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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On Friday, December 22, Odisha Chief Minister Naveen Patnaik virtually attended the groundbreaking ceremony of Hindalco Alumina Refinery and Apparel Unit to be set up by Utkal Alumina Social Welfare Foundation. The alumina refinery will come up at Kansariguda, and the apparel complex will be in...
The recent fuel depot explosion in Guinea has raised fears of a bauxite shortage, which may affect alumina production in China. China secures the lion's share of bauxite from Guinea, which they refine into alumina and used for aluminium smelting. The fear of bauxite shortage and alumina production...
On Friday, December 22, China's average alumina spot price increased by RMB 6 per tonne after remaining unchanged since December 19. As per the data, the alumina price as of today has clocked at RMB 3,004 per tonne, followed by a growth of RMB 10 per tonne in Shandong and Shanxi to close at RMB...
As per IAI, America’s alumina production has registered a Year-on-Year growth of 3.52 per cent from 10.352 million tonnes in the first three quarters of 2022 to 10.717 million tonnes in the first three quarters of 2023. Therefore, America has contributed around 10 per cent to the Q1+Q2+Q3 world...
According to the Shanghai Metals Market survey, China's metallurgical-grade alumina production in November 2023 recorded a further M-o-M decline to stand at 6.745 million tonnes. The output decreased by 1.44 per cent over a month from 6.842 million tonnes. But the daily average output stood 1.86...
Vedanta Lanjigarh, India's leading producer of metallurgical grade alumina, has received 5 Gold medals at the 48th International Convention on Quality Control Circles (ICQCC-2023) in Beijing, hosted by the China Association of Quality (CAQ). These highly competitive accolades demonstrate Vedanta...
Aluminium value chain is a complete and thriving industry in Europe, with over 600 plants across 30 European countries. Presently, 9 million tonnes is Europe’s annual demand for primary aluminium, and by 2050, the demand is expected to grow till 18 million tonnes. However, production has seen a dip...
According to the International Aluminium Institute data, alumina production in Africa & Asia (ex-China) during October 2023 stood at 1.17 million tonnes, reflecting a rise of 2.63 per cent month-on-month. The output rebounded in the said month to return to the production volume in August. In...
According to the International Aluminium Institute survey, world alumina production in October 2023 stood at 12.25 million tonnes, reflecting a month-on-month rise of 2.17 per cent. The output recovered in October but could not reach the production volume of August. In August 2023, world alumina...
The first stage of Alpha HPA's 5N-purity aluminium nitrate precursor manufacturing plant is nearing completion in Queensland. The total production of aluminium nitrate in Stage 1 has achieved an estimated quantity of 258 tonnes, with a specified purity level of 5N (99.999%). Currently, an estimated...
Aughinish Alumina, a bauxite processing firm at Limerick in Ireland owned by the Russian aluminium giant Rusal, reported a loss of 167 million U.S. Dollars in the last year, as per the newly filed accounts. This is a decrease from the 378 million U.S. Dollars loss in 2021. The Irish operation on...
According to the Shanghai Metals Market, China’s metallurgical-grade alumina production stood at 6.842 million tonnes, down by 1.6 per cent month-on-month but up by 2.5 per cent year-on-year. Daily average output in the said month was 220,700 tonnes, down by 3,700 tonnes from the previous month....
In September 2023, alumina production in Europe (incl. Russia) stopped at 550,000 tonnes, lower by 1,000 tonnes or 0.18 per cent Month-on-Month from 551,000 tonnes recorded on August 2023, whereas, on a Quarter-on-Quarter scale, there has been an increase of 25,000 tonnes or 4.76 per cent from...
The world alumina production during Q3 2023 ended September 30, registered a sequential rise of 3.04 per cent to stand at 36.567 million tonnes versus 35.487 million tonnes, found the International Aluminium Institute. But on a year-on-year calculation, the output in Q3 was almost the same as...
On October 24, 2023, the Russian aluminium giant and one of the world's leading low-carbon aluminium producers, Rusal, disclosed the news to acquire a 30 per cent equity stake in Hebei Wenfeng New Materials (HWNM), a Chinese alumina producer, for $261.6 million (RMB 1.91 billion). However, as...
Aluminium oxide, popularly known as alumina, is a direct resource of primary aluminium production. With the passage of time, as aluminium demand is rising, a timely need for alumina is being increasingly felt. The potentiality of the alumina market is mammoth, with an estimated growth rate of CAGR...
In Q3 2023, Alcoa Corporation delivered noteworthy results, with increased third-party shipments, enhanced cash flow, and significant achievements. Highlights: They increased third-party alumina shipments by 11 per cent and aluminium by 1 per cent sequentially. A cash balance of $926 million was...
Rio Tinto announced another quarter of progress from July to September 2023. In the Q3 production report, the company revealed that its aluminium output stood at 828,000 tonnes, registering a 2 per cent rise Q-o-Q and a 9 per cent hike Y-o-Y, backed by the full capacity operations at Kitimat...
