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 tops the list of nine best stock picks by Research house Morningstar
From Alumina to Woodside Petroleum, research house Morningstar has unveiled its nine top stock picks from the 230 companies it analyses from the Australian Securities Exchange. Morningstar’s best stock ideas are “our most-vetted, highest conviction ideas” at attractive prices, according to the...
China’s alumina prices stop sliding on cost support
China’s alumina prices have stopped sliding on cost support after having trended down for the past two years due to oversupply, making imports attractive. Shanghai Metals Market (SMM)’s alumina prices have held between 2,260-2,550 yuan ($368-415) per tonne in the past month or so, comparing to...
Alumina prices fall back after summer highs
Alumina prices dropped back to what sources said was a more representative level on Friday September 6, following a summer of higher prices supported by decent interest for the sporadic deals on offer over the past weeks. Metal Bulletin’s fob Australia alumina index fell to $312.88 per tonne from...
China’s alumina imports down during July 2013
China’s alumina imports during July totaled 234,200 mt, down 49.08% YoY. YTD imports through July were 1.88 million mt, also down 35.78% YoY, according to China Customs. China’s alumina imports in July were up from June levels, however, since falling Australian alumina prices stimulated Chinese...
Alumina minimises loss with cost cutting
Alumina has narrowed its first-half loss as the company's aggressive cost cutting began to bear fruit, and a higher US currency helped to trim production costs. Alumina, a refiner of the white granular material used to make aluminum metal, said its net loss in the six months through June was US$2.4...
China’s Alumina imports surge in July
China imported 230,000 mt of alumina in July, surging 156% MoM, but down 50% YoY. YTD imports through July totaled 1.88 million mt, a drop of 36% YoY, according to China Customs. Imported alumina lost its price appeal over domestic materials and supply of domestic alumina increased, leading Chinese...
Alumina Limited continues with underperform rating
Alumina Limited‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. Shares of Alumina Limited traded down 1.01% during mid-day trading on Friday, hitting A$0.985. Alumina...
Alumina Prices at Lianyungang fell to RMB 2,560/Mt in late July
Falling Australian alumina prices have forced Chinese traders at ports to cut alumina prices, Shanghai Metals Market has learned. The low-end alumina quotation at Lianyungang has now fallen to RMB 2,560/mt, down RMB 20/mt on a weekly basis. China’s alumina imports began to drop in April. China...
FOB price of Australian alumina hits a new 10-month low
The FOB price of West Australian alumina fell to USD 316.5/mt last week, down USD 2.5/mt on a weekly basis and the lowest level since last September. The price decline was due largely to falling LME aluminum prices and sagging demand from China. First, LME three-month aluminum contract prices fell...
China’s Alumina Output Jumped 12.18% during H1, 2013
China’s alumina output hit 3.83 million mt in June, up 8.66% YoY, and 21.38 million mt during H1, also up 12.18%, according to the China Nonferrous Metals Industry Association (CNIA). Commissioning of new capacity and completion of facility maintenance pushed China’s alumina output higher. Shanxi...
Norsk Hydro financicial result down on reduce aluminium prices and energy production
Hydro’s underlying gain before financial equipment and taxation was NOK 518 million in a second quarter, down from NOK 1,077 million in a initial entertain of 2013, as revoke aluminium and alumina prices and seasonally revoke appetite prolongation weighed on results. Bauxite and alumina...
China’s Alumina Imports Hit A 21-Month Low in June
China’s alumina imports totaled 90,000 mt in June, down 71% YoY and 55% MoM, the lowest level in 21 months. Imports amounted to 1.65 million mt in 1H, also down 33% YoY, data from China Customs showed. China’s imported alumina came primarily from Australia. The CIF price of Australian alumina...
Guangxi’s alumina prices slid to RMB 2,240/Mt in early July
Alumina prices in Guangxi fell to RMB 2,240-2,300/mt in early July, down almost RMB 100/mt from early-to-mid June. Persistently depressed aluminum prices are the major reason behind the decline in alumina prices. Oversupply in Guangxi also contributed to the fall in alumina prices in the region....
Alumina Gains as costs fall
Improved margins reported by leading US aluminium/alumina producer Alcoa in the second quarter have given brokers a reason to expect a better performance from Alumina Ltd this year. Alcoa reported a surprise quarterly increase in the alumina division's earnings margin to US$47/t from US$44/t. Costs...
Alumina may still prevail when market conditions normalise
ALUMINA'S buddy Alcoa is sticking to its forecast of 7 per cent growth in global aluminium demand this calendar year, in ?essentially balanced'' alumina and aluminium markets. This is despite lower prices for the finished metal and the general industry funk. In fact Alcoa's downstream operations...
CIF price of Australian alumina remains high at USD 362.5/mt in May
China Customs data show that China imported 196,000 mt of alumina from Australia in May, down 66.3% YoY. YTD imports through May totaled 1.54 million mt, down 16.1% YoY. The CIF price of Australian alumina remained high at USD 362.5/mt in May. The FOB price of Australian alumina fell from...
Alumina prices slip in June and look set to remain low
The average SMM alumina price has fallen from May’s RMB 2,514/mt to current RMB 2,473/mt, but the average price for long-term alumina contracts has risen from May’s RMB 2,482/mt to current RMB 2,526/mt. Prices of imported alumina at ports have slipped from RMB 2,654/mt in May to current RMB...
Norsk Hydro decision unlikely to imapct aluminium prices
A force majeure at the world's largest alumina refinery is unlikely to have a significant impact on aluminum prices, unless production issues persist for an extended period, market participants said Thursday. Norsk Hydro ASA announced force majeure at its majority-owned Alunorte alumina refinery in...
