China's domestic spot alumina prices continued their gradual downward trend last week, with sporadic discounted transactions emerging in the market, based on Mysteel's survey. The pressure was partly contributed by the persistent expectation of fresh supply coming online in southern China, leaving...
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 ”....
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In the wake of a fuel depot blast in Guinea, a fear of bauxite supply shortage has stirred the Chinese upstream aluminium market, provoking smelters to buy alumina in anticipation of a production cut. As a result, the domestic alumina spot price in China has been on a rising spree since December...
On Friday, December 22, Odisha Chief Minister Naveen Patnaik virtually attended the groundbreaking ceremony of Hindalco Alumina Refinery and Apparel Unit to be set up by Utkal Alumina Social Welfare Foundation. The alumina refinery will come up at Kansariguda, and the apparel complex will be in...
The average alumina spot price has escalated by RMB 14 per tonne to close at RMB 3,026 per tonne. On December 15, the alumina spot price in China was 2,996 per tonne, which soared 1 per cent to reach what it is today. But if we look from October 25 to November 8, the aluminium price had stayed...
According to the Shanghai Metals Market survey, China's average alumina spot price has hiked by RMB 8 per tonne over the weekend to stand at RMB 3,012 per tonne. That marked a rise for the second consecutive day, driven by rising purchase for future use when smelters resume production. In Henan and...
On Friday, December 22, China's average alumina spot price increased by RMB 6 per tonne after remaining unchanged since December 19. As per the data, the alumina price as of today has clocked at RMB 3,004 per tonne, followed by a growth of RMB 10 per tonne in Shandong and Shanxi to close at RMB...
Norsk Hydro ASA, a Norwegian aluminium and renewable energy company, reports estimated impairment losses of NOK 5.9 billion for the fourth quarter of 2023 to be ended on December 31. Challenging alumina market condition coupled with Australian power price insecurity caused this loss to Hydro. “The...
China’s averaged alumina spot price has jumped up by RMB 1 per tonne to close at RMB 2,998 per tonne, while the alumina price in Shanxi has levitated by RMB 5 per tonne to officially stop at RMB 3,010 per tonne. On November 20, the alumina spot price was exactly the same. The bauxite...
Aughinish Alumina refinery, the largest refinery in Europe and the largest alumina facility operated by UC Rusal has reportedly reapplied for planning permission to expand its factory’s waste disposal area near the banks of the Shannon Estuary. Environmental group Futureproof Clare said it is...
The United States alumina imports in the first nine months of 2023, ending September 30, touched the 1 million tonnes level but marked a year-on-year downfall of 27 per cent from 1.37 million tonnes, according to the USGS data. The country’s alumina imports had been sluggish since the beginning of...
Based on data provided by Baichuan Yingfu, the average tax-inclusive total cost of China's alumina industry in November 2023 was RMB 2685.91 per tonne. This is a drop of RMB 38.61 per tonne compared to October 2023, a month-on-month decline of 1.42 per cent and a year-on-year decline of 3.80 per...
As per IAI, America’s alumina production has registered a Year-on-Year growth of 3.52 per cent from 10.352 million tonnes in the first three quarters of 2022 to 10.717 million tonnes in the first three quarters of 2023. Therefore, America has contributed around 10 per cent to the Q1+Q2+Q3 world...
According to the Shanghai Metals Market survey, China's metallurgical-grade alumina production in November 2023 recorded a further M-o-M decline to stand at 6.745 million tonnes. The output decreased by 1.44 per cent over a month from 6.842 million tonnes. But the daily average output stood 1.86...
Vedanta Lanjigarh, India's leading producer of metallurgical grade alumina, has received 5 Gold medals at the 48th International Convention on Quality Control Circles (ICQCC-2023) in Beijing, hosted by the China Association of Quality (CAQ). These highly competitive accolades demonstrate Vedanta...
Aluminium value chain is a complete and thriving industry in Europe, with over 600 plants across 30 European countries. Presently, 9 million tonnes is Europe’s annual demand for primary aluminium, and by 2050, the demand is expected to grow till 18 million tonnes. However, production has seen a dip...
National Aluminum Company Ltd. (Nalco)'s Alumina Refinery at Damanjodi has been honoured with the CII-EXIM Bank Business Excellence Award 2023, the most prestigious recognition for outstanding business practices. The announcement was made at the CII Quality Summit 2023 in Bengaluru. The refinery's...
According to the latest update, Norsk Hydro has completed the transaction of US$1.11 billion with Glencore for the sale of 30 per cent interest in Alunorte alumina refinery and 5 per cent interest in Brazilian bauxite producer and exporter Mineracão Rio do Norte (MRN). The transaction also includes...
According to the International Aluminium Institute data, alumina production in Africa & Asia (ex-China) during October 2023 stood at 1.17 million tonnes, reflecting a rise of 2.63 per cent month-on-month. The output rebounded in the said month to return to the production volume in August. In...
According to the International Aluminium Institute survey, world alumina production in October 2023 stood at 12.25 million tonnes, reflecting a month-on-month rise of 2.17 per cent. The output recovered in October but could not reach the production volume of August. In August 2023, world alumina...
