Impact Minerals plans staged 4,000-tpa HPA production in US
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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The upswing of 168% YoY alumina import in China during Jan-Nov’19
The alumina import of China, the major raw material for the production of aluminium metal, has been accounted for 1.24 million tonnes during the first eleven months of the year’19, a rise of 167.51% as compared to the same period last year, as per the latest data from the Chinese customs...
Recap 2019: A surplus market for alumina at sight; benchmark prices drop about 33% over the year
Alumina market recovered from the price volatility of last year, which was driven by 50% capacity cuts in Alunorte alumina refinery, workers strikes in Alcoa refineries and sanctions against Rusal. Australian alumina FOB price, which shot up to US$ 710 per tonne in April 2018, plunged to the lowest...
EGA’s Al Taweelah refinery produces one million tonnes of alumina since first production
Emirates Global Aluminium announced that its Al Taweelah alumina refinery in Abu Dhabi produced one million tonnes of alumina since operations started in April. The refinery is now expected to reach sustained production at its nameplate capacity during the first half of 2020. Once fully-ramped up,...
China’s production of alumina down 9.7% in November: NBS
China’s production of alumina stood at 5.67 million tonnes in November, with a year-on-year drop of 9.7 per cent, showed the latest data from the National Bureau of Statistics (NBS). China produced 66.49 million tonnes of alumina in the first eleven months of 2019, a drop of 0.7 per cent from the...
China’s alumina production falls 1.84% YoY in Jan-Nov
Shanghai Metals Market data showed that China’s alumina production in November stood at 5.71 million tonnes, with metallurgical-grade materials accounting for 5.46 million tonnes. The output in the first nine months of this year decreased 1.84% year-on-year to 63.06 million tonnes. The production...
Nalco appeals SC again over Odisha HC’s order allowing Vedanta to participate in alumina sale tender
National Aluminium Company (Nalco), on Tuesday, December 3, once again appealed the Supreme Court to challenge the Odisha High Court’s March order that allowed Vedanta’s Jharsugda unit to participate in the tender for the sale of surplus 30,000 tonnes of metallurgical grade calcined alumina. In...
Antaike projects a surplus alumina market in 2020; prices to hover around US$ 342-413/t
As presented by Huo Yunbo, senior analyst with Chinese consultancy Antaike during Aluminum Week in Qingdao, China’s alumina production will increase to 74.35 million tonne by 2020 with new operations coming online, leading to a surplus of 730,000 tonne putting pressure on price. She projected...
China’s primary aluminium production to grow 2.5%, while consumption to inch up 0.3% in 2020: Liang Xuan
China’s production of primary aluminium might grow much faster than consumption in 2020, said SMM senior aluminium analyst Liang Xuan at 2019 China Nonferrous Metals Industry Annual Meeting. Xuan also pointed that this could put pressure on aluminium prices in turn in the coming year. Output of...
Lanjigarh alumina refinery receives Kalinga Safety Excellence Award
The metals and mining conglomerate Vedanta Limited’s Lanjigarh alumina refinery was reportedly granted with Kalinga Safety Excellence Award at Bhubaneswar. Under the 10th edition of Odisha State Safety Conclave 2019, organised by the Institute of Quality & Environment Management Services (IQEMS),...
Vedanta’s revenue in Q2 FY20 recorded a drop of 3% over the year as net sales plunged
Vedanta Limited in the late last week reported that its revenue in the second quarter of FY20 dropped by 3 per cent year-on-year to INR 21,739 crore. Net sales and EBITDA also dropped by 3 per cent and 15 per cent year-on-year from INR 22,432 crore to INR 21,739 crore and from INR 5,281 crore to...
Vedanta cuts aluminium production cost to $1852 per tonne during September quarter
As the aluminium prices on the London Metal Exchange (LME) entered the bearish zone, Vedanta Limited reduced the cost of its production (CoP) during the September quarter of FY20 to $1,852 per tonne. The LME prices (as on November 14) hovered at $1,756 per tonne for the cash buyer. At this price...
Press Metal Aluminium acquires a 25% stake in PT Bintan Alumina
According to a recent report, Press Metal Aluminium Holdings Bhd has bought a 25 per cent stake in PT Bintan Alumina Indonesia for US$80.23 million. The Southeast Asia’s largest smelter has signed a share subscription agreement with PT Mahkota Karya Utama (PT MKU) and PT BAI, and a shareholders’...
Chalco to make first bauxite shipment from Boffa mine by early-December
According to an official from parent and state-owned company Chinalco, Aluminium Corporation of China Limited, popularly known as Chalco, would make the first shipment from its Boffa’s bauxite mine in Guinea by early-December. Last month, a Chinalco official at the China Mining conference in...
ALRO’s consolidated turnover down 6% YoY in nine-month; primary aluminium production slightly up
ALRO S.A., one of the largest vertically integrated aluminium producers, by capacity, in Europe, announced its consolidated financial results for the first nine months of 2019. The Group’s turnover stood at RON 2.16 billion in the first nine months of 2019, down 6% year-on-year. ALRO Group...
China’s daily average alumina production in October rose 0.63% M-o-M
Shanghai Metals Market survey found China’s alumina output in October stood at 5.86 million tonnes, with metallurgical-grade materials accounting for 5.61 million tonnes. This brings the total alumina production in the first ten months in China to 57.6 million tonnes, down 0.95 per cent from the...
Hindalco Industries’ consolidated PAT drops 33% YoY in Q2 FY20
Hindalco Industries Ltd., a global leader in aluminium and copper, announced consolidated results for the second quarter ended 30 September 2019. Hindalco’s consolidated revenue stood at INR 29,657 crore, a decrease of 8.77% from INR 32,507 crore in the previous year. EBITDA was INR 3,918 crore in...
MYTILINEOS S.A. Metallurgy Business Unit joins ASI as new Production & Transformation member
MYTILINEOS S.A. Metallurgy Business Unit has become a Production & Transformation member of Aluminium Stewardship Initiative (ASI). This brings the total number of ASI members to 104. ASI is a global, multi-stakeholder, non-profit standards setting and certification organisation that aims to...
Alumina capacity in China to expand by 6.2 million tonnes in 2020, estimates SMM senior aluminium analyst
Liang Xuan, a senior aluminium analyst at Shanghai Metals Market, estimates China’s alumina market to turn into a “tangible surplus” in the fourth quarter of 2019, as the newly started refineries ramp up their domestic production and import arbitrage window opens. As per Liang’s estimation, alumina...
