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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Alumina Limited (NYSE: AWC) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Tuesday. Alumina Limited traded down 6.68% on Tuesday, hitting $3.49. Alumina Limited has a 1-year low of $3.48 and a 1-year high of $9.92. The company has a market cap of $2.129 billion and a price-to-earnings ratio of 17.98. 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).
Alcoa, the largest aluminum producer in the United States, has yet again decided to postpone expansion of an alumina refinery in Australia as aluminum prices continue to remain under pressure. The move followed its earlier announcement to curtail capacity at some of its smelters and refinery in the wake of falling aluminum prices and rising costs. Alcoa is a fully integrated producer of aluminum; it mines bauxite, refines it into alumina, makes primary aluminum and also produces midstream products such as flat-rolled sheets and downstream engineered products. In 2008, the company had postponed plans to expand the Wagerup refinery in Australia. However, the company has secured another five-year extension of the permit, which expired last October. The refinery currently has a production...
Hungarian authorities are not keen on taking any risk after the red-mud disaster in 2010 caused by the MAL Hungarian Aluminium Producing and Trading Company. On Monday, they threatened to take the owners of the alumina plant responsible for a red-mud disaster in 2010 to court if they did not deal with a new toxic red dust scare. "(Plant operator) MAL has to act within five days of the decision issued by the authority," Zoltan Kaldi, an official from the mining authority of Veszprem in western Hungary, told national news agency MTI. The dust from the plant in nearby Ajka, which belongs to the MAL Hungarian Aluminium Producing and Trading Company, could "seriously damage the living standards of local residents," he added. Measurements in the area last week showed a large concentration of...
Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in the eastern state of Orissa by January 2013, a senior company executive said on Saturday. It also expects to start mining bauxite in the state from October this year, said Suryakant Mishra, chief executive of Utkal Alumina International Ltd (UAIL) a wholly-owned unit of Hindalco. "We are planning to commission the refinery by December end or mid-January. Mining will start by October," he said. Mishra said the company initially aims to mine 4.3 to 4.4 mtpa annum of bauxite to supply the refinery, though it has permission to mine 8.5 million tonnes. Hindalco, part of the Aditya Birla Group, is trebling aluminium production capacity in India to 1.9 million tonnes by 2013...
One of the largest engineering, procurement and construction (EPC) companies in the world, Bechtel, has recognized global joint integrity specialist and engineering services company Hydratight as a key supplier. Hydratight was honoured recently among 47 vendors for its performance during the 2011 year, as a result of nomination by Bechtel’s project management teams in the field. Bechtel annually works with an estimated 13,000 vendors on its projects globally, which puts Hydratight in the top one percent of suppliers to the global EPC giant, which has annual revenues exceeding $US32 billion. Bechtel is building Gladstone’s three LNG plants, and has undertaken major projects such as expansions at PWCS and Rio Tinto’s Comalco Alumina Refinery. Hydratight, headquartered in the US, employs...
Global Alumina Corporation, a organization 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 today its financial and operating results for the three month period ended March 31, 2012. The text of the quarterly unaudited financial statements and management's discussion and analysis can be viewed or printed from the Company's SEDAR reference page at www.sedar.com. All dollar amounts are in U.S. dollars. First Quarter 2012 Financial Highlights In the first three months of 2012 the joint venture partners contributed capital of $21.0 million towards the approved Project budget with the Company contributing its $7.0 million one-third share. At March 31, 2012, Guinea...
Nickel, alumina and gold producers face a $90 million hit following the State Government's move to revamp WA's royalty regime in yesterday's Budget. As base metals prices tank, the Government flagged a series of changes designed to lift royalty revenues back to their intended levels. Treasurer Christian Porter painted the changes as minor but the impact looks set to fall disproportionately on alumina, nickel and gold. The Government says the changes - which will exempt the emerging magnetite iron ore industry - will result in an increase of at most 0.5 percentage points on current royalty rates across various commodities and raise an estimated $180 million in 2015-16, after the measures are first discussed with industry. Budget estimates of royalty income, which also take into account...
UC RUSAL's Friguia alumina refinery in Guinea has not been in production since April 3, despite the suspension of a strike at the plant late last month, union and company officials said on Friday. Operations at Friguia have been repeatedly disrupted in recent months due to disputes between unions and RUSAL, the world's largest producer of aluminium, over pay and benefits. "There has not been any production since April 3," said Kabinet Barry, a union official at Friguia, which produces about 630,000 tonnes of alumina a year in normal circumstances. Two other sources, both local RUSAL employees at Friguia, confirmed that the plant was not producing alumina. A RUSAL representative said the situation had not changed from April 27, when the company said that the suspension of "an illegal...
Recently, Shandong Qixing Group and Shandong Lubei Chemical Co., Ltd reached an agreement, the agreement says Qixing Group will acquire 1000 tons of alumina capacity of its branch. Shandong Wudi Qixing High-tech Aluminum Company which is the subsidiary of Qixing Group has already had 500 thousand tons of alumina capacity under construction. The total planned annual production was 3000 thousand tons of alumina, imported bauxite was the main raw material. Qixing Group is a key and large private enterprise with diversified operation scope that specialize in the deep processing of aluminum industry and cogeneration-oriented, Zouping Aluminum Industry Co. Ltd and Zouping Qixing Industrial Aluminum Products Co.Ltd were its subsidiaries.
