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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The average spot alumina price in China has dropped by RMB 19 per tonne or 0.77 per cent to stand at RMB 2439 per tonne on Wednesday, 11 December 2019. Alumina price fell by RMB 9 per tonne yesterday. The drop in alumina prices has continued in all other major markets in China. Source: Shanghai Metals Market Alumina price in East China stands at RMB 2440 per tonne on Wednesday, down RMB 20 per tonne from Tuesday. Alumina prices in Central and North have declined by RMB 20 per tonne each to stand at RMB 2460 per tonne and RMB 2440 per tonne. South China remains unchanged at RMB 2520 per tonne. Alumina (Imported) price is down by RMB 20 per tonne to RMB 2500 per tonne. The average price is expected to range within RMB 2480-2520 per tonne. Al Fluoride and Cryolite prices in China have...
Alcoa of Australia has reportedly handed over major multi-disciplinary services contract worth $90 million to SRG Global. The scope of services includes heavy mechanical and electrical maintenance, specialist rope access and scaffold services at Alcoa’s alumina refinery in Kwinana, Western Australia. This contract is valid for five years. Early next year, SRG Global is expected to commence mobilisation to the site. According to SRG Global managing director David Macgeorge, this contract is a very significant announcement for the company as it will help in their asset services division. He also said, “It showcases our ability to deliver multi-disciplinary integrated solutions for Tier 1 customers.” Alcoa’s Kwinana refinery extracts alumina from bauxite produced in the company’s Huntly and...
National Aluminium Company Ltd (Nalco) plans to restructure its alumina sales strategy in international markets. The alumina producer, which has been selling its surplus alumina in spot markets instead of its earlier strategy of long term contracts, is planning to switch over to long terms contracts again. In FY 2018-19, Nalco sold over 95 per cent of its exportable alumina in international spot markets as prices had rocketed to over US$600 per tonne lifting its profits. Leveraging on higher alumina prices, Nalco registered its highest ever realisation of over $700 per tonne from alumina sales. Sanctions on Rusal and 50% capacity cut at Hydro Alunorte refinery lifted up the prices in 2018. However, alumina prices have consolidated this year with the lifting of sanctions on Rusal and...
After starting the week with restraint at RMB 2,467 per tonne, the average alumina spot price today, on December 10, has recorded a plunge of RMB 9 per tonne to RMB 2,458 per tonne, found Shanghai Metals Market. So far this month, the average alumina spot price has shown a bearish trend like the month before, although within a limited range. In last just more than a week, the price has slipped by RMB 25 per tonne ranging between RMB 2,483 per tonne and RMB 2,458 per tonne. In the east, the average spot price of alumina has declined by RMB 20 per tonne to RMB 2,460 per tonne, while that in the central and north by RMB 10 per tonne to RMB 2,480 per tonne and RMB 2,460 per tonne. In the south, the price has shown no change today. Also, the imported alumina price and the Australian alumina...
Shanghai Metals Market data showed that China’s alumina production in November stood at 5.71 million tonnes, with metallurgical-grade materials accounting for 5.46 million tonnes. The output in the first nine months of this year decreased 1.84% year-on-year to 63.06 million tonnes. The production of alumina is likely to drop this month as Luoyang Wanji has only one roasting furnace in operation. Commissioning of the phase-one project at Jingxi Tiangui, with a capacity of 800,000 tonnes per year, will contribute to the output in December, found SMM. The daily average production of metallurgical-grade alumina totalled 182,000 tonnes, up 0.42% from a month ago, but down 10.31% from a year earlier. As of early December, metallurgical-grade alumina capacity in operation inched up to 69.59...
The spot alumina prices in China have dropped across all major markets. The average spot alumina price stands at RMB 2467 per tonne on Friday, 06 December 2019, after remaining flat at RMB 2478 per tonne on December 5. This records a drop of RMB 11 per tonne or 0.44 per cent. Source: Shanghai Metals Market The average prices of Alumina-East and Alumina-Central have fallen by RMB 10 per tonne and RMB 5 per tonne to stand at RMB 2480 per tonne and RMB 2490 per tonne; Alumina-North is down by RMB 10 per tonne to RMB 2470 per tonne; Alumina-South remains unchanged at RMB 2520 per tonne as on December 06. Alumina (Imported) price is down by RMB20 per tonne to RMB 2520 per tonne. The average price is expected to range within RMB 2500-2540 per tonne. Aluminium ingot price has dropped RMB 60 per...
