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...
Grow with
AL Circle
Former workers at RUSAL's alumina refinery in Guinea have blocked a railway line from the plant in a protest over back payments, a company source and a spokesman for the former workers told Reuters on Monday. It was the second time this month that the former workers blocked the railway line from...
The Asia Pacific alumina market dropped $3 day-on-day Friday to $366/mt FOB Australia, dragged by a week of continuous losses in LME aluminium to record lows for 2011. Platts Australian alumina price benchmark was down $3/mt compared with a week earlier, also slipping $1/mt in the last month. On...
China's aluminium smelters may keep imports of raw material alumina under yearly contracts low next year as prices rise and domestic production increases, industry sources said on Tuesday. Term alumina to China for 2012 shipments is being indicated at about 15.5 to 16 percent of the price of...
The value of commodities exports from Australia will climb 21% in the coming financial year to A$214.76 billion as increased production meets higher prices despite fears for the global economic outlook, the country's Bureau of Resource and Energy Economics, or BREE, reported Tuesday. Export volumes...
Indian state-run National Aluminium Co Ltd has finalized a long-term contract for export of 300,000 tonnes of alumina at about 16 percent of the LME aluminium price on an FOB basis, a company official said on Thursday. "The European buyer will receive the alumina in batches between January to...
Mytilineos Holdings SA, a Greek metals and energy group, may produce 83 percent more alumina, a raw material used in aluminum production, over the next five years, said Evangelos Mytilineos, the company’s chief executive officer. Production should climb from 820,000 metric tons a year to 1.1...
The alumina price mechanism is facing challenges from the spot market. Now that iron ore, which has a 40-year tradition of long-term prices,has switched to the spot market this year,alumina will follow suit in the near future. Former President Jiang Zeming,had conveyed that "China can grow fast...
One of Shannon’s biggest employers faces a major financial blow this week if the European Court of Justice rules against it. The court will consider whether Aughinish Alumina should be forced to pay back 19 years of reduced duties on mineral oils, which are used in the production of alumina.
PT Indonesia Asahan Aluminium (Persero) or Inalum will potentially reduce, even stop the import of raw material alumina, as the government plans to impose disincentives for non-renewable natural resources in 2014.
Acceptance of the new index-based method for pricing alumina has been speedier than anticipated, a senior executive at Norsk Hydro ASA (NHY.OS) said Wednesday. Simon Storesund told Dow Jones Newswires in an interview that the company, which has between 3 million and 4 million metric tons of alumina...
Vietnam's first alumina refinery will sell its material through tenders rather than directly to China's Yunnan Metallurgical Group under a 30-year sales agreement between the two firms, sources at Yunnan and the Vietnamese firm said on Thursday. The 600,000-tonne capacity Tan Rai alumina refinery,...
London-listed miner and commodities trader Glencore International PLC (GLEN.LN) is seeking to build out its alumina marketing business, including pursuing contracts with new aluminum smelters starting production in the Middle East, it said Thursday. "We will continue to seek long-term purchase and...
Perpetual Ltd bought a net 24,956,844 Alumina Ltd shares between July 28, 2011 and August 19, increasing from 122,169,825 shares (5.01%) to 147,093,709 shares (6.03%).
National Aluminium Co Ltd (Nalco), after posting good numbers in the first quarter, is training its guns on the export market to maximise profits. The public sector aluminium producer, which started phase-wise commissioning of the expanded alumina refinery in Orissa in the last quarter, will see an...
MB’s fob Australia alumina index fell to $370 per tonne on August 19, with few buyers looking for near-term material and others happy to turn down offers in anticipation of better prices. “[We've] been offered cargoes that have not been placed at this stage,” an aluminium producer said.
Alumina production totaled 813 thousand tonnes. Eurasian Natural Resources Corporation is engaged in mining and processing chrome, manganese and iron ore, smelting ferroalloys, processing bauxite for the production of alumina and aluminium.
Alumina producers in Australia have been asking to delay taking delivery of caustic soda term contract cargoes in anticipation of lower prices, a source at Taiwan's Formosa Plastics said this week. They have been drawing on existing stocks ahead of contract price negotiations for the fourth...
The unexpected surge in alumina exports out of China in May and June has highlighted the country's growing role as an opportunistic exporter of the aluminium raw material, built on the back of its fast-growing alumina production.
