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 has announced its financial and operational results for the year 2020 ended on December 31, severely impacted by the COVID-19 pandemic, particularly the first months of the year that saw significant global market turmoil due to the virus outbreak. According to the report revealed by Rusal,...
On 15 th March, Vietnam National Coal and Mineral Industries Group, Vinacomin’s bauxite mining projects in the Central Highlands has been inspected by a delegation of the National Assembly The delegation inspected the mining site and production processes in Bao Lam district’s Lam Dong province,...
According to the latest data revealed by the Shanghai Metals Market, China produced 5.86 million tonnes of alumina in February 2021, marking the second consecutive month of decline, albeit slower than the previous month. In January, China’s alumina production was at 5.90 million tonnes, meaning the...
China Hongqiao Group reported record annual profits in 2020 on higher aluminium prices. The profit jumped 72.2% last year. Annual net income stood at 10.5 billion yuan ($1.62 billion) last year, according to Reuters report. Revenues came in at 86.14 billion yuan, an increase of 2.3% year-on-year...
Metso Outotec, the frontrunner in sustainable technologies, end-to-end solutions and services for the minerals processing, aggregates and metals refining industries globally has been awarded a contract for the engineering and delivery of two 170 t/h Bayer process flash evaporation plants to the...
In South America, alumina production in January 2021 stood at 1.069 million tonnes, reflecting a month-on-month downfall of 3.17 per cent, according to the data shown by the International Aluminium Institute. In December 2020, South America produced 1.104 million tonnes of alumina – an increase of...
In East & Central Europe, alumina production in January 2021 stood at 410,000 tonnes, recording a downfall of RMB 6,000 tonnes or 1.44 per cent month-on-month, found the International Aluminium Institute. In December 2020, alumina production in East & Central Europe increased 3.48 per cent...
The workers of San Ciprián Aluminium smelter has unlocked the door followed by the meeting with Alcoa authorities in a possibility that the negotiations between the American multinational and the State, through the Sociedad Estatal de Participaciones Industriales ( SEPI ), reach an agreement for...
World alumina production in January 2021 stood at 11.687 million tonnes in January 2021, registering a month-on-month decline of 1.04 per cent, according to the International Aluminium Institute. In December 2020, world alumina production came in at 11.810 million tonnes, up by 3.18 per cent from...
The economy of Italy was massively stroked by the worldwide financial crash and only emerged from a recession in 2015; however, the country’s GDP remained around 4% lower than the 2007 level. Now, after it languished in 2019, the economy was severely affected by the COVID-19 pandemic, as the...
The National Aluminium Company Limited (NALCO), a Navratna CPSE under Ministry of Mines, Govt. of India has posted higher EBITDA in Q3FY21 driven by a strong performance by the aluminium business piloted by higher LME aluminium prices and favourable costs. Sridhar Patra, CMD, NALCO explained:...
LAlumina LLC, which operated the Burnside Alumina until it was shut down in August’20 and laid off hundreds of workers has been charged and filed by lawsuits by several contractors. The contractors filed lawsuits against LAlumina soliciting money after they claim agreements for goods and services...
According to the Shanghai Metals Market, China’s alumina production started the year with a drop of 1 per cent month-on-month in January 2021. Compared to 5.96 million tonnes in December 2020, China produced 5.90 million tonnes of alumina in January 2021. This included 5.69 million tonnes of...
Guinean mining logistics company United Mining Supply (UMS) is looking for sourcing alumina to produce specialty alumina at Alteo plant in France. This news came in late January after UMS chairman Fadi Wazni told S&P Global Platts. UMS took over the charge of Alteo’s production site near the...
Rusal, a leading global aluminium producer, has announced operating results for the fourth quarter of 2020 and full-year ending on December 31, revealing that its bauxite production decreased in Q4 by 7.6 per cent Q-o-Q to stand at 3.539 million tonnes. In Q3, bauxite output was at 3.829 million...
The Board of Directors of Vedanta has approved the expansion of existing capacity of Lanjigarh Alumina Refinery, as announced by Anil Agarwal’s Vedanta Ltd. On 4 th February 2021, during its regulatory filing, Vedanta stated that the Board of Directors of the Company at its meeting which was held...
Alumina production in East & Central Europe improved 14,000 tonnes or 3.48 per cent month-on-month in December 2020 to 416,000 tonnes. The output in November was down by 10,000 tonnes or 2.43 per cent from 412,000 tonnes in October to 402,000 tonnes. Total production in the fourth quarter came in...
Global alumina production stood at 11.840 million tonnes in December 2020, an increase of 5.06% from 11.270 million tonnes in December 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Tuesday, 26 January 2021. On a month-on-month comparison, the output...
