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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After its alumina refinery at Lanjigarh was shut due to lack of bauxite, now operations at Vedanta’s aluminium smelter in Odisha have been hit by shortage of alumina. Time and again, Vedanta Aluminium Limited (VAL) has asked National Aluminium Company Limited ( Nalco), which has surplus alumina, to sell it the commodity at a premium, but in vain. B L Bagra, director (finance) of Nalco, confirmed VAL had offered to pay a premium over Nalco’s export price. However, he added the company’s strategy was to export alumina. Others said Nalco’s move was triggered by the company’s reluctance to encourage competition. Nalco and VAL are competitors; both manufacture and sell aluminium. Speaking to Business Standard, a VAL official said the company was ready to offer a premium of 7-10 per cent to...
The Government and representatives of aluminum giant UC Rusal are to hold talks today, as the parties seek to sign off on an arrangement for alternative energy solutions for the reopening of the Alpart and Kirkvine alumina plants. UC Rusal closed Alpart and Kirkvine in 2009, amid the global downturn in demand for alumina. However, the cost of electricity in Jamaica has been a prime feature in the consideration to reopen the plants. Last October, the Government granted UC Rusal a one-year concession to keep the Ewarton plant open. In the meantime, Energy Minister Phillip Paulwell said during today's discussions, the government will be insisting on a clear timeline for the reopening of Alpart and Kirkvine. After spending some US$4 million over the past 10 years, the Government has finally...
China Power Investment Corporation (CPI) suggested to build an annual production of 4,000 thousand tons alumina refinery in Boffa has obtained permission from Guinea Government. This project was invested about 6 billion dollars totally, including a deepwater port and a power station. The project has obtained permission at recent cabinet council. Council of ministers signed and issued Environmental Protection Certificate for CPI’s project, this was the last procedure needed before groundbreaking and construction. China Power Investment Corporation (CPI) is the second largest aluminum producer in China, to promote aluminum value chain integration is the company’s recent strategy way. This kind of development in Guinea contributes to ease company’s supply falls short of demand situation.
Alumina Limited was upgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. A number of other analysts have also recently weighed in on AWC. Analysts at JPMorgan Chase upgraded shares of Alumina Limited from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, November 23rd. Analysts at Bank of America upgraded shares of Alumina Limited from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 2nd. Five equities research analysts have rated the stock with a buy rating, six have given a hold rating, and three have given a sell rating to the stock. Alumina Limited currently has an average rating of “hold” and a...
Canberra has countered calls for a drastic intervention in the domestic gas market to guarantee energy supplies to a Rio Tinto aluminium refinery amid estimates it could cost $2 billion to rescue the Northern Territory facility. Resources Minister Martin Ferguson moved against the proposals by signalling it would be up to Rio and the Northern Territory government to strike a commercial deal to power the refinery. While the federal government is willing to help build a pipeline to the facility, the minister said the assistance would not extend to underwriting the gas supply. Rio announced last October it was reviewing the Gove smelter and reiterated yesterday that it would decide by the end of this month on whether to suspend the operation, which employs 1400 workers and adds about $400m a...
Shares in Australian company Alumina have risen after aluminium giant and joint venture partner Alcoa beat sales expectations and forecast a rise in demand in 2013. Alcoa kicked off the US earnings season posting net income of $US242 million ($231.5m), compared to a $US193m net loss from the same period a year ago. Excluding one-time gains, such as the sale of a hydroelectric project, the amount was only $US64m. Melbourne-based Alumina's only earning asset is its 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), with Alcoa holding the controlling remaining 60 per cent. That includes aluminium smelters at Portland and the struggling Point Henry plant in Victoria. Shares in Alumina, which is among Australia's top 100 companies by market capitalisation, were 4.75 cents, or 4.85...
India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term export contract for 270,000 tonnes of alumina for deliveries in 2013 at 16.53 percent of the LME aluminium price on a free-on-board (FOB) basis, company sources said on Monday. The Switzerland-based buyer, whose name was not disclosed by the sources, will receive the alumina in batches between January and December. NALCO, whose tenders serve as a global benchmark, sold 300,000 tonnes of alumina in November for deliveries in 2013 to a Hong Kong-based buyer at 16.56 percent of the LME aluminium price on a FOB basis.
The fight to save nearly 1600 Rio Tinto aluminium jobs in the Northern Territory is dangerously close to being lost after the government admitted negotiations had stalled. Mining giant Rio Tinto's subsidiary Pacific Aluminium said on Monday that it was considering shutting its loss-making Gove refinery on Aboriginal land at Nhulunbuy in the NT's north-east. Pacific Aluminium wants the refinery to convert from heavy fuel oil to gas to reduce massive electricity costs, that contributed to the heaviest losses of its aluminium assets last year. However that will require a $900 million pipeline and the gas supplies are yet to be secured, despite the NT having large potential for new gas production. A new 600km pipeline to an energy-intensive refinery in remote Arnhem Land would provide a large...
China Hongqiao Group Limited (01378) announced to build a joint venture with Winning Investment, PT. Cita and PT. Danpac in Indonesia, held 60%, 10%, 25% and 5% of share respectively. The JV’s issued capital was 94bn IDR ( 75,000 thousand HKD). This joint venture will establish and manage alumina manufacturer with at least 2,000 thousand tons of planned annual output in West Kalimantan, the products will sell in Indonesia and abroad. The company expected total investment amount may about 1bn dollars, the last investment will made at the end of 2015 or before. Each company will supply and deposit concerned fund as amount of contribution to capital according to the demand of JV during capital increase period. The company hold that to establish and manage JV will help the company to...
