Guinea is looking to expand its partnership with Glencore beyond bauxite exports, with the two sides discussing potential investments in alumina refining, energy and other strategic projects as Conakry seeks to build more processing capacity at home. The discussions follow a more than USD 300 million bauxite pre-financing and offtake agreement signed last week between state-owned Nimba Mining and Glencore. Under the deal, the Swiss commodities group will market 10–12 million tonnes of bauxite annually for five years, giving it a significant position in one of the world's largest bauxite-producing countries. Guinea's Mines Minister Bouna Sylla said the agreement could provide a foundation for a broader partnership across the country's aluminium value chain. "Glencore has indicated strong...
Domestic alumina spot prices held steady with slight adjustments last week, and scattered transactions showed mixed pricing. On the supply side, recent domestic alumina operating capacity stayed at around 99.4 million tonnes per year. A new alumina project in Beihai, Guangxi, is expected to start feeding material for trial production late this month, with associated capacity of about 2 million tonnes per year, and specific progress will be tracked closely. Meanwhile, roughly half of the industry's capacity is now running at a full-cost loss, and some producers have even slipped into cash-flow losses. Costs show no signs of easing though, and with few bullish drivers in sight, sector loss pressures keep mounting. Prices held flat last week mainly because new capacity releases are still...
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Aug 27, 2009 ... ???Both alumina and aluminum producers have stepped up the pace of restarting idled plants since the second quarter.??? ...
Aug 26, 2009 ... Chinalco unit posts loss, looks abroad,China aluminium ... million dollars) due to weak demand and falling prices, it said in a statement. ...
Aug 25, 2009 ... But in the long term, the aluminium industry is still a sunrise industry. He added that demand for the metal would increase as urbanisation ...
Aug 26, 2009 ... The subsidiary of China's largest alumina (aluminum oxide) producer also denied media reports that parent Chinalco is in discussions with ...
Aug 28, 2009 ... TATA Steel project in Vietnam facing delays - Report ... testing and commissioning at Green Anode Plant of Aditya Alumina Project in Orissa. ...
Aug 27, 2009 ... Analysts said that China's top alumina and aluminium producer, also known as Chalco recorded gross losses in all segments in the H1 of the ...
Jun 10, 2009 ... BO) sold 3000 tonnes of primary aluminium ingots at a premium of $89 a tonne over the average LME cash price on a CIF basis, ...
Jul 29, 2009 ... Alcoa Inc. has been in the market as a buyer of primary aluminum over the past month, helping drive U.S. premiums to their highest level for ...
Aug 26, 2009 ... This year, the alumina price continued 2008's downward trend, hovering at low levels. By the end of June, the global production rate of ...
Aug 24, 2009 ... L) for cooperation in bauxite and alumina production, Chinalco's vice president, Lu Youqing, told Dow Jones Newswires Monday. ...
Aug 25, 2009 ... Aluminium Corp of China (Chinalco) is not in talks with Rio Tinto about joint activity in bauxite and alumina , but is open to the ...
Aug 25, 2009 ... Alumina ratings affirmed after Alcoa withdraws offer for Alcan · Rio Tinto may sell assets to cut debt after Alcan takeover ...
Aug 18, 2009 ... NEW DELHI, Aug 18 (Reuters) - India's National Aluminium Co has put on hold commissioning of the expanded alumina capacity due to local ...
Aug 24, 2009 ... Rio Tinto Group (RIO AU): Aluminum Corp. of China is ???willing??? to discuss with Rio a deal to cooperate in bauxite and alumina production, ...
Aug 24, 2009 ... Chalco was operating 67 percent of its alumina capacity and 83 ... It reduced alumina production by 32 percent from a year earlier to 3.2 ...
Aug 25, 2009 ... Australia- based Alumina Ltd. fell 2 percent. ???The housing and confidence reports cemented evidence that the U.S. economy is recovering,??? ...
Aug 25, 2009 ... DJ reported that Chinalco has hinted it is willing to open discussions with Rio Tinto for cooperation in bauxite and alumina production.
Aug 25, 2009 ... DJ reported that Chinalco has hinted it is willing to open discussions with Rio Tinto for cooperation in bauxite and alumina production.
