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...
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In June 2024, alumina production in South America reached its highest level in six months, totalling 1.045 million tonnes. This figure represents a 2.85 per cent increase from the previous month and a 19.29 per cent rise compared to June 2023. Notably, this production level reflects a sharp...
The first half of 2024 witnessed significant developments in the Chinese aluminium industry, reflecting a blend of challenges, strategic shifts and growth. As a result, China's economic condition also witnessed significant changes during the H1 2024, owing to reasons like the demand production gap,...
According to the Shanghai Metals Market survey, China's alumina production continued to record an annual rise in July 2024, buoyed by increased operating rates in Shanxi, Henan, Hebei, and Guangxi. In July (31 days), China's metallurgical-grade alumina output was 7.173 million tonnes, registering a...
According to the Statistical Institute of Jamaica (STATIN), Jamaica's Mining and Quarrying industry recorded a significant 33.6 per cent increase in export earnings during the first quarter of 2024. The sector's earnings climbed to US$148.7 million, up from US$111.3 million in the same period last...
In the first half of 2024, alumina production in Africa & Asia (ex-China) demonstrated an annual increase of 9.48 per cent, primarily due to robust output in the first quarter. According to the International Aluminium Institute, Africa & Asia’s alumina production in Q1 was 7.9 per cent higher than...
Alcoa, a Pittsburgh-based industrial corporation and the global industry leader in bauxite, alumina, and aluminium products, has announced the successful completion of its acquisition of Alumina Limited. This strategic move enhances Alcoa's position as a leading pure-play upstream aluminium...
Aluminium Stewardship Initiative (ASI) announced that Chalco Shandong Advanced Material Co., Ltd has achieved certification against the ASI Performance Standard V3 and Chain of Custody (CoC) Standard V2 Certification (2022). The facility's key production processes include raw material slurry...
World alumina output in the first half of 2024 scaled up 2.34 per cent year-on-year, owing to enormous production above 12 million tonnes in March and May 2024. Almost all the leading alumina-producing regions, except for Oceania, drove the worldwide alumina production hike in H1. Overview of H1...
According to China customs data, China's alumina exports in June 2024 trended up M-o-M by 54.78 per cent to reach 157,100 tonnes versus 101,500 tonnes in May. The latest hike brought the country's cumulative exports during January-June to 810,700 tonnes. However, China's alumina imports in June...
Note: This is an AI-generated image for representational purpose On July 17, Alcoa Corporation reported its consolidated results for the second quarter of 2024, ended June 30, following a preliminary report published in the previous week. The company declared that its revenue in Q2 stood at $2.906...
In June 2024 (30 days), China's metallurgical-grade alumina output dipped 2.1 per cent M-o-M, standing at 6.842 million tonnes versus 6.989 million tonnes. However, on a year-on-year basis, the production in June 2024 edged an increase of 5.91 per cent from 6.46 million tonnes, according to the...
On July 16, 2024, Alcoa Corporation announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Limited ("Alumina") by way of a scheme of arrangement...
Tarun is the founder of Covacsis Technologies and was among the first few in the world to envisage the transformation of the current manufacturing system into algorithmic manufacturing as a next-generation manufacturing reality. Today, Covacsis is a leader in industry-based digital transformational...
Alumina production in Africa & Asia (ex-China) showcased an encouraging month-on-month rebound during May 2024, following a plunge in the previous month. The output surpassed the 1 million tonnes level but did not match the production volume in January, February, and March. According to the...
The world's alumina production once again crossed the 12 million tonnes level in May 2024 (31 calendar days), close to the output in March 2024, reflecting a month-on-month increase of 2.43 per cent. During the same period last year, the world's alumina output was also above 12 million tonnes but...
China achieved a record-high production of primary aluminium, reaching 3.65 million tonnes in May 2024, comparable to output levels seen in August and September of the previous year. This surge is bolstered by the restarting of smelters in Yunnan after a prolonged shutdown, promising an annual...
Following the launch of EcoSource NMA in 2022, Alcoa has made its first sales of EcoSource non-metallurgical alumina (NMA) with six customers between 2023 and 2024. This development shows the NMA’s market interest in lower-carbon solutions. EcoSource NMA is a part of Alcoa’s sustainable product...
RUSAL, one of the world's largest aluminium producers, officially registered its first two technological climate projects in the Russian Carbon Units Registry. The projects aim to enhance energy efficiency at RUSAL's Ural alumina facilities and target a total reduction in emissions of approximately...
