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...
Recently, domestic alumina spot and futures prices have weakened in tandem, and market sentiment has become more cautious. According to Mysteel research, China's operating alumina capacity has reached 99 million tonnes per year, the highest level so far this year. New commissioning and technical...
Grow with
AL Circle
China's dependence on imported bauxite is a significant factor in the nation's superior ranking in alumina and primary aluminium production. The sheer volume of raw material required to maintain this ranking cannot be met by domestic sources alone. Therefore, any disruption in bauxite supply has a...
On Friday, November 15, the average alumina spot price closed the week with a growth of RMB 33 per tonne to settle at RMB 5,600 per tonne. The alumina prices have shown incredible growth since September arriving at RMB 5,600 per tonne as of today. Image Source: Itaforte The prices have grown in...
IB2, a trailblazer in the aluminium industry, has secured a remarkable €100 million investment secured from a group of financial and industrial investors . This significant funding will be used to pioneer sustainable alumina technology, further solidifying IB2's leading role in the industry. The...
As the week progresses, on Thursday, November 14, the alumina price surge trend, witnessed since the initial days of September, continues its upward climb in a similar ratio. Image Source: https://www.made-in-china.com/ Alumina pricing Today, the nearly colourless crystalline substance stood at RMB...
After a decline last month, China's metallurgical-grade alumina production grew in October 2024, marking a M-o-M increase of 2.93 per cent, according to the Shanghai Metals Market survey. The output also escalated by 6.51 per cent year-on-year, backed by capacity expansion and higher operating...
Alcoa declared force majeure on bauxite shipments from its Juruti mine in Brazil on November 7, 2024, due to a vessel stranded in the channel near the port obstructing transportation. This disruption poses significant challenges for global alumina supplies, which are already under pressure due to...
On November 08, 2024, Shanghai Metals Market saw the price of alumina rise to RMB 5,391 per tonne on average. However, the real eyecatcher was the price climb in the provinces of Lianyungang and Bayuquan. The price of alumina has been on a rapid surge spree since the beginning of September. Despite...
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. Notably, the average spot price for alumina in China surpassed RMB 5000 for the first time on Wednesday, settling at RMB 5,007 per tonne before...
In September 2024, the world's alumina production decreased to its lowest level in the past five months, with all the major alumina-producing countries or regions registering drops in their output. However, despite the sequential decline and a 5-month low, the world's alumina production stood above...
Alumina trihydrate (ATH), also known as aluminium hydroxide — chemical formula Al(OH)3, has a vast market potential ahead. The element, which is derived during the refinement of bauxite through the Bayer process, is majorly known for its flame retarding property. Image Source: Anglo Pacific...
Iran's alumina powder production reached 96,685 tons in the first five months of the current Iranian calendar year, running from March 20 to August 21, as reported by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). Despite ongoing economic and geopolitical...
Following supply disruptions due to unfavourable weather conditions, blockage on bauxite export from Guinea Alumina Corporation has led China’s domestic average alumina price to a new high at RMB 4,760 per tonne on October 23, found the Shanghai Metals Market. Over a day, the price has gained RMB...
Alumina's prices, without much surprise, follow the upward path of the price range on Tuesday, October 22. As disclosed by SMM, the average alumina price is RMB 4,698 per tonne, which is 56 per cent higher than last year's October 23 price (RMB 2998 per tonne). The Y-o-Y price leap has caused a...
Alumina price on October 21 opened with the continual trend of an all-time high of RMB 4642 per tonne, with an increase of 7.8 per cent since last week. Apart from the recent incident of flood in Guinea, which affected the bauxite supply in China, the country's domestic supply has been humungously...
Since the beginning of this year, Shanxi Aluminum Industry has consistently enhanced its technical management system and production standards for alumina. The company has aggressively pursued cost-reduction initiatives in research and development, leading to significant improvements in key...
On Wednesday, October 16, Alcoa Corporation, the world’s eighth-largest aluminium producer, announced its third-quarter results that reflected sequential increases in net income and Adjusted EBITDA amid declines in production and shipments. According to the figures revealed by Alcoa, the company...
In September 2024, China’s monthly production of metallurgical-grade alumina retreated from its peak by losing 4.27 per cent month-on-month. However, on a year-on-year basis, the output in September increased by 2.69 per cent from 6.732 million tonnes. Based on the above data provided by the...
Alumina futures on the Shanghai Futures Exchange soared to a new record, driven by bauxite supply disruptions from Guinea and sustained demand from China. On Friday, alumina prices surged by as much as 6.4 per cent, reaching RMB 4,630 ($655) per tonne on the Shanghai Futures Exchange, marking the...
