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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Anil Agarwal-controlled Vedanta Resources is likely to hire Sushil Kumar Roongta, former chairman of Steel Authority of India , as head of aluminium business , sources with knowledge of the development said. Roongta is expected to oversee aluminium operations at Balco, Malco, and Vedanta Aluminium from June. Roongta's appointment is viewed by industry experts as part of the group's strategy to get closer to government quarters following the problems it faced since the Cairn deal announcement. A Vedanta source said, "It is clear that we have to be close to the government and that's what we are working on." Agarwal has given mandate to Roongta, who has spent about 37 years in metals space and worked closely with government machinery, to smoothen processes pertaining to seeking government...
Riding on higher realisation from metal sales, the net profit of National Aluminum Company (Nalco) has gone up 31 per cent during 2010-11 to Rs 1,069.3 crore, up from Rs 814.22 crore in the previous year. In 2010-11, the average realisation from alumina sales was $350 per tonnes against $264 last year. Similarly, the average price of aluminium in the international market jumped to $2,335 per tonnes in the last financial year compared to $1,946 per tonnes a year ago. Aluminum prices soared globally last year due to limited availability on the London Metal Exchange, higher demand and closure of some smelter plants in China after a stiff power rate rise. Power cost makes more than 35 per cent of aluminum production. Higher metal prices pushed the net sales of the Navartana public sector unit...
China Minsheng Banking Corporation has stated in a letter of proposal to Sino Australian Resources, it is the bank’s intention to provide the necessary project financing SARCO requires. SARCO has proposed building USD 600 million, 600,000 tonne per annum capacity alumina refinery in Laos. The large size of the refinery should rank SARCO immediately behind Alumina in size. SARCO plans to close the gap by moving into production, expanding refinery capacity and acquiring new projects. CMBC said that highlighting the level of support CMBC is putting behind SARCO. We believe the project in Laos presents a significant opportunity for SARCO and the Chinese alumina market. CMBC considers that 70% lending ratio can be applied to the project. CMBC is one of the largest privately owned and listed...
Hindalco Industries , the country's largest aluminium producer , registered a 37% fall in consolidated full-year net profit because of derivative losses and higher capital spending and debt costs. Group net profit for the year ended March fell to Rs 2,456 crore while revenues, including that of subsidiary Novelis Inc , rose 19% to Rs 72,078 crore on strong volumes, an improved product mix and firm aluminium and copper prices. "We are working on a strategy that aims to create a complementary business model. As we grow our upstream business by raising primary metal capacity, we would be exposed to volatility in LME prices. However, growth in our value added products business will create a natural hedge against any market volatility," Hindalco managing director D Bhattacharya said. Hindalco...
China's Ministry of Environmental Protection has ordered East Hope Group's alumina refinery in Henan province to shut down production facilities that had not been approved. The ministry said East Hope (Sanmenxia) Aluminium, the alumina arm of the large aluminium and agricultural products group in China, had been given approval to build annual capacity of 700,000 tonnes in two phases in Sanmenxia city in the central province. But the refinery had built extra 400,000 tonnes of capacity without an additional approval, according to a statement posted on the ministry website on Thursday. The refinery also had added another two phases in the construction of alumina capacity and four power generators that all had not been approved by the ministry, the statement said. The ministry ruled that East...
Ord River Resources (ASX: ORD) has achieved a major milestone for the production development of the company. China Minsheng Banking Corporation (CMBC) has stated in a letter of proposal to Sino Australian Resources (SARCO), “It is the bank’s intention to provide the necessary project financing SARCO requires." SARCO has proposed building a US$600 million, 600,000 tonne per annum capacity alumina refinery in Laos. The large size of the refinery should rank SARCO immediately behind Alumina (ASX: AWC) in size. SARCO plans to close the gap by moving into production, expanding refinery capacity and acquiring new projects.
CRU's World Aluminium Conference provides a complete assessment of the aluminium supply chain, with unrivalled global analysis and networking. There is a great deal of positive sentiment in the aluminium industry at the moment. Demand performance in 2010 and growth projections for 2011 and 2012 are all higher than previous estimates. Favourable power contracts and high LME prices are underpinning confidence and there have been fewer smelter closures and more smelter re-starts than previously expected. Nonetheless, in spite of the positive outlook there are a number of challenges and uncertainties. The disconnect between inventory and price, the implications posed by developments in the Middle East, and macroeconomic policy in Europe and North America are all high on the agenda. CRU's...
China’s stocks fell for a fourth day on concern government measures to cool inflation are slowing the world’s second-biggest economy. PetroChina Co., the nation’s biggest oil company, lost 1.9 percent after Goldman Sachs Group Inc. cut China’s economic growth estimates. Industrial and Commercial Bank of China Ltd. led declines for lenders after the Securities Times cited investors as saying the central bank may further boost banks’ reserve requirement ratios. China Gezhouba Group Co., which has hydroelectric power projects, rose 2.4 percent as Xinhua News Agency reported China will boost water conservation efforts. “Investors are concerned about the pace of economic growth after so many measures to cool the economy and the debt crisis in Europe,” said Sun Chao, an analyst at Citic...
