From black shale to smelter feed: CEM advances North American alumina supply chain
Canadian Energy Metals has demonstrated a process for producing smelter-grade alumina from Saskatchewan black shale and has started a prefeasibility study for its Thor Project. Canadian Energy Metals Corp. (CEM) has taken a step towards developing an alternative North American source of alumina...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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Growing oversupply hurts alumina prices in China Guizhou
Alumina prices in China's Guizhou province lost 50 yuan per tonne to 2,400 yuan ($387) per tonne last week as local supply glut escalated, SMM data showed. Only 630,000-tpy of aluminum capacity is running in the province, overshadowed by 3.7 million tonnes of alumina capacity, highlighting the...
Alum Tulcea allocates 30% of 2014 profit for retooling
Approximately 30% of the 2014 net profit recorded by alumina producer Alum Tulcea will be allocated for retooling and the rest will be distributed to cover losses from previous years, the operational manager of the company Nicolae Anghelovici told Agerpres after Alum’s debut on AeRO market. In...
Xingan Chemical Alumina Plant closure unlikely to raise local prices
Xingan Chemical Alumina Plant shut down 1.8 million-tpy alumina capacity on April 25 due to an accident, Shanghai Metals Market has learned. It will take about 2 months for production to return to normal. Some traders raised offers by 40 yuan/tonne to 2,540 yuan ($415) per tonne immediately after...
Alumina in a better space than iron ore
Credit Suisse upgrades Alumina AWC to "outperform" from "neutral" and says "it is our preferred ASX100 mining exposure". "Alumina fundamentals are much better than iron ore and AWC is moving into a strong dividend paying position with a yield of 8 per cent in CY15 rising to 13 per cent in CY17. "We...
China’s alumina imports fell 29.07% YoY in February
China’s alumina imports tumbled 29.07% YoY to 330,000 mt in February. YTD imports through February totaled 710,000 mt, down 35%, customs data showed. Supply of domestic alumina grew, and its prices were lower than imported alumina, so some aluminum smelters preferred domestic alumina. Domestic...
Chalco posts largest-ever loss in 2014 on lower aluminum prices
Aluminum Corp of China Ltd (Chalco), the country’s top aluminum producer, swung into its largest-ever loss in 2014 due to lower aluminum and alumina prices, it said in a filing on the Shanghai Stock Exchange yesterday. The Chinese aluminum giant suffered net loss of 16.2 billion yuan ($2.6 billion)...
China alumina imports fall 40% in Jan. 2015 as imported material loses appeal
China’s alumina imports fell 40% on monthly and yearly basis to 385,194 tonnes in January 2015, customs data showed. Imported material being less attractive is the main reason for lower inbound shipments. Domestic prices fell due to growing production, while FOB price of Australian alumina stayed...
Hydro reports highest quarterly results for Bauxite, Alumina and Primary Metal since 2007 during Q4 2014
Norsk Hydro ASA's underlying Earnings Before Interest and Tax (EBIT) increased to NOK 2,886 million in the fourth quarter, up from NOK 1,490 million in the third quarter of 2014. Bauxite & Alumina and Primary Metal delivered their highest quarterly results since 2007. • Record high quarterly...
NALCO Q3 profit may surge 167% to Rs 350 cr
National Aluminium Company's (NALCO) third quarter profit may jump 167 percent year-on-year to Rs 350 crore on strong operating income, according to the average of estimates of analysts polled by CNBC-TV18. Total turnover grew 17 percent to Rs 1,920 crore from Rs 1,644 crore during the same period....
China Qinghai alumina imports up 48% in 2014
Qinghai Province imported 361,000 mt of alumina in 2014, up 48% from a year ago, local media reported yesterday. The average import price was 2,045 yuan ($332) per tonne, up a mere 0.3%. Imported alumina was cheaper than domestic alumina, offering incentive to import. Besides, Indonesia’s export...
Chalco expects $2.6bn loss in 2014
China’s state-owned aluminium producer, Aluminium Corp of China (Chalco), is expecting a loss of 16.4 billion yuan ($2.6 billion) for 2014 due to low aluminium prices and impairment charges. Impairment charges are seen in many areas like a 5.5 billion yuan impairment charge in Chalco’s earnings...
Chinese alumina market continues to be slow
The Chinese market for alumina remains slow as the trading remained lukewarm with expectations of better demand in the coming weeks. The domestic spot prices for alumina hovered around 2,650-2,730 yuan per tonne as on Friday January 23, while the three-month aluminium contract on the Shanghai...
Bauxite and alumina winners at China commodity trade data
Commodity trading figures for 2014 in China confirms a trend that shows higher import volumes as a result of low commodity prices. Key commodities showed a rise in imports due to falling prices. There are a few commodities in which cases both the volumes and prices went up and these according to a...
Alcoa’s good results likely to boost Alumina's performance
With US aluminium production giant returning to profit with the Q4 results, the price of aluminium has seen a boost which has benefitted the Australian based company named Alumina. Alumina is in fact directly affected by Alcoa’s results as the two of them jointly own Alcoa World Alumina and...
China alumina imports surge 63% in Nov. 2014
China’s alumina imports soared 63% month-on-month to 443,327 tonnes in November 2014, customs data showed. SMM attributes the growth to winter stocking by domestic aluminum smelters, tight domestic supply, and bullishness over alumina prices. Brazil and Venezuela were major contributors to the...
China alumina output hits record high of 4.4 Mln tonnes in Nov. 2014
China’s alumina production hit record high of 4.4 million tonnes in November, SMM data showed. Strong alumina prices, high profit and strong demand from northeast China gave alumina refineries incentive to produce. Operating rates at Chinese alumina refineries rose 5 percentage points...
Growing stockpiles and falling port prices curbs alumina imports in China
According to customs data, China’s alumina imports have seen a sharp decline from last year falling 40.94% to 271,900 tons in October. The prime reason for this fall is the lack of supply from Brazil and Suriname which has also brought down the month on month imports by 21.05%, says the Shanghai...
Removal of Australia alumina export tariff to have little impact on exports to China
The 8% export duty on Australian alumina has been removed under the China-Australia Free Trade Agreement signed on November 17, but this move will have little impact on Australian alumina exports to China, Shanghai Metals Market understands. The current FOB price of Western Australian alumina is $...
