Impact Minerals plans staged 4,000-tpa HPA production in US
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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Chalco to cut aluminium oxide output
Aluminium Corporation of China Ltd, known as Chalco, said on May 31 that it will lower its aluminium oxide production by 1.7 million tons this year due to Indonesian export restrictions on the raw material bauxite. The reduction represents 15.44 percent of China's production of aluminium oxide, the...
Alumina prices surge on bauxite tariff
The ex-factory price of alumina from Aluminium Corporation of China Limited (CHALCO),China's largest producer of the metal, rose to 2,900 yuan ($455.33) per ton Friday, up 3.6 percent compared with the previous day. The company claims that its bauxite supplies have been affected by Indonesian...
China's top five alumina producers to cut output from June
Five major Chinese alumina smelters have jointly called on local peers to reduce output by 10% from June, in the hope of stabilizing the market. The move aims to “reduce risks for alumina producers, and to maintain normal operations of the industry”, according to a statement on an official industry...
Chalco's alumina price hike fails to solve profit issues
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, raised its spot price for alumina by 3.6 percent but the news failed to offset concerns that a production cut will hit its earnings, sending its shares lower on Friday. Chalco raised the price of alumina, the key material for...
SDK to Raise Prices for Aluminum Hydroxide and Alumina
Showa Denko K.K. (SDK) has decided to increase its prices for aluminum hydroxide and alumina, and started discussions with customers. Specifically, the price for aluminum hydroxide is to be raised by US$90/m.t. or more as from shipments on June 1, 2012; the price for alumina by US$130/m.t. or more...
Alcoa makes 390kt/y production cut
Alcoa has cut its alumina production capacity by approximately 390kt/y as a result of recent smelter cutbacks. The cuts will reduce Alcoa’s refining capacity in the Atlantic region by about 4% and are already underway. The Atlantic region represents about 50% of its total global refining capacity...
MarketAark publishes 2012 Deep Research Report on China Alumina Industry
MarketAark : announces report of 2012 Deep Research Report on China Alumina Industry Summary 2012 Deep Research Report on China Alumina Industry was professional and depth research report on China Alumina industry. The report firstly introduced Alumina (AL2O3) industry development history...
Aluminium business will continue to be a drag for Nalco
Nalco’s stock has seen high volatility during FY12, trading between 52-week high of Rs 94 (June 2, 2011) and 52-week low of Rs 48 (November 24). While international aluminium prices have been under pressure due to the global crisis, lack of backward integration (coal) added to the woes. Coal...
Nalco reports 21% plunge in net profit in 2011-12
State-owned aluminium major Nalco's net profit plunged by 21% to Rs 849.50 crore in 2011-12 from Rs 1,069.30 crore achieved during the previous year, mainly due to rising cost of fuel and input materials. The 'Navaratna' PSU, however, achieved sales turnover of Rs 6,500.27 crore during the year, up...
Hungarian alumina plant ordered to solve toxic red dust scare
Hungarian authorities are not keen on taking any risk after the red-mud disaster in 2010 caused by the MAL Hungarian Aluminium Producing and Trading Company. On Monday, they threatened to take the owners of the alumina plant responsible for a red-mud disaster in 2010 to court if they did not deal...
Scientists look for a solution to Red Mud problem
SCIENTISTS at the University of Glasgow are working to turn a toxic industrial waste product into a material which can be used to treat contaminated water. A team from the University’s School of Chemistry, in partnership with The Energy and Resources Institute (TERI) in New Delhi, have found...
NALCO expects to report 120 crore profit after tax
State-owned NALCO (National Aluminium Company) is expected to report a profit after tax of Rs 120 crore for the fourth quarter of FY12, down 61% as compared to Rs 305.3 crore in a year ago period, according to CNBC-TV18 poll. Net sales are seen going down 6% at Rs 1,674.5 crore from Rs 1,787.5...
Rusal opposes carbon tax by Gillard government
RUSSIAN aluminium giant Rusal has accused the Gillard government of hobbling the once high-growth alumina industry through the July 1 introduction of the carbon tax. It argues the carbon tax will force shrinkage in the industry's share of growth in the global market for alumina, an intermediate...
No alumina produced at RUSAL Guinea plant since April 3
UC RUSAL's Friguia alumina refinery in Guinea has not been in production since April 3, despite the suspension of a strike at the plant late last month, union and company officials said on Friday. Operations at Friguia have been repeatedly disrupted in recent months due to disputes between unions...
Demand for alumina and bauxite to get a boost
The global market for Bauxite and Alumina is forecast to reach 211.3 and 76.2 million metric tons, respectively, by the year 2017. With global economy on the growth path post recession, both production and consumption levels are expected to display a positive trend, spurred by rising demand from...
Qixing Group Acquires oneThousand Tons of Alumina
Recently, Shandong Qixing Group and Shandong Lubei Chemical Co., Ltd reached an agreement, the agreement says Qixing Group will acquire 1000 tons of alumina capacity of its branch. Shandong Wudi Qixing High-tech Aluminum Company which is the subsidiary of Qixing Group has already had 500 thousand...
BHP Billiton project nears completion
CONSTRUCTION on the $3.4 billion BHP Billiton Worsley Alumina expansion project is now 98 per cent complete. “Contractors are now putting the final touches on the project’s construction phase, which will reach practical completion at the end of May,” a company spokesman said on Tuesday. “June...
Alumina Output Will Break Through 43,000 Thousand Tons
According to the data from Antaike that the alumina output will break through 43,000 thousand tons this year and it will need about 6,000 thousand tons of caustic soda. At the end of 2012 China alumina capacity will reaches 59,020 thousand tons increased 14.8% compared with 2011, newly added...
