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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BHP Billiton has published operational review for the year that ended 30 June 2014. Strong operating performance delivered a 9% increase in Group production with annual records achieved across 12 operations and four commodities. Alumina production increased by six per cent in the 2014 financial year to a record 5.2 Mt. The Efficiency and Growth project at Worsley reached nameplate capacity during the year and annual production records were achieved at both the Worsley and Alumar refineries. Alumina production also increased by six per cent in the June quarter 2014 from the March quarter. BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: “Our focus on productivity has resulted in a significant improvement in operating performance at each of our major businesses this year, with...
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors. They currently have a $1.45 target price on the stock. Shares of Alumina Limited opened at 1.560 on Monday. Alumina Limited has a one year low of A$0.935 and a one year high of A$1.575. The stock’s 50-day moving average is A$1.40 and its 200-day moving average is A$1.31. The company’s market cap is A$4.378 billion. A number of other firms have also recently commented on AWC. Analysts at Morgan Stanley raised their price target on shares of Alumina Limited to $1.60 in a research note. They now have an “overweight” rating on the stock.
General Electric is believed to be fielding approaches from major infrastructure investors interested in buying its $1.2 billion Worsley Alumina power plant, following plans by the conglomerate to float the West Australian asset on the Australian Securities Exchange. The interest from groups — believed to be industry players, private equity or potential superannuation funds such as Australian Super or the Future Fund — means a trade sale, rather than an initial public offering, is the likelier outcome for Worsley, a multi-fuel plant near Collie, 189km southeast of Perth. Listed industry players such as Duet, APA and Envestra could be potential suitors. Bullish prices have been paid in recent infrastructure asset sales, and listed companies in the energy infrastructure sector such as Duet...
The Indian government’s decision to double the bauxite export duty to 20% will push up production costs for Chinese alumina producers in the long run, but the immediate impact will be limited as Chinese producers have already built up sizable stockpile, Shanghai Metals Market understood. China’s imports of Indian bauxite had begun to fall even before the proposal was made, so the proposed hike in the export duty is unlikely to inflict pain on Chinese alumina producers for the foreseeable future. Inbound shipments of Indian bauxite tumbled 25.7% year-on-year to 547,000 tonnes in May. Year-to-date imports through May also plummeted 70.1% to 886,000 tonnes. Besides, Indian bauxite accounted for a mere 10.8% of the combined imports by Chalco (Shandong), Shandong Weiqiao Aluminum & Electricity...
UC RUSAL is considering the use of ethane to fire its 1.7- million tonne alumina refinery in Jamaica's southwestern parish of St Elizabeth. The plant has been closed for five years, largely because of low market price for its product and high production costs, which is primarily because of the expensive oil it burns for energy. But a fortnight ago, Jamaica's Mining and Energy Minister Phillip Paulwell announced that he had given Rusal, the world's largest producer of alumina and aluminium, six months to reopen Alpart and another facility, the 601,000-tonne Kirkvine works in the centre of the island, or risk 200 million tonnes of bauxite ore concessions that go with the refineries. But last Friday, Igor Dorofeev, who runs Rusal's operations in Jamaica, told The Gleaner that Rusal was close...
Global aluminium producer RUSAL announced today that it has won a case with regards to share purchase of the Friguia bauxite and alumina complex against the Republic of Guinea. Rusal bought over the Friguia production complex, which includes a bauxite mine, an alumina refinery and a railway network in 2006. But in 2009, the Republic of Guinea has demanded the return of the Friguia complex to the government, apparently saying that the company has paid just a fraction of Friguia complex’s valuation to the previous government. The complex is one of the largest employers in Guinea, and has an annual production capacity for 618,000 tonnes of alumina and 2.1 million tonnes of bauxite. The International Criminal Court (ICC) held that RUSAL’s purchase of shares in the Friguia complex was valid...
