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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Alumina Limited upgraded to neutral by Goldman Sachs (AWC)
Alumina Limited was upgraded by analysts at Goldman Sachs to a “neutral” rating in a research report issued to clients and investors on Monday. A number of other analysts have also recently weighed in on AWC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Alumina Limited in a...
Alumina prices need to surge for the supply to increase: Goldman Sachs
Goldman Sachs Groups Inc. predicts that in order to spur supply of alumina, which is currently in deficit, the price of alumina needs to be increased. After the Indonesian ban, the bauxite reserves across the world are rapidly falling, which in turn has caused the Chinese alumina output growth to...
China alumina imports fall to 344,400 mt in Sept. 2014
China imported 344,400 mt of alumina in September, down 23.58% YoY and 1.71% MoM, customs data showed. The MoM decline was because rising alumina prices depressed Chinese aluminum smelters’ appetite for imported alumina. The FOB price of Australian alumina rose 10% from USD 320/mt in late August to...
Future remains grim for alumina, economist says
WESTPAC chief economist Bill Evans says he doesn't hold any great hopes for the alumina industry, with low commodity prices set to continue. Speaking at the GEA Major Industry Conference in Gladstone on Thursday, Mr Evans said the future for the industry appeared grim. More than 3000 people work in...
Alumina Limited receives buy rating from Deutsche Bank (AWC)
Deutsche Bank reissued their buy rating on shares of Alumina Limited in a research report sent to investors on Tuesday morning. The firm currently has a $2.25 price target on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated...
Alumina rallying into Alcoa results
Alumina (AWC) has been one of the best performers on the local Australian market over the past couple of months, rising even as most of the materials stocks have been underperforming. The primary driver of the gains has been centred on aluminium fundamentals, with demand ramping up on aircraft...
Chalco refinery in Henan re-opens after red mud leakage repair
Last week the Chalco alumina refinery located in Henan had closed down due to a broken waste-pool. The refinery had a capacity of 1.6 million tonnes per annum and its closure had a definite effect on the already climbing alumina prices. On Tuesday, Shanghai Metal Market heard reports that 60,000...
Tightening supply to drive up China alumina prices
Tightening alumina supply is expected to give more rising momentum to China's alumina prices, Shanghai Metals Market foresees. The supply shortfall is due mainly to production suspensions or cuts, SMM learns. Chalco (Henan) has closed down a total of 1.6 million-tpy due to leaks from its red mud...
China’s alumina prices rise as smelters and traders stock up
Alumina prices in China are on a high as smelters increase their alumina purchases from domestic and international markets with plans to restart soon and with traders stocking up on alumina on anticipation of further price hike in the future. The strong aluminium buying trend is likely to push up...
See aluminium price hold above USD 2400/tonne: Nalco
Answering a query put by CNBC-TV18’s guest editor Abhay Laijawala, MD & Head of Research, Deutsche Equities India on whether alumna prices on the LME are expected to move up in line with aluminium prices, Ansuman Das, chairman and managing director of Nalco said alumina prices may not move up as...
China’s alumina imports rocket 97.78% YoY in July
China’s alumina imports rocketed 97.78% YoY to 463,200 mt in July. YTD imports through July also soared 71.55% YoY to 3.23 million mt, according to China Customs. Two factors were behind the impressive growth in import volumes. Chinese buyers increased imports as the FOB price of Australian alumina...
Alumina prices in China to rise further for H2 2014, SMM expects
A rising trend is expected to be continuing for the rest of the year due to growing demand and supply tightness, Shanghai Metals Market foresees. The commissioning of new capacity in Q3 or Q4, delayed by falling prices early this year, and idled capacity resumption will grow demand for alumina, SMM...
Alumina faces losses for the closing of Point Henry Smelter
The Australian-based Alumina faced huge losses in the first half of the year till June as compared to last year. This was primarily due to the closure of the Point Henry Smelter located in the state of Victoria fuelled by the continuing weakness in alumina prices. The company incurred a net loss of...
China’s alumina imports to slow in H2 following 67.82% surge in H1
China’s alumina imports will slow for the remainder of the year following a 67.82% year-on-year surge in H1 as prices for imported alumina will follow primary aluminum up, Shanghai Metals Market foresees. Inbound shipments in June, though rocketing 307.75% from a year ago to 372,300 tonnes, did...
Chinese alumina production slows to 22.77 M Tonnes in H1
China’s alumina production slowed to 22.77 million tonnes in H1 2014, up by 6.50%, due to production cuts and expansion delays, Shanghai Metals Market learned. Alumina producers reliant on imported ore cut output against depressed alumina prices in H1 and Indonesia’s export ban. Moreover, new...
Alumina Limited rating lowered to hold at Deutsche Bank
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Tuesday. They currently have a $1.45 target price on the stock. Alumina Limited opened at 1.605 on Tuesday. Alumina Limited has a 52 week low of A$0.935 and a 52 week high of...
Alumina Limited lowered to hold at Deutsche Bank
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors. They currently have a $1.45 target price on the stock. Shares of Alumina Limited opened at 1.560 on Monday. Alumina Limited has a one year low of A$0.935 and a one year high of...
Alumina Limited given new $1.60 price target at Morgan Stanley
Alumina Limited had its price target upped by Morgan Stanley to $1.60 in a research note issued to investors on Wednesday. The firm currently has an overweight rating on the stock. Morgan Stanley has also taken action a number of other stocks recently. The firm downgraded shares of Statoil ASA(ADR)...
