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 Government of Jamaica announced today that it has commenced an offer to exchange with Eligible Holders of the 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited and guaranteed by Jamaica. Jamaica is offering to exchange any and all CAP Notes held by such Eligible...
Alumina Limited‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. Shares of Alumina Limited traded down 1.01% during mid-day trading on Friday, hitting A$0.985. Alumina...
Falling Australian alumina prices have forced Chinese traders at ports to cut alumina prices, Shanghai Metals Market has learned. The low-end alumina quotation at Lianyungang has now fallen to RMB 2,560/mt, down RMB 20/mt on a weekly basis. China’s alumina imports began to drop in April. China...
The FOB price of West Australian alumina fell to USD 316.5/mt last week, down USD 2.5/mt on a weekly basis and the lowest level since last September. The price decline was due largely to falling LME aluminum prices and sagging demand from China. First, LME three-month aluminum contract prices fell...
China’s alumina imports totaled 90,000 mt in June, down 71% YoY and 55% MoM, the lowest level in 21 months. Imports amounted to 1.65 million mt in 1H, also down 33% YoY, data from China Customs showed. China’s imported alumina came primarily from Australia. The CIF price of Australian alumina...
Tehran has been importing high-grade refined alumina ore from European countries that are not included in EU’s sanctions but could be used in making armor parts and missile components. Although the latest US sanction effective this month include “raw or semi-finished metals,” Iran has acquired...
China Customs data show that China imported 196,000 mt of alumina from Australia in May, down 66.3% YoY. YTD imports through May totaled 1.54 million mt, down 16.1% YoY. The CIF price of Australian alumina remained high at USD 362.5/mt in May. The FOB price of Australian alumina fell from...
A unit of Glencore Xstrata plc entered into an agreement with Orbite Aluminae Inc to purchase smelter-grade alumina (SGA) from its proposed plant in Quebec. Under the terms of the agreement, Glencore International AG will buy all the output from the clean technology company's first SGA plant in...
China Customs data show that China imported 200,000 mt of alumina in May, down 72% YoY and 38% MoM. YTD imports through May totaled 1.56 million mt, also a drop of 28% from the same period last year. SMM attributes the sharp decline in alumina imports to domestic aluminum smelters cutting...
SMM’s survey found that alumina prices at ports are around RMB 2,600/mt in mid-to-late May, down RMB 50-100/mt from April. SMM has learned from alumina traders at Lianyungang port that continuously falling domestic alumina prices are forcing them to cut imported alumina prices. This is because...
The Viet Nam National Coal-Mineral Industries Holding Corp (Vinacomin) has clarified a statement on the export of alumina. It has said that a zero tariff would apply, but that it did not extend to the export of aluminum ore, for which tariffs of 15-40 per cent were applicable. The comment followed...
Global Alumina Corporation announced today that its board of directors has determined the Company will hold an annual general and special meeting of its shareholders on July 2, 2013. The record date for the determination of shareholders entitled to receive notice of and vote at the annual general...
India's state-run National Aluminium Co Ltd (NALCO) has sold 30,000 tonnes of alumina at around $330 per tonne free on board (FOB) to a Singapore-based buyer, company sources said on Wednesday. The alumina will be shipped at the end of this month, said the sources at India's third-largest aluminium...
Data from China Customs show that China imported 320,000 mt of alumina during April, up 14.3% YoY and 120,000 mt MoM. YTD imports through April totaled 1.36 million mt, down 5.6% YoY. SMM attributes the rebound in China’s alumina imports in April to falling Australian alumina prices. The FOB price...
State-run National Aluminium Co Ltd (NALCO), India's third-largest producer of aluminium, has issued a spot tender to export 30,000 tonnes of alumina, two company sources told Reuters on Tuesday. The last date of submission of bids is May 14 and delivery would be made at the end of this month, said...
China's alumina imports fell by 55% y/y to 195Kt in March (down 45% m/m), but total Q1 imports of 1Mt were only 11% lower than last year, according to Barclays report. China also imported 19Kt of primary aluminium in March, down by 70% y/y from last year’s high base. Imports have rebounded from...
According to China Customs, China imported 195,200 mt of alumina in March. YTD imports through March amounted to 1.03 million mt, down 10.9% YoY. China’s alumina imports began to fall sharply in March. Australia continued to be China’s largest biggest alumina supplier in Q1, whose alumina accounted...
Credit Suisse downgraded shares of Alumina Limited from a neutral rating to an underperform rating in a report issued on Tuesday. Alumina Limited traded down 1.48% on Tuesday, hitting $4.325. Alumina Limited has a 1-year low of $2.65 and a 1-year high of $5.26. The stock’s 50-day moving average is...
