Russian aluminium producer Rusal is working on plans to build a bauxite and alumina complex in Indonesia as it looks to strengthen its raw material supply for aluminium production. The company mentioned that the Indonesian project is part of its “ diversification strategy in the Pacific region ”....
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
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The past week has been all about the dynamic shift driven by rising domestic prices, US tariff policies, and fluctuating supply-demand dynamics in the global aluminium market. According to various news platforms, Chinese aluminium spot prices have hiked to RMB 20,524 per tonne (USD 2,862 per tonne)...
Futures market: During the night session, the most-traded alumina 2505 contract opened at RMb 3,429 per tonne, reached a high of RMB 3,429 per tonne, a low of RMB 3,383 per tonne, and closed at RMB 3,401 per tonne, down 0.82 per cent. Open interest stood at 167,000 lots, an increase of 4,173 lots....
Futures market: Last Friday's night session saw the most-traded alumina 2505 contract open at RMB 3,346 per tonne, reaching a high of RMB 3,414 per tonne and a low of RMB 3,335 per tonne, before closing at RMB 3,368 per tonne, up 0.66 per cent. Open interest stood at 166,000 lots, down 4,000 lots....
Starting from mid-December 2024, domestic and international spot alumina prices began to decline successively. Overseas, the transaction frequency of spot alumina has been moderate in the past two months, with a total of 21 transactions recorded since December 10. Transaction prices have shown a...
From December 11 to 16, 2024, the SMM alumina index price reached a nearly two-year high at RMB 5,769 per tonne. Subsequently, spot alumina transaction prices began to decline. As of February 14, 2025, the SMM alumina index price had dropped to RMB 3,356 per tonne, a cumulative decrease of RMB...
As on February 13, the SMM regional weighted index was RMB 3,391 per tonne, down RMB 411 per tonne W-o-W. Among them, Shan Dong reported RMB 3,250-3,350 per tonne, down RMB 425 per tonne W-o-W; Henan reported RMB 3,350-3,450 per tonne, down RMB 375 per tonne W-o-W; Shanxi reported RMB 3,250-3,450...
ABX Group has declared the termination of its prior 2017 agreement with Core Refining, stating that the company is no longer in requirement of intellectual property (IP) for its ALCORE Project located in Tasmania. The Core Refining IP was initially licenced to ABX for the refinement purpose of...
Glencore comes to headlines for its ‘blow for blow’ move! After losing its aluminium segment trader to Vitol, it reportedly replenishes its alumina trading segment with a new joinee from Guvnor. The latter entity’s alumina trader, Zach Mayer, is reportedly leaving his position to join Glencore Plc...
Jamaica’s alumina export value increased by 25.9 per cent, totalling US$447.3 million during the first nine months of 2024. This growth has contributed to a 17 per cent rise in Jamaica’s overall export revenue from the mining and quarrying sector to US$500.7 million. In the first quarter of 2024,...
Futures Market: Before the holiday, the most-traded alumina 2505 futures contract opened at RMB 3,586 per tonne, reached a high of RMB 3,628 per tonne, a low of RMB 3,570 per tonne, and closed at RMB 3,606 per tonne, up RMB 20 per tonne or 0.56 per cent. Open interest was 95,800 lots, down 2,105...
Africa & Asia (ex-China) ranks as the world's third-largest alumina-producing region after China, Oceania, and South America, accounting for nearly 10 per cent of the world's output annually . In 2024, the region's share of global alumina production increased slightly to exactly 10%, up from 9.65%...
Though it is only the conclusion of quarter two for Impact Minerals in December 2024, the company’s entire calendar year 2024 performance data have poured in with its December quarterly report publication. Throughout the year, Impact Minerals has taken quite a few steps ahead across various...
Technip Energies, a global leader in industrial innovation, has announced its support for the groundbreaking IB2 technology developed by the French tech company IB2. This innovative process has the potential to revolutionise alumina refining by making it more efficient and environmentally friendly,...
The world alumina production saw a significant hike in 2024, withstanding the bauxite supply shortage compared to the growth in demand. China, the world’s largest alumina producer, saw a continued bauxite supply gap in 2024 yet exceeded expected production. That could be possible due to the...
Mining conglomerate Vedanta's dream project of 6 million tonnes per annum of alumina refinery and 30 lakh tonnes of aluminium smelter is coming to life, for which the budget is INR 1 lakh crore (US$11.55 billion). As per the report, the project's first phase is expected to be commissioned in the...
Alcoa is set to invest US$163 million (AU$260 million) in a now-mandatory water management system at its caustic red mud storage site in Kwinana, as savings from the shutdown of its 60-year-old alumina refinery have been slower than anticipated. The closure, announced in January 2024, was initially...
On the January 24 morning commentary of SMM, Futures Market, during the night session, saw the most-traded alumina 2502 contract opening at RMB 3,668 per tonne, hitting a high of RMB 3,689 per tonne and a low of RMB 3,641 per tonne, and finally closing at RMB 3,660 per tonne, down RMB 58 per tonne...
During the night session, the most-traded alumina 2502 futures contract opened at RMB 3,800 per tonne, with a high of RMB 3,806 per tonne and a low of RMB 3,772 per tonne, closing at RMB 3,784 per tonne, down RMB 17 per tonne or 0.43 per cent. Open interest stood at 48,700 lots. As for spot alumina...
