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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Increased smelter buying to check current alumina price fall in China
<p>Alumina price decline in major China markets is expected to slow down as current low prices are attracting increased buying, observe market watchers. While the volatility is hurting bottom lines of the alumina refiners, aluminium producers in China are reaping higher profits from the reduced...
WA’s mineral sales volume up in 2016, alumina remains flat
<p>Western Australia’s mineral and petroleum industry has reported sales of A$94.8-billion in 2016, which registers an increase of A$3.4-billion YOY. The largest chunk of sale has been contributed by iron ore, nickel and petroleum sector. </p> <p><img style="vertical-align: middle;...
Week in Review: Alumina prices prove a bane for Century, Vedanta and Alumina
<p>The week ended February 25 saw many major aluminium producers, with and without integrated operations, losing their last quarter or full year margins to alumina prices. <strong>Alcoa's Australian partner Alumina Limited</strong> who reported full year result for 2016 on February 23, registered a...
Higher alumina prices could dent Century Aluminum’s Q4 2016 results
<p>Century Aluminum is projected to post profits in its fourth quarter of 2016 fiscal year. According to the consensus estimates compiled by Thompson Reuters, analysts expect the North American primary aluminium producer to post adjusted earnings before interest, tax, deductions and amortization...
Macquarie upgrades Alumina Ltd to outperform
<p>Macquarie has upgraded Alumina's recommendation from neutral to outperform and increased its price target by 35% to $2.30, implying upside of 20% to the company's current trading range.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
Alumina drives Alcoa’s revenue for Q4; strong demand growth for alumina projected in China
<p>Alcoa Corporation reported its fourth quarter 2016 results on January 24 and despite net loss, the results reflect profit growth at the combined segment level. Alcoa reported 9% sequential growth in its Q4 revenue of $2.5 billion. The revenue growth was driven by higher alumina pricing to...
Alcoa reports 9% revenue growth in Q4; full year 2016 revenue drops 17%
<p><span id=":bc.co" class="tL8wMe EMoHub" style="text-align: left;" dir="ltr">Alcoa Corporation, a global leader in bauxite, alumina, and aluminium production reported fourth quarter 2016 results on Tuesday, January 24, registering profit growth at the combined segment level and an improved cash...
Outlook 2017: Where is alumina headed after ending in a supply deficit in 2016?
<p>Alumina enters 2017 on a positive note. Its price advance last year was ahead of other commodities in the aluminium value chain, and the growing demand from China and Middle East aluminium makers suggests that those gains may be sustained this year as well.</p> <p>{newsStudioGallery}</p> <p><br...
China alumina production to rise supported by domestic demand
<p style="text-align: left;">As per preliminary production data released by Shanghai Metals Market in their latest survey report, China's alumina output in December rose 17.4 per cent year-over-year to total at 5471 thousand tonnes. This was higher by 4.28 per cent from the November output volume...
Integrated aluminium companies to benefit from rising alumina prices
<p>Alumina prices driven by growing Chinese demand and tight supply climbed significantly to touch US$351 per tonne in 2016- the highest in the last two years. The price graph picked up momentum from August onward with the upturn in all commodity prices. According to the commodities forecast,...
Alumina and LME aluminium price divergence to continue in 2017
<p>Global alumina prices have risen steadily since late September in 2016 on the back of raw material restocking by the smelters in China where the commodity prices in the domestic market have also witnessed a steep rise, driven by strong demand, refinery closures (on alleged environmental laws...
CBIX steady, Malaysian ban extended for a fourth time
<p>CBIX gained US$0.6/dmt (1%) to US$50.8/dmt with higher ViU-priced cargos from Australia more prominent. As we foreshadowed, Malaysia again extended its mining ban, for another three months (to end-March 2017), with reports of nearly three million tonnes of stocks still needing to be cleared...
Alumina price touches two-year high at US$351/t in 2016
<p>Alumina prices, buoyed by the China factor, climbed significantly to touch US$351 per tonne in 2016- the highest in the last two years. The price escalation which started in January 2016, after a few months' initial volatility, picked up momentum from August onward. Since then, the commodity...
Rewind 2016: Top headlines of the global alumina industry
<p>2016 has been a reasonably good year for alumina. The commodity, unlike other components in the entire cyclical asset basket, witnessed a sustained demand push all through, thanks to a global deficit market and prices kept rising supported by supply concerns arising mainly out of China. There...
Chinese domestic alumina prices nudges higher, with the north index up 0.6%
<p>CBIX eased US$0.4/dmt to US$50.3/dmt for the week on the back of lower Value in Use (ViU) priced Solomon Islands material countering higher priced imports from Brazil and Australia. News from Malaysia reports exports from Kuantan now moving to help clear stocks, but sentiment on ground suggests...
CBIX flat, alumina up, freight mixed
<p>CBIX remained flat over the week, closing at US$50.7/dmt with higher Value-in-Use (ViU)-priced material from Australia and Brazil balanced by some lower ViU-priced ore from Malaysia and India making a re-appearance. Malaysian material trickled into China at US$27.5/dmt FOB un-washed and...
Nalco to see better days with rising alumina prices
<p>National Aluminium Company (Nalco), the world's second lowest cost producer of alumina, will benefit from the rising alumina price. Global alumina benchmark price has risen around 14% over the past month and 30% in three months. This should boost the company's December quarter results. <br /><br...
CBIX down, alumina steadies, freight up
<p>CBIX fell 1.7% (US$0.8/dmt) to US$46.7/dmt with low Value in Use (ViU) priced Malaysian ore weighing on the week’s average, despite cargos of higher ViU ore from Guinea and Brazil. Malaysian prices remain unmoved on US$27.5/dmt FOB for un-washed ore and US$39.5/dmt FOB for washed...
