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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Chalco raised the ex factory price of alumina to CNY 2,900 per tonne
CapitalVue reported that Aluminum Corporation of China raised the ex factory price of alumina to CNY 2,900 per tonne an increase of 3.6% from several days ago. According to the company, policy changes on Indonesian alumyte impacted on supplies of the metal and Chalco has now decided to carry out...
Alumina Ltd Dividend Under Threat
The near-term operating environment for Alumina is difficult, as overcapacity is driving down prices, aluminium inventories are at near record levels and capacity closures haven't yet been enough to tighten up the market. In JP Morgan's view this tough near-term outlook for Alumina Ltd should not...
Alumina Ltd. possesses 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 be....
Alumina prices surge on bauxite tariff
The ex-factory price of alumina from Aluminium Corporation of China Limited (CHALCO),China's largest producer of the metal, rose to 2,900 yuan ($455.33) per ton Friday, up 3.6 percent compared with the previous day. The company claims that its bauxite supplies have been affected by Indonesian...
Chalco's alumina price hike fails to solve profit issues
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, raised its spot price for alumina by 3.6 percent but the news failed to offset concerns that a production cut will hit its earnings, sending its shares lower on Friday. Chalco raised the price of alumina, the key material for...
SDK to Raise Prices for Aluminum Hydroxide and Alumina
Showa Denko K.K. (SDK) has decided to increase its prices for aluminum hydroxide and alumina, and started discussions with customers. Specifically, the price for aluminum hydroxide is to be raised by US$90/m.t. or more as from shipments on June 1, 2012; the price for alumina by US$130/m.t. or more...
Nickel, gold and alumina royalties are expected to be $90 million higher in 2015-16
Nickel, alumina and gold producers face a $90 million hit following the State Government's move to revamp WA's royalty regime in yesterday's Budget. As base metals prices tank, the Government flagged a series of changes designed to lift royalty revenues back to their intended levels. Treasurer...
Alumina: The Losing Streak Continues (AWC)
Alumina is going through a continuous losing streak. Alumina is traded at a new 52-week low today of $3.75. This new low was reached on above average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 361,000 shares. In the past 52 weeks, shares of...
LME aluminium struggles at USD 2,100/mt but spot aluminium prices could rise above RMB 16,200/mt: SMM Aluminum Price Forecast
Spot aluminum stocks did not increase following the May Day holiday. Due to transportation delays, aluminum stocks dropped in Guangdong. Domestic alumina prices climbed due to rumors of Indonesian export restriction, which in turn helped aluminum prices rebound. The most active SHFE aluminum...
Alumina still cautious on demand and pricing
Alumina says pricing and demand will remain subdued in 2012, as the high Australian dollar continues to put the company under pressure. Addressing shareholders at Alumina's annual general meeting in Melbourne, chief executive John Bevan spoke cautiously about the short-term outlook. "2012 has...
S&P affirms Alumina Ltd. Ratings off watch; outlook is negative
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. We affirmed the 'BBB' rating on Alumina and removed it from CreditWatch negative, as we expect that Alcoa World Alumina and Chemicals (AWAC)...
India's NALCO sells 30,000 T alumina at $325/T
Indian state-run National Aluminium Co Ltd has sold 30,000 tonnes of alumina at about $325 a tonne free-on-board via a tender, a senior company official said on Friday. The alumina, which will be shipped next month, was bought by a European trader, Commercial Director Ansuman Das said. NALCO, whose...
Alcoa will reduce annual Alumina production capacity in atlantic region
Alumina Ltd : * Going forward, Alcoa world Alumina & chemicals will reduce annual Alumina production capacity in atlantic region by around 4% * Awac's production of Alumina for the first quarter was 4 million tonnes * Awac's results for Q1 continued to be impacted by lower aluminium and Alumina...
China’s Alumina Imports Grow 65.8% in first Quarter
According to China Customs, China imported 440,000 mt of alumina in March, up 230.83% YoY. Total imports from January to March were 1.16 million mt, up 65.8% YoY. There are two reasons behind growing alumina imports in 1Q 2012. First, Western Australian alumina prices remained weak, and FOB prices...
China alumina prices rise and imports seen up - Trade
Reuters reported that China's spot alumina prices rose 2% in March due to expectations that domestic production will fall in the H2 of the year prompting aluminium smelters to look for imports. Traders and sources at smelters said that China is the world's top producer of aluminium and alumina....
Global Alumina Releases Year-End 2011 Results
Global Alumina Corporation CA:GLA.U +7.89% (the "Company" or "Global Alumina"), a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced its financial and...
Alumina's credit rating under scrutiny
S&P has placed Alumina's BBB credit rating on a negative watch, after the average aluminium price dropped by almost 20 per cent in the first three months of 2012. "The credit watch placement reflects our concerns that current challenging trading conditions could weaken Alumina's financial metrics...
China blamed for Rio aluminium decision
RESOURCES giant Rio Tinto's decision to scrap plans for a $US2 billion ($A1.92 billion) aluminium smelter in Malaysia has been blamed in part on China over-supplying the market. While Rio blamed the move on problems with agreeing on power supply terms, analysts also cited China's policy of...
