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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Aluminum Corp. of China Ltd., the nation’s biggest producer, reported a wider second-half loss because of falling prices and higher costs for alumina, which is used to produce the lightweight metal. The net loss was 4.98 billion yuan ($801 million) in the six months ended Dec. 31, from a loss of 174.6 million yuan a year earlier. The result was derived by deducting six-month figures from full-year earnings released today in a statement. The Beijing-based company today reported a full-year loss of 8.23 billion yuan in 2012, wider than the 5.4 billion yuan median estimate of analysts compiled by Bloomberg. Today’s results came after Chalco said in January it had a “substantial” loss as alumina production costs rose 4 percent and prices for aluminum metal were about 7 percent lower than a...
India's Nalco Monday confirmed it plans to invest in a 1 million mt/year alumina refinery in the state of Gujarat that is scheduled for completion in 2017. The project was officially announced last August by then Nalco chairman and managing director B.L. Bagra at the company's AGM. Bagra did not mention a timeline at the event, saying only that "preparation of DPR [detailed project report] has been taken up". But India's Economic Times had lifted the veil on the plan earlier by reporting in January 2012 that Nalco had paid an upfront fee of $26.94 million to team up with Gujarat Mineral Development Corp. to build the refinery. Nalco was the sole qualified bidder for the project, the newspaper reported. Nalco and GMDC did not respond to Platts queries at the time, and Nalco last August and...
According to Shandong Nanshan Aluminum’s 2012 annual report, the company reported RMB 14.87 billion in operating revenues in 2012, up 11.57% YoY. However, its profits declined 28.72% YoY to RMB 985 million and net profits attributable to its parent company also dropped 32.39% YoY to RMB 691 million. Operating revenues from aluminum and aluminum extrusion, its two major businesses, hit RMB 23.43 billion, with gross profit margin at 1.63%, down 0.64 percentage point. Operating revenues from alumina rose 15.65% YoY to RMB 3.73 billion, but gross profit margin was down 8.98% YoY to 4.92%, the biggest decline among all products. After the Indonesian government restricted bauxite exports in 2012, the company is actively negotiating with Indonesian bauxite supplier – MKU. Meanwhile, the company...
Global Alumina Corporation announced today a further update on its efforts to raise capital in order to, among other things, complete the previously-announced proposed acquisition from The Broken Hill Proprietary Company Pty Limited of its one-third interest in the Guinea Alumina joint venture project. Under the sale and purchase agreement, completion of the acquisition was first scheduled to occur by March 20, 2013 assuming satisfaction of all conditions precedent by that date. These conditions precedent have not yet been satisfied. The Company is in advanced negotiations with several prospective investors to raise additional capital, and BHP has not taken action to terminate the SPA. There can be no assurance that the Company's efforts to raise capital or complete a strategic...
Shares of Alumina are trading down 3.1% to $5.02 today on above average volume. Today's volume of 495,000 shares tops the average 30-day volume of 327,000 shares. Spikes in volume can validate a breakout or signify a potential turning point. In the past 52 weeks, shares of Alumina have traded between a low of $2.65 and a high of $5.94 and are now at $5.02, which is 89% above that low price. Over the last five market days, the 200-day moving average has remained constant while the 50-day MA has advanced 1.1%. Alumina has potential upside of 59.4% based on a current price of $5.02 and analysts' consensus price target of $8.00. The stock should find initial support at its 50-day moving average of $4.31 and further support at its 200-day MA of $3.68.
Vedanta's ailing alumina refining unit at Lanjigarh shut since December 5 last year on bauxite unavailability can hope for a long-term succor on raw material supplies. The government has consulted its advocate general over the possibility of grant of ML to L&T which was granted prospecting license for the two deposits in 1992. The two mines spread over Raygada and Kalahandi districts have total deposits of around 300 million tonnes. "We have sought the views of the advocate general-Odisha on the possibility of granting ML to L&T. Our consideration stems from the recent shutdown of Vedanta's Lanjigarh refinery that has triggered job losses, impacting livelihoods of hundreds of families. Vedanta which has partnered L&T for the latter's alumina refinery project has requested us to expedite...
The Minister Martin Ferguson confirmed today that the Commonwealth Government through its Export Finance and Insurance Corporation is now undertaking due diligence for the provision of a loan guarantee to support the financing of a gas pipeline from Katherine to the Gove alumina refinery in the Northern Territory. The refinery, owned by Rio Tinto subsidiary Pacific Aluminium, currently operates its boilers on expensive fuel oil. With the company threatening to close the refinery due to its poor cost structure and low alumina prices, both the Northern Territory and Federal Government intervened offering to help supply the refinery with lower cost natural gas. Rio Tinto is keeping the refinery operating while it undertakes a feasibility study into converting the refinery to gas.
The Iranian smelters produced 207,089 tons of alumina powder in the last 11 months of the current Iranian year (March 20, 2012 - February 19, 2013) Iran also produced over 308,000 tons of aluminum ingots in the same period. The volume of aluminum ingot production at the country's three smelters -- Iranian Aluminum Company, the Al-Mahdi Aluminum Corporation (AAC), and Hormozal hit 308,473 tons during the 11-month period. Head of the Iranian Mines and Mining Industries Development and Renovation Organization Khodamorad Ahmadi announced late 2011 that Iran's aluminum production is expected to reach a total of 1.5 million tons by 2025. Iran has received funds for producing 800,000 tons of aluminum products, he said at the time.