The Australian listed resources company FYI Resources has reportedly received an industrial site in the Kwinana industrial area for its high purity alumina refining facility. The facility, as per the report, will refine kaolin feedstock arrived from FYI’s Cadoux Project. The company’s managing director Roland Hill said on Wednesday, December 4, that the Kwinana industrial area was a world-class industrial hub, adding that FYI Resources was delighted to be selected as a proponent within the zone and a participant in the Battery Valley. “Having our HPA refinery located in this zone is a real asset to the company and is integral to our fully integrated production strategy. The benefit of being located in the Kwinana industrial area brings many tangible and intangible benefits to our business...
National Aluminium Company (Nalco), on Tuesday, December 3, once again appealed the Supreme Court to challenge the Odisha High Court’s March order that allowed Vedanta’s Jharsugda unit to participate in the tender for the sale of surplus 30,000 tonnes of metallurgical grade calcined alumina. In April this year, Nalco had first approached the Supreme Court over this issue, citing that the tender for alumina exports was issued only to overseas customers and, therefore, Vedanta’s Jharsugda unit was not entitled to participate in the tender. Later on, the state-owned Navratna company clarified that Vedanta could participate in the tender through its sister concern based in London. Nalco also exports its surplus alumina of over 1.2 million tonnes after meeting its in-house need at Angul...
According to Shanghai Metals Market, the average spot price of alumina continues to decline marginally by RMB 2 per tonne to RMB 2,478 per tonne, as of December 4. In the north of China, the price has dropped too by RMB 5 per tonne to RMB 2,480 per tonne for a week at RMB 2,485 per tonne since dropped from RMB 2,490 per tonne on November 25. The average prices in the north are expected to range between RMB 2,470 per tonne and RMB 2,490 per tonne. In the east, central, and south, however, the alumina price has shown no sign of change from RMB 2,490 per tonne, RMB 2,495 per tonne and RMB 2,520 per tonne, respectively. The imported price of alumina as well as the Australian alumina FOB price, have neither recorded any change today from RMB 2,540 per tonne and US$273 per tonne, respectively....
The average spot alumina price in China is down by RMB 3 per tonne or 0.12 per cent on Tuesday, 03 December 2019. Alumina price stands at RMB 2480 per tonne, after remaining flat at RMB 2483 per tonne on November 29 and December 2. Alumina prices remain unchanged across all major markets in China. Source: Shanghai Metals Market The prices of alumina in East, Central, North, and South China markets remain unchanged at RMB 2490 per tonne, RMB 2495 per tonne, RMB 2485 per tonne, and RMB 2520 per tonne. Alumina (Imported) price has dropped by RMB 10 per to stand at RMB 2540 per tonne, after remaining flat since November 25 at RMB 2550 per tonne. The average price is expected to range within RMB 2520-2560 per tonne. Aluminium ingot prices stand higher for the fourth straight day on Tuesday....
Now high purity alumina (HPA) is being used in the manufacture of epoxy moulding compounds (EMC’s) that are used in the semi-conductor industry to improve heat dissipation, said Altech Chemicals Limited, leading Malaysia-based HPA producer. Altech also recently started an investigation of the EMC for semi-conductor market for targeting some of its future HPA products into this market segment. Altech's initial investigation into the demand for HPA in the EMC semi-conductor market indicates a global market size in the range of 700 – 900 tonnes per annum, with a price of US$100 per kg being commanded by product that meets required specifications. Year-on-year growth in the market is expected along with the growth in the semi-conductor business. Altech believes that its low sodium HPA and the...
As presented by Huo Yunbo, senior analyst with Chinese consultancy Antaike during Aluminum Week in Qingdao, China’s alumina production will increase to 74.35 million tonne by 2020 with new operations coming online, leading to a surplus of 730,000 tonne putting pressure on price. She projected domestic alumina prices to hover around RMB 2,400-2,900 per tonne (US$342-413/t) in 2020. About 4.7 million new alumina capacity will be added in 2020 with about 1.8 million t/year of delayed new capacity coming on stream by 2020. According to her, with substantial primary aluminium capacity coming on stream before the aluminium capacity reaching the peak of 45 million tonne per year, there was room for alumina demand to pick up. Production cuts and delayed commissioning of new projects have kept...
