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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Rising alumina prices squeeze profit at Chinese aluminium smelters, SMM says
<p>Rising alumina prices and falling aluminium prices have reduced profit at Chinese aluminium smelters, SMM learned.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/alumina.jpg" alt="News"...
Asia alumina: Australia, China strengthened by smelting rates
<p>The Australian alumina market firmed marginally Thursday, driven by a new surge in China’s domestic alumina prices and increasing smelting rates. Platts Australian alumina daily assessment rose 50 cents/mt day on day to $230/mt FOB Thursday, and was up $1.50/mt week on week.<br /><br />The...
More gains forecasted for China alumina prices
<p>Alumina prices in major China markets have been rising steadily over the last few weeks and the Bull Run will likely continue, predicted Shanghai Metals Market.<br /><br />As per SMM survey, trading activity has turned active. There are few large aluminium smelters that are yet to join the...
CBIX steady, Chinese alumina prices creeping higher
<p>Bauxite prices CIF China were mostly stable over the week, with CBIX up 0.3 per cent (US$0.1/dmt), closing at US$47.3/dmt. Malaysian cargos are re-appearing in the market, despite the mining ban still being in place, and at price points similar to those pre-ban. We're forecasting a higher...
Alumina price rise continues, but will it sustain? SMM doubts
<p>Alumina is on an uptrend across major Chinese markets. However, analysts at the Shanghai Metals Market (SMM) warn it is too early to rejoice. According to them, the recent price gains are being driven mainly by the alumina refineries holding back alumina stocks and traders coming in numbers with...
Alpart restart will put downward pressure on alumina prices, says consultant
<p>Noted Jamaican aluminium industry analyst Terece Muir, who is currently working with CRU Analysis, opined that the plans drawn by the Chinese firm Jiuquan Iron and Steel Company (JISCO) for its recent buy- Alpart alumina refinery stand to raise concerns about the likely impact of the plant's...
Alumina prices likely to hold their ground in H2 2016
<p>China alumina prices, which have been on a downward track over the last few months, are unlikely to deteriorate further in the second half of the current financial year, analysts at the Shanghai Metals Market expect.<br /><br />Presently, the Chinese alumina market is in a demand-supply balance...
Alumina H1 profit plummets amid tough market conditions
<p>Alumina Ltd. ended the first half of 2016-17 financial year on a glum note. The dual-listed mineral company's H1 net profit went down to $US7.8 million ($A10.2 million) from $US122 million same period previous year, amid high market volatility. <br /><br />The financial result for the period...
Chinese alumina rises further on strong sentiment, higher offers
<p>Chinese spot alumina prices firmed further Tuesday as market sentiment remained strong and offer levels continued to rise, sources said.<br /><br />The Platts ex-works Shanxi alumina price stood at Yuan 1,840/mt ($276/mt) full cash terms, up Yuan 40/mt from Monday, and up Yuan 90/mt week on week...
CME Group to launch two alumina futures contracts next month
<p>In a move to boost its rivalry in base metals trading against the London Metal ‎Exchange (LME), the oldest and largest market for industrial metals, Chicago-‎based CME Group, one of the world’s paramount exchange ‎operators, today said it will launch two aluminium futures...
Weekly bauxite price index in China up 2.3% closing at US$47.2/dmt
<p>CBIX rose 2.3 per cent (US$1/dmt), closing at US$47.2/dmt for the week on the back of higher priced cargos from Brazil and Australia (ViU-adjusted). Also of note last week was another cargo arriving in China from Montenegro, illustrating the continuing push from Chinese refiners to diversify...
China Hongqiao Group targets alumina self-sufficiency by 2017 end
<p>The world's largest aluminium producer China Hongqiao Group posted 21 per cent increase in profits in the first half of the current financial year. <br /><br />Referring to the Construction sector as the biggest growth driver for domestic aluminium demand, CEO Zhang Bo said, aluminium capacity...
CBIX retreats 2.7% to close at US$46.9/dmt
<p>CBIX retreated 2.7 per cent (US$1.3/dmt) over the week, closing at US$46.9/dmt. The fall signalled the return of some Malaysian bauxite to the Chinese market, which is typically priced lower (on a value-adjusted basis) than cargos from other countries. Malaysia’s return weighed heavily on...
Asia alumina: Australia range-bound despite stronger LME aluminium
<p>The Platts Australian alumina daily assessment at $234/mt FOB on Monday was unchanged from Friday, despite a steep rise in LME aluminium in the last two days.<br /><br />There have been rumblings of renewed interest in China for October shipments, with buyers guidance at $235-$240/mt CIF...
CBIX dropped 2.8% (US$1.4/dmt) last week of July, closing at US$48.1/dmt
<p>CBIX dropped 2.8 per cent (US$1.4/dmt), closing at US$48.1/dmt for the week due to two lower ViU cargos from Malaysia re-entering the Chinese market. This is despite a further extension of the Malaysian mining ban, by two months, to September 15th.<br /><br />Malaysian FOB prices remain...
Bauxite prices CIF China up by 0.3% over the week ending 22 July closing at US$49.5/dmt
<p>CBIX steady Value-In-Use adjusted bauxite prices CIF China rose marginally over the week, up by 0.3 per cent (US$0.2/dmt), closing at US$49.5/dmt. Prices for bauxite originating from Australia’s Gove mine pulled back slightly, offset by higher priced material from Weipa and Brazil....
Hydro reports a drop in underlying EBIT for Bauxite & Alumina segment
<p><span>Norsk Hydro Q2 2016 results reported an increase in underlying EBIT on higher prices and sales volumes.</span><br class="jx_ui_Widget" /><br class="jx_ui_Widget" /><span>However, underlying EBIT for Bauxite & Alumina segment decreased in comparison to Q1. There were a number of...
Bauxite prices track higher, Chinese alumina prices track lower
CBIX rose 3.5 per cent (US$1.7/dmt) over the week, to close at US$49.4/dmt. Higher ViU-priced cargos originating from Guinea and Australia were offset marginally by lower ViU priced cargoes from Brazil and Malaysia, resulting in a net increase to the price. Guinean material is now consistently...
