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 3.09 million mt of bauxite in July, tumbling 52.55% YoY, but up 5.73% MoM. YTD imports through July totaled 22.61 million mt, down 42.30% from a year ago, China Customs data showed. Small- and medium-sized alumina producers increased bauxite imports in July as their stocks on hand...
China’s alumina imports will slow for the remainder of the year following a 67.82% year-on-year surge in H1 as prices for imported alumina will follow primary aluminum up, Shanghai Metals Market foresees. Inbound shipments in June, though rocketing 307.75% from a year ago to 372,300 tonnes, did...
China’s alumina production slowed to 22.77 million tonnes in H1 2014, up by 6.50%, due to production cuts and expansion delays, Shanghai Metals Market learned. Alumina producers reliant on imported ore cut output against depressed alumina prices in H1 and Indonesia’s export ban. Moreover, new...
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Tuesday. They currently have a $1.45 target price on the stock. Alumina Limited opened at 1.605 on Tuesday. Alumina Limited has a 52 week low of A$0.935 and a 52 week high of...
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors. They currently have a $1.45 target price on the stock. Shares of Alumina Limited opened at 1.560 on Monday. Alumina Limited has a one year low of A$0.935 and a one year high of...
The Indian government’s decision to double the bauxite export duty to 20% will push up production costs for Chinese alumina producers in the long run, but the immediate impact will be limited as Chinese producers have already built up sizable stockpile, Shanghai Metals Market understood. China’s...
Alumina Limited had its price target upped by Morgan Stanley to $1.60 in a research note issued to investors on Wednesday. The firm currently has an overweight rating on the stock. Morgan Stanley has also taken action a number of other stocks recently. The firm downgraded shares of Statoil ASA(ADR)...
State mining company PT Aneka Tambang (Antam) said it would ship its first export of alumina next month from its new factory in Tayan, West Kalimantan. “The factory has been in trial operations for several months,” Antam president director Tato Miraza said on Thursday night as quoted by Antara....
Alumina Limited had its price target increased by Morgan Stanley to $1.60 in a research report sent to investors on Tuesday. They currently have an overweight rating on the stock. Morgan Stanley has also updated their ratings on a number of other stocks in the last week. The firm reiterated its...
Mercuria Energy Trading SA had alumina worth about $44 million stuck at China's Qingdao Port, where an investigation into a suspected financing fraud has been taking place, according to four banking sources with direct knowledge of the situation. The Swiss-based trader said in an email sent to its...
Shares in bauxite miner and aluminium smelter Alumina (AWC) have dropped this morning after the company’s chief executive said conditions declined in the second quarter, despite US joint venture partner Alcoa posting an earnings boost. Shares in Alumina finished yesterday 1.41% higher at $1.44...
Hong Kong-listed CITIC Resources Group announced today that it has filed a claim in Qingdao Maritime Court against the operator of the bonded warehouse at Qingdao port, requiring the operator to confirm the group’s ownership of the alumina and copper held by the operator, and to release and deliver...
Russian aluminum giant UC RUSAL has pledged 75% of its Irish alumina plant Aughinish Alumina against a credit from Glencore for alumina supplies in 2014-2016, as seen by PRIME economic news agency in a document that metal giant Norilsk Nickel has sent to its major shareholders on Wednesday. The...
China’s alumina imports plunged 90.4% to 313,000 tonnes in May due to waning demand, Shanghai Metals Market learned. Chinese aluminum smelters preferred domestic alumina due to lower prices, curbing appetite for imports, SMM understood. The imports soared by 56.28% year-on-year, though, and...
Chinese commodities trader CITIC Resources Holding Ltd said on Wednesday that 123,446 tonnes of its alumina stored at Qingdao port were missing. The port, China's third-largest, has been at the centre of an investigation into alleged fraud. "The company has been notified that in the enforcement of...
The recent rise in aluminum prices would prove unsustainable due to limited room for speculation and oversupply pressures, said Yang Xiaowu, General Manager at the Futures Department of China Aluminum International Trading in a statement made on May 29. LME aluminum prices rose from $1,754 per...
According to a market survey of iAbrasive last week, as the increasing capital shortage problem gets worse, market transaction of aluminum oxide is likely to experience further restraint. China alumina oxide market began to show a weaken tendency last week and the increasing market price was put on...
In the month of April, China imported a total of 595,900 mt of alumina, a rise of 85.43% since last year. YTD imports totaled 2.08 mn mt in April and were up by 53.34% YoY. The increase in the total volumes of import was driven by other countries except Australia. China imported 199,700 mt of...
