Nanshan Aluminium International Holdings has reported that overseas alumina prices averaged around USD 321 per tonne in the first nine months of 2026, down approximately 22 per cent year-on-year. The update highlights a third-quarter (Q3) price recovery following a subdued first half, supported by new overseas aluminium smelting capacity and supply constraints at some alumina refineries. The update centres around the unaudited nine-month results of Nanshan Aluminium International’s controlling shareholder, Shandong Nanshan Aluminium Co., Ltd., for the nine-month period ended September 30, 2026. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook "...
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....
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Reuters reported that China's production of refined copper primary aluminum and its precursor raw material alumina hit monthly records in June making a strong finish to the first half of 2011. The data from the National Bureau of Statistics showed that refined copper production rose 8.7% on the month to 477,000 tonnes in June after posting a 3.3% monthly fall to 439,000 tonnes in May. The June 2011 output was 12% rise from June 2010 and 1.5% higher than the previous record of 470,000 tonnes in March 2011. In the H1 of 2011 refined copper production rose 13.9% on the year to 2.644 million tonnes. Mr Fu Bin an analyst at Jinrui Futures said that "The June refined copper output was a surprise. Some producers should have increased operational rates to meet their first-half production targets....
Alcoa Australia has won the highest level of assistance for its alumina refineries under the proposed carbon tax. The company will qualify for free permits for up to 94.5 per cent of its CO2 emissions. Under the legislation to be enacted, that level of assistance will remain until at least 70 per cent of its international competitors adopt a comparable carbon price. Climate change chief for Alcoa, Tim McAuliffe, says the assistance is a win for the Australian industry and the global environment. "Our alumina refineries are world class, globally competitive facilities, so it's really important that they qualify for that level of assistance so they can maintain that position on the international cost curve," he said. "The alumina refineries in Western Australia are the most highly efficient...
ALUMINA Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from improved alumina and aluminium prices. The Melbourne-based group was commenting on its earnings outlook following the Monday release of second quarter results of aluminium producer Alcoa in the US. AWC's only operating interest is a 40 per cent share of the Alcoa-managed AWAC global alumina alliance. AWC did not release earnings figures and the Alcoa results are not a reliable guide to what Alumina will eventually report in its half-yearly financial reports. But the Alcoa result - second-quarter profit was up 138 per cent to $US326 million ($A304.9 million) - did highlight continued strength in alumina and aluminium prices....
Morgan Stanley is out with its report today on Alcoa (NYSE: AA), maintaining Overweight. In a note to clients, Morgan Stanley writes, "Alcoa's 2Q revenues beat our estimate; earnings were in-line on cost pressure. Downstream contributed ~45% of earnings and alumina pricing remained above historical trend, benefitting from improving spot exposure. This supports our thesis on AA, our preferred defensive play." Morgan Stanley maintains a $22 PT on AA. At the time of posting, shares of AA were trading pre-market at $15.85, down 0.38% from Monday's close.
Fitch Ratings has assigned primary aluminium manufacturer China Hongqiao Group Limited (Hongqiao) a Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BB' with Positive Outlook, and a senior unsecured rating of 'BB'. The agency has also assigned Hongqiao's proposed senior unsecured notes an expected 'BB(exp)' rating. The final rating of the proposed notes is contingent upon the receipt of documents conforming to information already received. Net proceeds from the issue will mainly be used to expand capacity at its aluminium production and captive power plant. "The ratings reflect Hongqiao's competitive cost advantage over other major Chinese aluminium producers, particularly in alumina and electricity cost, which together accounts for roughly 75% of its aluminium production cost,"...
Exploration Orbite (TSX VENTURE:ORT.A) was added to the Russell Global Index when Russell Investments reconstituted its comprehensive set of global equity indexes on June 24. The new membership lists are available at www.russell.com/indexes/tools-resources/reconstitution.asp. Membership in the Russell Global Index, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. "The addition of Orbite to the Russell Global Index is a distinct honor validating our growing global leadership role in the extraction of metallurgical-grade alumina, high-purity alumina and high-value...
Global Alumina Corp. (TSX: GLA.U) says a joint venture board of directors has approved an additional $4 million in funding to develop an alumina refinery, mine and infrastructure in Republic of Guinea. The miner will pay one-third or $1.3 million as part of its stake in the project. The joint venture board had earlier approved project funding of $760.8 million, of which $735.9 million has been funded. Global Alumina has approximately $33.6 million in cash. Global Alumina is in a joint venture through its wholly owned subsidiary, Global Alumina International, Ltd., with BHP Billiton, Dubai Aluminium Company Ltd and Mubadala Development Company. The companies plan to develop an alumina refinery in the bauxite-rich region of the Republic of Guinea.
Global Alumina Corporation (TSX: GLA.U) (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 that the joint venture board of directors approved additional Project funding of $4.0 million for the period July 1, 2011 through July 31, 2011. Global Alumina will be responsible for its one-third share of this amount. The joint venture board had previously approved cumulative Project funding from inception through June 2011 of $760.8 million of which $739.1 million was incurred or prepaid through May 2011 and $735.9 million has been funded to date. Global Alumina has approximately $33.6 million in cash, $26.1 million of...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier, according to the average estimate of 14 analysts surveyed by Bloomberg. The New York-based company, which is typically the first in the Dow Jones Industrial Average to report earnings, will report after the close of the market today. Aluminum prices averaged 24 percent higher on the London Metal Exchange in the quarter as usage soared in China, the biggest consumer. Alcoa Chief Executive Officer Klaus Kleinfeld is forecasting global demand will increase by 12 percent in 2011 and double by the end of...
