langsat Industrial Park, Johor Bahru, Malaysia. The Company has submitted a Preliminary Site Assessment (colloquially referred to as a "PAT"), to the Department of Environment, Malaysia, which is the first stage of Malaysia's approvals process for the project. Altech's proposed HPA plant has been designed to meet international environmental standards as well as the standards of the...
Altech Chemicals Limited announces that it has signed a Memorandum of Understanding (MOU) with mining services company, Castle Equipment Pty Ltd (Castle), appointing it as mining contractor and processing plant operator for the Company's aluminous clay (kaolin) deposit at Meckering, Western Australia. Castle is an experienced mining industry services provider, offering a range of mining, crushing and equipment hire services to businesses operating in the Western Australian mining industry. At its Meckering deposit, Altech is planning to campaign mine approximately 145,000 tonnes of aluminous clay (kaolin) at 3 to 4 year intervals, to provide feedstock for its proposed 4,000tpa high purity alumina (HPA) processing plant to be located in Malaysia, and which is the subject of a bankable...
President John Dramani Mahama on Tuesday gave the assurance that government would do everything under its purview to revive the Volta Aluminum Company (VALCO) to take its rightful position in the smelting of alumina in the country. He said he had directed the Ministry of Power to make available all excess power to VALCO as soon as the current challenges were stabilized. President Mahama gave the assurance when he paid a working visit to the company to ascertain its current operational levels. He was accompanied by Dr Kwabena Donkor, Minister of Power and Dr EKwow Spio-Garbrah, Minister of Trade and Industry, among other dignitaries. President Mahama, who earlier inaugurated the Enclave Power Company substation in Tema, said VALCO which was the flagship project of the late President Kwame...
