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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Orbite Aluminae Inc., today provides its second update on the construction and optimization activities of its high purity alumina (“HPA”) production facility located in Cap-Chat, Québec. As communicated in its January 29 HPA project update, Orbite had commenced the design review and detailed engineering with Seneca, as well as project management and control activities with Groupe Alphard. Orbite continues to work towards a 12 month execution timeline, with commissioning in December 2014 and commercial operations to commence in January 2015. Full production capacity at 3 tpd is anticipated for Q1 2015. Glenn Kelly, CEO of Orbite, stated, “We are pleased with the progress made to date on our HPA project at Cap-Chat. Several project elements, such as the design review, have now been...
Orbite Aluminae Inc. announced today the filing of its Consolidated Financial Statements for the year ended December 31, 2013. The Corporation reported a net loss of $15.0 million ($0.08 per share) compared to $16.9 million ($0.09 per share) for 2012, representing a decrease of $1.9 million, or 11%, compared to the year ended December 31, 2012. All dollar amounts are in Canadian dollars unless stated otherwise. Fourth Quarter Highlights and Material Subsequent Events: • Completed a prospectus offering of $16 million and executed a binding commitment for up to $40 million in additional funding. • Received a $4 million non-interest bearing repayable financial contribution from Canada Economic Development. • Announced that the Government of Québec formally approved a $10 million equity...
President John Dramani Mahama has announced that government would soon come out with a declaration on the establishment of an Alumina industry. He said the establishment of the industry would not only add value to the production of bauxite for export, but would also create a number of job opportunities for teeming youth in the country. President Mahama announced this when he addressed members of the Western Region House of Chiefs at Sekondi, as part of his three-day working visit of the Region. The President had early on inspected major on-going projects in the region and addressed durbars at Adabokrom in the Bia East District and Enchi both in the western Region. He noted that the transformation of the economy entailed the concentration on finished products than the conventional...
Orbite Aluminae Inc. today announced that it will hold a conference call to discuss its fiscal 2013 fourth quarter results and provide an update on its HPA plant construction activities, on Monday March 17, 2014 at 10:30 a.m. (EDT). The call will be hosted by Glenn Kelly, President & CEO, and Jacques Bédard, VP Finance & CFO. The Company expects to report its financial results for 2013 that same day prior to markets open. CONFERENCE CALL DETAILS: Date: March 17, 2014 Time: 10:30 a.m. (EDT) Dial in number: +1 (888) 231-8191 / +1 (647) 427-7450 Taped replay: +1 (855) 859-2056 +1 (514) 807-9274 +1 (416) 849-0833 Available until 12:00 midnight (EDT), Monday, March 31, 2014 Reference number: 12864854
Alumina prices were down in China this week as the weakness in the aluminium market tamed demand for raw materials. Chinese port prices for alumina were around 2,570-2,590 yuan ($418-422) per tonne fot in Lianyungang of Jiangsu province, compared with 2,570-2,600 yuan per tonne last week. Alumina was offered at $320-321 per tonne fob Australia during the week, compared with $319 last week. No deals were heard. "There is no enthusiasm for aluminium smelters to buy alumina, as aluminium prices are so low that some smelters are facing the prospects of bankruptcy," a major trader said. On Thursday March 13, the Shanghai Futures Exchange June contract closed at 13,215 yuan per tonne, down 5.4% year to date. The contract touched 13,095 yuan on Monday, the lowest since June 3, 2009. On the...
Credit Suisse reissued their outperform rating on shares of Alumina Limited in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. Credit Suisse has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares of Perfect World Co Ltd. They issued an outperform rating on that stock. Also, Credit Suisse upgraded shares of Petrobras Energia Participaciones SA to a neutral rating. Finally, Credit Suisse initiated coverage on shares of Netease.com. They issued a neutral rating on that stock and set a $76.00 price target. A number of other analysts have also recently weighed in on AWC. Analysts at Deutsche Bank reiterated a buy rating on shares of Alumina Limited in a research note on Friday, January 31st....
