Ireland’s Department of Enterprise has withheld the release records of discussions between its secretary general and Aughinish Alumina management, citing “highly confidential information” shared by the company. The decision comes as scrutiny intensifies over the Limerick refinery’s alumina exports...
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...
Grow with
AL Circle
Glencore comes to headlines for its ‘blow for blow’ move! After losing its aluminium segment trader to Vitol, it reportedly replenishes its alumina trading segment with a new joinee from Guvnor. The latter entity’s alumina trader, Zach Mayer, is reportedly leaving his position to join Glencore Plc...
Jamaica’s alumina export value increased by 25.9 per cent, totalling US$447.3 million during the first nine months of 2024. This growth has contributed to a 17 per cent rise in Jamaica’s overall export revenue from the mining and quarrying sector to US$500.7 million. In the first quarter of 2024,...
Futures Market: Before the holiday, the most-traded alumina 2505 futures contract opened at RMB 3,586 per tonne, reached a high of RMB 3,628 per tonne, a low of RMB 3,570 per tonne, and closed at RMB 3,606 per tonne, up RMB 20 per tonne or 0.56 per cent. Open interest was 95,800 lots, down 2,105...
Recently, no new transaction prices have been observed for imported bauxite from Guinea, as buyers and sellers remain in a standoff. However, both supplier quotations and the intended prices from bauxite buyers have shown a decline, suggesting that the price of imported bauxite from Guinea may...
During the night session, the most-traded alumina 2502 futures contract opened at RMB 3,800 per tonne, with a high of RMB 3,806 per tonne and a low of RMB 3,772 per tonne, closing at RMB 3,784 per tonne, down RMB 17 per tonne or 0.43 per cent. Open interest stood at 48,700 lots. As for spot alumina...
Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. The price centre of recent spot alumina transaction prices remains on a downward trend, but the decline has narrowed compared to earlier periods. As of now, alumina...
In the Futures Market, during the night session, the most-traded alumina 2502 futures contract opened at RMB 3,832 per tonne, reached a high of RMB 3,861 per tonne and a low of RMB 3,804 per tonne, and finally closed at RMB 3,838 per tonne, down RMB 36 per tonne or 0.94 per cent. Open interest...
[ SMM Morning Comment on Alumina: Increased Low-Price Transactions Domestically and Internationally, Short-Term Alumina Prices Expected to Decline] : Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. Low-price spot...
History repeated itself, yet again! After iron, Glencore Plc is on the verge of losing its top aluminium segment traders to new competitors like Vitol Group and Mercuria Energy Group Ltd. This is the latest hint that energy firms’ return to metals is fuelling a talent war in the industry. Image...
According to SMM data, China's metallurgical-grade alumina production in December 2024 (31 days) increased by 1.67 per cent M-o-M and 9.80 per cent Y-o-Y. As of December 31, China's metallurgical-grade alumina existing capacity was approximately 103.02 million tonnes, with actual operating capacity...
According to the United States Geological Survey, the United States alumina imports through the first three quarters of 2024 reflected a year-on-year downfall of 1.1 per cent, despite sequential growth in the second and third quarter of the year. Image Source: iStock A sharp fall in Q1 by 20.33 per...
Shares of NALCO saw a sharp decline of over 7 per cent on Thursday, December 12, dropping to their lowest point of the day. Answering to the question of why several key factors have weighed in on this nationally and internationally. The primary trigger appears to be the movement in alumina prices,...
In a recent news piece by S&P Global, the report of Rio Tinto Group removing the halt on alumina exports from its Gladstone refineries in Australia has come up. "... We received notice that [the] FM has been lifted [and] operations are close to normal," an Australia-based trader said. At least four...
On Friday, November 15, the average alumina spot price closed the week with a growth of RMB 33 per tonne to settle at RMB 5,600 per tonne. The alumina prices have shown incredible growth since September arriving at RMB 5,600 per tonne as of today. Image Source: Itaforte The prices have grown in...
As the week progresses, on Thursday, November 14, the alumina price surge trend, witnessed since the initial days of September, continues its upward climb in a similar ratio. Image Source: https://www.made-in-china.com/ Alumina pricing Today, the nearly colourless crystalline substance stood at RMB...
On November 08, 2024, Shanghai Metals Market saw the price of alumina rise to RMB 5,391 per tonne on average. However, the real eyecatcher was the price climb in the provinces of Lianyungang and Bayuquan. The price of alumina has been on a rapid surge spree since the beginning of September. Despite...
Iran's alumina powder production reached 96,685 tons in the first five months of the current Iranian calendar year, running from March 20 to August 21, as reported by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). Despite ongoing economic and geopolitical...
As week four of October progresses, the price of alumina, too, advances towards touching RMB 5000 in the Shanghai Metals Market, which can be safely said to be the highest in the known time frame. On Thursday, October 24, alumina prices in the SMM market touched RMB 4,810 per tonne, whereas some of...
