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. announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada, in connection with a “best efforts” marketed offering of class A shares and warrants of Orbite. The Corporation has retained Euro Pacific Canada Inc. to lead the Offering together with National Bank Financial Inc. Final pricing and determination of the number of class A shares and warrants to be sold pursuant to the Offering will occur prior to the filing of the final short form prospectus in respect of the Offering. Closing of the Offering is subject to final pricing and regulatory approval. The net proceeds from the Offering will be used primarily to complete the Corporation’s high-purity alumina plant located in...
China Customs data show that China imported 196,000 mt of alumina from Australia in May, down 66.3% YoY. YTD imports through May totaled 1.54 million mt, down 16.1% YoY. The CIF price of Australian alumina remained high at USD 362.5/mt in May. The FOB price of Australian alumina fell from February’s USD 351.5/mt to USD 323/mt last Friday. The sea freight, however, held stable at USD 23/mt. High CIF prices for Australian alumina helped prevent imported alumina prices (including tax) at ports from falling. SMM survey found that imported alumina prices at Lianyungang port held stable at RMB 2,600/mt (including tax) in early June. Traders say they will not cut prices sharply since sales prices are nearing or even lower than purchasing prices. Some long-term imported alumina contracts in...
China’s alumina output hit 3.86 million mt during May, up 10.29% YoY, bringing capacity to 45.45 million mt/yr on an annualized basis, down 1.8%. The lower annualized capacity was mainly resulted from aluminum smelters’ production cuts which left some alumina markets in surplus and weak alumina prices that forced some alumina producers to start maintenance.
The State Government has sought status report from the Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) on 10 MoUs signed for projects in aluminium, cement, auto ancillaries and titanium. The projects of Vedanta Aluminium Ltd (VAL), Aditya Alumina, RSB Metaltech, ASO Cement, Ultra Tech Cement, OCL India, Shiva Cement, RSB Transmission, Amtek Metal and Mining and Titanium Products are set to go under scrutiny. VAL, which signed MoU with the State Government in June 2003, has an alumina refinery of one million ton per annum (mtpa) capacity at Lanjigarh in Kalahandi district. The plant was shut down on December 5 last year due to non-availability of bauxite. The MoU of Aditya Aluminium has also expired since April 2012. The company proposed to set up one mtpa alumina...
India’s National Aluminum Company Limited (Nalco) and the country’s third-largest producer of aluminum, may soon be getting access to a new 65-million-ton bauxite reserve to expand its alumina refinery from 2.1 million tons a year to 3.1 million tons a year by 2016. A draft of a detailed project report (DPR) for the expansion of the alumina refinery had been prepared and placed before the company board for final consideration. The expansion is part of Nalco’s overall growth plan by 2020. Alumina is the intermediate product of aluminum and is produced from bauxite. Once they complete the expansion, it is estimated that Nalco would generate additional revenue of about US $340 million. The expansion and mine development would require about US $800 million as investment. The Odisha state...
Shares in Orbite Aluminae Inc. soared more than 25 per cent in heavy trading on news the company has locked up a buyer for all of its anticipated production of smelter-grade alumina at its Quebec plant. The stock rose to a high of 99 cents before easing back to 86 cents – up 16 cents on the day, or 22.8 per cent – in trading on the Toronto Stock Exchange on Tuesday. The junior mining company said it has struck a deal with Glencore International AG to sell to Glencore 100 per cent of the smelter-grade alumina from Orbite’s proposed plant in Cap-Chat, Que. The agreement is for a 10-year period from the start of commercial production. Orbite also said on Tuesday it plans to discuss the possibility of Glencore taking a financial position in the ownership and operation of the Cap-Chat...