The Odisha Pollution Control Board (OPCB) has found nothing objectionable in the functioning of the Vedanta Aluminium Limited in Lanjigarh of Kalahandi district. An on- the- spot enquiry of the unit by Assistant Environment Engineer D Sethi observed nothing objectionable from the environmental perspective and no breach of the pollution standards. After the verification it was found that the plant had been shut down from December 5, 2012 to July 11, 2013 due to scarcity of raw material (bauxite). There was no over flow from the ash pond, process water lake, dirty water pond and clear water pond. The engineer pointed out that there was no damage to the cultivated land around the red mud plant. Water quality of river, stream and tube well from different locations outside the plant and raw...
Orbite Aluminae Inc. announces that, further to its December 10, 2013 press release and in accordance with the subscription agreement dated November 7, 2013, amended on December 6, 2013 between Orbite and Crede Capital Group, LLC, it has issued Series X Subscription Rights and Series Y Subscription Rights to Crede upon the terms provided in the subscription agreement and summarized in the Corporation’s amended and restated prospectus dated December 6, 2013. The Series X Subscription Rights will be become exercisable the earlier of (i) the date of qualification of the underlying units by prospectus which date shall not be earlier than April 10, 2014 and (ii) July 11, 2014, and the Series Y Subscription Rights will first become exercisable on October 10, 2014. Once exercisable, the Series X...
The total production of raw bauxite in Jamaica was 390,550 tonnes in the month of January, a fall by 15% since the last year. Meanwhile, there has been an increase in alumina production by 13% to around 164,500 tonnes on prior comparable period. There was a drop in the total production of raw bauxite in the country to around 4.68 million tonnes last year and it was down by 1.7%.
Glenn Kelly and his 75-strong team at Montreal-based Orbite Aluminae Inc. face a critical one-year deadline to complete a commercial-scale high-purity alumina (HPA) plant at Cap Chat in Quebec’s Gaspé. “It’s a race against time to master some technical hurdles and bring the plant into production,” Orbite’s CEO Glenn Kelly said in an interview. The HPA project is about a year behind. Kelly said he wants to see the plant completed early in 2015 and running at top efficiency. More than $100 million will have been invested in the project since its inception in 2007, he added. The plant will use Orbite’s internationally patented process to make up to 99.999 per cent-pure alumina for the electronics, ceramics and coatings industries and products such as LED lighting and sapphire glass for...
Credit Suisse reiterated their outperform rating on shares of Alumina Limited in a research report released on Tuesday morning, Analyst RN reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm reiterated its outperform rating on shares of EV Energy. They have a $44.00 price target on that stock, up previously from $9.00. Also, Credit Suisse lowered its price target on shares of Newcastle Investment Corp from $6.50 to $5.50. Finally, Credit Suisse raised its price target on shares of 3D Systems Co. from $76.00 to $79.00. AWC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a buy rating on shares of Alumina Limited in a research note on Friday, January 31st. Alumina Limited traded...
From the idea to operate a coating process without the use of chemicals, AHC Oberflächentechnik in Germany developed a novel method for the oxidation of aluminium surfaces. With this process components can be protected selectively against wear and corrosion. A pilot plant is located in the French subsidiary Faulquemont. Now, the process is ready for serial production. The so called LASOX-COAT® treatment by AHC Oberflächentechnik is used for the selective coating of aluminium surfaces via laser. While the workpiece is under an oxygen atmosphere, the laser is targeted along the surface to be coated. The laser starts to melt the alloy and some particles will vaporize. Together with the oxygen this leads to the formation of an oxygen plasma. The oxygen plasma - which consists of ionized atoms...
