Weekly Alumina recap: FYI Resources recognize ESG framework for high-purity alumina refining; Brazil’s exports of alumina decline by 7.81% YoY in May

FYI Resources Ltd., the innovative and vertically integrated high quality, high-purity alumina developer, recognises the significance of the ESG platform. The emerging high-purity alumina producer in Australia has revealed its adaptation of an Environmental, Social and Governance (ESG) framework, positioning with the 21 core metrics and disclosure requirements developed by the World Economic Forum. On the other part of the world, alumina exports from Brazil in May 2021 declined after registering a hike in April. Exports dropped by 7.81% from the same period last year.

The Australian listed resources company that is focused on developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications, FYI Resources Ltd. recognises the significance of the ESG platform.

To know more: https://www.alcircle.com/news/fyi-resources-recognize-esg-framework-for-high-purity-alumina-refining-66489

The average alumina spot price has continued to increase after an intermittent restraint on Friday, June 4. According to the Shanghai Metals Market, the price on June 7 has gained RMB 9 per tonne to come in at RMB 2,485 per tonne.

To know more: https://www.alcircle.com/news/alumina-price-in-china-increases-by-rmb9-t-after-an-intermittent-restraint-primary-ingot-price-jumps-above-rmb18500-t-66490

According to data published on Friday, June 4 by Brazil’s economy ministry, alumina exports from Brazil in May 2021 declined after registering a hike in April. Exports dropped by 7.81% from the same period last year. The decrease in exports was due to lower shipments from Norsk Hydro’s Alunorte alumina refinery.

To know more: https://www.alcircle.com/news/brazils-exports-of-alumina-decline-by-7-81-yoy-in-may-66505

On Friday, June 4, ISGEC Heavy Engineering Limited announced that it successfully acquired the Operations and Maintenance of a 3X30 MW cogeneration plant for one of the leading alumina refineries in Odisha, with effect from June 1, 2021.

To know more: https://www.alcircle.com/news/isgec-heavy-engineering-assumes-operations-maintenance-of-a-leading-alumina-refinery-in-odisha-66504

Shanghai Metals Market (SMM) found that China’s alumina production rose for the third consecutive month in May 2021. According to the data, China produced 6.42 million tonnes of alumina in May, which reflected an increase of 5.07 per cent from 6.11 million tonnes in April. Of 6.42 million tonnes, metallurgical grade alumina production accounted for 6.21 million tonnes in May, up 5.25 per cent from 5.9 million tonnes in the previous month.

To know more: https://www.alcircle.com/news/chinas-alumina-production-in-may-21-grows-for-the-third-consecutive-month-to-6-42-million-tonnes-smm-66526