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...
Grow with
AL Circle
China’s alumina output will rebound in October following maintenance-induced decline in September, Shanghai Metals Market foresees. Completion of facility overhaul and production incentive from rising alumina prices will be two major drivers of production recovery, SMM understands. For example, Shanxi Huaxing Aluminum Co.’s 1 million-tpy alumina project will hit full capacity in October. Inner Monglolia Mengxi High-Tech Group started trials on its 200,000-tpy alumina project using coal ash as raw material in late September, SMM has learned. China’s alumina output dropped 243,000 tonnes month-on-month to 4.08 million tonnes in September, due mainly to widespread maintenance.
Australia Minerals and Mining Group Limited (ASX: AKA) (“AMMG” or “The Company”) is pleased to announce it has appointed the Bankable Feasibility Study (BFS) team for the development of its high purity alumina (HPA) project targeting 3,000tpa operation. The BFS team is composed of reputable and dynamic experts in the fields of mine design, beneficiation, chemical processing, plant engineering and environmental management. Continuous pilot plant test work to optimise and de-risk the project will be conducted as part of the BFS. The BFS team will work closely with the Company’s corporate operations team to ensure the successful development of the HPA project. The following appointments have been made: Managing Director, Iggy Tan welcomed the recent appointments to the BFS team. The BFS work...
Cape Alumina Limited (Cape Alumina) is pleased to announce that it has increased the $250,000 unsecured debt financing (announced to the ASX on 27 August 2014) to $500,000 to progress the Bauxite Hills project. The loan is being provided by MetroCoal Limited (ASX:MTE) (MetroCoal) which, on 5 August 2014, announced an off-market takeover bid for all of the shares in Cape Alumina which it did not already own (refer to MetroCoal’s Bidders Statement, lodged on 19 August 2014, for more information about the terms of the bid). The loan will enable Cape Alumina to preserve its existing cash resources, pending resolution of the MetroCoal takeover bid, and continue to advance the Bauxite Hills project critical path work program including environmental works and bauxite analysis to enable a...
Russia’s investment and industrial group Vi Holding may pour around US$1.5 billion into building mineral processing facilities in Indonesia, a Russian minister says. The projects would comprise a $1 billion alumina refinery and a $500 million ferronickel smelter, Russian Industry and Trade Minister Denis Manturov said Tuesday. The $1 billion alumina project was to be located in Kalimantan with a total output capacity of 2 million tons per year, Manturov added. It is expected that the refinery will finish development within four years, according to the minister. “The alumina to be produced by the Indonesian refinery will be shipped to China to supply its own industry where it will then be processed into aluminum,” Manturov said after a meeting with Indonesia’s newly inaugurated President...
Highlights • Global HPA market estimated at 19,040tpa in 2014 with increase to 48,230tpa anticipated by 2018 • Market growth forecast at a CAGR of approximately 28% • Asia Pacific region HPA market share 70% • Asia Pacific potential location for AMMG’s HPA plant – best geographic position to service the large growing market • AMMG will focus production towards 4N (99.99%) HPA product due to bulk of sales and demand • As a new potential suppler, AMMG aims to meet the forecast HPA deficit as well as providing buyers with increased choice and flexibility Australia Minerals and Mining Group Limited (ASX : AKA) (AMMG/the Company) is pleased to provide an update on the high purity alumina (HPA) market. HPA – NON-MTALLURGICAL MARKET Alumina or aluminium oxide, commonly known as Al2O3 is...
WESTPAC chief economist Bill Evans says he doesn't hold any great hopes for the alumina industry, with low commodity prices set to continue. Speaking at the GEA Major Industry Conference in Gladstone on Thursday, Mr Evans said the future for the industry appeared grim. More than 3000 people work in the sector in Gladstone. The sector has been hit by low commodity prices in recent years, leading to hundreds of job cuts. Mr Evans said prices were unlikely to rise in the foreseeable future. "The problem with alumina is that it's affected by excess supply," the ABC reported. "The demand overall I would argue would be lifting, but the supply story of alumina is still quite scary." Earlier this week Boyne Smelters Ltd general manager Joe Rea said the aluminium industry was going through...
Orbite Aluminae Inc. announced today it has been awarded the Chemical Institute of Canada’s Green Chemistry and Engineering Network Award. The award is presented to companies that have made significant contributions to the field of green chemistry and engineering, including the technical, economic, human health and environmental benefits. The accolade was awarded to Orbite for its development of a breakthrough technology in the field of alumina production and monetization of red mud and fly ash. Alumina is the primary material used to make aluminium, and is extracted from bauxite. The industry currently uses an extraction process that generates a highly caustic waste, which is typically stored in holding ponds. Depending on the quality of the bauxite and process efficiencies, between one...
Shanxi Fusheng Aluminum Co. put phase one 800,000-tpy alumina project in Pinglu County, Shanxi Province, into service on October 19, cnal.com reported today. This marks the fourth alumina project of Hangzhou Jinjiang Group – parent company of Shanxi Fusheng Aluminum Co. – since its establishment.
Deutsche Bank reissued their buy rating on shares of Alumina Limited in a research report sent to investors on Tuesday morning. The firm currently has a $2.25 price target on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on shares of Smith & Nephew plc (ADR). Also, Deutsche Bank reiterated its buy rating on shares of Barclays. Finally, Deutsche Bank reiterated its hold rating on shares of CRH PLC (ADR). Separately, analysts at Morgan Stanley raised their price target on shares of Alumina Limited to $1.60 in a research note on Thursday, July 24th. They now have an overweight rating on the stock. Alumina Limited opened at 1.685 on Tuesday. Alumina Limited has a 52-week low of A$0.935 and a 52-week...
