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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Inner Mongolia Datang International Renewable Resource Development Co. produces 110,000 tonnes of alumina each year using coal ash, a waste generated during thermal power generation, local media reported yesterday. The company’s subsidiary, Datang Tuoke Power Plant, generates over 4 million tonnes of coal ash annually, providing sufficient raw materials for alumina production.
Credit Suisse upgrades Alumina AWC to "outperform" from "neutral" and says "it is our preferred ASX100 mining exposure". "Alumina fundamentals are much better than iron ore and AWC is moving into a strong dividend paying position with a yield of 8 per cent in CY15 rising to 13 per cent in CY17. "We downgrade BHP Billiton from "neutral" to "underperform". Embedded oil prices are far more bullish relative to other commodity prices and although capex can and likely will be cut further, this will increasingly come at the expense of future growth. "We downgrade Fortescue Metals Group FMG from "outperform" to "neutral". On our iron ore forecasts it will need to cut capex to the bone, cut costs further and drop the dividend."
Alumina Limited, the 40% owner of Alcoa World Alumina & Chemicals (AWAC) – part of the world’s third largest aluminium producer, Alcoa Inc – has seen its shares jump 2% following the release of a quarterly earnings report. AWAC, which pays dividends to Alumina as part of its major shareholding, achieved a stronger profit result during the quarter, despite lower aluminium spot prices, on the back of a continued fall in the Australian dollar and Brazilian Real (versus the U.S. dollar). During the period, AWAC produced 3.8 million tonnes of alumina, with Alcoa’s profits from the aluminium ingredient jumping more than 100% year-over-year. For local shareholders in ASX-listed Alumina, this resulted in $29 million in capital returns and income during the quarter, including a $5 million dividend...
Alcoa of Australia Limited has secured a new 12-year gas supply agreement to power its alumina refineries in Western Australia. Commencing in 2020, the agreement is for an initial supply of 120 terajoules per day of natural gas. Combined with a number of smaller agreements, this means Alcoa of Australia has now secured approximately 75 percent of its Western Australian natural gas requirement to replace existing long-term contracts which expire at the end of the decade. The agreement is conditional on a consortium comprising Brookfield Asset Management Inc. and Macquarie Capital Group Limited completing the acquisition of Apache Energy Limited’s Western Australian oil and gas assets from Apache Corporation. As part of the gas supply arrangements, Alcoa of Australia will make a prepayment...
Orbite Aluminae Inc. is pleased to announce that it has shipped high purity alumina ("HPA") samples to five prospective customers, thereby entering their supplier qualification program. The samples were produced by calcining aluminum chloride hexahydrate ("ACH"), the precursor material for HPA, which was successfully produced at the Company's HPA facility in Cap-Chat in a production run during the third quarter of 2014. The ACH thus produced achieved purity levels in line with those required to produce 5N (99.999%) HPA. The ACH was subsequently decomposed and calcined using the Company's old calcination system, which was modified during the fourth quarter of 2014, as announced in the Company's November 5, 2014 press release. Overall purity levels of the shipped samples achieved 4N8...
UC RUSAL, a leading global aluminium producer, announces the launch of a programme to increase alumina production at the Urals Aluminium Smelter (UAZ) to 900 thousand tonnes. Investment in the project is expected to be over USD23 million. The programme is aimed at boosting annual alumina output at UAZ from 770 thousand tonnes to 900 thousand tonnes by the end of 2016. The programme foresees construction of a new autoclave battery, installment of two new precipitators and other large-scale industrial equipment. Design work is already underway. Design of the precipitators, heat exchangers and disk filters is expected to be completed by RUSAL-VAMI by the end of April. Design of a new autoclave battery is planned for completion by the end of July, with construction scheduled to commence...
Orbite Aluminae Inc. today announces that, further to its press release of March 31, 2015, it has completed the first portion of the public offering of units in the amount of $10,000,000 under the short form base shelf prospectus and prospectus supplement dated March 18 and March 30, 2015 respectively (the "Offering"). Euro Pacific Canada Inc., the Underwriter under the Offering, still has an option to purchase an additional $5,000,000 of units within 30 days from the date hereof. "We are very pleased we managed to raise funds in excess of the $8,500,000 bought deal portion," stated Glenn Kelly , CEO of Orbite. "It is very rare that a pre-revenue company manages to get a bought deal, and we believe this speaks to the strength of our story. We continue to progress towards completion of our...
Singapore-listed Sincap Group Limited, which trades alumina and thermal coal, and is also involved in property development, has signed a memorandum of understanding to acquire Orion Energy Resources. Orion too is a Singapore-incorporated company and is engaged in mineral trading and logistics management, and also supplies coal to power plants run by a state-owned company in China. Orion has direct access to major traders and mine owners in Indonesia and thus is able to secure a stable supply of coal to fulfill the long term needs of the power plants owned by a state-owned enterprise in China, Sincap said in a regulatory filing. The transaction details have not been disclosed, and it may only be finalised after Sincap completes due diligence on Orion Sincap shares last closed at 6.9 cents.
China’s alumina imports tumbled 29.07% YoY to 330,000 mt in February. YTD imports through February totaled 710,000 mt, down 35%, customs data showed. Supply of domestic alumina grew, and its prices were lower than imported alumina, so some aluminum smelters preferred domestic alumina. Domestic alumina will remain at a price advantage over imported goods since growing alumina inventories will prevent prices from rising. As such, China’s appetite for imported alumina will weaken further. Rusal and Alcoa announced decisions to cut aluminum production this year, boding ill for overseas alumina prices.
