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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The average alumina spot price has extended growth by RMB 3 per tonne to RMB 2,525 per tonne, according to Shanghai Metals Market. Limited supply of the ore in the market due to lower production at refineries is primarily responsible for the continued growth in the alumina spot price. In the east,...
The average alumina spot price has increased in China by RMB 6 per tonne after remaining restrained for a day, found Shanghai Metals Market. The price, as of today, February 10, is hovering at RMB 2,467 per tonne. In the east and north, the price has recorded a rise of RMB 20 per tonne and RMB 10...
The global trade data suggests a year-on-year drop of 14 per cent in the Netherlands’ total alumina imports in 2020. From 1.45 million tonnes in 2019, the imports at the end of 2020 are likely to come in at 1.24 million tonnes, showed the data. Jamaica is expected to continue as the main exporter...
Indonesia stands aligned with the top bauxite production nations and still, its alumina production and export have not been considered at a high level. But in recent years it has shown some gradual rise in alumina exports (2016-20). The Alumina export of Indonesia has shown a growth of 96.29% when...
The expected import for alumina has shown de-growth of 6% for South Africa which is accounted to 2.42 million tonnes for 2020, in comparison to 2.58 million tonnes in 2019. South Africa is not a major producer of aluminium in the African region. Guinea, Mozambique and Ghana are the leading...
The Odisha High court decision that allowed Vedanta to take part in the tenders for the sale of its surplus alumina was challenged by Nalco. During the time, the lower court had welcomed Vedanta’s argument that it was competent to take part in the tenders as it operated from an export-oriented...
The alumina import of China, the major raw material for the production of aluminium metal, has been accounted for 1.24 million tonnes during the first eleven months of the year’19, a rise of 167.51% as compared to the same period last year, as per the latest data from the Chinese customs...
Alumina market recovered from the price volatility of last year, which was driven by 50% capacity cuts in Alunorte alumina refinery, workers strikes in Alcoa refineries and sanctions against Rusal. Australian alumina FOB price, which shot up to US$ 710 per tonne in April 2018, plunged to the lowest...
Rio Tinto and Hydro recently executed the first ever paperless trade in the alumina commodity segment. Both the companies used the CargoDocs solution from essDOCS for the transaction. This also marks the first ever paperless trade solution for alumina shipment by any company and also the first use...
As shown by the latest US Geological Survey data on bauxite and alumina imports in the third quarter of 2019, the United States imported 929,000 tonnes of crude and dried bauxite, less 10% per cent from Q2 2019 and 5 per cent from the same period last year. The volume is slightly more than those in...
National Aluminium Company Ltd (Nalco) plans to restructure its alumina sales strategy in international markets. The alumina producer, which has been selling its surplus alumina in spot markets instead of its earlier strategy of long term contracts, is planning to switch over to long terms...
National Aluminium Company (Nalco), on Tuesday, December 3, once again appealed the Supreme Court to challenge the Odisha High Court’s March order that allowed Vedanta’s Jharsugda unit to participate in the tender for the sale of surplus 30,000 tonnes of metallurgical grade calcined alumina. In...
A00 aluminium ingot price stood RMB30 per tonne or 0.21 per cent higher on Friday, 29 November 2019. Aluminium price increased to RMB13990 per tonne, from its previous price of RMB13960 per tonne on November 28. The price is expected to move within a range of RMB 13970-14010 per tonne. Spot...
Shanghai Metals Market survey found China’s alumina output in October stood at 5.86 million tonnes, with metallurgical-grade materials accounting for 5.61 million tonnes. This brings the total alumina production in the first ten months in China to 57.6 million tonnes, down 0.95 per cent from the...
The alumina price on a FOB Australia basis rose to US$285 per tonne on October 28 in the beginning of the week ending Friday November 1, Shanghai Metal Market data shows. It is the highest since early October. The price is driven by renewed demand for imported alumina in China because of restocking...
After the month-on-month fall in August 2019, China’s General Administration of Customs data found that China’s alumina import in September 2019 grew from the previous month by about 25 per cent to stand at 147,000 tonnes. In August, the import volume was at 120,000 tonnes after dropping by 40 per...
The London Metal Exchange's alumina contract has started trading last week and multiple lots of 50 tonnes were traded on Thursday 17 October 2019 at US$284 per tonne for November 2019 and US$294 per tonne on the January 2020 contract. The contracts were settled on a basket of CRU's alumina price,...
Vietnam started producing alumina in the year 2011 in the Central Highlands. Tan Rai alumina refinery worth $460 million, invested by state mining group Vinacomin started operation in February 2011 and export in March. Now, Vietnam has become one of the emerging alumina producing hubs on the shores...
