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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Alcoa declared force majeure on bauxite shipments from its Juruti mine in Brazil on November 7, 2024, due to a vessel stranded in the channel near the port obstructing transportation. This disruption poses significant challenges for global alumina supplies, which are already under pressure due to...
TOP International Holding Pte Ltd., a leading global mining and resources company, on November 11, 2024, announced the signing of a new bauxite purchase agreement with Lubei Group, a diversified multinational conglomerate and one of China's leading producers in fertilizers, chemicals, and minerals,...
On November 7, Alcoa announced the suspension of bauxite shipments from Brazil’s Juruti port due to a vessel stranded in the waterway. This marks the latest in a series of supply chain disruptions impacting the aluminium raw material market, contributing to record-high alumina prices and supporting...
Metro Mining Limited has yet again achieved a new monthly high shipment by delivering 793,420 tonnes of wet bauxite in October 2024. The shipment volume rose 1.72 per cent month-on-month from 780,000 tonnes and surged year-on-year by 18 per cent. Image Source: LinkedIn (Metro Mining) The...
Alumina trihydrate (ATH), also known as aluminium hydroxide — chemical formula Al(OH)3, has a vast market potential ahead. The element, which is derived during the refinement of bauxite through the Bayer process, is majorly known for its flame retarding property. Image Source: Anglo Pacific...
China’s bauxite imports in September 2024 fell 25.68 per cent month-on-month owing to supply disruptions from Guinea, first due to unfavourable weather conditions but now due to exports being blocked by Guinea’s customs authorities. According to China’s General Administration of Customs, China’s...
This week, the upstream sector of the aluminium industry, comprising bauxite, alumina, and primary aluminium, witnessed some important events. One of the notable events would be the alumina price exceeding the RMB 4500 mark, breaking all the records of the past thirteen years. The alumina prices...
On October 18, Friday, the week has closed with a continuous upward price trend in alumina. As a matter of fact, most other aluminium commodities have seen a downward price except for alumina. Alumina has gained another RMB 51 per tonne, soaring to a new high of RMB 4607 (USD 647) per tonne. In the...
In September 2024, Metro Mining’s bauxite shipment from Bauxite Hills Mine in Queensland recorded a new monthly high of 780,000 tonnes, up 8 per cent from 720,000 tonnes in August 2024 . Year-on-year, the shipment in September marked an increase of 35 per cent. The surge in monthly shipment could...
Aluminium is an essential component of the global economy. The rising demand for green metal clearly shows that no matter how many setbacks or blips come across, the market or the need for this green metal will never decrease. Below is a recap of the events which unfolded in the upstream aluminium...
The Baphlimali Bauxite Mines, located in Odisha and operated by Utkal Alumina, a subsidiary of Hindalco Industries Limited under the Aditya Birla Group, has been honoured with the esteemed Misrilal Jain Environment Award for 2023-24. The award, presented by Shri V.L. Kanta Rao, I.A.S., Secretary to...
China's bauxite imports have set a new monthly high for August 2024, exceeding the previous month's record by marking M-o-M increase of 3.64 per cent and year-on-year surge of 34.23 per cent. China incessantly ramped up its bauxite import by volume, taking advantage of lower imported prices...
The Jamaica-based bauxite mining and alumina-producing company Jamalco has successfully reopened its Rocky Point port following extensive repairs, resuming normal shipping operations. The port's conveyor system was damaged by storm conditions caused by Hurricane Beryl, which passed offshore on July...
The United States bauxite imports in the second quarter of 2024 decreased year-on-year in response to a lower demand for raw materials on account of reduced output of primary aluminium during the same period. According to the United States Geological Survey, the United States' bauxite imports fell...
According to the General Administration of Customs, China's bauxite imports reached a historically high level for July 2024, with a month-on-month increase of 12.49 per cent and a year-on-year hike of 16.50 per cent. The import volume stood at 15.0007 million tonnes in July, compared to 13.3348...
After working for 14 years in the family business Mühlen Sohn, which manufactures technical textiles and is also used in the aluminium smelters in sales and management roles, Petra started with the newly founded SpectraFlow Analytics in 2014. She has a master’s degree in mathematics and economics,...
China is already home to more than 80 million tonnes of alumina capacity. So much so that the industry is struggling to source enough bauxite to satisfy demand. So, it's not particularly good timing for new alumina refining capacity to enter the market, but that's exactly what's happening. Markets...
Metro Mining Limited has significantly increased throughput rates at its Bauxite Hills operation in Western Australia. One of the biggest reasons was commissioning two new Cat 992 Wheel Loaders and installing a new screening system. The company introduced a new apron/wobbler feeder screening...
