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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According to China Customs, China imported 200,000 mt of alumina during March, down 54.5% YoY. YTD imports through March amounted to 1.04 million mt, also down 10.3% YoY. This is the first time China’s alumina imports slid to near 200,000 mt since December 2012, a steep decline from January’s 490,000 mt and February’s 350,00 mt. SMM attributes the sharp fall to two reasons. First, imported alumina enjoyed no advantage over domestic one. SMM data indicate prices for imported alumina at Lianyungang were RMB 2,650-2,700/mt (including tax) in March, higher than RMB 2,470-2,630/mt for domestic material. As such, buyers favored domestic alumina, causing alumina inventories at ports to grow and discouraging Chinese enterprises from importing. Second, growing supply of domestic alumina from...
Alumina Ltd’s share price was up sharply on news that Alcoa, with whom Alumina are in a joint venture, saw a big jump in first quarter profits. The US company Alcoa reported a 59 per cent increase profits for the first quarter compared to the corresponding period, reports AAP. Alumina’s CEO John Bevan tied the result to improved conditions in the aluminium industry. "However aluminium and alumina prices have fallen recently and we remain cautious on the outlook for the remainder of the year," he said, in comments reported by The Australian. Alumina is in a 40/60 joint venture with Alcoa in Alcoa World Alumina and Chemicals, which runs smelters at Port Henry and Portland. The price of aluminium has been pushed down in recent years by overproduction in China.
Deutsche Bank today maintained a Buy rating on Alumina Limited. Analyst Paul Young said he expects a bumpy Q2 but thinks fundamentals remain strong. "Importantly we expect a rebound in the alumina price in 2H (to US$350/t) on tightening fundamentals (stronger demand and cost push in China) and strong margin expansion," said Young. Shares of Alumina Limited closed at $4.17 yesterday, with a 52 week range of $2.65-$5.26.
Vimetco Russian company targets to produce 2 million tonnes of alumina ore from his mines located in West Kalimantan by the end of this year. According to Susilo, the Russian company has been working with local company PT Intan in Sangatta area, West Kalimantan to produce alumina. "They are very serious, and they will use these technologies that are rapidly diimplemantasikan so hopefully end of this year they have started production," Susilo said as quoted from the official website of the Ministry of Energy.
Shares in Australia’s Alumina are soaring after its joint venture partner Alcoa signalled that the aluminium industry had turned around, with a jump in profit. The US aluminium giant Alcoa reported a 59 per cent rise in first quarter earnings. Alumina’s shares were up 6.25 cents, or 6.22 per cent, at $1.0675 in afternoon trade. Alumina chief executive John Bevan said Alcoa’s strong result reflected improved industry conditions, despite volatility in aluminium prices and a strong Australian dollar. Melbourne-based Alumina’s only earning asset is its 40 per cent stake in Alcoa World Alumina and Chemicals, with Alcoa holding the remaining 60 per cent. AWAC operates aluminium smelters in Victoria at Portland and the struggling Point Henry plant, near Geelong, which has had to be propped up by...
Engineering & construction giant L&T on Tuesday said its integrated alumina refinery and smelter project in the state is under suspension. L&T through a joint venture partnership with Dubai Aluminium Ltd in 2005 had proposed to invest $5515 million on a three million tonne per annum (mtpa) alumina refinery, 1.5 mtpa smelter project and a captive power plant (CPP) at an investment of $ 5515 million. The refinery project was to be established in Rayagada district on about 4,000 acres of land. The smelter complex with capacity of 1.5 mtpa was to come up near Sambalpur. “Our integrated alumina refinery and smelter project proposed in Odisha is suspended and stopped. I had come to meet him (Odisha chief minister Naveen Patnaik) for this project,” L&T chairman A M Naik said. Asked on the...
A fire broke out in the cooling tower at Alcoa's Kwinana alumina refinery today causing up to $1 million damage. There were reports of an explosion and a plume of black smoke flowed from the refinery. Department of Fire and Emergency Services spokesman Allen Gale confirmed the blaze started a short time before midday in the cooling tower. "Our district officer has been in touch with Alcoa," he said. "There was a fire in the cooling tower, which they were able to extinguish very quickly themselves and did not need assistance. "There were no other associated hazards." An Alcoa spokeswoman said the cooling tower was undergoing planned maintenance when the fire started. She said no one was injured and it did not appear the incident would impact production. “An investigation is now underway...
The Banja Luka Stock Exchange on Monday suspended trading in the heavily indebted alumina plant Birac ad Zvornik, which is subject to bankruptcy proceedings, for 11 days, it said on its website. The government of Bosnia's autonomous Serb Republic ordered the tax authority at the weekend to launch bankruptcy proceedings at the loss-making plant, majority-owned by the Lithuanian lender Ukio Bankas, which is itself being taken over after going into administration. The decision follows a police investigation last week into alleged tax evasion and irregular spending at the Birac plant. "The stock exchange has temporarily suspended trade in stocks of the issuer Birac Zvornik to enable investors to get full information about the condition of the issuer," the BLSE said in a statement. It said the...
The FOB price for Australian alumina has been dragged down by falling LME aluminum prices to USD 322/mt, down USD 6/mt or 1.83% from before the Chinese Qingming holiday. LME aluminum prices have dropped to USD 1,880/mt from USD 2,174/mt on February 25, 2013, a decrease of nearly 13.52%. Alumina prices tracked LME aluminum down to USD 322/mt from USD 352/mt in early February, down 8.52%. China’s alumina imports grew significantly on falling Australian alumina prices. China imported 839,700 mt of alumina during January and February, up 16.21% YoY, with 99.60% of imported alumina coming from Australia. Continuously falling Australian alumina prices have sent spot alumina prices at Lianyungang down slightly to RMB 2,640-2,690/mt (including tax).
