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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The United States alumina imports in the fourth quarter of 2021 recorded a Q-o-Q rise of 22.32 per cent to 411,000 tonnes, unlike bauxite imports which fell during the said period by 11 per cent, found the USGS data. In Q3 2021, the United States imported 336,000 tonnes of alumina, which was,...
According to the Shanghai Metals Market, alumina production in China during February 2022 (28 calendar days) stood at 5.47 million tonnes versus 6.5 million tonnes in January (31 calendar days). That reflected a downfall of 15.85 per cent month-on-month. The output of metallurgical-grade alumina...
The world's second-largest metals and mining company, Rio Tinto, has initiated a crucial review of its partnership agreement with Rusal, the Russian aluminium giant for Queensland venture as it looks to cut off all business cords with Russia due to its invasion in Ukraine. On 10 th March 2022, Rio...
In South America, alumina production in January 2022 stood at 995,000 tonnes, reflecting a month-on-month downfall of 9,000 tonnes or 0.90 per cent, found the International Aluminium Institute data. In December 2021, alumina output stood in South America came in at 1,004,000 tonnes, up by 6.24 per...
The Ireland government has been petitioned to disallow all Russian ships to enter Irish territorial waters following a Russian cargo ship rejected its strive to collect a bulk load of alumina produced at the Rusal owned Aughinish Alumina refinery near Askeaton on 2 nd February 2022. According to...
The increased number of sanctions due to the Russia-Ukraine conflict has sent shockwaves across the metal industry, including the alumina industry. As a result of which, Russian aluminium producer Rusal ceased alumina export from its Nikoleav refinery in Ukraine, resulting in increased supply...
In January 2022, alumina production in Europe (incl. Russia) recorded a downfall of 3,000 tonnes or 0.34 per cent month-on-month to stand at 885,000 tonnes, found the International Aluminium Institute. In December 2021, alumina output in Europe amounted to 888,000 tonnes, up by 50,000 tonnes from...
In January 2022, alumina production in Africa & Asia (ex-China) stood at 1.149 million tonnes, reflecting a month-on-month downfall of 1.46 per cent, found the International Aluminium Institute. In December 2021, the output was at 1.166 million tonnes in Africa & Asia (ex-China), up by 4.68 per...
Simon Coveney, Minister for Foreign Affairs in Ireland, has reportedly said that he is willing to work with management of the Aughinish Alumina refinery in Askeaton to mitigate the impact of sanctions on Russia for its invasion of Ukraine. Mr Coveney has asked the European Commission to consider a...
In January 2022, world alumina production totalled 11.569 million tonnes, down by only 0.13 per cent from 11.584 million tonnes in December 2021 and 0.46 per cent less than 11.622 million tonnes in January 2021, found the International Aluminium Institute data. In the full-year 2021, world alumina...
On Monday, February 28, Russian aluminium producer Rusal, the world’s top metal producer ex-China, suspended alumina shipments from its Nikolaev refinery in Ukraine, resulting in increased supply disruptions across the alumina and aluminium market, reported consultancy firm Wood Mackenzie. Ami...
The sudden hike in the number of events in alumina segment is primarily due to the anticipation of the crisis between Russia and Ukraine. The conflict has stirred the raw material industry greatly, causing record breaking inflation in prices of raw materials. Apart from this, looking at the current...
Freight prices may continue high for the remainder of 2022, eroding margins that helped Alumina Limited post a more than 28% increase in annual earnings last year. The net profit for the year ending December 31 increased to $US187.6 million ($260.7 million) from $US146.6 million the previous year....
According to the Shanghai Metals Market, alumina production in China during January 2022 came in at 6.5 million tonnes, of which metallurgical-grade alumina stood at 6.28 million tonnes. That was a month-on-month decline of 1.26 per cent from 6.36 million tonnes of metallurgical-grade alumina. SMM...
Rusal, a leading global Russian aluminium producer, announced its operating results for the fourth quarter of 2021 and for the 12 months ending December 31, 2021, revealing bauxite production in Q4 at 3.602 million tonnes, a decrease of 5 per cent from 3.792 million tonnes in Q3 2021. The decrease...
On Tuesday, February 7, Baise, the leading aluminium-producing Chinese city, reported a surge in local COVID-19 cases for the third straight day and ensuing lockdown, which aggravated worries about supply disruption of the metal. The city of Guangxi, with 3.6 million populations, recorded 64 new...
The year 2022 brings along a new beam of hope and inspiration for the metal industry. With this, team AlCircle is excited to announce the launch of its, “Global Aluminium Outlook 2022,” report. The report highlights the overall performance of the aluminium industry and also gives an idea of how the...
According to the Shanghai Metals Market report, alumina production capacity in Shanxi, Shandong, and Henan has come in at 15.02 million tonnes per year for the moment after being undergone output cuts or suspensions due to environmental protection policies. Most refineries in Jinzhong and Lvliang...
