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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Around 6,000 lawsuits have been filed against Norway-based aluminium firm Norsk Hydro in a Brazilian small-claims court in relation to a 2009 water spill at an alumina refinery, the firm said on Friday.A spill at Hydro's majority-owned Alunorte alumina refinery in Brazil in 2009 has resulted in a series of new claims in a local small-claims court. The spill, where water with red mud and bauxite residue overflowed the drainage channels around a deposit, occurred two years before Hydro acquired a majority stake in the world's largest alumina refinery. Red mud deposit: Alunorte's red mud spill happened after an unusually heavy and long rainfall in April 2009. After the incident, the company strengthened both the deposit and the drainage channels to prevent spills from recurring. "The...
The near-term operating environment for Alumina is difficult, as overcapacity is driving down prices, aluminium inventories are at near record levels and capacity closures haven't yet been enough to tighten up the market. In JP Morgan's view this tough near-term outlook for Alumina Ltd should not necessitate an equity rising, as undrawn debt facilities are likely to be enough to ride things out in coming months even if market conditions worsen further before improving. While this is a positive, the issue in JP Morgan's view is weak near-term cash flows that are likely to mean an increase in group debt levels. The broker's estimates suggest dividends received from AWAC won't be enough to cover interest, corporate costs, capital calls and remaining dividend payments. This leads JP Morgan to...
Below are the three companies in the Aluminum industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be. Alumina is lowest with a forward P/E ratio of 3.08. Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent of Alcoa World Alumina and Chemicals through a joint venture with Alcoa. Alumina has traded 100,000 shares thus far today, vs. average volume of 483,000 shares per day. The stock has outperformed the Dow (2.9% to the Dow's 1.4%) and outperformed the S&P 500 (2.9% to the S&P's 1.5%) during today's trading. Following is Noranda Aluminum...
BHP Billiton may sell its 33.3 per cent stake in Guinea Alumina, as its joint-venture partners seek ways to advance a multi-billion dollar project to mine and process bauxite in Guinea that has suffered repeated delays. It comes as BHP overhauls its international mining assets to focus on high-margin commodities like coking coal and iron ore, where it is among the biggest producers by volume, and regions with enough reserves to sustain output for decades. That strategy has already seen BHP sell a non-operated stake in a South African mineral sands operation to Rio Tinto, while its Canadian diamonds unit is also under review ahead of a possible sale. The Guinea Alumina venture proposes to develop a mine with an annual output capacity of 10 million tonnes of bauxite, a key ingredient in...
Equities researchers at Bank of America have upgraded Alumina Limited to a “neutral” rating in a report issued on Friday. Shares of Alumina Limited opened at 3.77 on Friday. Alumina Limited has a 52 week low of $3.44 and a 52 week high of $9.87. The company has a market cap of $2.300 billion and a P/E ratio of 17.79. Separately, analysts at Goldman Sachs upgraded shares of Alumina Limited from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, May 22nd. Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations through its 40% ownership of Alcoa World Alumina and Chemicals (AWAC).
Aneka Tambang, the state-controlled gold and nickel miner, is seeking $2.6 billion in investments through 2014 to finance various projects. The Jakarta-based miner also known as Antam is mulling several options including selling bonds, bank loans or export credit facilities. “External funding accounted for approximately 65 percent of the investment value of Antam’s multi-projects with total costs of $4 billion,” the miner’s president director, Alwinsyah Loebis, said on Thursday. Antam is currently building several projects, including a chemical-grade alumina plant in Tayan, West Kalimantan, a ferronickel plant in East Halmahera, North Maluku, and a smelter-grade alumina plant in Mempawah, West Kalimantan. It also has a ferronickel plant in Pomalaa and a nickel pig iron project in...
