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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The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal the world's biggest aluminum producer but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company's rivals is negative. The Zaporozhye Alumina and Aluminium Complex goes back to the 1930s and even with a hydroelectric plant attached to it is extremely inefficient when it comes to power usage. Rusal used to crush bauxite into about 227,000 tonnes of alumina a year at the plant then further refine it into 113,000 tonnes of pure aluminum. However, demand for aluminum cratered in the 2008 recession taking prices all the way from USD 3,000 per tonne to barely USD 1,300. Given those fundamentals, Rusal shut the plant down and left it empty ever...
Employees at UC RUSAL's Friguia alumina refinery in Guinea have gone on strike, paralysing operations there, a union member and two other employees told Reuters, but the company said production losses would be "insignificant". Kabinet Barry, a spokesman for the worker's union, said their demands included a minimum wage of $400 per month and the payment of the employees' medical costs. Two RUSAL employees said the strike had shut down operations at the 630,000-tonnes-per-year plant, the only refinery in Guinea, the world's No. 1 exporter of bauxite. A RUSAL statement sent to Reuters confirmed the strike at Friguia but said it was "illegal". "The Company undertakes all necessary actions to end the strike as soon as possible," the RUSAL statement said. "It is expected that the possible...
Aluminae Inc. orbit., Developing Gaspé area aluminous clays for aluminum smelting alumina Into, Says It Will ask the Office review and decision to lift icts March 2 Cease-trade order. Said orbit year by the independent audit approuvé AMF HAS Confirmed That key shares of a company scoping study published in January 12 Showed no evidence of fraudulent or exaggerated claims about the content of the rare earths Gaspé clays. Purpose the analysis of the rare earths content About did LACK clarity, and fired, return not in accordance to industry best practices. The audit done by consultants WAS Roche Ltd.. and well-known rare earths expert Alex Knox. Orbit Said It Will file a revised scoping study, a NI43-101 report, as Requested by the BDR, by May 31 and Focus Solely on alumina ict development...
Reuters reported that China's spot alumina prices rose 2% in March due to expectations that domestic production will fall in the H2 of the year prompting aluminium smelters to look for imports. Traders and sources at smelters said that China is the world's top producer of aluminium and alumina. Alumina is used for the production of the metal and more than a third of the country's alumina production is made from imported bauxite, the ore.
Officials of Vedanta Aluminium Ltd will face a public hearing on 2 May in Orissa’s Kalahandi district to seek approval for expansion of the company’s alumina refinery, a company official said, reversing its earlier position to seek a waiver on the ground that such hearings have already been completed. “We have already wasted one month’s time waiting for the authorities to respond to our request of considering if another public hearing would be required,” Mukesh Kumar, president and chief operating officer of Vedanta Aluminium, said on Monday. “So we decided we will go through the public hearing.” In February, Vedanta Aluminium received terms of reference from the environment ministry, listing 70 points for undertaking an environmental impact assessment, including a public hearing. Mint...
The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal -- the world's biggest aluminum producer -- but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company's rivals is negative. The Zaporozhye Alumina and Aluminium Complex goes back to the 1930s and even with a hydroelectric plant attached to it is extremely inefficient when it comes to power usage. Rusal used to crush bauxite into about 227,000 tons of alumina a year at the plant, then further refine it into 113,000 tons of pure aluminum. However, demand for aluminum cratered in the 2008 recession, taking prices all the way from $3,000 a ton to barely $1,300. Given those fundamentals, Rusal shut the plant down and left it empty ever since...
Global Alumina Corporation CA:GLA.U +7.89% (the "Company" or "Global Alumina"), 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, 2011. The text of the annual audited 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. 2011 Financial Highlights As a result of continued delays in developing the Project, the Company undertook an impairment review to determine whether the carrying amount of Global Alumina's investment in Guinea Alumina exceeded its...
Ord River Resources (ASX: ORD) has delivered a resource increase for the bauxite and alumina project in Laos, with a Bankable Feasibility Study the next step in progressing the project. The new JORC Resource of 226 million tonnes at 26.7% alumina is an increase of 73.8% from the previous resource, including a Measured Resource of 69 million tonnes at 28.1%. Head of corporate development, Frank Zhu, told Proactive Investors today that the Measured Resource was particularly noteworthy. “This is a very important upgrade to us, the number itself is significant, the quality of it is also very significant,” Zhu “More importantly in terms of valuation is that we now have 69 million tonnes of Measured Resource, now Measured Resource is the last step before you actually have a Reserve. “What that...
Vietnam’s state coal and mineral group Vinacomin has admitted that it has not conducted a reassessment of economic benefits for the country’s first alumina plant, which is scheduled for a test run this June. The Tan Rai plant is designed to have an annual production capacity of 600,000 tons of alumina, a white powder made from bauxite ore that is used to produce aluminum. The Ministry of Industry and Trade late last year ordered Vinacomin to evaluate the project again after more construction work was added to it. Duong Van Hoa, deputy general director of Vinacomin, told Thanh Nien that economic benefits of the US$700-million project have not been reassessed, but they can be lower than expected if construction costs of new roads to the plant are included in the project. Vinacomin is...
Vietnam will operate the country’s first alumina plant on a trial basis this June, instead of April as initially planned, a senior plant official said. Tran Duong Le, deputy director of the Lam Dong bauxite-aluminum complex’s management, said the Tan Rai alumina plant in the Central Highlands province of Lam Dong will be officially put on a trial run in middle this year before moving into full production. In early December 2011, alumina production was delayed until the first quarter of 2012 from an earlier target for the end of 2011 after rains held up construction. The Tan Rai refinery is designed to have an annual production capacity of 600,000 tons of alumina, a white powder made from bauxite ore that is used to produce aluminum. The US$700-million project is invested in by the...
