Weekly alumina update: China’s alumina price gains RMB33/t; Alcoa receives $8.8 million grant for renewable energy use in alumina refining

The average alumina spot price in China recorded total growth of RMB 33 per tonne this week on Tuesday, May 18, and Friday, May 21, while on the other days remained muted, according to the Shanghai Metals Market data. Other major activities in the global alumina sector included Alcoa Corporation received $8.8 million (A$11.3 million) grant from The Australian Renewable Energy Agency (ARENA) to test the potential use of renewable energy and Nhan Co alumina refinery achieved remarkable results after five years of commercial operation.

Let us here recapitulate some of those news in a brief detail.

As updates by the Shanghai Metals Market on May 18, the average alumina spot price in China inched up by RMB 9 per tonne to settle at RMB 2,407 per tonne. In Henan, the price increased by RMB 15 per tonne to come in at RMB 2,410 per tonne, while the price in Shandong and Guizhou gained RMB 10 per tonne to stand at RMB 2,400 per tonne and RMB 2,380 per tonne, respectively.

To know more: https://www.alcircle.com/news/alumina-spot-price-in-china-gains-rmb9-t-to-settle-above-rmb2400-t-a00-aluminium-ingot-price-stands-at-rmb19860-t-66282

On Friday, May 21, alumina price in China increased by RMB 24 per tonne after remaining flat for two days in a row. The price came in at RMB 2,431 per tonne, from RMB 2,407 per tonne. In Shandong, the price rose by RMB 30 per tonne to stand at RMB 2430 per tonne.

To know more: https://www.alcircle.com/news/alumina-price-in-china-climbs-by-rmb-24-t-aluminium-alloy-adc12-price-stands-lower-at-rmb-19150-t-66320

Alcoa Corporation received $8.8 million (A$11.3 million) grant from The Australian Renewable Energy Agency (ARENA) to test the potential use of renewable energy in a process known as Mechanical Vapor Recompression (MVR).

Alcoa of Australia intends to install a three megawatt MVR module with renewable energy at the Wagerup refinery to test the technology at scale by the end of 2023.

To know more: https://www.alcircle.com/news/alcoa-corporation-gets-grant-for-potential-use-of-renewable-energy-in-alumina-refining-66324

Nhan Co alumina refinery, owned by Dak Nong Aluminum Company, reported remarkable results and started contributing to a breakthrough towards the economy in particular to the Central Highlands region after 5 years of commercial operation from 2017-2021.

Dak Nong Aluminum Company was established with the direct task of managing and operating Nhan Co Alumina refinery with the goal of profit, effectively using capital and resources assigned by the Coal-Mineral Industry Group (TKV), contributing more and more to the State budget, creating jobs for local workers, accumulating resources and sustainably developing the mining and metal industry.

To know more: https://www.alcircle.com/news/vietnam-nhan-co-alumina-refinery-achieves-remarkable-results-after-5-years-of-commercial-operation-66291