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 638,600 tonnes of alumina in December 2014, spiking 83.69% from a year ago, customs data showed. Stock building for the Chinese New Year holiday in February is the major driver behind the notable growth in imports, SMM noted. Purchases from Australia spiked 81.96% year-on-year in...
Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has mandated Barclays to explore the options of the possible divestment,...
The Chinese market for alumina remains slow as the trading remained lukewarm with expectations of better demand in the coming weeks. The domestic spot prices for alumina hovered around 2,650-2,730 yuan per tonne as on Friday January 23, while the three-month aluminium contract on the Shanghai...
Commodity trading figures for 2014 in China confirms a trend that shows higher import volumes as a result of low commodity prices. Key commodities showed a rise in imports due to falling prices. There are a few commodities in which cases both the volumes and prices went up and these according to a...
China’s aluminium imports continue to surge, rising another 44% from the previous month and 83.7% from last year importing a total of 638,586 tonnes of alumina in December, according to the latest customs data. Australia, one of China’s biggest suppliers, alone contributed 399,121 tonnes in...
China’s alumina imports soared 63% month-on-month to 443,327 tonnes in November 2014, customs data showed. SMM attributes the growth to winter stocking by domestic aluminum smelters, tight domestic supply, and bullishness over alumina prices. Brazil and Venezuela were major contributors to the...
The latest Chinese custom data reveals that the country’s month-on-month alumina imports in November have gone up by 63% to 443,326 tonnes although when compared to November 2013, the imports have fallen 40.9%. Brazil is one of the major suppliers, exporting 98,400 tonnes of alumina which is twice...
Traders and smelter executives say that the 2015 term imports of alumina by Chinese smelters, is likely to be limited due to tight credits and expectations of weak local metal prices. Even though China produces enough alumina to sustain the smelters in China, some additional term imports are always...
According to customs data, China’s alumina imports have seen a sharp decline from last year falling 40.94% to 271,900 tons in October. The prime reason for this fall is the lack of supply from Brazil and Suriname which has also brought down the month on month imports by 21.05%, says the Shanghai...
The 8% export duty on Australian alumina has been removed under the China-Australia Free Trade Agreement signed on November 17, but this move will have little impact on Australian alumina exports to China, Shanghai Metals Market understands. The current FOB price of Western Australian alumina is $...
Alumina Limited was upgraded by analysts at Goldman Sachs to a “neutral” rating in a research report issued to clients and investors on Monday. A number of other analysts have also recently weighed in on AWC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Alumina Limited in a...
China imported 344,400 mt of alumina in September, down 23.58% YoY and 1.71% MoM, customs data showed. The MoM decline was because rising alumina prices depressed Chinese aluminum smelters’ appetite for imported alumina. The FOB price of Australian alumina rose 10% from USD 320/mt in late August to...
Deutsche Bank reissued their buy rating on shares of Alumina Limited in a research report sent to investors on Tuesday morning. The firm currently has a $2.25 price target on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated...
China’s Guangdong Province imported 97,000 tonnes of alumina in August, up 1.6 folds yea-on-year. Year-to-date imports through August totaled 623,000 tonnes, also up 26.4% from a year ago, China Customs data showed. The average import price was 2,231 yuan ($ 363) per tonne in August, down 8.2% from...
China imported 350,400 mt of alumina in August, up 142.74% YoY, but down 24.35% MoM, customs data showed. YTD imports through August surged 76.62% YoY to 3.58 million mt. New Alumina capacity growth in China has not kept pace with expanding aluminum capacity, which is the major reason behind the...
Last week the Chalco alumina refinery located in Henan had closed down due to a broken waste-pool. The refinery had a capacity of 1.6 million tonnes per annum and its closure had a definite effect on the already climbing alumina prices. On Tuesday, Shanghai Metal Market heard reports that 60,000...
Inbound shipments of alumina to Guangdong in China totaled 488,000 tonnes during the first half of 2014, up 16.2% year-on-year, China Customs data showed. Average price of the imported material, however, was 2,259 yuan ($366) per tonne, down 2.8% from a year earlier. During the period, imports from...
China’s alumina imports rocketed 97.78% YoY to 463,200 mt in July. YTD imports through July also soared 71.55% YoY to 3.23 million mt, according to China Customs. Two factors were behind the impressive growth in import volumes. Chinese buyers increased imports as the FOB price of Australian alumina...
