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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***MB ALUMINA INDEX: $383.67: Jan 14
... ... MB's fob Australia alumina index moved up to $383.67 per tonne on January 14 from $369.93 previously. Deals covering around 70000 tonnes of. ...
Rio Tinto says Queensland alumina trade stable, in recovery mode
...Rio Tinto's alumina exports from Australia's flood-stricken state of Queensland were in the process of returning to normal as the company has rebuilt its coal inventories, and congestion eased at the port of Gladstone, company sources said Thursday...
China's December Alumina Imports Touches 410,000 tons in 2010
... (China Aluminum Network)Latest report from General Administration of Customs showed that China December alumina imported reached 410,000 tons in 2010. Total imports of alumina from January to December reached 4,310,000 tons, slipping 16.1% compared with the same period of last year. ...
Investors take cue to ditch Alumina shares
... ALUMINA, the minority partner in the Alcoa World Alumina & Chemicals group, has disappointed investors with its quarterly profit share from the joint venture. ... The figures showed Alumina received $US97 million of fully franked dividends fromAWAC during the quarter, bringing the total for the...
AWAC profits weigh on Alumina
... Alumina Ltd has a 40 per cent stake in AWAC, the world's largest producer of alumina, with US giant Alcoa holding the remaining 60 per cent. ... Alumina received $US97 million ($A97.55 million) of fully franked dividends from AWAC during the quarter, bringing the total dividend received for the...
Alumina Limited (NYSE: AWC) Given “Neutral” Rating by Zacks Investment Research Analysts
...Equities research analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Alumina Limited (NYSE: AWC) in a research note to clients and investors on Monday. Separately, analysts at RBC Capital (NYSE: RY) upgraded shares of Alumina Limited from a “hold” rating to a “buy”...
TAJIKISTAN'S TALCO INKS PACT WITH NOBLE RESOURCES, DET.AL
... Tajik Aluminum Company (TALCO) signed an agreement with Asia's largest trader Noble Resources Ltd (Hong Kong) and Det.AL Azeraluminum (Azerbaijan), the TALCO press service said. Under this document, the sides have considered it necessary to resume production of alumina at the Ganja Alumina...
TAJIKISTAN'S TALCO INKS PACT WITH NOBLE RESOURCES, DET.AL
... Tajik Aluminum Company (TALCO) signed an agreement with Asia's largest trader Noble Resources Ltd (Hong Kong) and Det.AL Azeraluminum (Azerbaijan), the TALCO press service said. Under this document, the sides have considered it necessary to resume production of alumina at the Ganja Alumina...
Asia alumina freight rate drops 8% on week during holiday lull
... The cost of freight for alumina and other dry cargoes on handysize ships continued to weaken Tuesday within the Asia Pacific, ... It will now cost $24/mt to ship 30,000 mt of alumina from Bunbury and Kwinana in Western Australia to Qingdao in northern China, if the cargo were to be lifted in...
S.Korea firm to import 600,000 T alumina from Vietnam
...Dongyang Gangchul (001780.KS) will import 600,000 tonnes of alumina, or 25 percent of South Korea's annual use, from Vietnam as it plans to build a $350 million aluminium refinery, the Korean government said on Tuesday...
RUSAL prices alumina using spot index from now on
...Russian aluminum producer RUSAL has priced all of its alumina deals using an index based on the spot market since June, and will continue to do so from now on, said its international alumina chief. In a recent interview with Reuters, Aleksey Gordymov Commercial Director of United Company RUSAL's...
S.Korea firm to import 600000 T <em>alumina</em> from Vietnam | Reuters
... "While South Korea sees its aluminium demand rising, all of the demand is met by imports," the ministry of knowledge economy said in a ...
Alumina’s tender for convertible bond repurchase attracts less than 50% interest
...Alumina Ltd’s tender offer for the repurchase of convertible bonds attracted offers for about $US128.42 million ($A130.1 million) of bonds compared to the outstanding amount of $US296 million...
Watch for Continued Gains in Shares of Alumina (AWC)
...Alumina is currently trading at $9.18, approximately 13.5% above its 50-day moving average of $8.09. SmarTrend will be monitoring shares of AWC to see if this bullish momentum will continue...
NALCO sells 30,000 tonnes of alumina at $371.88/T FOB: Source
...India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina at $371.88 per tonne free-on-board, a company source said on Friday...
NALCO sells 180000 tonnes alumina to Alaska Metals
...Reuters reported that India's National Aluminium Company Limited sold 180,000 tonnes of alumina in a long term contract for 2011 at 15.92% of the monthly average LME aluminium price on an FOB basis...
Alcoa leads alumina price shift
...Alcoa and BHP Billiton have begun selling some of their production of alumina, the raw material used to make aluminium, on contracts tied to price indices for the commodity, moving away from the historical link with aluminium that has governed the market for decades...
Alcoa sets <em>alumina</em> contracts under new pricing plan | Reuters
... China smelters eye spot alumina deals over term contracts ... International Financing Review · Project Finance International · PEhub.com ...
