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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Rusal, the world's second-largest aluminium company by primary aluminium production, announced that on Thursday, June 15, it started the construction of a modern alumina facility in the Leningrad region. Rusal contemplates investing around 400 billion rubles in this project to construct four...
According to the Shanghai Metals Market survey, metallurgical grade alumina production in China during May 2023 (31 calendar days) amounted to 6.682 million tonnes, up 2.17 per cent from 6.54 million tonnes in April (30 calendar days). But the average daily output decreased month-on-month from...
Following the latest aluminium industry updates, it has come to our attention that two esteemed Chinese corporations, namely China Machinery Engineering Corporation (CMEC) and Global Advanced Manufacturing Institute (GAMI), have pledged to participate in the renovation and reconstruction of (Talco)...
China's rising reliance on bauxite, the primary raw material for alumina production, has prompted the world's largest miner to seek alumina refineries worldwide, particularly emphasising crucial supplier Indonesia following an export embargo. According to analysts and AL Circle's industry-focused...
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Alumina production in Europe (incl. Russia) stood at 505,000 tonnes during April 2023, facing a fall of 52,000 tonnes or 9.34 per cent month-on-month, found the International Aluminium Institute. In March, the output was 557,000 tonnes, up by 13.21 per cent from 492,000 tonnes in February. On a...
On Friday, June 2, the Shanghai Futures Exchange (SHFE) announced receiving alumina futures trading permission from Beijing after the Securities Regulatory Commission approved the plan. That makes the SHFE the first exchange on Earth to offer an alumina contract with physical delivery. Noting...
Alumina production in Africa & Asia (ex-China) amounted to 1.08 million tonnes during April 2023, reflecting an increase of 1.41 per cent month-on-month, found the International Aluminium Institute. In March, the output was at 1.065 million tonnes after a fall of 3.10 per cent from 1.033 million...
Alumina Limited has endorsed Alcoa's bauxite mining, which Premier Mark McGowan has cautioned must not jeopardise Perth's water supply. Alumina Limited chair Peter Day said that the business, which controls 40 per cent of Alcoa's Australian operations, was aware of community expectations about...
According to the International Aluminium Institute, world alumina production during April 2023 edged a fall of 3.32 per cent month-on-month to stand at 11.235 million tonnes. In March, the output stood at 11.621 million tonnes, reflecting a hike of 12.48 per cent from 10.331 million tonnes in...
China’s metallurgical-grade alumina production in April 2023 (30 calendar days) stood at 6.54 million tonnes compared to 6.64 million tonnes in March (31 calendar days), showed the Shanghai Metals Market survey. Hence, on a month-on-month calculation, China’s alumina output reflected a 1.5 per cent...
Alcoa and Emirates Global Aluminium (EGA) have signed one of the largest alumina supply contracts, which can help in strengthening the long-term supply relationship between the two companies. Under the new multi-year deal, Alcoa will be providing EGA with smelting quality alumina, making the former...
According to the latest data from the Ministry of Commerce, Govt. of India reveals that the alumina exports to Russia escalated to 0.258 million tonnes in April-February of the financial year 2022-23 (FY23) from zero in the previous period of FY22. The surge in India-Russia trade with the mentioned...
According to the International Aluminium Institute, alumina production in Europe (including Russia) surged by 13.41 per cent or 66,000 tonnes month-on-month during March 2023 to reach 558,000 tonnes. In February, the output stood at 492,000 tonnes, descending by 4.84 per cent from 517,000 tonnes....
According to the International Aluminium Institute, alumina production in Africa & Asia (ex-China) stood at 1.070 million tonnes during March 2023, which reflected an increase of 2.88 per cent month-on-month. The output grew in March after a decline of 7.06 per cent in the previous month from 1.119...
According to the latest report revealed by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran produced 225,942 tonnes of aluminium oxide, commonly known as alumina, in the past year 1401 (ended March 20, 2023). That reflected a drop of 2 per cent from the...
According to the International Aluminium Institute, the world alumina production stood at 11.417 million tonnes in March 2023, bringing the total output in the first quarter of the year to 33.175 million tonnes. Hence, the quarterly output ended March 31 decreased by 5.5 per cent quarter-on-quarter...
Alcoa Corporation, the world’s eighth largest producer of aluminium, announced the first quarter 2023 results, reporting steady revenue earning at $2,670 million compared to $2,663 million in the previous quarter, attributed to the 8 per cent increase in average-realized third-party alumina price...
On Tuesday, April 25, Century Aluminum Company announced a significant step towards acquiring a sizeable share in a joint Jamaican bauxite mining and alumina production venture. The company has reportedly signed an agreement with Noble Group Holdings Limited (Noble) to obtain 55 per cent of its...