Canadian Manufacturers & Exporters (CME) in collaboration with the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP), recognize Orbite Aluminae Inc., based in Montreal, Quebec, as national winner of the 2012 Regional Awards for New Technology. Orbite Aluminae Inc. is a Canadian cleantech company whose innovative technologies are setting the new standard for alumina production. Orbite technologies enable environmentally-neutral extraction of smelter-grade alumina (SGA), high-purity alumina (HPA) and high-value elements, including rare earths and rare metals, from a variety of sources such as aluminous clay and bauxite, without generating toxic red mud residue. Orbite's operations have a negligible environmental impact compared to the conventional process...
Bauxite mining company PT Cita Mineral Investindo Tbk (CITA) established a joint venture company with companies from China and Hong Kong to develop an alumina smelter in West Kalimantan. Yusak Lumba Pardede, Corporate Secretary of Cita Mineral, said the smelter will have capacity of two tons per year. Yusak said Cita Mineral and the company’s subsidiary will supply bauxite for the smelter. Cita Mineral, allowing with China Hongqiao Group Limited, Winning Investment Company Limited and PT Danpac Resources Kalbar, established PT Well Harvest Winning Aluminum Refinery as the joint venture company.
Police authorities are beefing up their presence at Anrak alumina plant area to withstand protests scheduled to be held by Congress party activists at the site. Despite prohibitory orders being clamped in the plant area by police, Narsipatnam Congress MLA Bolem Muthyala Papa has decided to take out a massive protest in front of the plant, giving jitters to the cops. This is the first time that a leader from the ruling Congress party has picked up the baton to fight on behalf of the plant displaced persons. The MLA has listed out nine demands on behalf of displaced persons and warned the authorities and plant management of taking up hunger strike if they failed to accept these demands. The MLA has already lodged a complaint against the Makavarapalem sub-inspector with the Assembly speaker...
Vinacomin is officially organizing the business plan in 2013 between internal units. Expected general economic situation for 2013 is still difficult. So TKV offer flexible plan. Accordingly, for the commodities of coal, TKV has given 2 options. Consumption in 2013 is 43 million tons, or 41.5 million tonnes, corresponding to the production plan is 46 million tons, or 43 million tons. For the mineral, chemical, mechanical, Vinacomin will perform a maximum production capacity in the market. Specifically, in 2013 300 thousand tons of alumina products are expected to be shipped. This is a new product of Vinacomin for the development of Vietnam’s aluminum industry. Vinacomin said that it is worried because in the last 12 months, country’s first alumina plant Tan Rai (Lam Dong) by the Group has...
The government of Guinea on Friday cleared a project by state-owned China Power Investment Corp to invest nearly $6 billion in an alumina refinery in Boffa, some 120 km (75 miles) west of the capital, a statement from the government said. The project for the 4 million tonne per year refinery, which also includes a deep water port and a power plant in the mineral-rich west African state, was given the green light during a cabinet meeting on Friday. "The council of ministers authorized the issuance of an environmental compliance certificate for China Power Investment's project," the statement said, clearing the last hurdle before the construction phase.
Orbite Aluminae Inc. has completed the previously announced brokered private placement of units for an aggregate amount of $5,000,000 and that the private placement was again oversubscribed. Each unit was priced at $5,000 and was comprised of 1,156 class "A" shares issued on a flow-through basis at $3.25 each and 478 non flow-through class "A" shares at $2.60 each. The Company intends to use the net proceeds from the Unit Offering for Canadian Exploration Expenses at its Grande-Vallée, Cap-Chat, Rimouski and Chaswood (Nova Scotia) properties and for general corporate purposes. "This financing enables Orbite to accelerate the exploration of its properties across the Gaspé and Quebec City regions of Quebec and in Nova Scotia with the goal of diversifying our potential mine sites feeding...
The country’s largest aluminium maker Vedanta Aluminium is unlikely to start operations at its Lanjigarh unit in the near future as it is yet to secure bauxite supply to run the plant. “It is very difficult to give a timeline. Unless we get secured source of supply of raw material, we will not be able to reopen the plant,” President of Vedanta Aluminium Mukesh Kumar told PTI. He also said that there was no formal communication from the Odisha Government regarding supply of bauxite. Vedanta Aluminium had shut down its one-million-tonne Lanjigarh refinery unit a fortnight ago, due to shortage of bauxite. The unit requires 10,000 tonnes of bauxite per day to run at full capacity. Kumar said the company was not able to source the bauxite from other states. Earlier, the company sourced...
Earlier this month, Vedanta Group was forced to shut its one million tonnes per annum alumina refinery at Lanjigarh in Odisha’s Kalahandi district due to unavailability of bauxite, 15 years after state-owned Orissa Mining Corporation signed over its rights to mine bauxite in the Niyamgiri Hills to the group firm. The group has invested Rs 30,000 crore in six years to set up the aluminium business under Vedanta Aluminium, believing it would be able to get approvals for captive bauxite mines by the time the facilities get commissioned. Eventually, it commissioned a 1 mtpa refiner, a 0.5 mtpa smelter and a 1,215 Mw captive power plant, but approval for bauxite mining did not come. “In such a state of affairs, it would be difficult for the projects to come up,” said Mukesh Kumar, CEO of...
Indian state-run National Aluminium Co (NALCO) has issued an LME-linked one-year tender for export of 270,000 tonnes of alumina for delivery in 2013, company sources said on Thursday. The last date for submission of bids is Jan 4. The deliveries would be made in batches between January and December next year. NALCO, whose tenders serve as a global benchmark, in November sold 300,000 tonnes of alumina for deliveries in 2013 to a Hong Kong-based buyer at 16.56 percent of the LME aluminium price on a free on board (FOB) basis.