The ex-factory price of alumina from Aluminium Corporation of China Limited (CHALCO),China's largest producer of the metal, rose to 2,900 yuan ($455.33) per ton Friday, up 3.6 percent compared with the previous day. The company claims that its bauxite supplies have been affected by Indonesian policies, which are behind the recent price spike. Since May, Indonesia has been raising export tariffs on mineral products, including bauxite, a key component for alumina. In response, CHALCO will likely cut alumina output by 15 percent this year compared with 2011. Five of China's largest alumina makers, including CHALCO, have proposed an initiative for the whole industry to cut output by 10 percent to stale the market.
The Rayagada district administration on Saturday imposed prohibitory orders under section 144 of the CrPc at the Utkal Alumina International Ltd (UAIL) plant site at Doraguda in Kasipur block after irate labourers attacked police and set ablaze a police vehicle. The workers were up in arms against company officials after a labourer died in an accident on the company premises. The deceased was identified as Basist Narayan (42), a resident of Bihar. According to sources, at least four labourers were injured when a huge steel plate fell on them inside the plant on Friday night. While they were admitted to Tikiri hospital for treatment, Narayan was referred to the district headquarters hospital as his condition deteriorated. However, he succumbed to his injuries on his way to Rayagada...
After investing Rs 6,000-7,000 crore for its Aditya Alumina and Aluminium project in Orissa, a greenfield integrated aluminium complex, Aditya Birla group flagship Hindalco Industries is planning to raise around Rs 7,000 crore for the same project within the next couple of months. “We plan to raise that amount, but are yet to decide the funding route. We are awaiting RBI’s decision on interest rate cuts and will decide accordingly. If interest rates come down, we may go for bank borrowings, or else, we will raise the required resources through bonds,” a senior official close to the development told Financial Chronicle without wanting to be named in this report. The project includes 4.2 million-tonnes per annum bauxite mine, 1.5 million-tonnes per annum alumina refinery at Kansariguda and...
Five major Chinese alumina smelters have jointly called on local peers to reduce output by 10% from June, in the hope of stabilizing the market. The move aims to “reduce risks for alumina producers, and to maintain normal operations of the industry”, according to a statement on an official industry website metalchina.com. The advocators include Aluminum Corp of China (Chalco), Nanshan Group, Xinfa Group, Binzhou Hi-tech Aluminum & Power and Bosai Group. The call came after China’s alumina imports more than doubled in April, when local aluminium smelters increased imports in the face of climbing local alumina prices and anticipation of disruption of bauxite shipments from Indonesia. China’s alumina imports totalled 280,000 tons in April, up 115.4% year-on-year. For the first four months of...
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, raised its spot price for alumina by 3.6 percent but the news failed to offset concerns that a production cut will hit its earnings, sending its shares lower on Friday. Chalco raised the price of alumina, the key material for aluminium production, by 100 yuan to 2,900 yuan per tonne from Thursday, a price list showed on its website. The news came after Chalco said it would cut alumina output capacity by 1.7 million tonnes, or 12 percent of its current capacity, after a change in Indonesia's bauxite policy affected supplies. Chalco's shares fell 3.6 percent on Friday, making it the worst blue-chip performer and lagging a 0.1 percent gain in the broader market. J.P. Morgan revised its earnings forecasts for Chalco to a...
Showa Denko K.K. (SDK) has decided to increase its prices for aluminum hydroxide and alumina, and started discussions with customers. Specifically, the price for aluminum hydroxide is to be raised by US$90/m.t. or more as from shipments on June 1, 2012; the price for alumina by US$130/m.t. or more as from shipments on June 1, 2012; and the price for fused alumina by US$190/m.t. or more as from shipments on July 1, 2012. SDK has worked to increase production efficiency and made other efforts to reduce costs. As the costs of raw materials and fuels remain at high levels, however, it is not possible for SDK to fully absorb the increased costs through its own efforts. Thus, SDK has concluded that it has no alternative but to ask its customers to bear part of the cost increase in order to...