After exhausting its options to source bauxite from the domestic market, Vedanta Aluminium Ltd (VAL) is mulling importing the raw material to resume operations at its Lanjigarh refinery. The one-million alumina refinery has remained shut since December 5, 2012, on bauxite crunch and VAL has been making frantic efforts to restart the plant. The company recently announced it would resume operations of the refinery by the end of this month. “We are looking at the possibility of importing bauxite as it will enable us to restart operations of the refinery quickly. VAL is exploring the possibility of imports from countries like Indonesia, Tanzania, and Australia. We hope to work out a deal in the next four-five days,” said a senior company official. Although imported bauxite will be costlier...
A unit of Glencore Xstrata plc entered into an agreement with Orbite Aluminae Inc to purchase smelter-grade alumina (SGA) from its proposed plant in Quebec. Under the terms of the agreement, Glencore International AG will buy all the output from the clean technology company's first SGA plant in Quebec for an initial term of 10 years, Orbite said in a statement. Orbite and Glencore will also undertake negotiations for Glencore's potential financial participation in the ownership and operation of the proposed SGA plant in Quebec, Orbite said. Financial details of the agreement were not disclosed.
The average SMM alumina price has fallen from May’s RMB 2,514/mt to current RMB 2,473/mt, but the average price for long-term alumina contracts has risen from May’s RMB 2,482/mt to current RMB 2,526/mt. Prices of imported alumina at ports have slipped from RMB 2,654/mt in May to current RMB 2,600/mt, but are still at a price disadvantage over domestic materials. Two reasons were behind the decline in domestic alumina prices. First, growing production cuts at aluminum smelters cut into demand for alumina. Second, commissioning of new alumina capacity created an overhang of alumina. These two factors intensified competition among producers, weighing down alumina prices. Spot aluminum prices inched up in June, but this failed to bolster alumina prices appreciably. SMM understands that...
The global market for Alumina Zirconia Oxide Abrasives is projected to reach US$202.3 million by 2018, driven by robust industrial activity in the developing countries and the resurgence of key downstream industries. As stated by the new market research report on Alumina Zirconia Oxide Abrasives, Asia Pacific region, led by robust industrial activity in China, India and South Korea, constitutes the largest and the fastest growing market with a projected CAGR of 5.6% over the analysis period. Driven by favourable demographic factors, industrial activity in emerging economies of Eastern Europe, Asia, Latin America, the Middle East and Africa is expected to outperform the developed markets of the US, Japan, and Western Europe in the next few years. Also, the strong government focus on...
Billionaire Russian oligarch Oleg Deripaska’s firm Aughinish Alumina paid just €1,952 in corporation tax over the past five years, despite generating sales of more than €191 million, reports the Sunday Independent. Deripaska, whose wealth is valued at $8.8 billion (€6.6 billion) by Forbes magazine, owns the Limerick plant through Rusal, the world’s largest aluminium producer. Between 2007 and the end of 2011, Deripaska’s Irish company made pre-tax profits of €20.25 million. A parent company, Limerick Alumina Refining, paid less than €350,000 in corporation tax since 2008. It made losses in 2008 and 2009 and has been profitable since then, but tax exposure was reduced through timing differences and losses claimed as group relief.
The data from General Administration of Customs of the People’s Republic of China showed that in May, China's imported alumina totaled 200,000 tons, decreased by 72 percent year-on-year, and 38% month-on-month. January to May this year, China's imported alumina totaled 1.56 million tons, decreased by 28% year-on-year. This was caused by the domestic output reduction of electrolytic aluminum and the increase of market share of domestic alumina. According to statistics, in the first four months, more than 10 domestic electrolytic aluminum enterprises reduced production capacity, about 900,000 tons per year. From June, Aluminum Corporation of China Limited and other five companies plan to cut 850,000 tons production capacity per year. With the increase of this phenomenon, electrolytic...