Russian Trade Minister, Denis Manturov, reported to Reuters on Tuesday that the Russian-based industrial group named Vi Holding will be investing $500 million in an alumina refinery in Indonesia, which can be built in the next three to four years. The highly debated mineral export ban in Indonesia has created a desperate need in the country to move up the value chain to start processing the bauxite. This ban has also made aluminium more stable in the market as the shortage of bauxite supply has contributed to the stronger aluminium prices. After meeting Joko Widodo, the new Indonesian president in Jakarta, Manturov states that the new refinery will use Russian technology and is expected to have an output of 1 million tonnes per year which will then be shipped to China for further...
Prima Resources held a preliminary meeting in Darwin with Nhulunbuy Indigenous Group/Company regarding the future of the Bauxite Residue Storage Area and the Alumina Refinery at Gove currently owned by Rio Tinto. It was decided that discussions take place with the possibility of Rio Tinto returning these Facilities to Local Indigenous Ownership. These discussions will also involve the Local Indigenous Landholders. Prima will form a JV Partnership with a Local Indigenous Company to Own, Manage and Operate the Bauxite Residue Reclamation Project. The project will be executed in two Phases: Phase 1) 1.0 MT/Yr Plant to produce Iron Oxide Concentrate for export. Phase 2) 1.0 MT/Yr Plant to extract metals including Iron, Aluminium, Titanium. The Bauxite Residue Reclamation Project will be a...
Chalco's Henan Branch delayed the production resumption at its 1,000,000-tonne alumina capacity, Shanghai Metals Market learns. The delay is mainly because the repairing of its red mud pond has not been completed, sources reported. The company closed a total of 1,600,000 tonnes of alumina capacities due to the leaks from red mud pond in mid September. It restarted 600,000-tpy alumina production in late September, and scheduled to put back online the rest capacities in early October.
Deutsche Bank reaffirmed their buy rating on shares of Alumina Limited in a report released on Monday. Deutsche Bank currently has a $2.25 price objective on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on shares of The Carlyle Group LP. They have a $34.00 price target on that stock, down previously from $37.00. Also, Deutsche Bank reiterated its hold rating on shares of YRC Worldwide, Inc.. They have a $27.00 price target on that stock, up previously from $22.00. Finally, Deutsche Bank reiterated its hold rating on shares of Apollo Global Management LLC. They have a $20.00 price target on that stock, down previously from $21.00. Shares of Alumina Limited opened at 1.635 on Monday. Alumina Limited...
Mining major Gujarat Mineral Development Corporation (GMDC) has acquired land in excess of 100 hectares for the first phase of an alumina plant and aluminium smelter plant, which would be set up in joint venture with Navratna Public Sector Unit (PSU) National Aluminium Company Limited (NALCO) at Mandvi taluka in Kutch district. In all, 400 hectares of land is required for the first phase of the project. The first phase of the project involves setting up an alumina plant whereby alumina will extracted from the ore bauxite by means of a process at an alumina refinery. The second phase involves setting up an aluminium smelter plant. Aluminium smelting is the process of extracting aluminium from alumina. "We have already acquired 104 hectares of land for the initial phase of the project and...
Alcoa World Alumina and Chemicals (AWAC), which is a joint venture between Alcoa and Alumina Limited, has been handing out dividends from its passive share. However, now with the sale of its share in the uneconomical Jamaica refinery, Alumina is slated to receive a handy cheque from Alcoa. The sale was put up in June after which, AWAC has already divested its 55 percent stake in Jamalco for $US 140 million to Noble Group and has reported a book loss of $US 210 million - $US 260 million. Alumina has reported a proportionate book loss of $US 84 million - $US 104 million which is an approximate figure taking into account calculative differences. Despite the apparent losses, Alumina is still considering what to do with the $US 56 million it is due to receive from Alcoa. Although, the obvious...
China’s Guangdong Province imported 97,000 tonnes of alumina in August, up 1.6 folds yea-on-year. Year-to-date imports through August totaled 623,000 tonnes, also up 26.4% from a year ago, China Customs data showed. The average import price was 2,231 yuan ($ 363) per tonne in August, down 8.2% from a year ago, versus 2,265 yuan per tonne for the January-August period, also down 3.2% on the year. In August, arrivals from Australia, China’s top supplier, spiked 91.9% year-on-year to 71,000 tonnes, and inbound shipments from the EU soared 80.3% on the year to 558 tonnes. Imports from Japan, by contrast, tumbled 44.5% from a year ago to 152 tonnes.
Alumina Limited‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a $2.25 target price on the stock. A number of other analysts have also recently weighed in on AWC. Analysts at Morgan Stanley raised their price target on shares of Alumina Limited to $1.60 in a research note on Thursday, July 24th. They now have an “overweight” rating on the stock. Shares of Alumina Limited opened at 1.630 on Monday. Alumina Limited has a 52 week low of A$0.935 and a 52 week high of A$1.775. The stock has a 50-day moving average of A$1.64 and a 200-day moving average of A$1.46. The company’s market cap is A$4.573 billion. Alumina Limited, is an Australia-based company.
The union minister of steel and mines, Narendra Singh Tomar, has promised to set up aluminium refinery and steel plant in Madhya Pradesh to give a push to the industrialization of the state. He also aims to conduct geo chemical and physical survey of minerals to take a positive step towards mining. Tomar has expressed his interest to help set up an aluminium refinery for Bharat Aluminium Company Ltd. (BALCO) and has also proposed an investment of INR 22,000 crore made by NALCO for the state of Madhya Pradesh in the coming years, along with a proposed investment in the steel sector as well.
