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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According to the Shanghai Metals Market, China’s metallurgical-grade alumina production in January 2024 (31 days) saw a 1.1 per cent dip month-on-month at 6.72 million tonnes. But on a year-on-year basis, the output grew by 5.5 per cent from 6.37 million tonnes. The daily average production stood...
According to the International Aluminium Institute survey, Africa & Asia’s (ex-China) alumina production from January to December 2023 totalled 13.31 million tonnes, accounting for 9.37 per cent of the world’s total output. On a year-on-year calculation, Africa & Asia’s alumina output in 2023 edged...
In a landmark decision, the Federal Court upheld Rio Tinto's discernment in navigating the complex web of international sanctions in 2022. The esteemed court, presided over by Justice Michael O'Bryan, dismissed claims made by subsidiaries of a Leading Russian Aluminium Producer, challenging Rio's...
According to the International Aluminium Institute survey, world alumina production in December 2023 stood at 12.298 million tonnes, bringing the whole year output at 141.924 million tonnes, slightly down from 142.23 million tonnes in 2022. Further introspection into global production The decline...
The West African nation Ghana is poised to gain from a forthcoming alumina refinery as a strategic partner that has been successfully chosen to collaborate with the Ghana Integrated Aluminium Development Corporation (GIADEC) to implement Project 3A. This project is part of the Integrated Aluminium...
Alteo, a globally recognised alumina and aluminium producer, is facing renewed scrutiny as environmental groups and residents in France's Bouches-du-Rhône department accuse the company of persistently discharging hazardous effluent into the Mediterranean Sea. Despite prior legal interventions to...
Atlantic Alumina and Concord Resources welcome the issuance of guidance on the United States Inflation Reduction Act (IRA) 45X Advanced Manufacturing Production Credits. The Department of the Treasury and the Internal Revenue Service recently issued guidance on the United States Inflation Reduction...
The Shanghai Metals Market has revealed the world’s largest alumina producer’s output in December 2023, and with that comes China’s total production figure for the entire year. As per the data shown, China’s metallurgical-grade alumina output in December 2023 (31 days) stood at 6.795 million...
Alcoa Corporation has announced its intention to cease production at the Kwinana Alumina Refinery in Western Australia in 2024, with the gradual shutdown commencing in the second quarter. The refinery, boasting an annual nameplate production capacity of 2.2 million tonnes, has been operating at...
China has recently achieved a significant milestone in the production of refined gallium with the launch of its first automatic filling production line. The production line has been installed at the gallium workshop of the alumina plant of Guangxi Branch of Chinalco. This achievement marks a new...
According to SMM, the average alumina spot price in China has soared by RMB 35 per tonne to close at RMB 3,292 per tonne, while the alumina price in Shandong, Henan, Shanxi and Guizhou have all escalated by RMB 30 per tonne to officially settle at RMB 3,155 per tonne, RMB 3,330 per tonne, RMB 3,345...
The average alumina spot price in China has been following the growth trajectory since December 18, following the fuel blast deposit in Guinea . The explosion had sparked concern about a potential shortage of bauxite, affecting the alumina production in China. This has raised the buying enthusiasm...
In the December quarter, India's leading primary aluminium producer, Vedanta Aluminium, saw a 6 per cent rise in production, reaching 599,000 tonnes compared to 566,000 tonnes during the corresponding period last year. The Lanjigarh alumina refinery of Vedanta Aluminium saw a 6 per cent increase in...
The fuel depot explosion in Conakry, Guinea, just before the year 2023 ended caused fuel sale restrictions, leading to transportation disruption. That led to a fret about bauxite availability in China, given that Guinea is the largest exporter of bauxite ore to China. The incident even led to...
The latest data revealed by the International Aluminium Institute for November 2023 indicates that Africa & Asia’s (ex-China) alumina production in the first eleven months of 2023 lags behind by 1.9 per cent from the prior year. Compared to 12.663 million tonnes of Africa & Asia’s (ex-China)...
The current International Aluminium Institute data showed the world alumina production in November 2023 fell month-on-month by 1.90 per cent to 11.858 million tonnes, following an increase in October output. According to IAI, world alumina production in October was 12.088 million tonnes, up by 0.99...
As per the reports, the Western Australian government has agreed to allow Alcoa World Alumina and Chemicals (AWAC) to continue bauxite mining and downstream alumina refining in the state. The Western Australian government has declared that it would accept the newest five-year mining plan (also...
Guinea Alumina Corporation (GAC), a subsidiary of Emirates Global Aluminium, has offered the Guinea government the use of GAC's petroleum port and bulk storage facilities to assist in dealing with the aftermath of an oil terminal explosion. After the December 18 explosion destroyed gasoline tanks...
