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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Material Matters: Thermal Coal, Iron Ore, Palladium, And Alumina
... Goldman Sachs notes a recent recovery in primary aluminium production has driven an equally sharp improvement in demand for metallurgical grade alumina. The stockbroker estimates demand in 2010 was 87.6 million tonnes, forecasting this will increase to 111.2 million tonnes in 2015. ....
Material Matters: Thermal Coal, Iron Ore, Palladium, And Alumina
... Goldman Sachs notes a recent recovery in primary aluminium production has driven an equally sharp improvement in demand for metallurgical grade alumina. The stockbroker estimates demand in 2010 was 87.6 million tonnes, forecasting this will increase to 111.2 million tonnes in 2015. ....
China demand boosts Alumina outlook
...ALUMINA has returned to profitability on a $US57 million ($A56.6 million) turnaround and China's insatiable demand for the commodity is set to push prices higher. Alumina posted a $US34.6 million full-year profit compared to a $US23.7 million loss in 2009. Underlying earnings were $US37 million...
Alumina back in the black as growth returns
...THE world's largest seller of alumina roared back to profit in 2010, with Alumina Ltd turning 2009's $US26 million loss into a $US35m net profit as the commodity started to loosen its tether to the price of aluminium...
HIGHER TRADING RANGE ABOVE $9.93 DETECTED FOR SHARES OF ALUMINA (AWC)?
... Alumina (NYSE:AWC) traded in a range yesterday that spanned from a low of $9.86 to a high of $10.04. Yesterday's high of the day pierced the 3-day high of $9.93 on volume of 234,000 shares. ....
Sell Nalco - Motilal Oswal
... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...
Sell Nalco - Motilal Oswal
... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...
Asia Pacific alumina stable despite further rise in metal futures
... The price of alumina was rangebound in the Asia Pacific Wednesday at $382/mt FOB Australia, unchanged from Tuesday. Platts' Australian alumina price benchmark was up $1/mt on the week and $10/mt from a month ago, ...
Alumina export volumes drop 18% to lowest in decades
...ALUMINA export volumes declined by 17.8 per cent from year-earlier levels in 2010 and at 1.57 million tonnes was the lowest level in decades. What's more, even though aluminium prices — which alumina prices trend after -- tracked higher in 2010 than in 2009, earnings may have still been slightly...
Alumina Limited (NYSE: AWC) Posts Large Volume Increase, Hits $9.93
... Shares of Alumina Limited (NYSE: AWC) saw unusually high trading volume on Tuesday. Approximately 1,581,927 shares changed hands during mid-day trading, an increase of 285.24% from the previous session. The stock last traded at $9.93. ...
Buyers Accumulating Shares of Alumina on 1.9x Above-Average Volume (AWC)
... Shares of Alumina (NYSE: AWC) are trading up 2.7% to $10.05 today on above average volume. Approximately 703,000 shares have traded hands today vs. average 30-day volume of 361,000 shares. ....
***MB ALUMINA INDEX: $383.67: Jan 14
... ... MB's fob Australia alumina index moved up to $383.67 per tonne on January 14 from $369.93 previously. Deals covering around 70000 tonnes of. ...
SMARTREND'S TREND SPOTTER SEE CONTINUED UPWARD MOMENTUM ON SHARES OF ALUMINA (AWC)
...SmarTrend identified an Uptrend for Alumina (NYSE:AWC) on December 10, 2010 at $8.70. In approximately 1 month, Alumina has returned 12.8% as of today's recent price of $9.81...
Investors take cue to ditch Alumina shares
... ALUMINA, the minority partner in the Alcoa World Alumina & Chemicals group, has disappointed investors with its quarterly profit share from the joint venture. ... The figures showed Alumina received $US97 million of fully franked dividends fromAWAC during the quarter, bringing the total for the...
AWAC profits weigh on Alumina
... Alumina Ltd has a 40 per cent stake in AWAC, the world's largest producer of alumina, with US giant Alcoa holding the remaining 60 per cent. ... Alumina received $US97 million ($A97.55 million) of fully franked dividends from AWAC during the quarter, bringing the total dividend received for the...
Alumina Limited (NYSE: AWC) Given “Neutral” Rating by Zacks Investment Research Analysts
...Equities research analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Alumina Limited (NYSE: AWC) in a research note to clients and investors on Monday. Separately, analysts at RBC Capital (NYSE: RY) upgraded shares of Alumina Limited from a “hold” rating to a “buy”...
Asia alumina freight rate drops 8% on week during holiday lull
... The cost of freight for alumina and other dry cargoes on handysize ships continued to weaken Tuesday within the Asia Pacific, ... It will now cost $24/mt to ship 30,000 mt of alumina from Bunbury and Kwinana in Western Australia to Qingdao in northern China, if the cargo were to be lifted in...
RUSAL prices alumina using spot index from now on
...Russian aluminum producer RUSAL has priced all of its alumina deals using an index based on the spot market since June, and will continue to do so from now on, said its international alumina chief. In a recent interview with Reuters, Aleksey Gordymov Commercial Director of United Company RUSAL's...