Mongolia, the commodity-rich nation that posted the world’s fastest economic growth in 2011, is on course to pass a law by June that will bar foreign state-owned companies from controlling its key assets. The draft law, submitted to parliament two years ago, was accelerated after a public outcry following state-run Aluminum Corp. of China Ltd.’s move last month to take control of SouthGobi Resources Ltd. (SGQ), Vice Finance Minister Ganhuyag Chuluun Hutagt said in an interview. The law isn’t likely to apply to any existing operations, he said. Rio Tinto Group is developing the $6 billion Oyu Tolgoi copper mine in the nation. Tightening the legislation would mean Mongolia joins Indonesia and Argentina in seeking to control ownership of resource assets to secure their economic future. The...
THE Government expects to lose billions of dollars this year due to Clarendon Alumina Production's (CAP) unstaunched bleeding. CAP will lose US$91 million ($7.9 billion) for the current financial year, according to spending estimates given by the Finance and Planning Minister Peter Phillips, last week. The company's losses will be the result of high debt, totalling US$360 million as at the end of March, and a shortfall in working capital, money available to cover expenses, of US$146 million. Clarendon Alumina owns a 45 per cent stake in the Jamalco refinery which is majority owned by Alcoa. Under the agreement between the two owners, CAP is responsible for monthly cash contributions, reflecting that share of ownership. Alcoa, the largest bauxite miner and alumina refiner, owns the...
CONSTRUCTION on the $3.4 billion BHP Billiton Worsley Alumina expansion project is now 98 per cent complete. “Contractors are now putting the final touches on the project’s construction phase, which will reach practical completion at the end of May,” a company spokesman said on Tuesday. “June onwards will see a small number of capital contractors assisting with the handover and commissioning phase. “The Mornington Village accommodation camp will close on May 25.” The expansion project, which began in 2008, involved developing a new mining area near Boddington, adding new equipment and technology at the refinery and improving rail handling facilities. “Some of the major work undertaken at the refinery was the installation of 20 additional precipitation tanks, a sixth calciner, a fifth deep...
According to the data from Antaike that the alumina output will break through 43,000 thousand tons this year and it will need about 6,000 thousand tons of caustic soda. At the end of 2012 China alumina capacity will reaches 59,020 thousand tons increased 14.8% compared with 2011, newly added capacity will finished in the second half year or the end of the year 2012, but part of alumina capacity was likely to put off implementation scheduling. There are around 7,600 thousand tons of alumina capacity will increased in 2012, 4700, 1000, 600, 400, 400, 300 and 200 thousand tons for Shanxi, Guangxi, Guizhou, Henan, Inner Mongolia, Chongqing and Shandong respectively. With the rapid development of alumina industry the demand of caustic soda increased as well. After enter into 21 century most of...
Orbite Aluminae Inc (the "Company") is pleased to announce two new appointments to its Board of Directors, adding Michael Hanley and Jean-Sebastien David as independent Board members. These appointments take effect immediately. "These additions strengthen the Board's governance and enable continued adherence to Best Practices. Mr. Hanley and Mr. David will add to the already significant background, network, and experience of the Board, thus facilitating Orbite's development," stated Lionel Leveille, Chairman of the Board of Directors of Orbite Aluminae. "We are delighted to welcome Mr. Hanley and Mr. David to Orbite, as both individuals bring with them leading-edge expertise and impressive track records," declared Richard Boudreault, President and CEO of Orbite Aluminae. "The arrival of...
Ukraine exported 405,910 metric tons of alumina in January-March, 8.2% more than in January-March 2011, the government reported Monday. The exported alumina was worth $154.83 million. Alumina exports in March totaled 134,350 tons, 0.4% more than in February this year and 5.8% more than in March 2011. The alumina exported in March was worth $51.11 million, 0.06% more than in February this year. Most alumina was exported to Russia. In 2011 Ukraine exported 1.554 million tons of alumina, 7.9% more than in 2010. Alumina in Ukraine is produced by the Mykolaev Alumina Plant and the Zaporozhye Aluminum Combine, both belonging to UC Rusal (0486.HK).
Alumina is going through a continuous losing streak. Alumina is traded at a new 52-week low today of $3.75. This new low was reached on above average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 361,000 shares. In the past 52 weeks, shares of Alumina have traded between the current low of $3.75 and a high of $10.29 and are now at $3.77. Over the last five market days, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has declined 3%. Alumina has overhead space with shares priced $3.77, or 58.1% below the average consensus analyst price target of $9.00. The stock should find initial resistance at its 50-day moving average (MA) of $4.89 and further resistance at its 200-day MA of $5.73. Alumina Limited is an...
Mr Dinsha J Patel minister of mines (Independent Charge) of India informed that major projects proposed to be undertaken in the 12th Five Year Plan by NALCO are 1. Alumina refinery in Andhra Pradesh 2. Aluminium smelter and power plant at Sundargarh, Odisha 3. Alumina refinery in Gujarat 4. Wind power plant in Andhra Pradesh 5. Nuclear power plant in joint venture with Nuclear Power Corporation of India Limited (NPCIL) in Gujarat and 6. 5th stream of alumina refinery in Koraput in Odisha. The proposed projects raise high expectation towards aluminium smelting in India
U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources PLC (ENRC.LN) said Thursday that production across its key commodities was restored to full capacity in the first quarter, and reported a significant jump in copper production. The miner said total saleable copper production for the three months to March 31 grew 36.8% to 8.988 million metric tons, primarily as a result of additional ore output from ENRC's Kabolela South and Kakanda North pre-stripping program as well as higher copper grades at its Kabolela North facility. ENRC said its ferroalloys and iron divisions operated at close to full capacity in the first quarter, although production in both divisions fell slightly compared to the year-earlier period. "We have maintained production at full available capacity across...
