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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HPA demand in Asia-Pacific to grow at CAGR 13.5% to reach at $4.3 bln by 2022
The worldwide demand for high purity alumina is on the rise. The mineral with purity level equal to or greater than 99.9 per cent finds use in single crystal materials such as sapphires for watch covers, translucent tubes for high-pressure sodium lamps, high-strength ceramic tools and abrasives for...
China alumina imports tumble 71.5% MoM in April
According to China Customs, China imported 102,600 mt of alumina in April, down 71.5 per cent MoM. The share of Australian alumina to China’s total imports surged from 42.6 per cent in March to 95.1 per cent in April. Imports from India, Vietnam and Brazil all fell to less than 1,000 mt, with their...
China’s 2016 alumina output to rise 5% on year to 61 million mt: Antaike
China’s alumina output in 2016 is expected to reach 61 million mt, up 5.2% from realized output of around 58 million mt in 2015, an analyst from state nonferrous information division Beijing Antaike said Tuesday. The forecast figure was also up 17.3% from the 52 million mt produced in 2014 and up...
NALCO posts INR 731 cr net profit in 2015-16
At a time when 70% aluminium companies world over have reported loss, as also reduced production, and the aluminium industry is reeling under heavy pressure due to sluggish international market, National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India,...
Alcoa schedules more plant layoffs
Another wave of layoffs was announced at the Alcoa Point Comfort plant this week after the company initially hit the brakes on production in November. Notices were given to employees this week at the Point Comfort plant that detailed when the latest round of layoffs will begin. An estimated 60...
China alumina output to grow further in May, SMM expects
China’s alumina output will continue growing in May due to release of restarted and new capacity, SMM predicts based our survey. Alumina price rally, which began in February, has allowed most alumina producers to enter profit territory in terms of cash costs. This triggered massive capacity...
Vedanta to produce 1.5 mt aluminium in FY17
London-listed Vedanta Resources has firmed up plans to hike production of both aluminium and alumina in the country during the current fiscal. While the overall aluminium output from its smelters at Jharsuguda and Balco's smelting unit at Korba is expected to move up 60 per cent, production at...
China's first overseas alumina production starts in Indonesia
A Chinese-invested alumina refinery was officially put into production on Saturday in Indonesia. The refinery invested by China Hongqiao Group Limited and Winning Investment (HK) Company Limited, is the first giant alumina project that Chinese companies have invested in overseas. The two Chinese...
China alumina supply deficit to turn into surplus, SMM predicts
Alumina supply in China will gradually shift into a small surplus with release of new and restarted alumina capacity in May, SMM foresees. SMM estimates about 200,000 tonne supply deficit in domestic alumina market, excluding imported alumina. There is still room for alumina prices to rise in the...
CBIX up, Malaysia exports to resume
Bauxite prices were up 3.5 per cent (US$1.5/dmt), closing at US$44.9/dmt for the week, driven by higher ViU-priced cargos from Brazil. In Malaysia, AK and Spring Energy have resumed mining and are planning to export through Kemaman port, some 20-30km north of Kuantan port. We therefore expect to...
Nalco turns world's cheapest alumina producer
Public sector aluminium firm National Aluminium Company (Nalco) has achieved the rare distinction of becoming the world's cheapest alumina producer. "Nalco is now the cheapest alumina producer in the world. We have cut alumina making cost by $30-40 per tonne", said Nalco's chairman and managing...
UC RUSAL invests $2 mln in Boksitogorsk alumina refinery modernization
UC RUSAL , a leading global aluminium producer, has commenced the modernization of the Boksitogorsk Alumina Refinery. The goal of the modernization programme is to increase the production of corundum, which is used in the manufacturing of abrasive and fire-resistant products. The project investment...
Growing supply to limit alumina price gains, SMM expects
While the latest round of alumina price rise in China is nowhere near end, future upside room will be curbed by growing supply from production recovery, SMM predicts. Alumina capacity restarts are still on the rise, while aluminium capacity restarts cannot keep up pace. This means alumina supply...
China alumina imports up 64.88% YoY in March
Customs data showed China imported 359,800 mt of alumina in March, up 64.88 per cent YoY, but down 3.37 per cent MoM. High profit encouraged Chinese alumina producers to step up production in March 2015, reducing demand for imported alumina. Alumina imports in March 2015 were partly affected by the...
Chinese alumina holds steady with no refining capacity restarts happening yet
Chinese domestic alumina prices continued their positive run in 2016, up 1.3 per cent (RMB25/t) to RMB1,989/t (US$306/t including VAT) in the north and up marginally, by 0.8 per cent (RMB15/t), to RMB1,880/t (US$290/t including VAT) in the south, revealed data released by Bauxite Index for the week...
RUSAL's alumina production declines in Q1 2016
Russia's United Company RUSAL Plc announced its operating results for the first quarter 2016. In first quarter, RUSAL's total alumina production was 1,873 thousand tons (-1.7 per cent QoQ). Alumina production at Non-Russian operations decreased by 4.3 per cent QoQ to 1,196 thousand tons due largely...
Yarwun, QAL's relief as alumina prices rise
Aluminium prices have risen slightly and demand is expected to stay strong. With Queensland Alumina Limited, Rio Tinto Yarwun and Boyne Smelters Limited relying on the price of aluminium to ensure their profitability, it is good news. The London Medal Exchange had the aluminium cash settlement...
EU General Court orders recovery of alumina tax exemptions
The General Court of the European Union issued judgments in joined cases upholding a decision of the European Commission ordering the repayment of tax exemptions granted by France, Ireland, and Italy for alumina production. Each of the countries- France, Ireland and Italy have only one producer,...
