China-based China Aluminum International Engineering Co., Ltd. (CHALIECO) has won a bid for an engineering, procurement and construction (EPC) contract valued at approximately USD 833 million for a proposed alumina project in Vietnam, adding to investment activity in the country’s mineral processing sector. The project, being developed by Binh Phuoc Ore Mining and Beneficiation Joint Stock Company, is designed to process 2.4 million tonnes of alumina annually. The proposed contract is valued at around CNY 5.595 billion (USD 839.04 million), with completion expected within 27 months of the contract’s effective date. CHALIECO to oversee turnkey refinery development Under the proposed turnkey arrangement, CHALIECO’s responsibilities will cover the full project delivery process, from...
Chevron Australia has entered a new natural gas supply agreement with South32’s Worsley Alumina business, reinforcing the importance of reliable energy supplies to Australia’s alumina refining industry. The deal will support operations at the Western Australian facility, where energy availability remains central to mineral processing and industrial activity. Under the contract, Chevron will supply natural gas to South32 Worsley Alumina Pty Ltd from 1 January 2028. The arrangement continues a longstanding commercial relationship between the companies, with the fuel allocated to the alumina producer’s processing requirements. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade...
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On 12 th March’20, Vedanta Ltd made public that Lanjigarh Alumina refinery is expecting to upswing its production to 1.8 million tonnes in 2019-20. This is followed after significant development in operating efficiencies. The Lanjigarh refinery in Odisha stood with 1.5 million tonnes of production in the previous financial year. <iframe width="500" height="300" src="https://www.youtube.com/embed/bRWfjKBvAx4" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The company said in a statement: "The Lanjigarh alumina refinery is set for a record performance in 2019-20 with total production expected to increase to 1.8 million tonnes from 1.5 million tonnes in the previous fiscal.” The enhancement in the operational...
According to the latest update on Altech Chemicals’ construction activities at its high purity alumina (HPA) site in Johor, the onsite electrical substation is progressing and is now ahead of schedule, while all the major constructional works are complete, including the external detailing of the building. The EPC consortium and its subcontractors have recently started internal finishing and architectural detailing, in addition to the completion of sewerage and drainage works and the finalisation of vehicle access requirements. The electrical substation is expected to be completed in April 2020, approximately four weeks ahead of schedule. Altech will get the handover of the building after the latter is being inspected. For the inspection, the substation will be turned over the local...
According to a recent report, Outotec has bagged a contract to deliver technology and services to National Aluminium Company Limited (NALCO) for its alumina refinery expansion in Damanjodi, Odisha. The order is worth EUR 15 million and is booked in Outotec’s 2020 first quarter order intake. As per the contract, Outotec will deliver the engineering of two alumina calciners and hydrate filtration plants and supply key equipment as well as advisory services for installation and commissioning. <iframe width="500" height="300" src="https://www.youtube.com/embed/DoMxSuUnZlE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> With this expansion, Nalco's alumina refinery will expectedly achieve higher production by about 1...
The largest industrial company in the United Arab Emirates outside oil and gas, Emirates Global Aluminium, has signed a fresh three-year contract with Vinacomin, a Vietnamese state-owned firm, extending the supply of Vietnamese alumina to the UAE until 2023. As per the new agreement, EGA will continue to buy up to 300,000 tonnes of alumina from Vinacomin each year. This deal is the extension of the agreement that EGA and Vinacomin signed in late 2017, which was due to expire at the end of this year. Alumina is amongst the significant components of UAE-Vietnam trade. The agreement follows a visit by a senior commercial delegation to Vietnam in October, led by His Excellency Sultan bin Saeed Al Mansouri, UAE Minister of Economy. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said:...
China in February 2020 produced 5.4 million tonnes of alumina, of which metallurgical-grade materials accounted for 5.17 million tonnes, according to Shanghai Metals Market. Daily production of metallurgical-grade alumina averaged 178,000 tonnes, 8.19 per cent lesser than February 2019 and 0.52 per cent from January 2020. Capacity cut at many refineries amidst the deadly Coronavirus outbreak was one of the reasons for the dip in daily alumina output. In January, production of metallurgical-grade alumina averaged 179,000 tonnes per day. However, some alumina refineries have begun to recover production since late February, as their inventories of imported and domestic bauxite recovered to safe levels after truck transport capacity tightness eased and private mines in Henan resumed work...
Altech Chemicals announced this week announced the probability of getting mezzanine debt worth US$ 90 million from Macquarie Group for its Malaysian High Purity Alumina Plant project. Altech said the positive response from Macquarie came on the back of the recent increased profile of planned lithium-ion battery plants being constructed in Europe. However, the receipt of the debt is subject to various internal approvals and inter-creditor arrangements with senior lender KfW IPEX-Bank in Germany, said Altech. Altech’s Malaysian HPA project will secure kaolin clay feedstock from Meckering in West Australia, and the plant will be capable of producing alumina product that can achieve 99.99 per cent purity. According to the report, Altech has also posted a suit of innovative financing...