Orbite Aluminae Inc. is pleased to announce that it has entered into an underwriting agreement with Euro Pacific Canada Inc. (the "Underwriter") under which the Underwriter has agreed to buy on a bought deal basis 8,500 units of the Company (each, a "Unit") at a price of $1,000 per Unit for gross proceeds of $8,500,000 (the "Offering"). In addition, the Company also granted the Underwriter an option, exercisable in whole or in part at any time within 30 days of the bought deal closing of the Offering, to purchase up to an additional 6,500 Units for additional gross proceeds of up to $6,500,000 (resulting in aggregate of gross proceeds of up to $15,000,000) at one or more additional closings. Each Unit consists of $1,000 principal amount of 5% convertible unsecured unsubordinated...
Vinacomin, state run mining group, said on Tuesday that Vietnam’s alumina output is expected to jump 20 percent with the help of country’s first alumina plant which has reached its design capacity of 650,000 metric tons. Although there are reports of possible losses for the Tan Rai complex for the next couple of years, it has had no negative impact on production which is expected to reach 540,000 tons this year at the $460-million capacity plant. The Lam-Dong based plant has already generated enough alumina to be exported to 11 buyers globally including countries like Switzerland, South Korea, China and Hong Kong, according to a statement provided by Vinacomin.
Orbite Aluminae Inc. announced today the filing of its Consolidated Financial Statements for the year ended December 31, 2014. The Company reported a net loss of $3.5 million (or $0.01 per share) and $12.4 million ($0.04 per share) for the fourth quarter and the year ended December 31, 2014, respectively, as compared to a net loss of $9.0 million ($0.05 per share) and $15.0 million ($0.08 per share) for the same periods in 2013, representing a decrease of $5.5 million, or 61.1% and $2.6 million, or 17.3%, for the quarter and full-year, respectively. All dollar amounts are in Canadian dollars unless stated otherwise. Summary of Q4 and FY 2014 Financial Results Net loss for Q4 2014 decreased by $5.5 million to $3.5 million, or from $0.05 per share to $0.01 per share. For the quarter ended...
HUDSON RESOURCES INC. is pleased to announce the results of the Preliminary Economic Assessment ("PEA" or "Study") for the primary production of specialty grade alumina using White Mountain anorthosite as feedstock. The study was managed by John Goode, P.Eng. and incorporated the work of Arithmetek (Mike Dry), Hains Engineering (Don Hains), TAK Industrial Mineral Consultancy (Ted Dickson), and the 43-101 resource filing dated January 30, 2013 (Ronald G. Simpson, P.Geo.). Note that all currencies are denominated in US dollars and tonnages are stated as metric tonnes. The purpose of the study was to evaluate the economics of producing specialty grade alumina utilizing the anorthosite rock from Hudson's White Mountain project. The deposit is a monomineralic calcium aluminum silicate feldspar...
Worsley Alumina plant looking to import coal via Bunburry Port as their current coal provider, Griffin Coal grows increasingly more unreliable. Griffin Coal has been suffering for some time and Cockburn Cement is already a victim of the failing coal provider and has resorted to importing their fossil fuels. BHP’s Worsley site would most likely have to import 40,000 tons of coal to keep operations running. They even want to stockpile some of it in the South West town so it is available as and when needed. Where the coal will come from is not disclosed just yet although BHP’s coal fields in Queensland or NSW seem like the more probable candidates. Michael Rix did not deny that coal imports are being considered but emphasized that they are always looking for alternate fuel source. "While...
Altech Chemicals Limited is pleased to announce that it has entered into a short-term debt-based instrument that provides the Company with immediate funds equivalent to its forecast research and development (R&D) tax incentive offset (R&D Scheme) for the year ended 30 June 2015. The advance of $815,000 from Platinum Road was based on the estimated R&D Scheme (relating to the Company's completed and remaining eligible R&D activities) being received in October 2015. The upfront funds will allow Altech to accelerate its bankable feasibility study (BFS) and ongoing R&D activities for its proposed high purity alumina (HPA) processing operation. The Company reported a cash position of $1,174,000 as at 31 December 2014.
Alumina has for a long time been used in biomedical applications such as load-bearing hip prostheses and dental implants, due to its high resistance to corrosion, low friction, high wear resistance and strength. As material science progresses and advanced materials penetrate into society, ceramics are also continuously being improved, especially in strength and durability. In a most recent development, Graphenea researchers, together with collaborators from Russia and throughout Spain, have shown that the addition of graphene to alumina improves the ceramic's wear resistance and decreases friction. The result is expected to soon find its use in real products, as graphene and its derivatives seem to be biocompatible and in addition carry a low cost. The paper entitled "Wear behavior of...
Orbite Aluminae Inc. announces that as a consequence of recent market activity and conditions, it will not be proceeding with the public offering of convertible debentures disclosed in its press release dated March 23, 2015. Also, as circumstances have evolved since the calling of the special meeting of shareholders initially expected to be held on April 2, 2015 for the purposes of the Series Y Subscription Rights, the Company will postpone the date of the meeting to a date to be confirmed shortly. To see previous news coverage on the topic, click here.
State-owned diversified miner PT Aneka Tambang (Antam) is still struggling to find partners to support its plan to develop another smelter to process bauxite into lucrative products. Antam corporate secretary Tri Hartono said on Tuesday that the company needed to find further partners to jointly develop a smelter grade alumina (SGA) plant, although it has one partner already: PT Inalum, another state-owned company. “Under the plan, Antam and Inalum will be the domestic majority shareholder in SGA with a stake of at least 51 percent. However, we will need a partner or partners with the technology and funding for SGA development,” Tri explained. Potential partners come from various countries, including China, according to Tri. The SGA plant is estimated to need US$1.7 billion in investment,...
