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...
Grow with
AL Circle
Jul 10, 2009 ... BHUBANESWAR, India, July 10 (Reuters) - India's state-run National Aluminium Co Ltd (Nalco) has sold 30000 tonnes of alumina at $241.3 a ...
Jul 15, 2009 ... caustic soda producers report caustic soda demand continues to decline in major industrial sectors such as alumina and pulp-and-paper, ...
Jul 23, 2009 ... Reuters reported that China's CPI Mengdong Energy Group has agreed to import 2.5 million tonnes of alumina from international trading house ...
Jul 28, 2009 ... A research note from investment bank ICEA stated that it expected the alumina and aluminum producer to return to a profit in the third ...
Jul 28, 2009 ... Interfax-China reported that the Aluminum Corporation of China Co Ltd a subsidiary of the country's largest aluminum and alumina producer ...
Jul 28, 2009 ... Venezuelan bauxite and alumina producer CVG Bauxilum has announced an ???immediate recovery plan??? totalling 236.5 million bolivares ($110 ...
Jul 28, 2009 ... ''The alumina and aluminium industry accepts that Government intervention is justified in response to climate change,'' the council said. ...
Jul 28, 2009 ... In response to the downturn in demand, Century has curtailed about 28% of primary aluminum capacity and its Gramercy alumina refinery in the ...
Jul 28, 2009 ... Glencore International is in talks to buy around 400000 tpy of alumina from Venezuela's state-owned producer CVG Bauxilum over the next few ...
Jul 29, 2009 ... Alumina ratings affirmed after Alcoa withdraws offer for Alcan · Rio Tinto may sell assets to cut debt after Alcan takeover ...
Jul 27, 2009 ... US aluminum producer Ormet Corp. said Glencore International AG, the world's biggest commodities trader, must pay damages after a dispute ...
Jul 28, 2009 ... China's alumina prices rose strongly over the week on increased demand after a " dramatic" gain in primary aluminium prices. ...
Jul 28, 2009 ... About Alcoa Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, ...
Jul 28, 2009 ... Brown fused Alumina Refractory,This is the largest aluminium website--China Aluminium Network provides abundant information for aluminium ...
Jul 28, 2009 ... Directly linked to the primary aluminium market, it is not surprising that bauxite and alumina have followed its slump and subsequent ...
Jul 28, 2009 ... 3 mining company, lost 1.7 percent, while Alumina Ltd. dropped 2.9 percent in ... Alumina , partner in a venture that is the world's biggest ...
Jul 28, 2009 ... The notice comes on the heels of an arbitration ruling over a alumina shipment dispute with Swiss trader and producer Glencore. ...
Jul 28, 2009 ... "The tolling agreement with Glencore formally ends once the alumina , already received from Glencore, is processed into aluminum and paid for ...
