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 $5.6b South32 alumina, aluminium and bauxite asset deal
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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LME aluminium continued rising through yesterday over alumina market concerns closing at US$ 2243.50 per tonne
News of full curtailment of production at Norsk Hydro’s Alunorte alumina refinery in Brazil spurred a 4.5% spike in the three-month aluminium price, pushing it to an intraday high of US$2,267 per tonne, its highest level since June. Aluminium prices rally in LME started consolidating at the close...
Alumina producers’ shares climb world-wide as a result of Hydro’s production shut
Alumina producers, including South 32 and Alumina Limited, on Thursday, October 4, reportedly experienced a sharp rise in shares post Norsk Hydro’s announcement of production shut at the world’s biggest alumina refinery Alunorte. Shares in Alumina Ltd rose as much as 11 percent on Thursday, October...
LME aluminium prices climbed 3 per cent to 5-week high as Hydro shuts Alunorte
LME aluminium prices climbed 3 per cent and to their highest in nearly five weeks on Wednesday after the news broke that Norsk Hydro said it would halt production at its Alunorte alumina refinery in Brazil, generating fear of tighter alumina supply. Aluminum outperformed all other base metals while...
NALCO discloses new business plan to increase profit and turn the firm into a hardcore business organisation
NALCO CMD Dr. Tapan Kumar Chand disclosed a new business plan on Monday, October 1, 2018, to increase company’s 3-digit profit figure to 4-digits and 4-digit turnover to 5-digits. Under the new business plan, the company intends to put a complete focus on business excellence so as to turn into a...
Union says meeting with Alcoa again over strike at Australian aluminium project
The union at Alcoa’s aluminium operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer. Unionised workers at two alumina refineries and...
Netherlands alumina import volume rises in H1 2018 but the import cost stands down
According to a research report, the Netherlands is the ninth largest export economy in the world, exporting $435 billion of goods each year, out of which aluminium accounts for US$ 1.74 billion on average. In 2017, in particular, the Netherlands’ aluminium export accounted for US$5.62 billion,...
Jamaica’s alumina export volume to see a YoY growth in 2018 along with a sweeping rise in revenue
The existence of aluminium ore in Jamaica was known by scientists from the beginning of the 19th Century and by 1957, the country became the leading bauxite producer in the world. The production of alumina also increased, especially after the mid-1960s. By 1968, Alcan had brought the capacity of...
Alumina 2018 Conference in Gladstone kicks off today with delegates from Australian and international alumina industry
Alumina 2018, the 11th AQW International Conference, which starts today in Gladstone Queensland is organised by the Alumina Quality Workshop (AQW) Inc. and is expected to attract 300 industry players to the city from all over the world. The three-day global mining conference has kicked with more...
China's aluminium smelters cut output in August as costs mount - Reuters
China’s aluminium producers cut output by 3 percent in August from the month before, government data showed on Friday, as high raw material costs squeeze their profit margins. China, the world’s biggest aluminium producer, churned out 2.84 million tonnes of the metal last month, according to the...
Global alumina prices likely to stay bullish through 2018 on supply disruptions and tight market
The price of alumina could hit another record high before the end of the year as supplies become increasingly tight with one after another happening disrupting the smooth supply of the key raw material. Spot alumina price saw some unprecedented highs in 2018 first half and doubled to about $700 per...
Hydro striving to convince Brazil for full resumption at Alunorte refinery
Followed by the two deals pledging social and environmental action, Norsk Hydro is striving to convince Brazilian authorities to allow it to resume full production at Alunorte refinery, reported the company’s top executive. The deals, signed on September 5 in Brazil, were an important step but did...
Canada's alumina import to grow in 2018 from a year earlier; Brazil to be the top exporter
As per the data shown by Aluminium Association of Canada, Canada’s primary aluminium industry is the fourth largest in the world with an annual production of 3.2 million tonnes of primary aluminium, using the lowest carbon footprint. Alcoa, Aluminerie Alouette and Rio Tinto operate 10 plants in...
Higher demand and price for alumina and manganese lifted South32 annual profit by 16%
South32 and Alumina Ltd. have announced strong financial performances yesterday predominantly due to their alumina operations. After Alumina Limited reported doubling of profits in H1 2018, South32 posted a 16 per cent rise in its annual underlying earnings on Thursday, as healthy demand for...
Alumina Limited net profit up 110% in H1 2018 on higher global alumina prices
Alumina Limited, a bauxite and alumina company, today reported a net profit after tax of US$286.4 million for the half-year 2018, a 110% increase on the same period of 2017. Margins jumped on the back of higher global alumina prices during H1 2018. AWAC is Alcoa World Alumina & Chemicals, a joint...
Global alumina price surge supports Brazil’s alumina export to the US in H1 2018
After China and Australia, Brazil ranks as the third largest alumina producer in the world and plays a dominating role as alumina supplier. Hydro’s Alunorte that located at Para, Brazil, is known to be the world’s largest alumina refinery that exports almost 86 per cent of its total production to...
India's alumina export on the rise QoQ in Q1 2018; export revenue expected to rise further due to higher alumina prices
After the publication of Q1 2018 results, Nalco CMD TK Chand said alumina business is pushing up Nalco profitability. He said the PBT from alumina segment stood at INR 1125 crore. Nalco drives the alumina export segment in India every year being the top alumina producer and exporter. Nalco...
Hindalco reports record EBITDA of US$ 220 million in Q1 FY19 for its aluminium business including Utkal Alumina
Hindalco reported Q1 FY19 results for Utkal Alumina, Hindalco standalone, as well as Aluminium Business. Though alumina production was marginally lower due to planned maintenance shutdown in one of the refineries, Hindalco reported an EBITDA of INR 1,531 crore (US$ 220 million) and a margin at 27...
Nalco surpasses its highest recorded net profit at INR 687 crore against 34% revenues jump in Q1 2018-19
National Aluminium Company (Nalco), one of the largest integrated aluminium companies, wears a success hat for recording a fivefold jump in net profit in the first quarter of financial year ending on June 30, 2018. From INR 129 crore in the year-ago period, the state-run firm’s net profit has...