On Thursday, the top TSX mover was Orbite Aluminae Inc. The stock lost 9.2% and was trading at $0.99 on volume of 3.6 million. On April 3, the alumina producer filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The prospectus is not a commitment to undertake any financing but provides flexibility over the normal course of business to fund the company's projects over the 25-month period that it remains effective. Recently, a Bay Street analyst said a delay in receiving equipment to process minerals into aluminum would result in missed production goals for the company.
Bosnia's Serb Republic government ordered the tax authority on Saturday to launch bankruptcy procedures at the region's indebted alumina plant, majority-owned by troubled Lithuanian lender Ukio Bankas . The decision follows a police investigation earlier this week into alleged tax evasion and irregular spending at the plant, whose majority stake-holder is controlled by Vladimir Romanov, owner of cash-strapped Scottish soccer club Hearts. The loss-making Birac, Bosnia's sole alumina plant, is located in the eastern town of Zvornik and has been struggling to pay off mounting debts. "What has been left of Birac is just a big wreckage," the region's Finance Minister Zoran Tegeltija told reporters. Birac is a major employer in the Zvornik area but recorded a loss of 5.4 million Bosnian marka...
Orbite Aluminae Inc., the Montreal- based company seeking to extract alumina and rare-earth metals without toxic residue, fell to the lowest in more than two years as equipment delays threaten production goals. Orbite dropped 22 percent to C$1.07 at 10:56 a.m. in Toronto, the lowest intraday price since Jan. 18, 2011. Trading, which was halted because of the decline, is expected to resume today, said Jason Morley, an Orbite spokesman who works for Stanton Public Relations & Marketing. A delay in receiving equipment to process minerals into aluminum means the company will not meet production goals and may not generate revenue until next year, said Luisa Moreno, a Toronto-based analyst at Euro Pacific Canada Inc. The company, which has declined 56 percent this year, reported no revenue for...
Montreal-based Orbite Aluminae Inc., developing an alumina project in Quebec’s Gaspé region, said on Wednesday that it is filing a short-form prospectus with provincial regulators to provide future financial flexibility in funding its diverse projects over the next 25 months. It plans to raise about $300 million. “We’re a development stage company with multiple projects with different capital needs over the next two years,” CEO Richard Boudreault said in a statement. “We’re assessing all financing options, including joint-venture partnerships, project debt and new equity ... all designed to maximize shareholder value.” Orbite’s pilot plant at Cap Chat is nearing commercial production of super high-grade alumina. The feasibility study for production of lower-grade alumina for the aluminum...
UC RUSAL, the world's largest aluminium producer, announces the next step in Aughinish alumina refinery's modernisation programme, which will include the shift of steam production from heavy oil to gas as its main energy source. The change of oil-fired boilers to gas-powered steam generators will reduce carbon emissions by 5%, particulate pollutants by 33%, nitrogen oxide by 38% and eliminate all sulfur oxide emissions. RUSAL is to invest approximately EUR 15 million in the project which is to pay off in less than a year. The Aughinish refinery is based in Ireland and uses two gas-turbine power units and three oil-fired boilers. The rationale for gas-powered steam production includes the economic effect from low-cost gas supplies and the significant reduction of the environmental impact....
Orbite owns and operates a facility in Cap-Chat, Québec, that was originally operated as a pilot plant up to and until March 2012. The 2,600 m2 pilot plant has since been converted into a full-scale 5,903 m2 high-purity production plant, designed to produce alumina at a purity level of 99.99% ("4N") and greater, which began commissioning on December 18, 2012. On January 22, 2013. Orbite announced that it had produced and independently verified the production of one tonne of HPA. Although the commissioning and optimization activities are expected to continue further into 2013 than the Company previously anticipated, the plant is expected to achieve commercial production of 3 tpd in Q4 2013, thus completing Orbite's conversion from a pre-revenue development company into an alumina producer....
Alumina Limited lost 0.43% at $4.59 after trading over 602,000 ADRs. It is a leading Australian company listed on the ASX and the NYSE, and invests world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through its 40% ownership of Alcoa World Alumina & Chemicals, the world’s largest alumina business. Earlier this month, the company announced that its Board of Directors did not declare a dividend for the fiscal year 2012. Last month it announced that Chinese resources company CITIC Resources Holdings Limited would unconditionally subscribe, in aggregate, for 366,029,428 fully paid ordinary shares in the company, being 15% of Alumina’s current capital base, representing 13.04% of Alumina’s capital base following completion, thereby raising about AUD 452...
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced its financial and operating results for the year ended December 31, 2012. For the year ended December 31, 2012, the Company reported a net loss of approximately $104.6 million ($0.57 per share), including a $135.7 million non-cash impairment charge and $53.8 million net gain on derivative instruments, compared to a net loss of approximately $130.6 million ($0.71 per share), including a $95.5 million non-cash impairment charge and a $44.4 million net loss on derivative instruments, for the same period in 2011. On December 31, 2012, the Company had working capital of about...
Orbite Aluminae Inc.is pleased to announce that the first commercial samples of high-purity alumina produced at its HPA plant in Cap-Chat, Quebec, and having a minimum purity of 4N (99.99%), began shipping this week to several customers in Europe, Asia and North America. Orbite has already received over 25 confirmed orders for HPA samples ranging from 4N to 5N purity from clients throughout the world. "This is a very important milestone for Orbite as it signals our official entry into the global high-purity alumina market, " said Richard Boudreault, President and CEO of Orbite Aluminae. Customer HPA samples of 4N purity or greater are expected to continue to ship during the first half of 2013 as material of the appropriate purity and characteristics became available to satisfy customer...
