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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Total alumina production in the Americas during January 2024 witnessed a downfall month-on-month and year-on-year. According to the International Aluminium Institute data, the output in January 2024 amounted to 1.215 million tonnes, down by 4.1 per cent from 1.267 million tonnes in December 2023...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production during January-February 2024 amounted to 7.1 million tonnes, up 5.5 per cent from the same period of the previous year. Although the combined data for two months reflect a year-on-year increase, output fell...
According to a recent report by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), Iran's four leading aluminium production firms manufactured 54,893 tonnes of aluminium ingots in February 2024. This marked an increase from the 51,416 tonnes produced in...
On March 11, 2024, Alcoa announced that it has entered into a binding Scheme Implementation Deed with Alumina Limited, under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction. The Agreement terms are consistent with the previously agreed and announced transaction...
According to the Shanghai Metals Market, China’s metallurgical-grade alumina production in February 2024 (29 calendar days) amounted to 6.262 million tonnes, experiencing a 6.8 per cent fall from 6.72 million tonnes in January (31 days). But on a year-on-year basis, the output increased by 2.4 per...
According to the International Aluminium Institute, alumina production in Africa & Asia (ex-China) stood at 1.212 million tonnes in January 2024, reflecting a slight month-on-month fall of 0.57 per cent from 1.219 million tonnes. However, on a year-on-year basis, Africa & Asia’s (ex-China) alumina...
Demand for alumina from China is rising strongly, opening the door for international producers and traders to make some increased profits. The combination of restrictions on bauxite mining leading to cuts at refineries, winter snow storms blocking logistics, and healthy demand for the key material...
The fastest-growing company in the railway sector and transporting goods for a wide range of customers, GB Railfreight (GBRf), has confirmed the renewal of its contract with Alvance British Aluminium, one of the world's greenest metal production plants. GBRf has secured a five-year extension to its...
China is the highest alumina producer, contributing around 58 per cent of the world’s output. According to the International Aluminium Institute survey, China produced 82.27 million tonnes of alumina in 2023, up by 3.15 per cent from 79.76 million tonnes in 2022. With this annual hike, China’s 2023...
World alumina production welcomed 2024 with a slight month-on-month dip of 0.22 per cent but a year-on-year rise of 3.9 per cent, found the International Aluminium Institute. According to the data revealed, world alumina production in January stood at 12.052 million tonnes compared to 12.078...
The mining sector in Jamaica experienced an approximate 23.6 per cent growth during the final quarter of 2023. Crude bauxite production in the island nation experienced a notable decline of 27 per cent, leading to a decrease in the bauxite capacity utilization rate to 32.7 per cent, marking a drop...
On February 25, Alcoa announced a new agreement with Alumina Limited regarding acquiring Alumina Limited, pending the finalization of a scheme implementation agreement. The companies have signed an exclusivity and transaction process deed with Alumina Limited's Board of Directors indicating its...
In a significant move, Hydro's bauxite & alumina business area has partnered with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC). This collaboration aims to harness cutting-edge research expertise and innovative technologies, particularly focusing on reducing...
Emirates Global Aluminium (EGA), the world's premium aluminium producer and the largest industrial entity in the United Arab Emirates, takes immense pride in hosting and sponsoring the Alumina 2024 Conference, Exhibition, and Workshop centred on the theme "Beyond the Cycle." At the heart of Alumina...
According to the International Aluminium Institute survey, alumina production in Europe (including Russia) through 2023 amounted to 6.50 million tonnes, with an average daily production totalling 213,600 tonnes. The annual output decreased by 20.92 per cent from 8.22 million tonnes in 2022, while...
Egyptalum plans to develop and rehabilitate the current smelter and evaluate the capital expenditures required to ensure operation for another 25 to 30 years of the operational life of the current smelter, with compliance with all health, safety, and environmental laws and standards. The project...
Emirates Global Aluminium has inked an agreement to supply alumina to The Alumina Industrial Company. This collaboration aims to foster the emergence of a new sector dedicated to manufacturing speciality products from alumina, aligning with the UAE's ambitious industrial growth strategy, Operation...
Iran's alumina powder production reached 170,952 tonnes in the initial nine months of the present Iranian calendar year (March 21-December 21, 2023), per data disclosed by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). In the previous Iranian calendar year...