The metals and mining conglomerate Vedanta Limited’s Lanjigarh alumina refinery was reportedly granted with Kalinga Safety Excellence Award at Bhubaneswar. Under the 10th edition of Odisha State Safety Conclave 2019, organised by the Institute of Quality & Environment Management Services (IQEMS), the Lanjigarh unit received bronze award under alumina sector category. Mr. Atif Hussain, Head – Safety, Vedanta Lanjigarh unit, collected the award in presence of eminent dignitaries, industry experts, business leaders, professionals and government officials. On receiving the award, Mr. Rakesh Mohan, Chief Operating Officer of Vedanta Lanjigarh said that Vedanta had been operating over the years ensuring safety and healthy work conditions, with its commitment towards the motto of Zero Harm, Zero...
Alumina price in China declined for the fifth straight day on Monday. The average spot alumina price fell by RMB 5 per tonne or 0.20 per cent to stand at RMB 2484 per tonne on Monday, 25 November 2019. The spot alumina prices in China dropped across all markets. Source: Shanghai Metals Market The average prices of Alumina-East and Alumina-Central were down by RMB 5 per tonne each to stand at RMB 2495 per tonne each; Alumina-North reduced by RMB 5 per tonne to RMB 2485 per tonne; Alumina-South remained unchanged at RMB 2520 per tonne as on November 25. A00 aluminium ingot prices inched higher after a drop on Friday. Aluminium price increased to RMB 14060 per tonne on November 25 from its previous price of RMB 14050 per tonne on November 22. This marked an increase of RMB 10 per tonne or...
The average spot price of alumina in China has extended its decline again by RMB 14 per tonne, as on Friday, November 22, to stand at RMB 2,489 per tonne, marking the fourth consecutive fall throughout the week. With these declines, the alumina price today stands down by RMB 135 per tonne or 5.14 per cent month-on-month, found Shanghai Metals Market. In the east and central, the average spot price of alumina has dipped by RMB 20 per tonne to RMB 2,500 per tonne, while that in the north by RMB 10 per tonne to RMB 2,490 per tonne. In the south, however, the average alumina spot price has remained restrained at RMB 2,520 per tonne, as of November 22. The imported alumina price has also dwindled for the second day in a row by RMB 10 per tonne to stand at RMB 2,550 per tonne on November 22,...
The spot alumina prices in China have dropped today across all markets. The average spot alumina price stands at RMB 2503 per tonne on Thursday, 21 November 2019, from last closed RMB 2518 per tonne on 20 November. This records a drop of RMB 15 per tonne or 0.60 per cent. Source: Shanghai Metals Market The average prices of Alumina-East and Alumina-Central have fallen by RMB 20 per tonne each to stand at RMB 2520 per tonne each; Alumina-North is down by RMB 10 per tonne to RMB 2500 per tonne; Alumina-South remains unchanged at RMB 2520 per tonne as on November 21. Alumina (Imported) price is down by RMB 30 per tonne to RMB 2560 per tonne. The average price is expected to range within RMB 2540-2580 per tonne. A00 aluminium ingot price has extended its growth by RMB 110 per tonne or 0.79...
Shanghai Metals Market found the average spot price of aluminium has dropped further today, on November 20, by RMB 20 per tonne to stand at RMB 2,518 per tonne. This marks the second consecutive fall in the spot price of alumina after remaining restrained for a week at RMB 2,572 per tonne. Prior to that also, the price recorded incessant declines since the month began with intermittent restraints, ranging between RMB 2,596 per tonne and RMB 2,572 per tonne. The markets in south China have seen the highest fall in alumina price today by RMB 30 per tonne to RMB 2,510 per tonne, followed by the markets in the east and central where the price has dwindled by RMB 20 per tonne and RMB 10 per tonne respectively to come in at RMB 2,540 per tonne. But despite the back-to-back fall in the input...
The average spot alumina price in China is down by RMB 34 per tonne or 1.32 per cent on Tuesday, 19 November 2019 to RMB 2538 per tonne, after remaining flat at RMB 2572 per tonne from November 12-18. Source: Shanghai Metals Market Alumina price in East China stands at RMB 2560 per tonne, down RMB 30 per tonne from its previous price. Alumina prices in Central and North have declined by RMB 40 per tonne and RMB 30 per tonne to stand at RMB 2550 per tonne and RMB 2540 per tonne as on November 19. South China remains unchanged at RMB 2520 per tonne. Alumina (Imported) price is down by RMB 50 per tonne to RMB 2590 per tonne. The average price is expected to range within RMB 2580-2600 per tonne. A00 aluminium ingot price has extended its growth to RMB 13960 per tonne on November 19 from its...
