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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Three of China's biggest alumina producers are planning to invest at least $1 billion into bauxite mines and refineries in Indonesia to guarantee supplies of the aluminium raw materials under threat from new export taxes and a 2014 export ban. The plans are among the first signs that Jakarta's...
Inner Mongolia Huomei Hongjun Aluminium & Electricity successfully signed a $77 million three-year pre-financing term loan through sole bookrunner BNP Paribas. The facility was oversubscribed and upsized from $70 million. The fundraising consists of a $50 million tranche maturing in December 2014...
Analyzing the price chart for Alumina Limited has revealed a potential bearish inside day candle pattern. Yesterday's price range of $2.87 and $2.92 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower...
In trading on Monday, shares of Alumina Ltd entered into oversold territory, changing hands as low as $2.70 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is...
The market for smelter grade alumina is primarily controlled by integrated aluminium companies. In 2008, worldwide alumina refining capacity totalled approximately 90 million metric tons per year including non-metallurgical aluminiums. It is estimated that approximately 80% of alumina production...
Reuters reported that China is likely to import at least 2.5 million tonnes of alumina in the second half of 2012 matching record high purchases so far this year, as domestic prices for the Aluminium raw material remain above import costs. Industry sources said that China is the world's top...
Alumina (NYSE:AWC) is one of today's worst performing low-priced stocks, down 6.7% to $2.92 on 1.2x average daily volume. Thus far today, Alumina has traded 412,000 shares, vs. average volume of 337,000 shares per day. The stock has underperformed the Dow (-6.7% to the Dow's -0.2%) and...
Alumina Limited is reviewing a $US45 million pre-tax settlement charge booked by its joint venture partner Alcoa in relation to a Bahrain bribery case. The Australian-listed company, commenting today after Alcoa's quarterly earnings release, said that it was evaluating the basis for the $US45m...
Reuters reported that Indonesia's imposition of an export tax on 14 minerals is disrupting Asia's aluminium markets but the news for producers outside China may not be all bad. The most obvious distortion is the ramping up of Chinese imports of bauxite from Indonesia in the months prior to the tax...
This 2012 Deep Research Report on China Alumina Industry is a professional and in-depth research report on the China Alumina industry. The report firstly defines the Alumina (AL2O3) industry development including history, classification and industry overview. The report then discusses Alumina...
Iran plans to export large volumes of aluminum products to Tajikistan by the next 20 months. The agreement to export aluminum products to Tajikistan was signed by Head of Tajik trade delegation and managing director of Iran's Alumina Company on Friday. Based on the Memorandum of Understanding (MoU)...
Politics over alumina sales to Anil Agarwal-owned Vedanta Aluminium (VAL) has deprived the blue-chip PSU National Aluminium Company(Nalco) an additional profit of at least Rs 200 crore per annum. With the Congress-backed workers' union up in arms against any deal with VAL, Nalco authorities are...
Five major Chinese alumina smelters have jointly called on local peers to reduce output by 10% from June, in the hope of stabilizing the market. The move aims to “reduce risks for alumina producers, and to maintain normal operations of the industry”, according to a statement on an official industry...
Recently, Shandong Qixing Group and Shandong Lubei Chemical Co., Ltd reached an agreement, the agreement says Qixing Group will acquire 1000 tons of alumina capacity of its branch. Shandong Wudi Qixing High-tech Aluminum Company which is the subsidiary of Qixing Group has already had 500 thousand...
Ukraine exported 405,910 metric tons of alumina in January-March, 8.2% more than in January-March 2011, the government reported Monday. The exported alumina was worth $154.83 million. Alumina exports in March totaled 134,350 tons, 0.4% more than in February this year and 5.8% more than in March...
Alumina is going through a continuous losing streak. Alumina is traded at a new 52-week low today of $3.75. This new low was reached on above average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 361,000 shares. In the past 52 weeks, shares of...
SHANGHAI,May. 10 -- According to the preliminary data from the General Administration of Customs, China's imports of unwrought copper and copper semis were 375,258 mt during April, with YTD imports from January to April at 1,735,958 mt, up 48.8% YoY. China's imports of scrap copper were 370 kt...
Employees of Nalco here have threatened to launch protests against the reported move of the company to sell alumina to Vedanta Aluminium Limited (VAL). On Friday, a few employees under Nalco Sramik Congress Union organized a demonstration in front of the company's captive power plant. A day before,...
