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 prices to decide bauxite project's efficiency
As requested by the Prime Minister of Vietnam, the two bauxite plants Tan Rai and Nhan Co will have their capacities unchanged during the trial period from now to 2015, said Nguyen Manh Quan, director of the Heavy Industry Department under the trade ministry. By 2020, their capacities would be...
Alumina Ltd. shares rise high
International companies trading in New York closed sharply higher Tuesday after the Dow Jones Industrial Average surged to a new record. Alumina Ltd. shares rose 2.6% to $4.69 after logging a drop of more than 4% on Monday. Shares of Sims Metal Management Ltd. (SMS, SGM.AU) gained 1.5% to $10.57.
Aluminium price declined sharply after Chinese spring festival holiday
Aluminium price declined sharply both inside and outside China after Chinese spring festival holiday. The price drop ranges of London aluminium and Shanghai aluminium are near 9% and 3%. Meanwhile alumina price in China keeps falling. Market prices in Shanxi, Shandong and southern China are near...
Hindalco shares to improve on strong alumina outlook
Deutsche Bank has reiterated its 'buy' rating on Hindalco and maintained the target price of Rs 148, an upmove of over 39 per cent from the current market price, on improving alumina pricing outlook. According to the brokerage, spot alumina prices have moved sharply higher recently on expectations...
Alumina price expected to remain high in the near term
Rio Tinto recently announced that it would not shut down its 2.75 million tonne (MT) Gove alumina refinery. The company clarified that it will be receiving energy assistance from the government of the country. The move could lead to a slowdown in the recent increase in alumina prices. However,...
Alumina Limited reports 13% drop in revenues for FY2012
Australia-based bauxite mining company Alumina Limited has reported a net loss of $62.1m for the full year 2012, reversing the previous year profits of $126.6m. The miner also reported a 13% drop in revenues to $5.8bn from its subsidiary Alcoa World Alumina and Chemicals (AWAC), as against revenues...
Experts blast Tan Rai bauxite plant’s effectiveness
Although Tan Rai, Vietnam’s first bauxite plant, has already become operational and had its very first batches of products, experts close to the matter say the plant will be facing a paradox in which more products mean more losses. The US$460-million facility, based in the Central Highlands...
Alumina Limited sits tight on dividend payments
Alumina is holding off paying dividends despite recent price improvements and the post-balance-date equity injection of $452 million from China's state-owned Citic. There was no surprise on the dividend decision as sharply lower alumina and aluminium prices plus the revenue-sapping effects of the...
Alumina reports loss for 2012
Aluminium major Alumina has reported a net loss after tax of $62.1-million for the full 2012, compared with a net profit of $126.6-million last year, as aluminium prices declined. Revenue for the period was also down to some $5.8-billion, compared with the $6.6-billion reported in the previous...
India's NALCO sells 30,000 T alumina at $357/T
India's state-run National Aluminium Co Ltd (NALCO) has sold 30,000 tonnes of alumina at about $357 a tonne free on board, company sources said on Saturday. Alumina will be shipped next month to a buyer in Hong Kong. NALCO, whose tenders serve as an international benchmark, last sold the same...
China's Alumina prices show signs of recovery
In the beginning of Feb.,Australian alumina prices are on the increase. The price was quoted at 346$ per metric ton now, almost 4% prior to the ending of Jan.It is forcasted that the increase of Australian alumina price will great give rise to China’s imported alumina average price, which is...
Australian alumina steady despite news of production cuts in Queensland
Platts Australian alumina assessment at $338/mt FOB was unchanged from Friday despite news of production cuts in Queensland, Australia due to storms and flooding. Reports of the run cuts came during the Asian business day, but market participants mostly said they planned to wait and see what impact...
Alumina spot market frozen until Q2 on strong quarterly contract sales
Alumina traders are struggling to find any available cargoes in the first quarter of 2013, as many producers sold forward much of their first-quarter material and will not be responding to enquiries until late March, when they will have material available for the second quarter. Metal Bulletin’s...
Alumina shares jump on Alcoa profit beat
Shares in Australian company Alumina have risen after aluminium giant and joint venture partner Alcoa beat sales expectations and forecast a rise in demand in 2013. Alcoa kicked off the US earnings season posting net income of $US242 million ($231.5m), compared to a $US193m net loss from the same...
Orbite sees steady market growth as demand intensifies
The price of alumina is expected to crest and stabilise at about $330/t by the end of the year, buoyed by strong demand from the construction and high-technology sectors, Quebec project developer Orbite Aluminae CEO Richard Boudreault believes. The alumina market is expected to expand by about 6% a...
China aluminium smelters agree higher price ratios for 2013 due to alumina supply worries
Aluminium smelters in China, the world's top producer and consumer of the metal, have agreed on higher ratios of metal prices next year to value purchases of the raw material alumina, spurred by worries of tighter supply at home. Deals for 2013 alumina imports were set at about 16.1 to 16.3 percent...
Alumina Outlook might get influenced by Indonesian SC’s ruling against a ban on bauxite exports
In May of this year the Indonesian Government imposed a ban on the export of unprocessed raw materials but this week the Supreme Court of Indonesia set aside the ban, meaning the government is no longer permitted to interfere with the mineral exports industry. This conflict between the Supreme...
Gas pressures put squeeze on alumina
The current state of Australia's natural gas markets is squeezing out investment opportunities for the Australian alumina refining industry - an industry that includes some of the country's largest users of natural gas. Responding to the release of the National Institute of Economic and Industry...