With the running of Bosai 800 thousand tons alumina technical improvement project, Nanchuan has built the largest alumina base in the city; annual production reaching 1600 thousand tons. Through overseas expansion and technological improvement, the production capacity of Bosai Xianfeng Alumina Company improved from 50 to 800 thousand tons. This year, company’s high aluminum low silicon content ore which was obtained from Ghana will deliver to the factory continuously. This means Bosai’s mineral resources were enough though domestic bauxite was tight.
India's state-run National Aluminium Co Ltd has sold 30,000 tonnes of alumina at $345 per tonne free on board to a Dubai-based trader, two company sources said on Tuesday. Alumina will be shipped this month, the sources involved in tendering process, who wished not to be identified, told Reuters. NALCO, whose tenders serve as an international benchmark, last sold the same quantity of alumina to a Hong Kong-based buyer in February at about $357 per tonne free on board via a tender.
Tim Ferland and Aleksandr Rakitin, Business Development Managers for ANF Technology Ltd. talk to AZoNano about their patent alumina nanomaterial known as NAFEN™. It is the brand name of ANF Technology’s aluminum oxide nano fibers, an exciting new product that offers the possibility for innovation across a number of major industry sectors. NAFEN™ is produced in three forms: milled powders, matted fibers and co-aligned fiber blocks. The material can be used as a performance enhancing additive in coatings, polymers, ceramics and other raw materials in order to boost critical physical properties in the end-product. These include significant increases in wear resistance, tensile strength, compressive strength, ductility (flexibility), heat resistance—as well as radiation and chemical...
The acquisition of Gibson High Purity Alumina project in Western Australia has boosted aluminous clay resources held by Australia Minerals & Mining to 147 million tonnes.The 100 per cent owned Gibson project, located 10km by road from the Esperance Port, comprises 200 blocks.Previous exploration in 1990 by Western Mining Corporation, now BHP Billiton, included 47 aircore drill holes and a bulk testing program.An announcement from the company this week said the acquisition will substantially increase the combined resources from its Gibson, Kerrigan and Meckering resources to 297 million tonnes. AMMG will now work on planning their next phase of exploration to increase the resource at the Meckering project, where a drilling program is likely to start later this year.Using aluminous clay...
Global Alumina Corporation announced today an update on its efforts to raise additional capital by way of debt or equity in order to complete the previously-announced proposed acquisition from Broken Hill Proprietary Company Pty Limited of its one-third interest in the Guinea Alumina joint venture project. During the past several months, the Company has been actively engaged in trying to raise capital through a private placement of securities to fund the acquisition of BHP's one-third interest in the Project and the Company's obligations. The Company requires capital not only to complete the transaction with BHP, but also to fund its ongoing anticipated costs, expenses and Project obligations. While several investors have expressed interest in participating in the private placement, the...
International companies trading in New York closed sharply higher Tuesday after the Dow Jones Industrial Average surged to a new record. Alumina Ltd. shares rose 2.6% to $4.69 after logging a drop of more than 4% on Monday. Shares of Sims Metal Management Ltd. (SMS, SGM.AU) gained 1.5% to $10.57.
Glencore International‘s stock had its “outperform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Wednesday. They currently have a $7.14 (475 GBX) target price on the stock. Glencore International opened at 389.05 on Wednesday. Glencore International has a 1-year low of GBX 289.35 and a 1-year high of GBX 439.95. The stock’s 50-day moving average is currently GBX 352.6. Several other analysts have also recently commented on the stock. Analysts at Bank of America raised their price target on shares of Glencore International from $6.46 to $6.76 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Glencore International in a research...
Public hearings scheduled in Rondon do Pará and Elisha Bishop, southeast Pará, to discuss and debate about the project Alumina Rondon liability company Votorantim Metals, the new dates were confirmed by the Secretary of State for the Environment (SEMA), Wednesday, 6. The project Alumina Rondon, who will be deployed in the area of ??the two counties, will perform the extraction and processing of bauxite, alumina production (intermediate product in the production chain of aluminum), road transport of the product and its dispatch by ship in harbor located in Barcarena. With an investment of $ 5.6 billion in its deployment, the company will generate an average of 1600 jobs in the construction and operation phases, between labor and hired itself. In step installation, which includes mine...
Trucking activity into the Queensland Alumina Limited plant will increase from today as the company feels the impact of recent heavy rain. QAL said heavy rainfall had limited its ability to receive coal by rail, and the refinery had had to source alternative coal supplies. Coal will be transported by road from Barney Point Coal Terminal from today, continuing for 20 days. It is expected up to 20 truck movements per day will occur between 6am and 6pm. Trucks will travel from the coal terminal along Barney St, right into Bell St, left into Brisbane St and along Harbour Rd, to QAL. The quad dog trucks will be covered and will be washed at either end of the journey. QAL has apologised for any inconvenience caused, and encourages residents to call 1800 181 110 if they have any queries.
Opposing construction of a railway track leading to Utkal Alumina International Limited (UAIL) at Rayagada's Doragurah under Kasipur block, around 600 tribals congregated at Bilamalo Chhak on Sunday. They alleged that the proposed track will encroach on the road connecting at least five villages. "In past months, we have met the district administration to air our apprehensions but to no avail. The railway track will deny us our right of way," said an agitator. They have been on a dharna since Friday. Sources said though the company has constructed a new road, the villagers are not impressed and said it was too narrow for movement of heavy vehicles. "The existing road constructed under Pradhan Mantri Gram Sadak Yojana should not be damaged for a railway track. We will continue the stir...