Last Wednesday, India Real Time wrote that villagers in Lanjigarh in the eastern state of Orissa were complaining that toxic waste was leaking from a pond belonging to Vedanta Aluminium Ltd.’s local alumina refinery into a nearby river. The company, a unit of London-listed Vedanta Resources PLC, wasn’t immediately available for comment at that time. However, the company responded over the weekend saying there was no leakage of the waste, known as red mud for its color, as villagers were reporting. Here is the company’s account of the May 16 event: “On the 16th May, a heavy thunderstorm struck Lanjigarh, Orissa. Red Mud waste from the refinery is stored in a Red Mud Pond which is an earthen pond with sloping dyke walls with a base of 40 M wide and height of about 30M. Work to increase the...
Stockholm – Atlas Copco has received two orders totaling $50m, related to the Ma’aden aluminum project in Saudi Arabia. Atlas Copco will supply 20 turbo compressors for a power generation application in a new plant outside of Jubail. The customer is a consortium of the Al-Arrab contracting company and Sepco III Electric Construction Corp. of China. The combined 2,400MW power and desalination plant will provide power, steam and water for the aluminum smelter being constructed by the Ma’aden Saudi Arabian Mining Co. Earlier this year Atlas Copco won a turnkey contract to supply the complete compressed air system for the Ma’aden aluminum smelter and will deliver five of its largest oil-free air compressors as well as two smaller compressors and dryers.
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 $7.8 million for the period June 1, 2011 through June 30, 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 May 2011 of $753.3 million of which $734.3 million was incurred or prepaid through April 2011 and $729.9 million has been funded to date. Global Alumina has approximately $36.0 million in cash, $28.1 million of...
The Ukrainian government says the world's largest aluminum producer hasn't fulfilled its investment obligations. A Ukrainian court claims to have renationalized a Zaporizhya-based aluminium smelter owned by Russia’s Rusal, the world’s largest aluminium producer, allegedly for failing to fulfill investment obligations. Ukrainian prosecutors said on May 18 that Kyiv’s Appellate Business Court had one day earlier nationalized a 68 percent stake in the factory. But Rusal, owned one of Russia’s most influential oligarchs, Oleg Deripaska, shot back in a statement insisting that it still remained in control of the factory, valued by analyst at “hundreds of millions of dollars.” Rusal pledged to challenge nationalization as high as Ukraine’s Supreme Commercial Court. According to the London-based...
Ormet Corp. will invest $21 million and create more than 240 new direct jobs by reopening an Ascension Parish alumina plant that it idled in December 2006. Jobs at the plant will average about $57,000 in annual wages. Ormet plans to begin producing alumina in the fourth quarter of this year, with full employment expected to be reached within a year. Ohio-based Ormet closed the Louisiana plant after falling demand, high natural gas prices and other market forces made production unsustainable.
Ormet Corporation, a top U.S. producer of aluminum, today announced that it had secured the financing to restart its Burnside, Louisiana alumina refinery. Ormet will spend approximately $50 million to bring Burnside back into operation and create approximately 250 new jobs. The production of alumina at Burnside is a key part of bringing Ormet’s cost to make aluminum down to remain competitive with the rest of the world. About half of Ormet’s investment will be in capital and maintenance projects. Ormet plans to produce alumina early in the fourth quarter of this year and will have a capacity of 540,000 metric tonnes annually of alumina. The Burnside refinery had been idled in 2006 when alumina prices tumbled and natural gas prices rose rapidly. The State of Louisiana has been very...
TALKS over the future of a massive Territory mine are going down to the wire. Rio Tinto's lease over the bauxite and alumina operation on the Gove Peninsula expires on May 29. But the Northern Land Council and Alcan have yet to reach an agreement. Both parties have agreed not to talk to the NT News during the negotiations.
Alcoa has beaten its carbon reduction goal a decade early, according to the company’s 2010 sustainability report. Last year the company cut its greenhouse gas emissions to 22 percent below 2005 levels, exceeding a 2020 goal of a 20 percent reduction. Alcoa lowered its 2010 carbon intensity to seven percent below 2009 levels. The report said the reductions are the result of energy efficiency improvements, repositioning of operations to take advantage of hydroelectric power, and other changes.
Alcoa yesterday announced it has exceed its 2020 carbon footprint goal, the findings of which were released in its 2010 Sustainability Report. The report examines the company’s progress on the sustainability of its products, resources and operations. According to the report, Alcoa was also the first company to receive silver-level Cradle to Cradle Certification for primary aluminum.
Hindalco Industries touched an intraday high of Rs 203.75 and an intraday low of Rs 201. At 09:26 hrs the share was quoting at Rs 202.20, down Rs 2.65, or 1.29%. The company has received the final forest clearance for its proposed 1.5 million tonne Rs 6,000 crore alumina refinery project in Orissa?s Rayagada district, reports Business Standard. It was trading with volumes of 42,012 shares. In the previous trading session, the share closed up 0.86% or Rs 1.75 at Rs 204.85