A $1.2 billion power plant in Western Australia linked to one of the world’s largest alumina refineries owned by BHP Billiton is being positioned for an initial public offering. General Electric’s Worsley multi-fuel cogeneration plant near Collie, 189km southeast of Perth, was built to meet the expansion requirements of the Worsley Alumina refinery, 86 per cent-owned by BHP. The plant has a 25-year “take or pay” contract with Worsley Alumina, its main customer, with price increases pegged to inflation. Sources confirmed yesterday that GE Energy Financial Services was looking to sell the asset via an initial public offering on the Australian Securities Exchange through Macquarie Capital, with its market capitalisation estimated to be between $484 million and $512m and its enterprise...
Alumina Limited had its price target upped by Morgan Stanley to $1.60 in a research note issued to investors on Wednesday. The firm currently has an overweight rating on the stock. Morgan Stanley has also taken action a number of other stocks recently. The firm downgraded shares of Statoil ASA(ADR) from an overweight rating to an equal weight rating. Also, Morgan Stanley reiterated its overweight rating on shares of Compania de Minas Buenaventura SAA (ADR). They have a $15.30 price target on that stock. Finally, Morgan Stanley reiterated its overweight rating on shares of Smith & Nephew plc (ADR). Alumina Limited traded up 0.35% during mid-day trading on Wednesday, hitting A$1.420. The stock had a trading volume of 12,842,426 shares. Alumina Limited has a 52-week low of A$0.935 and a...
Australia Minerals and Mining Group Limited provides an update on the progress of the current high purity alumina (HPA) optimisation test work conducted by AMMG's specialist engineering consultants as well as the commencement of the bulk sample program for potential off-take customers. The last remaining stages of the Test Work are nearing completion and further updates will be announced upon completion. AMMG and the Consultants have commenced the bulk sample production program, which aims to produce a large trade sample of approximately 20kgs of 4N HPA for despatch to international end-users and potential off-take customers. Based on the preliminary assay results of the intermediate aluminium chloride, which indicated a purity of 99.99%, the subsequent final HPA product's target purity...
Orbite Aluminae Inc. announces that Crede Capital Group, LLC ("Crede") has completed, late this afternoon, an investment of $10,000,000 in the form of convertible debentures and warrants pursuant to the exercise of the Series X Subscription Rights (the "Subscription Rights"), as issued and announced on March 10, 2014. "The funds from this placement will go towards the completion of our 3 tpd HPA facility. We continue to be well on schedule towards commissioning at the end of the year, with commercial production commencing in the first quarter of 2015," stated Glenn Kelly, CEO of Orbite. Under the placement, Crede has purchased units of the Company consisting of $10,000,000 principal amount of convertible unsecured debentures (the "Debentures") and 13,000,000 warrants (the "Warrants") of...
State mining company PT Aneka Tambang (Antam) said it would ship its first export of alumina next month from its new factory in Tayan, West Kalimantan. “The factory has been in trial operations for several months,” Antam president director Tato Miraza said on Thursday night as quoted by Antara. Antam’s Tayan plant, which produces 300,000 tons of chemical grade alumina (CGA), is scheduled to start commercial operations in August. Tato said the company would export 200,000 tons of CGA to Japan while the remainder would go to other Southeast Asian countries, China, South Korea and Europe, as well as the domestic market. The factory is operated by PT Indonesia Chemical Alumina (ICA), a joint venture between Antam and Japan’s Showa Denko. Antam owns a 80 percent stake in Indonesia Chemical...
Yunnan Aluminum Co., Ltd. revealed that controlled Yunnan Wenshan Aluminum Co., Ltd. planned production expansion of 600,000 tons aluminum oxide through technology upgrade, on the basis of existing production capacity reaching 800,000 tons per year, with a total investment of CNY 1.907 billion. Upon completion, the project will increase operating revenue surpassing CNY 1.2 billion and gross profit of CNY 400 million per year.
