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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S&P places Alumina Ltd. 'BBB' rating on watch negative
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. If these conditions persist, we expect Alumina Ltd.'s credit metrics to weaken to levels below our expectation for the 'BBB' rating. We...
Alumina Seen Declining 12% in 2012 as Aluminum Demand Declines
Alumina may average $339 a metric ton this year, 12 percent less than in 2011, as world aluminum production slows, according to Australia’s Bureau of Resources and Energy Economics. Output in Australia may climb 12 percent 22.9 million tons in the year to June 30, 2013, as Rio Tinto Group’s...
China Alumina Output at 38.31 Million Mt in 2011
Aluminum Corp. of China Ltd. (CHALCO) released 2011 earnings report on March 17. According to the report, China’s alumina output was about 38.81 million mt in 2011, up 24.4% YoY, while aluminum demand was about 39.04 million mt, up 10.5% YoY. China’s alumina imports were 1.88 million mt in 2011,...
China Alumina Capacity Will Hit 54,490 Thousand Tons 2012
Owing to decelerated global economic growth expected that ocean freight was unlikely to rise, while most of alumina importers in China had signed long-term cooperative agreements with mines, so prices were kept stable. But when faced with tight bauxite resource, FOB price of imported bauxite may...
India's NALCO sells 30,000 T alumina at $323/T
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina at close to $323 a tonne free-on-board via a tender, a senior company official told Reuters. The alumina, which will be shipped this month, was purchased by a European trader, Nalco's commercial director Ansuman Das...
Imported Alumina Increased 41.2% in Shandong in Jan.
Shandong Province imported 119 thousand tons of alumina in January decreased 15.2% yoy while increased 41.2% on a monthly base, this data was the highest record since 12 months. It valued 38,290 thousand dollars dropped 26.6%, average import price was 321.5 dollars per ton that dropped 13.5% yoy...
Alumina Cautions On Volatile Prices In 2012 After Profit Jump
Alumina Ltd. (AWC.AU), a partner in the world's largest producer of the key ingredient in aluminum, Thursday cautioned that prices are likely to remain volatile in 2012 after falling sharply toward the end of last year and even as the industry cuts smelting capacity. The Australian company said its...
Alumina FY profit surges 266%
Alumina Limited (ASX:AWC) has posted a large increase in yearly profit thanks to higher alumina and aluminium prices and production, but warns its outlook for the year is volatile. For the year to December Alumina posted a profit 266 per cent higher than the previous corresponding period. The group...
Australia's Alumina to Double Exposure to Index Prices
Australia's Alumina Ltd expects to double its exposure to spot index pricing of alumina by the end of 2012, the company said on Thursday after reporting 2011 net profit more than tripled. Alumina holds 40 percent of Alcoa World Alumina & Chemicals (AWAC), the world's largest alumina business, with...
Alumina profit surges in FY
Alumina Ltd has warned its outlook for 2012 is volatile, despite posting a big jump in annual profit for 2011. The near fourfold surge in profit comes on the back of higher production, along with stronger alumina and aluminium prices. For the full year to December 31, Alumina posted a net profit of...
Norsk Hydro Sees Stable Alumina Market In First Quarter 2012
The global alumina market is expected to stay fairly stable for the first quarter of 2012, Norwegian producer Norsk Hydro ASA (NHY.OS) said Thursday, with prices trading around $305 a metric ton by the end of 2011. The producer said the ramp-up of new primary metal production capacity was a key...
Alumina profit jumps, outlook cautious
Alumina Ltd has delivered a near fourfold surge in full year net profit on the back of higher alumina and aluminium prices and production, but says it has a cautious outlook for 2012. Net profit for the 12 months to December 31 was $US127 million ($A119.16 million), up from $US35 million ($A32.84...
Alumina Import Boosted in January
Alumina import volume reached to 450 thousand tons in Jan. China, increased 37% yoy. According to the survey of SMM, owing to alumina price dropped abroad and RMB exchange rate rose that the price of imported alumina still more competitive compared with domestic alumina price. On 13th February,...
India's NALCO sells 30,000 tonnes Alumina at $324/T
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina for about $324 a tonne free-on-board via a tender, a senior company official said on Thursday. The alumina to be shipped next month was purchased by a Hong Kong-based trader, Ansuman Das, commercial director at NALCO,...
Shares of Alumina Under Pressure, Down 1.6%
Alumina (NYSE:AWC) is one of today's notable stocks in decline, down 1.6% to $5.40. The S&P is trading lower by 0.2% to 1,310 and the Dow is trading 0.4% lower to 12,603. Alumina share prices have moved between a 52-week high of $11.46 and a 52-week low of $4.47 and are now trading 21% above that...
SADIF Analytics upgraded Alumina Limited (ADR) to Average
SADIF Investment Analytics, announces a new Rating Update Report covering Alumina Limited (ADR) (AWC). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential Alumina Limited (ADR) investor. Report Summary: Alumina Limited (ADR)...
SADIF Analytics upgraded Alumina Limited (ADR) to Average
SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to Alumina Limited (ADR) and produced a Rating Update Report, rating the company's attractiveness to long-term investors. Ilhavo, Portugal – SADIF Investment Analytics, announces a new Rating Update Report covering Alumina...
Growing Competition for Natural Resources Leads to Daily Pricing for Alumina
We've all heard the lines about increasing global competition for natural resources. The world is not the same as it was ten or even five years ago. New sources of demand have emerged for oil, iron, copper and natural gas. And competition for all of these resources has become fiercer. This isn't...
