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...
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...
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<p>At a time when Indonesia is considering a revision of its ore export policy, including deferment of the ban on processed ore exports by three to five years from January 2017, Customs data released by China last week showed that alumina imports from the South-east Asian country surged 191.1%...
<p>Indonesia raced past Australia to become China’s top alumina supplying country in the month of September, General Customs data of China showed. <br /><br />Alumina imports from Indonesia surged 191.1 per cent month-on-month to total at 81,800 tonnes, while the shipments from Australia...
<p>India's domestic aluminium producers have been long demanding for an import duty protection for aluminium to which the government has responded in the affirmative only very recently. Now, the likes of Vedanta Ltd., National aluminium Company (Nalco), and Hindalco have again come up with the...
<p>NRG Energy's Gregory Power Partners LLC objected to the bankrupt company Sherwin Alumina's November 10 emergency motion at the bankruptcy court to expedite the hearing and objection deadlines on its bankruptcy reorganization and asset sale plan.<br /><br />Alumina producer Sherwin Alumina has...
<p>CBIX was up 2.7% (US$1.3/dmt) on the back of high Value-in-Use (ViU) cargos from Australia and Brazil and the absence of any lower ViU cargos (e.g. from Malaysia) to counter-balance. Although Malaysian prices remain unchanged (US$27.5/dmt FOB un-washed and US$39.5/dmt FOB washed), an increase in...
<p>CBIX climbed 2.6% (US$1.2/dmt) to US$46.3/dmt on the back of higher ViU-priced Brazilian material. After the slight rise last week, Malaysian prices held, with unwashed material at US$27.5/dmt FOB and washed material at US$39.5/dmt FOB.<br /><br />The pace is quickening (if that’s...
<p>CME Group, the world's leading and most diverse derivatives marketplace, today announced that the first Alumina FOB Australia (Platts) Futures contracts were traded on Tuesday, Oct. 25, 2016. A total of 60 futures contracts, equivalent to 6,000 metric tons, were traded across the January through...
<p>CBIX eased 0.9% to close the week at US$45.4/dmt as some lower Value in Use (ViU) trades from Malaysia balanced higher ViU trades from Australia and Brazil. Prices in Malaysia have increased slightly, due to the influence of extended mining ban, with unwashed material at US$27/dmt FOB and a few...
<p>China’s alumina imports fell sharply both on a yearly and monthly basis in August.<br /><br />Customs data showed imports totalled 129,000 tonnes in August, down 41 per cent month-on-month and 68.3 per cent year-on-year. <br /><br /><br /><br />Australia remained the top supplier,...
<p>Alcoa’s board has approved the New York Stock Exchange-listed aluminium giant’s demerger into two public entities, scheduled to come into effect on November 1.<br /><br />Spin-off Arconic will provide high-performance materials and engineered products to the aerospace and automotive...
<p>China’s total alumina imports declined 68.31 per cent over the same period previous year to stand at 128,729 million tonnes (mt) in August. The volume shrunk during the first eight months of the current fiscal as well. It dropped 26.66 per cent YoY to stand at 2,027,202mt for...
<p>The Australian daily alumina price was assessed up $2/mt from Friday at $235/mt FOB Monday on Strong Chinese interest. It was up $4.50/mt on week. Chinese domestic alumina prices continued to climb, eradicating the premium for Australian material against Chinese domestic alumina in import parity...
<p>Since import market for alumina is tight and alumina supply in China is now in a deficit, this situation will allow prices of alumina to hold firm in September, an SMM forecast says.<br /><br />Aluminium production is in check and there are fewer orders from most large aluminium smelters in...
<p>While Chinese buyers have begun showing interest in imported alumina , imports will remain low in the future, SMM predicts.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/alumina.jpg" alt="News"...
<p>The Australian alumina market firmed marginally Thursday, driven by a new surge in China’s domestic alumina prices and increasing smelting rates. Platts Australian alumina daily assessment rose 50 cents/mt day on day to $230/mt FOB Thursday, and was up $1.50/mt week on week.<br /><br />The...
<p>Alumina prices in major China markets have been rising steadily over the last few weeks and the Bull Run will likely continue, predicted Shanghai Metals Market.<br /><br />As per SMM survey, trading activity has turned active. There are few large aluminium smelters that are yet to join the...
<p>Bauxite prices CIF China were mostly stable over the week, with CBIX up 0.3 per cent (US$0.1/dmt), closing at US$47.3/dmt. Malaysian cargos are re-appearing in the market, despite the mining ban still being in place, and at price points similar to those pre-ban. We're forecasting a higher...
<p>Chinese spot alumina prices firmed further Tuesday as market sentiment remained strong and offer levels continued to rise, sources said.<br /><br />The Platts ex-works Shanxi alumina price stood at Yuan 1,840/mt ($276/mt) full cash terms, up Yuan 40/mt from Monday, and up Yuan 90/mt week on week...