Alcoa has cut its alumina production capacity by approximately 390kt/y as a result of recent smelter cutbacks. The cuts will reduce Alcoa’s refining capacity in the Atlantic region by about 4% and are already underway. The Atlantic region represents about 50% of its total global refining capacity of 18Mt/y. In January, the Company announced the closure or curtailment of 531kt of smelting capacity. Of that, 291kt represented the permanent closure of capacity in Tennessee and Texas that had been idled since 2009. Another 240kt, represented curtailments to be taken in Portovesme, Italy and La Coruña and Aviles, Spain. Alcoa has reached agreement with government authorities and unions in both Italy and Spain on the curtailments. The 90kt curtailment in the Spanish smelters has started and is...
The owners of the world's largest aluminium smelter, which is being built in Abu Dhabi, are studying the addition of an alumina refinery to the site that could transform the emirate into a global hub for aluminium production. Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, has issued a tender to study the feasibility of developing a refinery at its existing Emirates Aluminium (Emal) smelter site in Taweelah. That would give the operation much greater control over its own supply chain by allowing it to convert bauxite ore into alumina. "In terms of single-site smelters, Emal is going to be huge," said Olivier Masson, an aluminium consultant at CRU, a London-based metals intelligence company. "It shows that Abu Dhabi is looking at ways to put its gas...
MarketAark : announces report of 2012 Deep Research Report on China Alumina Industry Summary 2012 Deep Research Report on China Alumina Industry was professional and depth research report on China Alumina industry. The report firstly introduced Alumina (AL2O3) industry development history definition classification and allpications etc industry overview. Then introduced Alumina manufacturing technology and process, stastics China Alumina 2009-2016 capacity production supply demand shortage price cost production value and gross margin etc details data and information. And then introduce Alumina raw materials; Alumina market analysis; China Alumina key manufacturers; Alumina industry development trend; Alumina manufacturing cost structure; Alumina industry development problems and Alumina...
The Ma'aden Alcoa aluminium joint venture announced today that it has signed a contract worth SR5.6bn with Hyundai Engineering & Construction Co Ltd to construct its alumina refinery at Ras Al Khair in Saudi Arabia's Eastern Province. The contract includes: • completing detailed engineering, • procurement, • construction, • pre-commissioning, • commissioning assistance, • start-up assistance and • training services. The alumina refinery forms part of the fully integrated aluminium project under construction by project partners Ma'aden and Alcoa. The project also includes a bauxite mine at Al Ba'itha and an aluminium smelter and rolling mill, both at Ras Al Khair. The refinery will have an annual production capacity of 1.8 million metric tonnes of smelter-grade alumina and is scheduled for...
The three companies in the Aluminum industry with the highest dividend yields are Alumina, Noranda and Kaiser Aluminium. Dividends can enhance returns for investors seeking income in addition to capital gains.Alumina Limited from Australia Alumina (NYSE:AWC) is highest with a dividend yield of 6.8%. Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent of Alcoa World Alumina and Chemicals through a joint venture with Alcoa. Alumina has traded 113,000 shares thus far today, vs. average volume of 418,000 shares per day. The stock has underperformed the Dow (-6.1% to the Dow's -1.3%) and underperformed the S&P 500 (-6.1% to the S&P's -1.3%) during today's trading. Noranda Aluminum (NYSE:NOR) is next with a dividend yield of 2.1%....
Orbite Aluminae Inc. CA:ORT -6.04% (the "Company") is proud to announce that it is developing a program to train prospective employees for its projected facilities, i.e. its high-purity alumina (HPA) production plant in Cap-Chat, scheduled for commissioning at the end of 2012, and its larger-scale smelter grade alumina (SGA) plant. The initiative is being undertaken in collaboration with the Gaspesie leaders of the regional county municipalities (MRCs) of Cote-de-Gaspe and Haute-Gaspesie and targets current and future Orbite employees. The training program planned in conjunction with the two MRCs is based on an existing education and training platform for employees working with chemical processes and applications much like the transformation process developed by Orbite. The program's...
