Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
Canyon Resources' independent board committee says A2MP's AUD 0.05 (USD 0.036) offer materially undervalues the Cameroon-focused bauxite developer as questions also emerge over A2MP's potential ties to another major shareholder. Canyon Resources' independent board committee has recommended that...
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This week has been highly eventful for the upstream aluminium industry, both for the bauxite and the primary aluminium sector. To begin with, Guinean Prime Minister Amadou Oury Bah announced that the country will restore constitutional rule in 2025, according to global media reports. He added that...
Ghana Integrated Aluminium Development Corporation (GIADEC) is striving to become a leading contributor to the country's economic development under the leadership of its newly appointed acting Chief Executive Officer (CEO), Mr Reindorf Twumasi Ankrah. Image source: LinkedIn (GIADEC) Mr Twumasi...
The West African nation and the world's largest producer of bauxite, Guinea, has been under military rule since September 2021, when Colonel Mamady Doumbouya led a coup against President Alpha Condé, citing widespread corruption, human rights violations, and economic mismanagement. According to...
The Australian mining and exploration company Metro Mining announced its 2024 annual results, highlighting the successful commissioning of the Ikamba Offshore Floating Terminal (OFT) and port infrastructure upgrades. Following the commissioning in Q2, the Bauxite Hills Mine achieved a steady...
This week, the domestic bauxite market mainly remained stable. As of Thursday, the transaction price for bauxite with an Al/Si ratio of 5.0 and alumina content of 60 per cent in Shanxi, excluding VAT, for self-pick-up at crushing plants, was approximately RMB 640-670 per tonne. In Henan, the...
Futures market: During the night session, the most-traded alumina 2505 contract opened at RMb 3,429 per tonne, reached a high of RMB 3,429 per tonne, a low of RMB 3,383 per tonne, and closed at RMB 3,401 per tonne, down 0.82 per cent. Open interest stood at 167,000 lots, an increase of 4,173 lots....
This week has been highly eventful for the upstream aluminium industry, especially the bauxite sector, which has dominated the headlines. Key highlights include Metro Mining's record-breaking bauxite production, Ukraine's seizure of $50 million worth of raw materials from Russian tycoon Oleg...
Ukraine has confiscated raw material worth 2.11 billion hryvnias (US$50.3 million) from Russian aluminium magnate Oleg Deripaska, reports Moscow Times. On Wednesday, January 29, 2025, the Sluzhba Bezpeky Ukrayiny (SBU) or the Security Service of Ukraine said that the incident ensued after two years...
The world alumina production saw a significant hike in 2024, withstanding the bauxite supply shortage compared to the growth in demand. China, the world’s largest alumina producer, saw a continued bauxite supply gap in 2024 yet exceeded expected production. That could be possible due to the...
According to SMM estimates, China's bauxite production in January 2025 (31 days) decreased slightly by 1.4 per cent MoM but was up 12.2 per cent Y-o-Y, mainly because the production halt scale in Shanxi and Henan regions in January 2024 was larger than that in January this year. Overall, domestic...
According to shipbroker Arrow, the surge in bauxite demand in China has resulted in capesize fleet carrying more bauxite than coal for the first time. The capesize vessels are traditionally used for coal shipments, but now, due to increased demand for the ore in the Chinese market, they are being...
According to the General Administration of Customs of China, China imported 14.976 million mt of bauxite in December 2024, up 21.9 per cent M-o-M and up 26.2 per cent Y-o-Y. From January to December 2024, China’s cumulative bauxite imports reached 158.767 million mt, up 12.3 per cent Y-o-Y. AI...
Bauxite mining rights across two blocks in Kasaragod are set to be auctioned soon. The State government is finalising the auction process for bauxite deposits in the Narala block, covering an area of 1.5 square kilometres in Mulleria and a 2.8 square kilometres area in the Ukkinadka block located...
The Guyana Government has revealed that the bauxite mining business is back with a bang as 2024 witnessed a new high of production inflation amounting to 225 per cent as compared to 2023, with 1.7 million tonnes produced from the two overseas companies that mine in the nation. “Bauxite has been a...
While bauxite plays a crucial role in the global economic and trade landscape, the mining of the substance should not ideally pose a threat to humanity. Guinean bauxite mining, especially when coming to German firms, has long seen a different reality. Image Source: https://www.energymonitor.ai/ For...
In 2024, aluminium and aluminium product imports inflated by 21.7 per cent Y-o-Y to US$446.006 million (with US$36.943 million in December). Aluminium exports rose by 27.4 per cent to US$124.408 million, with US$8.426 million in December, published in the customs data released by the States Customs...
Dr Mohamed Irfaan Ali, President of Guyana, has proudly commented during a Sunday statement on the substantial improvement of bauxite production in the country during his tenure. In his statement, he mentioned the distressful time before his tenure wherein both bauxite and forestry suffered...
Metro Mining has achieved a new annual high with 5.7 million tonnes of wet bauxite shipment. The consistent growth month-on-month since August 2024 has led to a yearly shipment increase of 24 per cent. But despite the growth, the Australian mining company has failed to achieve its annual target of...
