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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China imported 372,000 million tonnes (mt) of alumina in September, down 6.80% MoM, but up 9.79% YoY, customs data showed. Despite falling import prices, import volumes did not grow significantly, due to rising port stocks and weaker demand from aluminum smelters. China imported 3.14 million mt of...
UC RUSAL, a leading global aluminium producer, has announced its operating results for the third quarter 2015. Alumina production for the quarter ended September 30 totaled 1,870 thousand tonnes (+2.8% QoQ). Alumina production for the first nine months of the current financial year stood at 5,496...
After degrading capacity of its one million tonne alumina refinery at Lanjigarh by 35%, Vedanta is looking at options to source alumina from the domestic market to cut its dependence on high cost alumina imports. To feed its smelting unit at Jharsuguda, Vedanta is in talks with Aditya Birla Group...
Norwegian aluminum producer Norsk Hydro has established a bauxite and alumina trading business in China to supply aluminum smelters there, a sign producers have found ways to profit from China's surging output which many say threatens smelters in the rest of the world. The company created Hydro...
Dubai International Capital (DIC), the private equity arm of Dubai Holding, has announced that it has completed the sale of Almatis, the supplier of premium alumina for the refractory, ceramic and polishing industries to OYAK, Turkey's largest private pension fund. The completion of this sale...
China’s alumina imports will fall in August as Chinese alumina is becoming more attractive in prices, Shanghai Metals Market foresees. Sharp depreciation of yuan has made imports more expensive, which will discourage import activity. Calculated at a CIF price of $ 305 per tonne and USD:RMB exchange...
Noranda Aluminum Holding Corporation announced today that it has completed a 31,000 metric tonne shipment of smelter grade alumina from its alumina refinery in Gramercy, Louisiana to an aluminum smelter in China. This shipment, which is part of a multi-shipment export arrangement at market prices,...
Australian mining and metal major Alumina termed Malaysia’s sudden emergence as bauxite exporter in the global market as unsustainable. Alumina and Alcoa have long been jointly engaged in bauxite mining operations. Their prime objective was to convert the ore into aluminium products. However, with...
Goldman Sachs cut shares of Alumina Limited from a neutral rating to a sell rating in a research report sent to investors on Tuesday morning. Goldman Sachs has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of Lloyds Banking...
Alumina imports of China declined 117,200 mt MoM and 40.01% YoY to 223,300 mt in June, according to customs data. Shanghai Metals Market (SMM) attributed the decline to two factors- a. prices for domestic alumina fell faster than imported alumina due to growing supply, making the former more...
Chinese spot alumina prices were rangebound this week as market participants awaited clearer direction amid continued weak domestic aluminum prices and market volatility. Platts ex-works Henan alumina spot price closed the week Friday at a stable Yuan 2,360/mt ($386) for 70:30 cash and credit...
China imported 340,500 mt of alumina in May, up from 315,900 mt in April and up 8.96% YoY, customs data showed. YTD imports through May amounted to 1.59 million mt, down 33.55% from a year ago. Aluminum smelters preferred domestic alumina, whose prices fell due to high production during the first...
China’s metallurgical-grade alumina output hit 4.76 million tonnes in May, up 12.9% from a year ago, SMM statistics showed. As of mid-June, new aluminum capacity in China had exceeded 2 million-tpy, while new alumina capacity was less than 3 million-tpy, boosting demand for alumina, according to...
China’s alumina imports plunged 46.98% from a year ago to 315,900 tonnes in April, customs data showed. SMM attributes the slump to to growing domestic supply and loss of appeal of imported alumina. Prices for domestic alumina kept falling as a result of growing output. Prices in Henan and Shanxi...
China is enjoying a robust demand for alumina in the domestic market that has pushed up the country’s output by 8.7% to a record high of 4.71 million tons this March reducing its reliance on alumina imports which fell 42.1% from last year to 218,000 tons. The domestic alumina is more attractive due...
China’s alumina imports tumbled 29.07% YoY to 330,000 mt in February. YTD imports through February totaled 710,000 mt, down 35%, customs data showed. Supply of domestic alumina grew, and its prices were lower than imported alumina, so some aluminum smelters preferred domestic alumina. Domestic...
China’s alumina imports fell 40% on monthly and yearly basis to 385,194 tonnes in January 2015, customs data showed. Imported material being less attractive is the main reason for lower inbound shipments. Domestic prices fell due to growing production, while FOB price of Australian alumina stayed...
Qinghai Province imported 361,000 mt of alumina in 2014, up 48% from a year ago, local media reported yesterday. The average import price was 2,045 yuan ($332) per tonne, up a mere 0.3%. Imported alumina was cheaper than domestic alumina, offering incentive to import. Besides, Indonesia’s export...
