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 production in China came in at 6.11 million tonnes in April, Shanghai Metals Market reported. The output included 5.9 million tonnes of metallurgical-grade alumina. The daily production stood at 196,800 tonnes, marking a growth of 0.45% on the month and 9.4% on the year. In the first four...
On 28 th April 2021, Guinea Alumina Corporation, a subsidiary of Emirates Global Aluminium (EGA), which explores bauxite in the Boké region located at the northwest of Guinea, has announced the appointment of Malick N'Diaye as the CEO of the organization. Malick N'Diaye joined GAC in 2014 as Chief...
Rusal has announced the first quarter of 2021 results, reporting that its bauxite production rose 7.4 per cent quarter-on-quarter and 6.3 per cent year-on-year to stand at 3.801 million tonnes. Rusal’s bauxite minings in Guinea produced 2.025 million tonnes in Q1 2021, while Russia and Jamaica...
According to the International Aluminium Institute (IAI) data, alumina production in West Europe stood at 491,000 tonnes in March 2021. That recorded a month-on-month increase of 11.85 per cent from 439,000 tonnes while flat over the year compared to 489,000 tonnes. West Europe’s alumina production...
South32’s alumina production was 1.218 million tonnes in Q3 FY21, a decrease of 13% from quarter-on-quarter. The output was also down by 5% from 1.276 million tonnes in Q3 FY20. Worsley Alumina saleable alumina production increased by 1% to 2.885 million tonnes in the nine months ended March 2021....
Norsk Hydro ASA has reported the first-quarter results of 2021, revealing that its revenue stood at NOK 31,951 million, an increase of 7 per cent quarter-on-quarter from NOK 29,823 million and 1 per cent year-on-year from NOK 31,609 million. Adjusted EBITDA grew 53 per cent from the previous...
South America’s alumina production increased by 7.27 per cent year-on-year to 1.122 million tonnes in March 2021, from 1,046 million tonnes in March 2021, according to the latest data showed by the International Aluminium Institute (IAI). On a month-on-month basis, the alumina production inched up...
According to the International Aluminium Institute, world alumina production in March 2021 stood at 11.832 million tonnes, bringing the total output to 34.199 million tonnes in the first quarter of 2021. The production in March reflected a hike of 11.41 per cent month-on-month from 10.620 million...
Rio Tinto reported 3% hike in its aluminium production as the Becancour smelter, Quebec operating at full capacity and Kitimat, British Columbia nearing the end of its pot relining cycle. The output grew to 0.8 million tonnes in the first quarter of 2021. The company achieved good production...
According to a report on Monday, April 19, Chinese alumina refinery Kaiman Aluminium has reduced its production by half, claiming that bauxite supplies are limited. The refinery, owned by Hangzhou Jinjiang Group, is located in Sanmenxia city in Henan province. It has a per annum capacity of 2.1...
Europe's largest alumina refinery and a major alumina asset of RUSAL, Aughinish Alumina has received approval for its proposal for an extension of its large plant near Foynes, Limerick County to be considered under the fast-track planning process for large strategic projects. The independent,...
Shanghai Metals Market data found a month-on-month surge of 7.17 per cent in China’s March alumina output to 6.28 million tonnes, following the two consecutive months of decline in January and February. In February 2021, China’s alumina production stood at 5.90 million tonnes, reflecting a decrease...
Eti Alüminyum Seydişehir Plant is the only integrated aluminium plant producing aluminium from ore in Turkey. The continuous investment has made it able to adapt to technological conditions of the age and to acquire competitive power in the international markets, making considerable contributions...
North America's alumina production in February 2021 reflected a month-on-month decline of 32,000 tonnes or 9.41 per cent, found the International Aluminium Institute. From 340,000 tonnes in January 2021, the output decreased to 308,000 tonnes in February, showed the IAI data. North America's...
In February 2021, alumina production in West Europe stood at 439,000 tonnes, reflecting a decline of 40,000 tonnes or 8.35 per cent month-on-month. In January 2021, West Europe churned out 479,000 tonnes of alumina, which was less by 3,000 tonnes from the previous month. On a year-on-year basis,...
Global alumina production stood at 10.574 million tonnes in February 2021, an increase of 1.41% from 10.427 million tonnes in February 2020, according to the latest data showed by the International Aluminium Institute (IAI). On a month-on-month comparison, the output reduced 9.99% from 11.747...
The Swedish economy is losing its pace for recovery in short term, but the foundation is in place for a strong rebound later in 2021. Unemployment is expected to decline, while inflationary pressures remain subdued, but the outlook is elusive due to upside-down statistics and incoherent signals...
Aluminium Corporation of China Limited, popularly known as Chalco, posted the lowest annual profit in the last four years in 2020. It said in a filing that its net income fell 13.1 per cent year-on-year to RMB 741 million in 2020. The company's revenues stood down by 2.2 per cent to RMB 186 billion...