Montreal-based Exploration Orbite has raised $57.5 million through a recently completed bought deal. Most of the net proceeds will be used to convert the company's Cap-Chat pilot plant into a commercial facility producing ultra-pure alumina. Orbite's major holding is its Grande Vallee property in the Gaspe region, 32 km northeast of Murdochville. The property has an identified aluminous clay deposit that grades 23% alumina. It will be mined by open pit methods. The clay is to be processed at Cap-Chat. The commercial plant will be a 7,000-t/d smelting grade facility using Orbite's patented technology. The company hopes to build a series of these plants that will cut alumina imports for the province's aluminum smelters.
SmarTrend identified a Downtrend for Alumina (NYSE:AWC - Snapshot Report) on May 03, 2011 at $9.65. In approximately 2 months, Alumina has returned 4.4% as of today's recent price of $9.23. In the past 52 weeks, shares of Alumina have traded between a low of $5.03 and a high of $11.46 and are now at $9.23, which is 83% above that low price. Alumina is currently below its 50-day moving average of $9.51 and should find support at its 200-day moving average of $9.19. Look for these moving averages to decline to confirm the company's downward momentum. In the last five trading sessions, the 50-day MA has fallen 1.22% while the 200-day MA has risen 0.53%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of...
In what appears to be technological break, Vedanta Aluminium Limited (VAL), the Indian arm of London based Vedanta Resources Ltd, is recovering import-substitute Vanadium from effluent red-mud from its alumina refinery project at Lajigarh minting gold from its mud-to-money (MTM) programme. The company has so far been successful in producing 17-18% grade Vanadium, a soft, silvery gray, ductile transition metal used for producing specialty steel alloys such as high speed tool steels. The market price of per ton of 100% grade Vanadium is pegged at around Rs five lakh, while VAL has been selling at Rs on lakh per ton Vanadium, according to VAL refinery project president and chief operating officer (COO), Dr Mukesh Kumar. Vandium is recovered as Vanadium Penta Oxide from Alumina Refinery...
Two decades after economic reforms and the junking of industrial licensing circa 1991, a remote corner of India , Lanjigarh, off Niyamgiri hills in southern Orissa, produces about as much alumina now as was the total national output then of the high-value commodity . The one-million tonnes-per-annum (TPA) alumina refinery of Vedanta Aluminium has been functional for some years now. And that is solid progress. Yet, the idea of industrialisation in the area seems riddled with controversy, for reasons not merely locational. Also, there remain a panoply of rigidities and distortions in the metals and minerals economy generally, which call for pressing reforms without further delay. The environment ministry did disallow forest-clearance okay for bauxite mining at Niyamgiri last year. It is a...
THE Queensland Government has confirmed it will call an international tender for the development of the Aurukun bauxite resources in western Cape York, effectively snubbing the giant Chinese Aluminium Company (Chalco). Treasurer and Minister for State Development and Trade Andrew Fraser last night confirmed reports in The Courier-Mail that Chalco would not be the preferred developer of the bauxite mine. Chalco had believed it was the frontrunner to develop the leases but during her recent visit to China, Premier Anna Bligh shocked the Chinese by revealing she would seek other bidders for the development of what will be a $1 billion mine. The Treasurer said the original tender in 2005 to 2006 was based on bidders committed to develop the bauxite resource as a bauxite mine as well as a new...
The Saudi Arabian Mining Co (Ma'aden) has received commitment letters to cover the required $1bn commercial bank financing for the development of Ma'aden Bauxite and Alumina Co's bauxite mine and alumina refinery, Saudi Gazette has reported. The period of the loans is 16 years and will be paid in 21 half yearly installments starting from June 30, 2017, Ma'aden said. The bauxite mine and alumina refinery development, with an approximate cost of $3.6bn, comprises the second phase of Ma'aden Alcoa joint venture aluminium project
The Queensland Government will conduct an international tender for the development rights of the Aurukun bauxite in Western Cape York., “The original tender process in 2005-06 was based on bidders committing to develop the bauxite resource as a bauxite mine as well as a new alumina refinery to process that bauxite in Queensland,” QLD minister for state development Andrew Fraser said. Fraser said some companies withdrew because they were unable to meet the development requirements of the new alumina refinery. While Chalco, the world’s second largest aluminium company won the original tender in 2007, after discussions between the miner and the QLD Government, the agreement ended on 30 June last year. He explained that “this was due to the Global Financial Crisis resulting in significant...
Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. The Queensland government terminated the discussions, the company said late Sunday, putting an end to what promised to be Chalco's first investment in Australia. Also known as Chalco, the top alumina and aluminium maker of China said it spent about 340 million yuan ($52.6 million) on the project, adding it would evaluate the amount recoverable and make corresponding provisions for impairment. Chalco axed a $2.5 billion agreement in June 2010 to develop a bauxite and alumina operation in Australia as cost estimates rose and commodities demand waned. But the company said it would continue to discuss...
THE LARGEST aluminium refinery in Europe, Rusal Aughinish on the Shannon estuary, returned to profit last year after sustaining combined pre-tax losses of $63.6 million (€43.7 million) in 2009 and 2008. A spokesman for the company confirmed yesterday that its 2010 accounts are expected to show a “modest level of profitability given the size of the site investment”, when they are finalised. According to spokesman, a 195-acre facility for disposing of bauxite residue from the plant will be completed and commissioned later this month. It will extend the life of the plant to at least 2026. The site will hold up to 18 million tonnes of the waste, known as “red mud”. The existing disposal facility, which holds 23 tonnes of waste, will be full next year. Rusal has been working on the project for...
