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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Australian alumina rangebound; China slips to Yuan 2,780/mt
The Australian alumina spot price continued at $340/mt FOB on Tuesday, unchanged from Friday, as spot activity remained sparse. Platts did not assess the market on Monday, November 7, as Singapore was closed for a national holiday. The market is "dead quiet," a European trade source said. "We...
Alumina Makes a Move: Down 5.7%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 5.7% to $6.26. The Dow is down 1.2% to 12,090 and the S&P is currently down 1.3% to 1,269. Potential upside of 43.8% exists for Alumina, based on a current level of $6.26 and analysts' average consensus price target of $9.00. The...
Chinese alumina imports seen to surge from October
China's alumina imports are set to jump further after more than doubling in September as higher domestic prices nearly erase the gap with London Metal Exchange prices.
Government fixing IMF hitch
Prime Minister Bruce Golding is reporting that the Jamaica Government is now closer to divesting its shares in Clarendon Alumina Production.(CAP) The divestment is a key commitment the Jamaica Government made in the Stand-by agreement with the International Monetary Fund (IMF). Aluminium Giant UC...
Alumina Makes a Move: Up 7.6%
Alumina is one of today's notable stocks on the rise, up 7.6% to $6.34. The Dow is up 0.8% to 11,027 and the S&P is currently up 1.0% to 1,156. Alumina has potential upside of 42.0% based on a current price of $6.34 and analysts' consensus price target of $9.00. The stock should find initial...
ALUMINA SCENARIO
NALCO CMD Shri B.L. Bagra,mentioned the following points about Alumina at the 30th Annual General Meeting, held at Corporate Office on 29th September 2011. The global aluminium industry in 2010 was affected by diverse multifaceted economic, political, structural and fundamental factors that had a...
Shares of Alumina Under Pressure, Down 3.3%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 3.3% to $5.32. The S&P is trading lower by 0.3% to 1,133 and the Dow is trading 0.2% higher to 10,795. Alumina (NYSE:AWC) has potential upside of 66.9% based on a current price of $5.39 and analysts' consensus price target of...
Australian alumina falls on LME aluminium sinking to 2011 lows
The Asia Pacific alumina market dropped $3 day-on-day Friday to $366/mt FOB Australia, dragged by a week of continuous losses in LME aluminium to record lows for 2011. Platts Australian alumina price benchmark was down $3/mt compared with a week earlier, also slipping $1/mt in the last month. On...
Chinese aluminium smelters to keep low term alumina imports
China's aluminium smelters may keep imports of raw material alumina under yearly contracts low next year as prices rise and domestic production increases, industry sources said on Tuesday. Term alumina to China for 2012 shipments is being indicated at about 15.5 to 16 percent of the price of...
ALUMINA SHARES DOWN 24.1% SINCE SMARTREND SAID SELL (AWC)
SmarTrend identified a Downtrend for Alumina (NYSE:AWC - Snapshot Report) on August 04, 2011 at $8.13. In approximately 2 months since that trend was identified, Alumina has fallen 24.1% as of today's recent price of $6.17. In the past 52 weeks, shares of Alumina have traded between a low of $6.15...
Australia 2011-12 Alumina exports expected up
The value of commodities exports from Australia will climb 21% in the coming financial year to A$214.76 billion as increased production meets higher prices despite fears for the global economic outlook, the country's Bureau of Resource and Energy Economics, or BREE, reported Tuesday. Export volumes...
Alumina price mechanism to change in near future
The alumina price mechanism is facing challenges from the spot market. Now that iron ore, which has a 40-year tradition of long-term prices,has switched to the spot market this year,alumina will follow suit in the near future. Former President Jiang Zeming,had conveyed that "China can grow fast...
Alumina case to be ruled on this week
One of Shannon’s biggest employers faces a major financial blow this week if the European Court of Justice rules against it. The court will consider whether Aughinish Alumina should be forced to pay back 19 years of reduced duties on mineral oils, which are used in the production of alumina.
Chinese Aluminum Producers have weak voice in Pricing Aluminum Oxide
Chinese aluminum producers have a weak voice in pricing aluminum oxide, an official of a Chinese aluminum smelting company said on Thursday. Wang Xiaodong, general manager of Henan Shenhuo Aluminium Co.Ltd, said it is because alumina refineries are usually large in scale. While attending an...
Inalum Alumina Raw Material Supply
PT Indonesia Asahan Aluminium (Persero) or Inalum will potentially reduce, even stop the import of raw material alumina, as the government plans to impose disincentives for non-renewable natural resources in 2014.
Norsk Hydro: Alumina Index Accepted More Quickly Than Expected
Acceptance of the new index-based method for pricing alumina has been speedier than anticipated, a senior executive at Norsk Hydro ASA (NHY.OS) said Wednesday. Simon Storesund told Dow Jones Newswires in an interview that the company, which has between 3 million and 4 million metric tons of alumina...
Alumina Limited : 2011 Shareholder Half Year Update
We are pleased to report to you on Alumina’s improving earnings during 2011 and the increased interim dividend payable to shareholders. Earnings growth driven by higher realised alumina prices and solid operational performance Alumina’s underlying earnings in the half year to June 2011 increased to...
Rusal’s Kirkvine refinery restart delayed as alumina tags fall
The restart of United Co. Rusal’s idled Kirkvine alumina refinery has been postponed, with several market participants speculating that a restart is unlikely to happen this year due to an oversupply of alumina and falling prices.
