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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Resources sector leads the way as Australian shares recover
THE resources sector led a broad-based recovery in the Australian sharemarket yesterday, after China's Shanghai Composite continued to improve and Wall Street edged higher despite falls on European markets. Takeover activity helped the market, although some strategists warned of a challenging year...
Better outlook bolsters Alumina shares
ALUMINA has managed to avoid more share price savagery despite Alcoa, its partner in the AWAC global alumina alliance, confirming that the collapse in aluminium prices had resulted in a loss in the December quarter. Shares in the ASX-listed Alumina bounced 7.5¢ higher to $1.17 yesterday in response...
Alumina Limited : Alcoa 2011 4th Quarter Results
Alumina Limited notes Alcoa Inc's fourth quarter 2011 earnings announcement. Alcoa World Alumina & Chemicals' results for the quarter were impacted by lower aluminium and alumina prices and ongoing cost pressures. Alumina Limited CEO, John Bevan, commented, "The impact of the difficult market...
Australia Shares End Up 1.1%; Resources Lead Recovery
The resources sector led a broad-based recovery in the Australian share market Tuesday after China's Shanghai Composite continued to recover and Wall Street edged higher in spite of falls on European markets. Takeover activity helped the market, although some strategists warned of a challenging...
Bright aluminium mood lifts Alumina
Shares in Australia's Alumina have shot up after its joint venture partner Alcoa gave a positive outlook for aluminium demand. Melbourne-based Alumina's main asset is its 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), with Alcoa holding the other 60 per cent. Alcoa, the world's...
Aluminium likely to remain volatile in first half of 2012
Aluminium is likely to remain volatile in 2012. Intensifying economic concerns, coupled with the euro zone debt woes may keep the metal under pressure in the first half. In the second half, however, the light base metal is set to get support from a possible recovery in manufacturing and...
Fresh Allegations Emerge in RICO Lawsuit Against Alcoa
Aluminum maker Alcoa allegedly paid $5 million in bribes to the former chief executive of Bahrain’s state-owned aluminum company and ten million of dollars in bribes to a former Bahrain official as part of scheme to land contracts at inflated prices, according to a new court filing in a...
Alumina is Among the Companies in the Aluminum Industry With the Highest Dividend Yield (AWC, KALU, NOR)
Below are the three companies in the Aluminum industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains. Alumina (NYSE:AWC) is highest with a dividend yield of 4.5%. Alumina Limited is an Australian resource company that...
A Shandong Alumina Factory with Half Production
An alumina factory in Shandong started to reduce production from this month on, after reduction just 50% of the total production ability. According to the principal of the company that they turned raw oil production line into aluminium hydroxide production line to control enterprise profits owing...
Small Alumina Producers in Henan Switch to Aluminum Hydroxide Production
According to a recent SMM survey, alumina producers with capacity below 100,000 mt in Henan Province gradually switch to production of aluminum hydroxide, since falling alumina prices reduce their profit margins while aluminum hydroxide prices remain stable. According to SMM statistics, non-CHALCO...
Alumina Import and Export Analysis in Qinghai Province 2011
In 2011 alumina import on a declining curve in Qinghai Province. First of all, with the improving alumina deliverability in domestic leads to less import demand. From January to July, China alumina output reached to 20,460 thousand tons increased 18.9%, at the same period production of electrolytic...
China Alumina Imports Increase Significantly in 4Q 2011
According to China Customs, China imported 230,000 mt of alumina during November, down 16% YoY. Total alumina imports from January to November were 1.68 million mt, down 57% YoY. China’s alumina imports fell continuously in the first three quarters of 2011, but began to grow noticeably in 4Q 2011....
Alumina Price Cut May Squeeze Earnings
Aluminum Corp. of China Ltd.’s cut of alumina prices may reduce its profit by about 300 million yuan ($47 million) a year, BOCOM International Holdings Co. said. The nation’s biggest producer of aluminum, also known as Chalco, set its alumina price at 2,800 yuan per metric ton, according to a...
Chinalco Lowers Alumina Prices by 6.7% to CNY2800/Ton
Chinalco has lowered its alumina prices by 6.7% to CNY2800/Ton, the company said on Thursday. Analysts said the price cut likely indicates a bearish outlook for the aluminium industry from the country’s largest aluminium producer due to global economic uncertainty and a lack of clarity on the...
Alumina Makes a Move: Up 10.9%
One of today's stocks on the move is Alumina (NYSE:AWC), up 10.9% to $5.40. The S&P is trading higher by 3.1% to 1,195 and the Dow is trading 2.7% higher to 11,540. In the past 52 weeks, Alumina share prices have been bracketed by a low of $4.86 and a high of $11.46 and are now at $5.40, 11% above...
China's alumina imports jump to eight-month high
China’s alumina imports jumped in October to levels not seen since February as higher domestic prices nearly erased the gap with London Metal Exchange prices. Alumina shipments totalled 261,350 tonnes in October, compared with 80,421 tonnes in September, according to customs data today.
Shares of Alumina Under Pressure, Down 1.7%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 1.7% to $5.94. The Dow Jones Industrial Average is now trading 0.2% higher to 12,104 and the S&P is trading 0.3% higher to 1,255. Alumina share prices have moved between a 52-week high of $11.46 and a 52-week low of $5.15 and are...
Shares of Alumina Under Pressure, Down 4.8%
Alumina (NYSE:AWC) is one of today's notable stocks in decline, down 4.8% to $6.11. The Dow is down 2.1% to 11,920 and the S&P is currently down 2.3% to 1,247. Over the past year, Alumina has traded in a range of $5.15 to $11.46 and is now at $6.11, 19% above that low. The 200-day and 50-day moving...
