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...
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According to the latest data shown by the US Geological Survey, the United States imported 416,000 tonnes of alumina in the first quarter of 2021. This represented a quarter-on-quarter hike of 102,000 tonnes or 32.48 per cent from 314,000 tonnes of bauxite imported in Q4 2021. On a year-on-year...
Presently, Bosnia Herzegovina is considered an upper-middle-income country, achieving great results since 1995. The economy still deficient competitiveness and the government introduced a structural reforms program for 2019-2021 to encourage private investments and exports. The Covid-19 pandemic in...
Eti Alüminyum Seydişehir Plant is the only integrated aluminium plant producing aluminium from ore in Turkey. The continuous investment has made it able to adapt to technological conditions of the age and to acquire competitive power in the international markets, making considerable contributions...
The Swedish economy is losing its pace for recovery in short term, but the foundation is in place for a strong rebound later in 2021. Unemployment is expected to decline, while inflationary pressures remain subdued, but the outlook is elusive due to upside-down statistics and incoherent signals...
In the fourth quarter of 2020, the United States alumina imports stood at 314,000 tonnes, reflecting a marginal decrease of 2,000 tonnes quarter-on-quarter. In Q3 2020, the United States had imported 312,000 tonnes of alumina – 13.57 per cent less than 361,000 tonnes in Q2 2020. On a year-on-year...
According to the latest data revealed by the Shanghai Metals Market, China produced 5.86 million tonnes of alumina in February 2021, marking the second consecutive month of decline, albeit slower than the previous month. In January, China’s alumina production was at 5.90 million tonnes, meaning the...
The economy of Italy was massively stroked by the worldwide financial crash and only emerged from a recession in 2015; however, the country’s GDP remained around 4% lower than the 2007 level. Now, after it languished in 2019, the economy was severely affected by the COVID-19 pandemic, as the...
According to the IMF, the economy of Mozambique is forecasted to rise 4.7% in 2021, supported by the post-pandemic global economic recovery, reconstruction efforts, the recovery of the agricultural sector, the gradual easing of monetary conditions, and the clearance of supplier payment arrears. The...
Guinean mining logistics company United Mining Supply (UMS) is looking for sourcing alumina to produce specialty alumina at Alteo plant in France. This news came in late January after UMS chairman Fadi Wazni told S&P Global Platts. UMS took over the charge of Alteo’s production site near the...
World alumina production in November 2020 stood at 11.385 million tonnes, representing a month-on-month downfall of 1.10 per cent, according to the data revealed by the International Aluminium Institute (IAI). In October, world alumina output was 11.511 million tonnes, up by 6.04 per cent from...
The United States imported 312,000 tonnes of alumina in the third quarter of 2020, bringing the total imports in the first nine months of the year to 1.03 million tonnes, according to the latest US Geological Survey data. On a quarter-on-quarter, the United States alumina imports in Q3 stood lower...
The Marseille commercial court was due on 8 th December’20 to examine the two takeover bids submitted for the speciality alumina unit at Gardanne in Southern France. But one of the two bidders withdrew. The inter-union hopes to reduce the social impact of the remaining offer carried by United...
Aluminium Bahrain (Alba) has inked a Memorandum of Understanding (MoU) with alumina producer Hangzhou Jinjiang Group Co. Ltd (HJJ) for securing Alba’s alumina requirements. Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa commented: “This Memorandum of Understanding...
At the 2020 Nonferrous Metals Industry Chain Annual Conference in Suzhou, Joyce Li, senior analyst at SMM, noted that China’s alumina market would likely see a supply deficit of 361,000 tonnes in 2020, with annual average operating rate at refineries at 78.03 per cent. “Operating rates at Chinese...
The economic situation of Argentina remained frightful in Q3 after GDP collapsed in Q2. While the pace of the decline in economic activity softened in July-August from Q2, it remained considerable. Similarly, consumer confidence remained downbeat in Q3, pointing to constrained household spending....
Hydro announced that its official sponsorship of the 38th edition of ICSOBA. The event, one of the largest Bauxite & Alumina trade events in the world, will take place online from November 16 to 18. The public can visit exhibition stands, download technical material, access virtual meeting rooms,...
According to the Shanghai Metals Market, China’s alumina production in October 2020 came in at 6.16 million tonnes, including 5.95 million tonnes of metallurgical-grade alumina. This marked an increase of 4.23 per cent from 5.91 million tonnes of output in September 2020. The average daily output...
The Jamaican economy is hugely dependent on services, which accounts for more than 70% of GDP. The country derives most of its foreign exchange from tourism, remittances, and bauxite/alumina. The FocusEconomics panellists see the economy contracting 6.4% in 2020, before growing 3.3% in 2021, which...
