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 at Lianyungang Port Will Continue to Face Downward Pressure
According to SMM's survey, alumina prices at port were between RMB 2,650-2,670/mt despite rising imported alumina prices in September. This is because increasing supply of alumina at port has curbed the big increase in prices. Traders told SMM that imported alumina at Lianyungang port were quoted...
China smelters to boost spot alumina imports in 2013
Reuters reported that China's aluminium smelters are expected to step up imports of spot alumina next year to skirt more expensive term deals. Industry sources said in a move that could boost spot prices of the raw material in Asia. Chinese smelters have received term alumina offers for 2013 at...
Alumina faces loss from its partner Alcoa
Alumina received no dividends from its joint venture partner Alcoa in the three months to September after the US company posted a third quarter loss of $US143 million ($A140.96 million). Melbourne-based Alumina's only earning asset is its 40 per cent stake in Alcoa World Alumina and Chemicals...
China alumina imports drop due to higher prices
Interfax-China reported that higher alumina prices overseas weighed on China’s imports of the aluminum ingredient in August and prices continue to rise on the back production cuts among major global players. Alumina imports August dropped 31.61% MoM to 35,035 tonnes show customs data released...
India's NALCO signs contract to sell 330,000 T alumina
India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term contract to export 330,000 tonnes of alumina for shipment in 2013 at 16.07 percent of the LME aluminium price on an FOB basis, the company sources said on Tuesday. The Singapore-based buyer will receive the alumina in...
China Imports 320,000 Mt of Alumina in August
According to China Customs, China imported 320,000 mt of alumina in August, up 811% YoY, but down 30% from July’s 460,000 mt. YTD imports from January through August were 3.24 million mt, up 192% YoY. SMM attributes monthly decline of alumina imports to falling domestic alumina prices and the fact...
Global demand for alumina expected to soar
The global demand for high-quality aluminium trioxide or high-quality alumina (HPA) is expected to soar by a yearly compounded growth rate of 52% over three years to 2015, a report said on Thursday. HPA project developer Orbite Aluminae had commissioned consulting firm Secor to undertake a study to...
2nd Asian Bauxite and Alumina Conference to be held in Singapore
Metal Bulletin and Industrial Minerals Events' upcoming 2nd Asian Bauxite and Alumina Conference is to be held from 30 October 2012 - 31 October 2012 in Singapore This is the premier event of its kind and will provide current, cutting-edge presentations to examine the challenges and opportunities...
Alumina Ltd. ratings lowered to 'BBB-'
On Aug. 29, 2012, Standard & Poor's Ratings Services lowered its ratings on Australian mining company Alumina Ltd. (Alumina) to 'BBB-', from 'BBB'. The outlook is stable. They view that the current trading conditions in the alumina and aluminum industries are more challenging than at the beginning...
Alumina swings to big interim loss
Alumina Ltd expects the short-term outlook to remain volatile, but flagged an end to China's control over aluminium prices after swinging to a big loss in the first half of the year. For the six months to June 30, Alumina posted a net loss of $14.6 million, compared to a $67.7 million net profit in...
Alumina cuts forecasts, shares down
Alumina Limited has cut its forecast output for alumina amid sustained low demand and prices, which pushed it to a net loss of $US14.6 million for the six months to June, equal to a loss of 0.6 US cents per share. The company has cut forecasts to 15.5 million tonnes from the annualized production...
Alumina Limited shares reveals a potential bearish trend
Analyzing the price chart for Alumina Limited has revealed a potential bearish inside day candle pattern. Yesterday's price range of $2.87 and $2.92 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower...
Alumina Ltd shares entered oversold territory
In trading on Monday, shares of Alumina Ltd entered into oversold territory, changing hands as low as $2.70 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is...
Alumina shares down 6.7% to $2.92
Alumina (NYSE:AWC) is one of today's worst performing low-priced stocks, down 6.7% to $2.92 on 1.2x average daily volume. Thus far today, Alumina has traded 412,000 shares, vs. average volume of 337,000 shares per day. The stock has underperformed the Dow (-6.7% to the Dow's -0.2%) and...
Alcoa earning estimates cut by Deutsche Bank
Alcoa Inc. saw its earnings estimates slashed Tuesday by Deutsche Bank Securities, which cited lower aluminum prices and production cuts. The downward revision comes two weeks ahead of the Dow component’s scheduled release of second-quarter results on July 9. Deutsche analyst Jorge Beristain wrote...
Alumina shares have the Lowest Forward P/E Ratio in the Aluminum Industry
Below are the three companies in the Aluminum industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to...
Research and Markets Research Report on China Alumina Industry
This 2012 Deep Research Report on China Alumina Industry is a professional and in-depth research report on the China Alumina industry. The report firstly defines the Alumina (AL2O3) industry development including history, classification and industry overview. The report then discusses Alumina...
Volatile economy brings Alumina Ltd share price down
The share price of Alumina Ltd ((AWC)) has returned to GFC lows in recent months, impacted by ongoing volatility in global equity markets, falling aluminium prices and a still strong Australian dollar. Even allowing for the recent share price falls Citi sees limited upside in Alumina Ltd at present...
