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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The tightening of global supply of bauxite and a rise in demand from Chinese alumina refineries are helping drive the price of bauxite back up. In May 2014, it was at a high of $US78.30 ($104) per tonne before heading for a steady decline; and now direct-shipped, high quality baxuite is worth...
Alumina import to China rose 13 per cent year-on-year in February 2016 and 23.12 per cent year-on-year during January - February 2016, revealed data released by the General Administration of Customs, China on March 21. Total alumina imported in February stood at 372,375 million tonnes, while it...
China imported 5.3 million tonnes of bauxite in January 2016, up 104.91 per cent from a year ago, but down 25.4 per cent from prior month, revealed data released by the China Customs. Clearly, the country’s appetite for bauxite, the principal ore of aluminium, is still not that big. Following...
China imported 507,500 mt of alumina in January 2016, up 31.76 per cent year-on-year, but down 6.72 per cent month-on-month, revealed data released by the China Customs. Alumina prices overseas were depressed during December 2015 and January 2016, boosting Chinese buyers’ interest in imported...
Xinjiang’s first alumina delivery warehouse will settle in Changji City, local media reported. Aladdiny Alumina Trading Center Co. and Zhongjiang Logistics Co. signed a deal on March 1 over establishment of alumina delivery warehouse. From now on, Aladdiny Electronic Trading Platform will provide a...
Alumina reported an annual loss in 2015 linked to restructuring costs and asset writedowns. The Australian-listed company said it recorded a net loss of $US332.6 million for last year, versus a loss of $US370.1m a year earlier. Alumina reported $US169.9m in so-called significant items, which...
Platts Australian alumina daily assessment closed the week at $209/mt FOB, up 50 cents on the day as the global market gravitated toward a more balanced or tighter position than a few months ago due to margins-led global refining cuts. The Australian assessment rose $1/mt on the week. Low freight...
Some of the world’s biggest miners are believed to be positioning themselves for transformational takeover deals, with speculation mounting that Rio Tinto could be circling Alcoa’s $5 billion alumina business and that the coal giant Glencore is poised to buy the struggling Western Australia miner...
China’s appetite for imported alumina is to grow voracious in 2016. SMM expects, it will surpass 5 million mt in 2016 mainly due to two reasons. First, domestic supply of alumina will tighten following output cuts by some of the major Chinese alumina refiners; and second, sea freight charges are at...
Fallout from Malaysian ban continues as authorities step up export licence checks. CBIX edged lower again last week, down 1.8% (US$0.9) to finish at US$46.6/dmt. The fall was more reflective of the subdued alumina market, particularly in China, than the longer term implications of the Malaysian...
Platts Australian alumina daily assessment at $204.50/mt FOB gained $1.50/mt from Monday, January 22nd, as the market continued to gravitate from a long to a more balanced position. Global refining cuts in response to poor margins, and recent consumer restocking and dip buying have put a floor...
According to the data revealed by Brazil’s foreign trade ministry, alumina exports of the country remained nearly stable year-on-year in December 2015. A total of 699,456 tons of alumina (aluminium oxide powder refined from bauxite) was shipped abroad last month, a rise from 698,969 tons in...
A foreign tax dispute and sagging commodity prices could lead a St. James Parish manufacturing plant to close, leading to the loss of 444 jobs. Noranda ships bauxite that it mines in Jamaica to its plant in Gramercy, where alumina is extracted. That material then goes to the company's smelter...
Sherwin Alumina Co., the bankrupt unit of commodities giant Glencore PLC, made its bankruptcy-court debut in Corpus Christi, Texas, Wednesday and got preliminary access to $40 million in financing from another Glencore affiliate. Judge David R. Jones approved access to $500,000 of the loan and set...
Ever since a Malaysian government official reportedly said in an interview on January 2 that the country will likely suspend bauxite mining and exports at certain mining sites out of growing environmental concerns, tension has been brewing over how the decision would impact China aluminium market....
China imported 386,000 mt of alumina in November, down 33.6% MoM, customs data showed. Three factors led to the decline. First, imported alumina enjoyed no price advantage over domestic alumina. FOB price of Australian alumina was USD 203/mt in late December, which is equivalent to over RMB...
The price of Australian alumina continued to drift sideways Thursday, leaving Platts daily assessment unchanged at $200/mt FOB, despite a slight slippage of Yuan 15/mt ($2.30) in Chinese domestic prices in Shanxi province. The Australian assessment has fallen $5.50/mt in the last week, and $40/mt...
China imported 581,500 mt of alumina in October, up 113.83% YoY, customs data showed. A sharp fall in import prices lured Chinese aluminum producers and traders to ramp up imports. FOB price of West Australian alumina fell 11% MoM to USD 243/mt at the end of October. Imported alumina is suitable...