Despite the clouds of uncertainty to mine in scheduled areas, Anrak Aluminium Limited (AAL) appears to be getting ready to launch alumina refining by sourcing part of its bauxite ore requirement from Gujarat. It is also in talks with Glencore, world's largest commodity supplier and States like Jharkhand, Odisha, and Chhattisgarh to meet its raw material requirement to commence operations at the alumina refinery, which is in advance stage of construction at Rachapalle in Makavarapalem mandal, about 100 km from here. AAL signed a Memorandum of Understanding with AP Government in 2007 for setting up 1.5-million tonne capacity alumina refinery, 2.50 lakh tonne smelter and a 90 MW captive power plant with an investment of Rs.14,000 crore. The AP Industrial Infrastructure Corporation has...
Attorneys for Alcoa argued today that a lawsuit by a Bahraini company claiming that bribes secured lucrative contracts for aluminum should be thrown out of U.S. District Court because all of the alleged acts occurred overseas. Aluminum Bahrain BSC, called Alba, is pursuing a four-year-old lawsuit alleging that Alcoa, through middlemen, paid bribes to Alba's top officials so they would agree to pay inflated prices for alumina. Alcoa has countered that if any bribes were paid, they went to people in Bahrain, came from foreign businessmen not under Alcoa's control, and related to sales of alumina from Alcoa of Australia, which is a separate company. "It is quite markedly a story about foreign participants engaged in foreign events," said Evan R. Chesler, an attorney representing Alcoa,...
THE future of Alumina loss-making aluminium smelter in Victoria remains uncertain as the company continues to contemplate its closure. Alumina's joint-venture partner, Alcoa, last month announced that their AWAC business could close Point Henry, near Geelong, one of its two Australian aluminium smelters, in the face of continuing difficult conditions for the industry around the world. Alumina said in its annual report that its goal was for a profitable operation of the Geelong facility but that curtailment remained a possible outcome. AWAC's review of Point Henry is expected to be completed by about mid-year. Alumina said the smelter was unprofitable because of low prices for its products, higher costs for inputs, and the strength of the Australian dollar. Those factors prompted ratings...
Russian billionaire Oleg Deripaska is renewing his interest in Canadian business, striking a deal with a junior Quebec miner that could represent a small taste of a larger appetite by the soft-spoken industrialist for assets in the province. Mr. Deripaska’s United Co. Rusal, the world’s largest aluminum company and a major alumina producer with 10% of global output, confirmed Wednesday that it signed a memorandum of understanding with Montreal-based Orbite Aluminae Inc. to start a joint venture to develop Orbite’s Grande Vallée clay deposit and build a new alumina refinery in the Gaspé region. The agreement marks Mr. Deripaska’s first known tangible business deal in Canada since he was forced to surrender his 20% stake in Ontario auto supplier Magna International Inc. to creditor BNP...
Orbite Aluminae Inc. ("Orbite" or the "Company") CA:ORT -3.46% announced today having entered into a Memorandum of Understanding ("MOU") with the world's largest aluminium producer UC RUSAL ("RUSAL") HK:486 -0.18% FR:RUSAL -2.09% FR:RUAL 0.00% (mcx:RUALR) pursuant to which the parties are going to invest into a joint-venture (the "JV") to be established and that would realize the first smelter-grade alumina production facility ("SGA Plant") contemplated by Orbite. The MOU, ratified during Rusal's delegation visit in Quebec, outlines terms of financial, technological and know-how contribution of the parties into the SGA plant with the aim to establish a highly efficient industrial operation using the Orbite process. The JV will also conduct tests in respect of RUSAL's raw materials in the...
S&P has placed Alumina's BBB credit rating on a negative watch, after the average aluminium price dropped by almost 20 per cent in the first three months of 2012. "The credit watch placement reflects our concerns that current challenging trading conditions could weaken Alumina's financial metrics to levels below our expectation for the BBB rating," S&P credit analyst May Zhong said in a statement. "If currently soft aluminum and alumina prices, higher input costs, and the strength of the Australian dollar were to persist, it will pressure Alumina's key cash flow metrics in 2012." Alumina posted underlying earnings of $US128 million ($A123.64 million) in calendar 2011, up 55 per cent from 2010. Its shares were down 1.5 cents, or 1.2 per cent, at $1.195 at 1218 AEDT.
Anglo-Australian miner Rio Tinto said Wednesday that it entered into exclusive talks with U.S.-based private-investment firm H.I.G. Capital regarding its offer for Rio’s European specialty alumina business. The talks are in line with Rio’s strategy to restructure its aluminum business by selling non-core assets and pursuing cost savings. Rio Tinto didn’t disclose the terms of H.I.G.’s binding offer, but said it has enter a period of exclusivity in which it will respond to the H.I.G. offer following consultation with unions. “The potential sale is in line with our strategy of continuing to streamline our aluminium group through the divestment of non-core assets,” said Guy Elliott, chief financial officer of Rio Tinto. The specialty alumina business employs 730 people and is the largest...
Rio Tinto has received a binding offer from private equity group HIG for three French alumina plants that are part of an estimated $8 billion of aluminum assets put up for sale last year by the global miner to try to boost margins. Rio Tinto said on Wednesday it had agreed a period of exclusivity with HIG and would respond to the offer after consulting unions. Both Rio Tinto and Olivier Boyadjian, managing director of the private equity firm's French unit, declined to provide financial details. Rio Tinto is selling the three plants - located in Gardanne, La Bathie and Beyrede in southern France - as part of a worldwide plan to scale back its activities in aluminum. Rio Tinto, the world's third-largest diversified miner, signalled the retreat last October when it unveiled plans to sell 13...
