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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Alumina output in South America during January-February 2022 totalled 1.859 million tonnes, reflecting a year-on-year downfall of 8.6 per cent from 2.034 million tonnes, found the International Aluminium Institute’s data. In February, alumina production in South America amounted to 864,000 tonnes...
Geomega Resources, located in Montreal, has won funds to construct a C$4 million alumina waste processing plant in Quebec. Sustainable Development Technology Canada (SDTC), a federal agency that funds small and medium-sized enterprises will provide C$1.5 million. Rio Tinto, a Geomega partner, will...
In the first two months of 2022, alumina production in Africa & Asia totalled 2.224 million tonnes, with the output in February at 1.075 million tonnes, down by 6.44 per cent month-on-month, found the International Aluminium Institute’s data. In January, alumina production in Africa & Asia stood at...
World alumina production in February 2022 amounted to 10.606 million tonnes, which included 9.975 million tonnes of metallurgical-grade alumina. That reflected a month-on-month decline of 8.7 per cent from 10.926 million tonnes but a year-on-year increase of 0.8 per cent from 9.897 million tonnes,...
United Co. Rusal International PJSC can’t get hold of its share of alumina contained in an Australian joint venture therefore increasing the pressure on Russian aluminium giant to find sufficient amount of raw material it needs to feed the company plants. Two weeks back when Australian Prime...
The state-owned Gujarat Mineral Development Corporation (GDMC) is planning to expand its wings around the alumina and solar sector, as a part of diversification. The last one year has been very tremulous for GMDC since they have been trying to improve their bauxite, limestone, manganese, silica and...
China’s alumina imports were 212,900 tonnes and 201,100 tonnes in January and February 2022, reflecting a downfall of 16.58 per cent and 5.57 per cent month-on-month. On a year-on-year calculation, the country’s aluminium imports in January stood down by 35.67 per cent, while imports in February...
LME aluminium opened at US$3,575 per tonne last Friday and closed at US$3,625 per tonne, an increase of US$55 per tonne or 1.54 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,582 per tonne and LME aluminium official settlement price...
War is never good for the economy and the earliest of its blows are felt in the industrial or manufacturing sector. This week has been full of turmoil and uncertainty following the Australian ban on bauxite import to Russia, Rusal’s Irish counterpart Aughinish Alumina is facing ownership crisis....
The Deputy Governor of Ireland, (Tnaiste) Leo Varadkar and Minister of Finance, Paschal Donohoe in their talks about the Aughinish Alumina’s future exhibited the ownership of the refinery is under scrutiny and should be altered to change the course of business. All the European sanctions against...
S.A.V. S.p.A. Societa' Alluminio Veneto has acquired the ASI Performance Standard Certification for the sorting plus melting of raw materials and metal scrap to induce production of aluminium alloy ingots at the Colombo and Dell’Artigianato facilities in Italy. The total production capacity of the...
Indonesian state miners Aneka Tambang (Antam) and Inalum’s joint venture operation is delayed for two years since its US$831.5 million alumina refinery is not ready yet, as reported by the president director of the joint venture Dante Sinaga who said all this at the parliament on Monday. On 4 th of...
Queensland Alumina Limited, one of the largest alumina refineries by alumina output capacity, on Tuesday unleashed a caustic spray of chemical following an equipment breakdown at Gladstone, central Queensland. The matter is being investigated by the Department of Environment and Science, according...
Owing to the increased alumina and aluminium prices and increased output, Aluminium Corp. of China or Chalco's net profit in 2021 was bolstered by 564.6 per cent Y-o-Y to a 14-year high. In the 12 months ending Dec. 31, 2021, the world's largest alumina producer had a net profit of RMB 5.08 billion...
Built between1979-1983, Russian aluminium giant Rusal owned Aughinish Alumina refinery is facing decline both with import and export items, causing extreme fear among the North Kerry County Community, in Ireland. Aughinish Alumina is the largest alumina refinery in Europe and the largest of the...
The Government of Australia, led by Prime Minister Scott Morrison has prohibited sale to Russia for alumina, bauxite and other commodities used as raw materials in the production of aluminium in retaliation to Russia’s invasion of Ukraine. On 20 th March 2022, Morrison also declared that Australia...
The Australian Renewable Energy Agency (ARENA) has awarded up to $579,786 in funding to Rio Tinto on behalf of the Australian government to conduct a feasibility study looking at the possibility of partially decarbonizing its alumina refining processes using renewable hydrogen. Natural gas is used...
The week had been a quite eventful one, owing to the ongoing Russia-Ukraine conflict. As a knock-on effect from the war, a lot of changes had been taking place in the alumina industry. To begin with, Irish government has been petitioned to prohibit all Russia ships from entering the Irish...