A force majeure at the world's largest alumina refinery is unlikely to have a significant impact on aluminum prices, unless production issues persist for an extended period, market participants said Thursday. Norsk Hydro ASA announced force majeure at its majority-owned Alunorte alumina refinery in Brazil on Wednesday following two separate power outages at the facility. The company said that lower production as a result of the power disruptions could affect its deliveries of alumina. customers. Alunorte, which is 91% owned by Norsk Hydro, has an annual production capacity of 6.3 million metric tons of alumina. In the first quarter, it produced 1.36 million tons of alumina, but this is likely to be lower in the second quarter because of the power supply problems and remain at an...
China Customs data show that China imported 200,000 mt of alumina in May, down 72% YoY and 38% MoM. YTD imports through May totaled 1.56 million mt, also a drop of 28% from the same period last year. SMM attributes the sharp decline in alumina imports to domestic aluminum smelters cutting production and falling prices of domestic alumina. SMM data reveal that twelve domestic aluminum smelters including Jiangsu Datun Aluminum and Guangxi Baise Yinhai Aluminum cut a combined 920,000 mt/yr in aluminum capacity during January-April. In June, another six aluminum producers including the Aluminum Corporation of China (Chalco) and Qinghai Xinheng Aluminum planned to cut a total of 850,000 mt/yr in capacity. Further production cuts are expected in the future. Tiandong alumina project of Guangxi...
Vedanta Aluminium Limited (VAL), Lanjigarh has been conferred with ‘Best Corporate Award’ in Aluminium sector. Minister of Revenue and Disaster Management, Government of Odisha, Shri Surya Narayan Patro presented the award in presence of Shri Abasar Beuria, former Ambassador and Padma Vibhushan Shri Raghunath Mohapatra. Rabi Narayan Mishra, Head-HSE at VAL-Lanjigarh, received the award on behalf of the company at a function held at Bhubaneswar on June 9, 2013 which was organised by leading media organization Odia Televiewers Pvt Ltd. VAL bagged the award for its world class alumina refinery at Lanjigarh. The Alumina Refinery is a green field refinery with an existing capacity of 1 mtpa. It is the first Alumina Refinery in India to adopt the Zero Discharge System, i.e. no water or effluent...
Hydro issued a notice of force majeure to its alumina customers on Wednesday as power outages and lowered production at Alunorte alumina refinery may affect alumina deliveries to customers. It is currently not possible to determine or estimate whether and how deliveries to customers will be affected. Norsk Hydro ASA's partly-owned Alunorte alumina refinery in Brazil has recently experienced power outages resulting in disruption to production. On 18 May 2013, Alunorte experienced a black-out in its electrical power supply system due to unexpected external events and as a consequence Alunorte suffered a partial electrical power outage. On 2 June 2013, while in the process of stabilizing and resuming production, Alunorte experienced another, shorter black-out caused by an unrelated, external...
Russia-based United Company RUSAL, the world’s biggest aluminium producer, plans to build a bauxite refinery in Indonesia to produce alumina, in order to benefit from the government’s ban on the export of unprocessed ores by 2014. Top executives from the company expressed their interest during a meeting with Deputy Industry Minister Alex Retraubun and industry officials on Tuesday in Jakarta. They discussed, among other things, possible tax incentives offered by the government for the proposed investment. As an initial step, RUSAL would carry out a feasibility study on the alumina manufacturing facility in September, Retraubun said after the meeting. “If the feasibility study runs to schedule and the plan is realized, it would not be out of the question to see the smelter ready in the...
After struggling hard for over two decades, Utkal Alumina International Limited (UAIL), a subsidiary of Hindalco Industries, has finally started trial production from its 1.5 million ton alumina refinery at Doragurah, near Kasipur in Odisha’s Rayagada district. During trial production, the plant is operating at only 10 to 15 percent of its capacity and after the stabilisation process, it will attain full capacity over next six months, said a senior officer of the company. The INR 7,000 crore refinery project has a 90 Mw co-generation thermal power plant and a captive mine with capacity to produce 4.2 million ton of bauxite per annum at Baphilimali-spreading over Rayagada and Kalahandi districts, about 17-km from the plant site. As the company is yet to start the mining operation, it has...
