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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Nalco attributes its lowest bauxite production cost for 29% hike in net profit and 21% in net sales during FY2019
The Navratna PSU under Ministry of Mines, National Aluminium Company, has reportedly issued its performance report of fiscal 2019 ended on March 31, registering the best financial and production performance in a decade. With the net profit of INR 1,732 crore, Nalco posted a 29 per cent jump from...
An abundant global alumina market likely to put pressure on aluminium prices in 2019
Norsk Hydro’s Alunorte refinery in Brazil with a production capacity of 6.3 million tonne has been given approval to restart production by the Brazilian authorities. Though it was expected by the market, the move came earlier than time taking the industry by surprise. A Brazilian federal court has...
China’s alumina import to rise in coming months on tight local supply due to Xinfa refinery shutdown
China’s alumina import is estimated to rise in the coming months as the shutdown of Xinfa alumina refinery in early May could affect the local supply. Market sources said on Tuesday, May 28, that the amount of import may range between 60,000 tonnes to 160,000 tonnes. An Australian refinery source...
A00 aluminium ingot price registers an increase after five days; Australian alumina FOB down USD3/t
A00 aluminium ingot price registers an increase after five days of fall. Ingot price on Friday, 24 May 2019 increased from RMB14160 per tonne to RMB14230 per tonne. This marks a growth of RMB70 per tonne or 0.49 per cent. The average price is expected to range at RMB14210-14250 per tonne today....
Alumina Limited warns shareholders of a less lucrative year ahead on lower alumina prices and growth spending
Alumina Limited warned its shareholders that the company is getting into a period of increased spending on growth which might affect shareholder returns in the coming years. The warning came after Alunorte had resumed production with the lifting of the embargo. The company management told its...
PT Inalum building an alumina refinery in Mempawah, West Kalimantan
PT Indonesia Asahan Aluminium, better known as Inalum, is reportedly building an alumina refinery in Mempawah, West Kalimantan, the completion of which will save the company’s raw materials costs reaching US$200 million, said Executive Advisor Oggy A. Kosasih on Saturday, May 18. In addition, the...
Chinalco again raises alumina floor price by RMB200/t
Aluminium Corporation of China (Chinalco) again increased the floor price of non-metallurgical alumina, as further shutdowns in Shanxi province grew market concerns about lower supplies, as updated by Shanghai Metals Market. The company raised alumina floor price for the fifth time since April....
China’s production of alumina up 4.2% in April: NBS
As updated by Shanghai Metals Market, China’s production of alumina stood at 24.54 million tonnes in the first four months of 2019. China produced 6.28 million tonnes of alumina in April, showed the latest data from the National Bureau of Statistics (NBS). Production in April increased by 4.2 per...
Brazil federal court lifts one of two production embargoes on Hydro Alunorte alumina refinery
A Brazilian federal court has lifted one of two production embargoes on Hydro Alunorte alumina refinery under the civil lawsuit on Wednesday, May 15, though full production will not restart until the production embargo under the criminal case is lifted. “Alunorte is still subject to a production...
Chinalco raises alumina floor price for the fourth time to RMB 3050/tonne
According to Shanghai Metals Market, Aluminium Corporation of China (Chinalco) further raised the floor price of non-metallurgical alumina. This is the fourth time since April that Chinalco has increased the floor price of alumina. The further rise brings the price to RMB 3,050 per tonne, which...
Environmental upgrading, maintenance and losses kept China’s April alumina output away from SMM’s expectations
China’s production of metallurgical-grade alumina in April failed to meet Shanghai Metals Market expectations despite expanding 0.1 per cent year on year to peg at 5.81 million tonnes, found SMM survey on Wednesday, May 8. Environmental upgrading, maintenance, and losses were some of the factors...
South Africa’s alumina import to rise in 2019 after a drop last year
The aluminium industry in South Africa is one of the driving forces of the country’s economy. Along with the economic impact and contribution to the fiscus, the industry generates significant foreign exchange revenues and provides an estimated 11,600 employees in the sector with decent jobs....
LME Asia Week starts today, May 7, 2019, at Hong Kong with industry experts discussing metals
LME Asia Week is staring today, May 7, 2019, at Hong Kong with over 2,000 metals professionals and media converging together. The week will see industry experts discussing a number of topics around precious, base and ferrous metals. Ian Roper, general manager of SMM Singapore said during LME Asia...
RUSAL 1Q19 alumina production up 2% YoY; bauxite output rises 29% YoY
RUSAL has announced its operating results for the first quarter 2019. Total alumina production stood at 1,932 thousand tonnes in 1Q19, up 2.1 per cent from 1,892 thousand tonnes in 1Q18. On-quarter-on-quarter comparison, production declined 1.3 per cent from 1,958 thousand tonnes in 4Q18. Russian...
CHALCO’s profit rises 46% in first quarter of 2019; aluminium production drops
Aluminum Corporation of China Limited (CHALCO) announced that its net profit stood at RMB444.9 million in the first quarter of 2019, up 46 per cent from RMB304.5 million in the first quarter of 2018, as aluminium prices stabilised and asset disposals swelled its bottom line. Revenue for...
Supreme Court admits NALCO’s petition for hearing on surplus alumina sales to Vedanta
According to the latest media report, Supreme Court admits NALCO’s petition for hearing on alumina sales tender to domestic customers. It was earlier reported that Nalco urged the Supreme Court to challenge Odisha High Court for allowing Vedanta’s Jharsugda unit's participation in the tender...
Nalco challenges Odisha HC for allowing Vedanta participating in alumina sale tender
A navratna CPSE National Aluminium Company Limited (Nalco) has reportedly urged the Supreme Court to challenge Odisha High Court for allowing Vedanta’s Jharsugda unit's participation in the tender floated by Nalco for the sale of surplus alumina. Nalco pointed out that according to policy the...
Vedanta’s Lanjigarh refinery targets to produce 2 million tonnes of alumina this year, says CEO Rahul Sharma
On asking about the current status of Vedanta’s Lanjigarh alumina refinery’s production capacity, CEO Rahul Sharma said, “Vedanta expects to raise Lanjigarh alumina refinery's capacity to 2 million tonnes this year.” He also said, “Growth is likely to double in next 5 years," while continued saying...