Alumina imports of China are expected to fall in the month of February, largely due to falling post-holiday demand as well as cut down of production costs by aluminum smelters, as said by Shanghai Metals Market. The aluminium producers in China have almost lost their enthusiasm in building up aluminium stocks after the Chinese New Year holiday in early February and cutting the demand for the raw metal. Apart from this, supply in the domestic alumina market seems to be sufficient as the falling prices of aluminium have resulted in cutting down of production costs by aluminum producers, said the research team of SMM. Inbound shipments of alumina were 642,000 tonnes in the month of January, up by 31.54% year on year due to restocking demand prior to the holidays, with an average CIF price of...
Orbite Aluminae Inc. is pleased to announce that the Government of Québec formally approved a 10M$ equity investment in Orbite by Investissement Québec (“IQ”), a mandatory of the Québec Government. The announcement was made at Orbite’s High Purity Alumina (“HPA”) production facility in Cap-Chat, Québec, in the presence of Mr. Gaétan Lelièvre, Member of the National Assembly of Québec for Gaspé, Minister for Regions and Minister responsible for the Gaspésie-Îles-de-la-Madeleine region and the Bas-St-Laurent region. “We have the privilege, in Québec, to benefit from dynamic and innovative businesses like Orbite Aluminae, to insure our competitiveness and reinforce our expertise in the sector of transformation of mining products”, said Mrs. Élaine Zakaïb, the Québec Minister for Industrial...
Orbite Aluminae Inc. announces its participation at the Prospectors and Developers Association of Canada (PDAC) annual conference taking place from March 2-5, 2014 at the Metro Toronto Convention Centre. The PDAC Convention is the largest annual gathering of prospectors and miners in the world. It’s an opportunity to see and learn about the latest technology and mine developments in Canada and around the world. Orbite will have a booth located at Exhibit Halls F & G - South Building (#3046) and will be represented by Glenn Kelly, Orbite’s President and CEO (March 4th and 5th), Yves Noel, VP Business Development (March 3rd, 4th, and 5th) and Antoine Charbonneau, Director, Sales & Marketing (March 2nd to 5th).
United Co.Rusal PLC, the aluminium producer, accepted the controversial move of Indonesia to restrict mineral ore export and said it will build an alumina refinery complying with the new laws of the country. The laws have already raised many a concerns among the global mineral competitors. But Oleg Deripaska, Rusal Chief Executive, said the stable economy of Indonesia would enable it to make a transition from mining to higher-value processing. "I understand the government is now facing pressures, but I truly believe this law is a win-win and beneficial in the long run for the country," Mr. Deripaska said. There are many small local mining companies who have pressurized the government to relax the mining rules bringing in focus the lack of financial resources as well as potential of a...
The integrated aluminium producer model will be challenged over the next couple of years, leading to a shake-up in corporate structures, an executive at Alumina Ltd said. These changes could take a variety of forms, Andrew Wood told Metal Bulletin's 20th Bauxite and Alumina conference in Miami. These include demergers of alumina from aluminium businesses, splitting up upstream and downstream businesses, as well as mergers and acquisitions, Wood added. Wood, who manages corporate strategy and development for Alumina Limited, said Chinese government policy is meanwhile encouraging some consolidation in the country's aluminium and alumina industry. Yet the ban on Indonesian ore exports will impact China's ability to source bauxite, Wood noted. "How much bauxite is exported in future will...
United Co. Rusal PLC signed a MoU with PT Arbaya Energi to develop an alumina smelter in West Kalimantan province of Indonesia The two companies will "work together to develop the appropriate resources and infrastructure investment," Rusal said in a statement. Rusal didn’t talk about its investment, but Hatta Rajasa, Coordinating Minister for Economic Affairs of Indonesia, told The Wall Street Journal t the agreement represents a sum of around $3 billion investment of around $3 billion-- half of the investment for the smelter and rest for supporting infrastructure like ports and roads. "The concrete projects are to be identified in due course and agreed by both companies," Rusal added. Indonesia has barred mineral ore exports as it seeks to increase its exports value via domestic...