The plan by US-based Alcoa to divest its Jamaica operations forms part of its global transformation that will also see it slash production in Brazil and Australia, management indicated. It aims to contain costs which at times exceed revenues at the global company. "To further optimise the Alumina business, Alcoa signed a non-binding letter of intent to pursue a sale of its ownership stake in Alcoa Minerals of Jamaica (AMJ), which operates the Jamalco bauxite mining and alumina refining joint venture," stated Alcoa in its financials released to shareholders this week. "The above actions are consistent with the Company's goal of lowering its position on the world aluminum production cost curve to the 38th percentile and the alumina cost curve to the 21st percentile, by 2016." Jamalco is...
Alumina Limited had its price target increased by Morgan Stanley to $1.60 in a research report sent to investors on Tuesday. They currently have an overweight rating on the stock. Morgan Stanley has also updated their ratings on a number of other stocks in the last week. The firm reiterated its overweight rating on shares of Grupo Televisa SAB (ADR). They have a $38.00 price target on that stock. Morgan Stanley also raised its price target on shares of Yamana Gold Inc. from $11.00 to $11.50. They have an overweight rating on that stock. Finally, Morgan Stanley raised its price target on shares of Silver Wheaton Corp. from $25.00 to $27.30. Shares of Alumina Limited traded down 3.13% during mid-day trading on Tuesday, hitting A$1.395. The stock had a trading volume of 15,314,717 shares....
Strong earnings and a buoyant market outlook from US aluminium giant Alcoa failed to translate into good news for its local junior partner, Alumina, which is not exposed to the business that fired Alcoa’s second-quarter earnings. Alumina’s sole business is a 40 per cent stake in the Alcoa World Alumina and Chemicals business that is centred on Australian alumina refineries. Alcoa, generally the first major US company to report results, revealed yesterday that it had returned to profitability after three consecutive quarterly losses as its aluminium smelters performed well. But the result was not so strong for Alumina, its chief executive Peter Wasow said. “Margins for the alumina segment declined over the second quarter, predominantly due to a higher Australian dollar and Brazilian...
Mercuria Energy Trading SA had alumina worth about $44 million stuck at China's Qingdao Port, where an investigation into a suspected financing fraud has been taking place, according to four banking sources with direct knowledge of the situation. The Swiss-based trader said in an email sent to its lenders in June that part of Qingdao port had been closed with only port authorities having access and that no stock was moving in or out. The financing scandal at the world's seventh-busiest port has left a string of global banks and trading houses scrambling to secure metal supplies. China's CITIC Resources Holdings Ltd said it has started court proceedings against the operator of a bonded warehouse at Qingdao port. Chinese authorities are investigating a private trading firm, Decheng Mining,...
Shares in bauxite miner and aluminium smelter Alumina (AWC) have dropped this morning after the company’s chief executive said conditions declined in the second quarter, despite US joint venture partner Alcoa posting an earnings boost. Shares in Alumina finished yesterday 1.41% higher at $1.44 after reaching an intra-day high of $1.47. The share price had been rising this year following the introduction of a mineral export ban by Indonesia in January which included bauxite bound for the world’s aluminium industry. Indonesia’s presidential election, which could potentially spark a review of the ban, is taking place today, although one of the front runners, Joko Widodo, has previously stated he intends to keep the ban. Alumina segment still faces headwinds Alcoa’s positive earnings result...
Hong Kong-listed CITIC Resources Group announced today that it has filed a claim in Qingdao Maritime Court against the operator of the bonded warehouse at Qingdao port, requiring the operator to confirm the group’s ownership of the alumina and copper held by the operator, and to release and deliver all such alumina and copper to the group or to compensate appropriately. CITIC Resources said last month it had been unable to secure around 120,000 tonnes of alumina, more than half of the alumina stocks it had titled to stored at the port pending payment by buyers and delivery. "Until the status of the investigation is clarified and the group has conducted its own investigation, the company is not able to accurately assess the impact on the Group's alumina and copper stored at Qingdao port or...
