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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China’s alumina imports continued to surge in September by 331.9% YoY, while exports dropped
After the month-on-month fall in August 2019, China’s General Administration of Customs data found that China’s alumina import in September 2019 grew from the previous month by about 25 per cent to stand at 147,000 tonnes. In August, the import volume was at 120,000 tonnes after dropping by 40 per...
Bauxilum suspends bauxite, alumina production for unstable power supply and mismanagement
According to a recent report, CVG Bauxilum , Venezuela state-owned bauxite and alumina producer, has suspended its bauxite and alumina production due to a lack of imported materials, stable power supply, and mismanagement. The company and union officials said they renounced the plans of ramping up...
Vedanta’s alumina cost falls to a two-year low on increased coal and bauxite supplies
Improved availability of coal from linked mines and robust output of around 1 million tonnes per annum from Vedanta’s captive Chotia block has helped the company achieve cost competitiveness in the manufacture of alumina. According to a report, Vedanta’s alumina cost at Odisha’s Lanjigarh refinery...
Rusal’s bauxite production records a QoQ decline of 6.9% in Q3 2019
United Company Rusal in its third-quarter result of 2019 reports a decline of 6.9 per cent in bauxite production from 4,242 thousand tonnes in Q2 2019 to 3,948 thousand tonnes. In the first nine months of the year, the company, as per the report, produced 12,021 thousand tonnes of bauxite, compared...
Hydro's EBIT for Bauxite & Alumina up 16% QoQ in Q3 2019
Hydro released results for the third quarter of 2019. Underlying EBIT for Bauxite & Alumina decreased by 30% compared to the third quarter of 2018. The Underlying EBIT stood at NOK 481 million in Q3 2019, down from NOK 685 million in Q3 2018. But EBIT was up 16% quarter-on-quarter. “The results...
South32 achieves record production at Brazil Alumina in the September quarter; output up 14% QoQ
South32 reported alumina production of 1.3 million tonnes in the first quarter, unchanged from the prior quarter. But the production increased 13% year-on-year. Production at Brazil Alumina increased by 14% quarter-on-quarter to a record 356,000 in the September 2019 quarter as the refinery...
Alcoa sees global aluminium deficit of 800 thousand to 1.2 million tonnes in 2019
Alcoa continued to project a global aluminium deficit ranging between 800 thousand and 1.2 million tonnes in comparison to 1.0 million and 1.4 million tonnes projected in Q2 2019. The company lowered its global aluminium demand growth projection for 2019 to a range of -0.6 percent to 0.4 percent...
Rio Tinto’s Q3 2019 bauxite production up 9% YoY; alumina production down 7%
Rio Tinto’s third quarter bauxite production stood 9% higher than the same period of 2018, with increased production across all sites. Production came in at 13.79 million tonnes, up 3% quarter-on-quarter. Bauxite production stood at 39.96 million tonnes in the first nine months of 2019, with a...
The month of September closed with a slight rise in alumina price in China; international prices remain low
According to Shanghai Metals Market, the alumina output in China stood at 5.82 million tonnes in August and is likely to be about 5.8 million tonnes in September. Shanghai Metals Market report shows, the average spot price of alumina in China has extended its rise in September, which started during...
Vietnam’s alumina exports to India likely to record a steady growth of 26% in 2019
Vietnam started producing alumina in the year 2011 in the Central Highlands. Tan Rai alumina refinery worth $460 million, invested by state mining group Vinacomin started operation in February 2011 and export in March. Now, Vietnam has become one of the emerging alumina producing hubs on the shores...
EGA’s Al Taweelah alumina refinery achieves 600,000 tonnes production milestone
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates, announced that its Al Taweelah alumina refinery produced 600,000 tonnes of alumina since operations started in April 2019. The plant’s average daily production was 88 per cent of Al Taweelah alumina refinery’s...
A00 aluminium ingot price extends growth by RMB30/t; Australian alumina FOB stands at USD293/t
A00 aluminium ingot price started the week higher at RMB 14310 per tonne on Monday, 23 September 2019. That was up by RMB 30 per tonne or 0.21 per cent from its previous price of RMB 14280 per tonne on Friday. The price is expected to move within a range of RMB 14290-14330 per tonne. Wuxi witnessed...
China's Henan Shenhuo postpones commissioning of the first phase of its Yunnan aluminium smelter
According to a Reuters report, China’s Henan Shenhuo Group has postponed commissioning of its new aluminium smelter in Yunnan province as the construction could not be completed due to poor weather. The 6.75 billion yuan ($952 million) project in Wenshan prefecture included an integrated hydropower...
Aughinish Alumina’s pre-tax profits in 2018 shrank YoY despite a 15% growth in revenues
A recent report shows the revenues of Aughinish Alumina refinery in 2018, ended on December 31, increased by 15 per cent over the year to stand at $757.1 million (€684 million) in spite of the US Treasury sanctions imposed on Aughinish’s parent company Rusal. During the time of the sanctions, the...
UAE’s alumina imports from India to drop by 1% from the year ago, but from Indonesia to rise 8.4%
According to the global export-import data, the United Arab Emirates’ alumina imports from India is likely to drop marginally this year, in tandem with the current estimation of year-on-year decline in the UAE’s total imports of alumina. In 2019, the country’s alumina imports from India are...
China and world alumina market in the first two weeks of September
The month of September marks the end of third quarter of the financial year for a number of companies. The month indicates how the market and industry is going to turn out in the next quarter. Let’s browse through how the alumina industry and the market fared in the first two weeks of September....
China’s daily average alumina production in August drops by 4,000 tonnes M-o-M
Shanghai Metals Market found the alumina output in China stood at 5.82 million tonnes in August, with metallurgical-grade alumina accounting for 5.57 million tonnes. Daily average production of metallurgical-grade alumina came in at 180,000 tonnes in August, down 4,000 tonnes or 2.2 per cent...
Alumina Ltd CEO forecasts alumina surplus of around 0.5 mt in China in next three years
Michael Peter Ferraro, Alumina Limited - MD, CEO & Executive Director forecasts a modest surplus of alumina during the remaining months of 2019. He also forecasts on the Chinese alumina supply/demand balance over the next few years. He sees small alumina surpluses of around 0.5 million tonnes or...