The higher procurement of locally supplied bauxite has succumbed Vedanta to crop the cost of making alumina at its Lanjigarh refinery by 8% Y-o-Y to $269 per tonne in Q3 of this fiscal year. The production capacity of alumina at the Lanjigarh plant has risen by 16% Y-o-Y to 476,000 tonnes. The decreased cost of alumina also steered to cut the cost of production of aluminium at $1691 per tonne. The company communicated in a recent investor presentation meet that locally supplied bauxite has now been meeting over half of the company’s total requirement. The Lanjigarh refinery was up by 24% to reach 1.33 million tonnes during April-December’19, whereas the cost of production dipped 16% Y-oY at $281 per tonne. The falling of alumina costs and structural cost reduction measures commenced on by...
According to the United States Geological Survey, the country in the third quarter of 2019 ending September 30 had exported 10,000 tonnes of alumina to Mexico, whereas in the second quarter had supplied 12,200 tonnes. The USGS data found that this downfall of about 18 per cent in Q3 was a continued affair, as the United States’ alumina exports in Q2 2019 was also down by about 32 per cent from the previous quarter’s 14,700 tonnes. Year-on-year, the United States alumina exports to Mexico in Q3 2019 had recorded a decline of 29 per cent from 14,000 tonnes. Mexico was the leading destination of the United States alumina exports in the third quarter of 2019, followed by Canada. The US in Q3 had exported 7,350 tonnes of alumina to Canada, down 21 per cent from 9,280 tonnes in Q2. In Q1, the...
As updated by Shanghai Metals Market, average spot alumina price in China has increased from RMB 2565 per tonne on February 28 to RMB 2574 per tonne on March 2. This marks an increase of RMB 9 per tonne or 0.35 per cent on Friday. The prices of alumina in East, Central, and North China markets have risen by RMB 5 per tonne, RMB 10 per tonne and RMB 10 per tonne to stand at RMB 2575 per tonne, RMB 2575 per tonne, and RMB 2590 per tonne. Alumina-South remains unchanged at RMB 2520 per tonne. Alumina (Imported) price stands RMB 40 per tonne higher on Monday, 02 March 2020. The price stands at RMB 2580 per tonne. A00 aluminium ingot price on Monday has extended drop by RMB 120 per tonne from RMB 13170 per tonne. The price today stands at RMB 13050 per tonne. This marks the third consecutive...
As the week comes to an end, let’s look back at the status of Chinese aluminium and input costs recorded throughout the week. The average alumina spot price during February 24-28 recorded interrupted growth of RMB 49 per tonne ranging between RMB 2,516 per tonne and RMB 2,565 per tonne, showed Shanghai Metals Market. In the east, the price rallied by RMB 50 per tonne from RMB 2,520 per tonne to RMB 2,570 per tonne over the week, while that in the central and north, the price grew by RMB 40 per tonne and RMB 50 per tonne, from RMB 2,525 per tonne to RMB 2,565 per tonne and RMB 2, 530 per tonne to RMB 2,580 per tonne, respectively. Limited availability of alumina due to production cut at several refineries in China amidst deadly Coronavirus whilst stable production of primary aluminium...
As updated by Shanghai Metals Market, average spot alumina price in China has risen from RMB 2543 per tonne on February 27 to RMB 2565 per tonne on February 28. This marks an increase of RMB 22 per tonne or 0.87 per cent on Friday. The prices of alumina in East, Central, and North China markets have climbed by RMB 30 per tonne, RMB 20 per tonne and RMB 20 per tonne to stand at RMB 2570 per tonne, RMB 2565 per tonne, and RMB 2580 per tonne. Alumina-South remains unchanged at RMB 2520 per tonne. Australian alumina FOB price stands USD 2 per tonne higher on Friday, 28 February 2020. The price stands at USD 301 per tonne. Al Fluoride and Cryolite prices in China have registered a big jump today. Al Fluoride price stands at RMB 9100 per tonne, up RMB 500 per tonne. Cryolite price has increased...
The average alumina spot price continues to expand in China amidst the limited production at refineries and weak supplies in the market. Today, on February 27, the alumina price has grown by RMB 18 per tonne to stand at RMB 2,543 per tonne, according to Shanghai Metals Market. With the continued rise, the alumina price over the month has increased by RMB 89 per cent, in contrast to the escalation of RMB 17 per tonne in the month earlier. In the north, the average alumina spot price has grown by RMB 20 per tonne to RMB 2,560 per tonne, followed by the east and central, where the price has jumped by RMB 15 per tonne to RMB 2,540 per tonne and RMB 2,545 per tonne, respectively. In the south, however, the price has remained restrained at RMB 2,520 per tonne. But while the alumina price in the...
