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 Company's price target increased to $1.60 by analysts at Morgan Stanley
Alumina Limited had its price target increased by Morgan Stanley to $1.60 in a research report sent to investors on Tuesday. They currently have an overweight rating on the stock. Morgan Stanley has also updated their ratings on a number of other stocks in the last week. The firm reiterated its...
Alumina shares react to Alcoa result
Shares in bauxite miner and aluminium smelter Alumina (AWC) have dropped this morning after the company’s chief executive said conditions declined in the second quarter, despite US joint venture partner Alcoa posting an earnings boost. Shares in Alumina finished yesterday 1.41% higher at $1.44...
China’s Alumina imports plunge 90.4% MoM in May on waning demand
China’s alumina imports plunged 90.4% to 313,000 tonnes in May due to waning demand, Shanghai Metals Market learned. Chinese aluminum smelters preferred domestic alumina due to lower prices, curbing appetite for imports, SMM understood. The imports soared by 56.28% year-on-year, though, and...
The Downturn of aluminum oxide market in china leads to reduced price : IAbrasive
According to a market survey of iAbrasive last week, as the increasing capital shortage problem gets worse, market transaction of aluminum oxide is likely to experience further restraint. China alumina oxide market began to show a weaken tendency last week and the increasing market price was put on...
Alumina Limited second strike unlikely
ALUMINA is expected to avoid becoming the first of the big-name resources companies to suffer a second strike from shareholders on its remuneration report at today’s annual meeting in Melbourne. Last year, Alumina suffered a no vote of slightly more than 50 per cent, prompting an overhaul of its...
Fall in Chinese alumina prices due to low SHFE aluminium prices
Chinese alumina prices based on term contract fell by 50 yuan a ton to 2,250 a ton, a pricing data report by Shangai Metals Market said. The fall in price is mainly due to weak aluminum prices on the Shanghai Futures Exchange which further is related to alumina prices, says SMM. Chinese alumina...
Market sees limited room for further fall in Chinese alumina prices
After weeks of declines, Chinese alumina prices seemed to be stabilising this week with supply and demand approaching a balance. On the local spot market, alumina prices were at 2,180-2,520 yuan ($353-408) per tonne on Thursday April 24, compared with 2,200-2,520 yuan per tonne on Thursday April...
China alumina imports fall in March; further declines expected in April
Inbound shipments of alumina to China fell 18.91% to 376,900 tonnes in March due to production cuts at aluminum producers and falling prices, Shanghai Metals Market understands. In China, more than 1.32 million tonnes of aluminum capacity has been put offline by the week ending April 18, leaving...
Alcoa has alumina win but headwinds to grow
Alumina chief executive Peter Wasow said industry conditions remained difficult in the first quarter as oversupply continued to depress alumina prices, despite “robust” growth in global demand and a strong result for joint venture partner Alcoa’s alumina unit. Alcoa posted a 59 per cent increase in...
Chinese alumina prices weak; govt intervention may halt further production cuts
Chinese alumina prices remained weak this week amid sluggish demand ahead of the long weekend. Alumina was offered around $319 per tonne fob Australia this week, compared with $317-318 per tonne last week, according to market participants. "The suspension of alumina loading at a Norsk Hydro...
Alumina Ltd set to re-rate in 2014
Is Alumina Ltd (AWC) about to shake investor apathy? China's aluminium production industry is becoming more rational and CIMB considers this will benefit the pricing of alumina. CIMB's analysis suggests there's now much less chance that alumina prices will ease over the medium term. The broker...
Alumina Limited receives Outperform Rating from Credit Suisse (AWC)
Credit Suisse restated their outperform rating on shares of Alumina Limited in a research note issued to investors on Thursday, AnalystRatings.NET reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Williams...
Credit crunch and low aluminium prices forcing China smelters to halt alumina imports
An oversupplied market with extra pressure from tighter credit and falling aluminium prices are forcing Chinese aluminium producers to stop taking any current shipments and cut sport import of alumina, sources said. A cut in the alumina shipments to top alumina buyer of the world will help...
Alumina prices in China slide as aluminium nears five-year low
Chinese alumina prices were down again this week as demand from local smelters remained depressed amid production cuts and aluminium prices approached a five-year low. Alumina was offered at $318 per tonne fob Australia this week, compared with $320-321 per tonne last week, according to market...
Chinese alumina prices slip amid weak demand
Alumina prices were down in China this week as the weakness in the aluminium market tamed demand for raw materials. Chinese port prices for alumina were around 2,570-2,590 yuan ($418-422) per tonne fot in Lianyungang of Jiangsu province, compared with 2,570-2,600 yuan per tonne last week. Alumina...
Alumina Limited stock rating reaffirmed by credit Suisse
Credit Suisse reissued their outperform rating on shares of Alumina Limited in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. Credit Suisse has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares...
Alcoa looks expensive, but analyst feels shares could hold up
Alcoa’s had a great run to start off 2014–its stock has gained 15% so far this year–but its shares are looking mighty pricey. That doesn’t have to kill the stock, however. Morgan Stanley’s analysts note that at 34 times 2014 earnings forecasts, Alcoa looks more than a little expensive. Its...
Alumina Limited Receives “Outperform” Rating from Credit Suisse
Credit Suisse reiterated their outperform rating on shares of Alumina Limited in a research report released on Tuesday morning, Analyst RN reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm reiterated its outperform rating on shares of EV...
