WEEKLY: China alumina extends losses on capacity overhang, even as basis trade lifts physical offtake
China's domestic spot alumina prices continued their gradual downward trend last week, with sporadic discounted transactions emerging in the market, based on Mysteel's survey. The pressure was partly contributed by the persistent expectation of fresh supply coming online in southern China, leaving...
Impact Minerals plans staged 4,000-tpa HPA production in US
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...
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Chalco increases 137 million yuan to alumina and electrolytic aluminum business of Chalco
...luminium Corporation of China (02600) announced that the company succeeded in bidding 9.5% international trade equity of Chalco with the bid price of 115 million yuan (about 137 million yuan). After the deal, Shareholding of Chalco will rise to 100%...
Rusal allowed to continue with alumina exports from Guinea
... Russian aluminium giant Rusal the go ahead to continue alumina exports from Conakry, after a call for a temporary suspension due to alleged air pollution, a source close to Rusal said Wednesday. ...
Alumina Limited (AWC) Posts Large Volume Increase, Hits $9.63
...Shares of Alumina Limited (AWC) saw unusually high trading volume on Monday. Approximately 310,515 shares changed hands during mid-day trading, an increase of 41.92% from the previous session. The stock last traded at $9.63...
NALCO issues 30,000T alumina export tender-source
...Indian state-run National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) has issued a tender to export 30,000 tonnes of alumina for delivery this month, a company source said on Friday...
Guinea government blocks RUSAL alumina exports
...Reuters reported that Guinea's government has dispatched security forces to prevent RUSAL from exporting alumina from the port of Conakry...
Vale Completes $5.27 Billion Alumina, Bauxite Sale to Hydro
...Vale acquired 22 percent, or $3.5 billion, of Hydro’s outstanding shares, and received $503 million in cash for the assets, Vale said in a statement today. Vale also transferred “off-take rights and outstanding commercial contracts” and net debt of $655 million to Hydro, according to the...
Vale Completes $5.27 Billion Alumina, Bauxite Sale to Hydro
...Vale acquired 22 percent, or $3.5 billion, of Hydro’s outstanding shares, and received $503 million in cash for the assets, Vale said in a statement today. Vale also transferred “off-take rights and outstanding commercial contracts” and net debt of $655 million to Hydro, according to the...
Alumina industry says time right for carbon tax, but formula must keep industry here
...Australia's alumina and aluminium refining companies say the Federal Government has to get the carbon tax formula right or the industry here will shut down...
Chinese domestic alumina prices steady amid thin trade
...China's domestic spot alumina prices ex-works basis continued steady amid thin trade Tuesday, industry sources said. Prices were still heard highest in Henan province at above Yuan 2,800/mt ($426), with offers at Yuan 2,850/mt. In Shandong, major refiner Weiqiao was heard trading at Yuan...
HIGHER TRADING RANGE ABOVE $9.93 DETECTED FOR SHARES OF ALUMINA (AWC)?
... Alumina (NYSE:AWC) traded in a range yesterday that spanned from a low of $9.86 to a high of $10.04. Yesterday's high of the day pierced the 3-day high of $9.93 on volume of 234,000 shares. ....
Sell Nalco - Motilal Oswal
... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...
Sell Nalco - Motilal Oswal
... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...
Alumina export volumes drop 18% to lowest in decades
...ALUMINA export volumes declined by 17.8 per cent from year-earlier levels in 2010 and at 1.57 million tonnes was the lowest level in decades. What's more, even though aluminium prices — which alumina prices trend after -- tracked higher in 2010 than in 2009, earnings may have still been slightly...
Alumina Limited (NYSE: AWC) Posts Large Volume Increase, Hits $9.93
... Shares of Alumina Limited (NYSE: AWC) saw unusually high trading volume on Tuesday. Approximately 1,581,927 shares changed hands during mid-day trading, an increase of 285.24% from the previous session. The stock last traded at $9.93. ...
Buyers Accumulating Shares of Alumina on 1.9x Above-Average Volume (AWC)
... Shares of Alumina (NYSE: AWC) are trading up 2.7% to $10.05 today on above average volume. Approximately 703,000 shares have traded hands today vs. average 30-day volume of 361,000 shares. ....
Research and Markets: China Alumina Industry Report, 2010
... Research and Markets has announced the addition of the "China Alumina Industry Report, 2010" report to their offering.Alumina, extracted from bauxite, gets chiefly used in the production of aluminum (electrolytic aluminum). China abounds in bauxite resources spreading in Guangxi (26.9%), ...
Bosnia Alumina Plant, Bauxite Mine Agree on Supplies
... Bosnia's sole alumina plant Birac and its main bauxite supplier Boksit on Tuesday clinched a deal to secure steady supplies of bauxite following a December row over prices that had endangered Birac's production. ...
Bosnia Alumina Plant, Bauxite Mine Agree on Supplies
... Bosnia's sole alumina plant Birac and its main bauxite supplier Boksit on Tuesday clinched a deal to secure steady supplies of bauxite following a December row over prices that had endangered Birac's production. ...