The average alumina spot price has extended growth by RMB 3 per tonne to RMB 2,525 per tonne, according to Shanghai Metals Market. Limited supply of the ore in the market due to lower production at refineries is primarily responsible for the continued growth in the alumina spot price. In the east, the price has also come in at RMB 2,525 per tonne, but after the growth of RMB 5 per tonne. In the central, north, and south, the price has recorded no change. The Australian alumina FOB price has remained restrained as well at US$ 299 per tonne, found Shanghai Metals Market. The A00 aluminium ingot price has also recorded a growth today, followed after a restraint at RMB 13,410 per tonne on the previous day. The SMM data shows the aluminium ingot price has expanded by RMB 20 per tonne to RMB...
The Minister of Mines, India, Pralhad Joshi on 25 th February’20 laid the foundation stone of Crusher and Conveyor System at NALCO’s Mining & Refinery (M&R) Complex in Damanjodi, Odisha. The new system will feed bauxite for the 5 th stream of Alumina refinery of the company. The estimated cost would be around INR.483 crore and expected to be completed by April’22. While interacting with the employees of NALCO at M&R Complex in Damanjodi after laying the foundation stone, the Minister of Mines of India Mr Joshi said: “We as a country aim to reach a $5 trillion economy by 2024 and I am sure NALCO will be a success story in this growth trajectory.” The minister also visited Panchpatmali bauxite mine located in the Koraput district, the largest bauxite mine in Asia, having a bauxite deposit...
The average spot alumina price stands at RMB 2522 per tonne on Tuesday, 25 February 2020. That was up RMB 6 per tonne or 0.24 per cent from Monday. The spot alumina prices in China have increased in Central and North markets. The average prices of Alumina-Central and Alumina-North have risen by RMB 5 per tonne and RMB 10 per tonne to stand at RMB 2530 per tonne and RMB 2540 per tonne. Their average prices are expected to move within a range of RMB 2520-RMB 2540 per tonne and RMB 2520-RMB 2560 per tonne. The prices of alumina in East and South China markets remain unchanged at RMB 2520 per tonne each. A00 aluminium ingot price remains unchanged at RMB 13410 per tonne on Tuesday, 25 February 2020. The price is expected to move within a range of RMB 13390-13430 per tonne. Spot aluminium...
Alumina Ltd. Australia, the investor in bauxite mining and alumina refining through Alcoa World Alumina & Chemicals (AWAC), today made public a statutory net profit after tax of US$ 214.0 million for the full-year to 31 December 2019, whereas after excluding significant itineraries, the net profit after tax was US$ 326.6 million. The company declared a final dividend of US 3.6 cents per share. Mike Ferraro, CEO, Alumina Ltd. said: “This is a strong result, reflecting the Company’s ability to generate impressive returns for shareholders through the cycle. AWAC’s full-year alumina production was a record for the current portfolio and the cash cost of production fell by 7%. The quality of the AWAC assets was demonstrated through its cash margin of US$126 per tonne for the year. Alumina...
The average spot alumina price in China has extended growth by RMB 6 per tonne or 0.24 per cent from Friday to stand at RMB 2516 per tonne on Monday, 24 February 2020. Alumina prices have increased across in East and Central markets in China. The prices of alumina in East and Central markets have climbed by RMB 10 per tonne each to stand at RMB 2520 per tonne and RMB 2525 per tonne. Alumina-North and Alumina-South remain unchanged at RMB 2530 per tonne and RMB 2520 per tonne. A00 aluminium ingot price stands lower by RMB 130 per tonne to RMB 13410 per tonne on February 24, from its previous price of RMB 13540 per tonne. This marks the third consecutive drop in aluminium price. The price is expected to move within a range of RMB 13390-13430 per tonne. Spot aluminium price is likely to be...
The average alumina spot price in China has further rallied by RMB 7 per tonne to RMB 2,510 per tonne, on Friday, February 21, according to Shanghai Metals Market. This marks the fourth consecutive rise in the alumina spot price. With the continued growth, the price stands higher by RMB 56 per tonne month-on-month. In the north and central China, the price has gained by RMB 10 per tonne and RMB 5 per tonne to RMB 2,530 per tonne and RMB 2,515 per tonne, but in the east and south the price has remained restrained at RMB 2,510 per tonne and RMB 2,520 per tonne, respectively. The Australian alumina FOB price shows no change on February 21, after a rise yesterday straight from US$ 285 per tonne to US$ 299 per tonne. The incessant growth in Chinese alumina price could be attributed to the...
