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 average alumina spot price in China has increased by RMB 85 per tonne on Wednesday, September 15, following a restraint on the previous day. According to the Shanghai Metals Market, the hike has brought the alumina price at RMB 3,453 per tonne, marking a week-on-week jump of RMB 292 per tonne....
Queensland Alumina (QAL) is reportedly obtaining five medium-voltage variable speed drives or VSDs from Siemens for continuing to improve its alumina refining process. The order consists of three GH180 Perfect Harmony variable speed drives (VSDs), which will be used in place of the existing drive...
In August 2021, the alumina production in China came in at 6.39 million tonnes after increasing by 1.58 per cent month-on-month from 6.29 million tonnes, founded the Shanghai Metals Market. According to the SMM data, the output for August was 6.16 million tonnes of metallurgical grade alumina...
On 2 nd September 2021, Concord Resources, the major shareholder of New Day Aluminium stated that the only left alumina refinery in the USA has resumed its production facility in Gramercy, Louisiana, as the operations were ceased due to Hurricane Ida. Mark Hansen, CEO of Concord Resources, said:...
The global alumina industry saw a few updates this week that included China’s domestic alumina price surge and Europe’s one of the largest alumina refineries Eurallumina to resume operations in a while. The average alumina spot price in China rose throughout the week starting at RMB2,802 per tonne...
On 2 nd September 2021, as the prices for the raw material of the metal aluminium towered at two years high, an advisor to China Hongqiao Group stated that the Group’s alumina refinery in Indonesia to commence its 2 nd phase up by the end of 2021. In 2016, the first 1 million tonnes per year phase...
The world aluminium sector in August 2021 demonstrated a sharp rise in demand for the metal from every corner of the earth. The month observed the surge in the price of aluminium, which escalated by over 30% from $ 2013.50 per tonne to US$ 2673.50 per tonne, while it has been recorded as a 10 year...
Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, inaugurated the Company’s Marine Jetty Extension in a ceremony that was held on Monday 30 August 2021, with the presence of Alba’s Chief Executive Officer, Ali Al Baqali, and other...
Eurallumina, one of Europe’s largest alumina refineries located in the industrial area of Portovesme, South West coast of Sardinia, Italy with access to the Mediterranean Sea and two dedicated berths has its operation frozen. However, the refinery needs to overcome two hurdles in ninety days to...
According to the data found by the International Aluminium Institute, alumina production in South America during July 2021 came in at 1.019 million tonnes, essentially unchanged from June 2021 and 1.018 million tonnes in May. South America's alumina output had last recorded a change in May by...
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA,...
World alumina production in July 2021 amounted to 12.234 million tonnes, reflecting a month-on-month growth of 3.18 per cent from 11.857 million tonnes, found the International Aluminium Institute. On a year-on-year basis, the production stood 7.95 per cent higher than 11.333 million tonnes. In the...
According to China Customs data, China imported 526,900 tonnes of alumina in July 2021, which reflected an increase of 91.66 per cent from the previous month and 26.27 per cent from a year ago. From January to July, China’s alumina imports totalled 1.94 million tonnes, however, a decrease of 17.73...
South32 published results for the year ended 30 June 2021 (FY21).The Group reported revenue of US$6,337 million for the full year, an increase of 4% from FY20’s revenue of US$6,075. Underlying earnings before interest and tax (EBIT) increased to US$844 million, up 89% from US$446 million in FY20....
Monadelphous Group Limited, a leading Australian engineering group providing construction, maintenance and industrial services, has received new contracts worth $200 million to provide construction and maintenance in the resources sector. The company has won new three-year contract with Queensland...
In the Interim Results of 2021, Rusal, the world’s leading aluminium producer, has announced that its aluminium production in the six months ended June 30 stood flat at 1.868 million tonnes compared to 1.867 million tonnes a year ago. However, sales of both primary aluminium and alloys increased...
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that the aluminium ingots production of the nation has escalated by 26.30% during the first four months of the current Iranian year (from March 21 through July 22, 2021), when compared to the same...
The largest integrated Bauxite-Alumina-Aluminium-Power complex in Asia, Nalco has sold 91,000 tonnes of metals in Q1FY22 against 71,000 of the corresponding previous year. The Indian state-run mining and metal company sold 2.86 lakh tonnes of alumina in Q1FY22. Sridhar Patra, the CMD of Nalco said:...
