Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. For instance, India's bauxite mining sector has grown in the non-ferrous segment, achieving an output of 23.93 million tonnes in FY 2023-2024. As of April 2024, production surpassed the previous year by 86 thousand tonnes. Chinese enterprise State Power Investment Corp. (SPIC) generated significant buzz at the start of the year with its announcement of a new heavy-duty alumina refinery in Guinea. This latest initiative follows three successful years of bauxite production in the West African nation. The Visakhapatnam Port Authority (VPA), strategically positioned on India's East Coast, has started the New Year on a high note, showcasing impressive growth. Playing a pivotal role in Visakhapatnam's evolution from a quaint fishing village to a thriving metropolis, the port achieved a historic milestone by handling 60.28 million tonnes of cargo in the first three quarters of the 2024-25 fiscal year.
India's bauxite mining sector has shown growth in the non-ferrous segment, achieving an output of 23.93 million tonnes in FY 2023-2024. As of April 2024, production surpassed the previous year by 86 thousand tonnes.
Chinese enterprise State Power Investment Corp. (SPIC) generated significant buzz at the start of the year with its announcement of a new heavy-duty alumina refinery in Guinea. This latest initiative follows three successful years of bauxite production in the West African nation.
The Visakhapatnam Port Authority (VPA), strategically positioned on India’s East Coast, has started the New Year on a high note, showcasing impressive growth. Playing a pivotal role in Visakhapatnam’s evolution from a quaint fishing village to a thriving metropolis, the port achieved a historic milestone by handling 60.28 million tonnes of cargo in the first three quarters of the 2024-25 fiscal year.
Arrow Minerals Limited is delighted to announce exceptional assay results from its inaugural drilling program at the Niagara Bauxite Project in Guinea. Strategically situated approximately 100 km from the multi-user Trans-Guinean Railway, the project is well-positioned for efficient logistics.
The Iranian knowledge-based company Nano Pouyesh Yekta Nano has successfully developed a portfolio of 50 nano-based products, including gamma alumina oxide nanopowder. Renowned for its hardness, thermal stability, and high specific surface area, nano alumina finds extensive applications across various industries.
To know more: https://www.alcircle.com/news/wide-applications-of-nano-alumina-high-hardness-and-thermal-stability-lead-the-way-112922
In the first eleven months of 2024, global production of metallurgical-grade alumina reached 125.66 million tonnes, marking a 1.91 per cent year-on-year increase from 123.304 million tonnes, according to the latest data from the International Aluminium Institute (IAI). Meanwhile, chemical-grade alumina output rose by 3.97 per cent to 8.113 million tonnes, up from 7.803 million tonnes.
The International Aluminium Institute reports that the Asia & Africa region produced a total of 1.164 million tonnes of alumina (metallurgical and chemical combined) in November 2024. Of this, 1.135 million tonnes were metallurgical-grade alumina, while chemical-grade alumina accounted for 29,000 tonnes.
To know more: https://www.alcircle.com/news/asia-africas-metallurgical-grade-alumina-production-drops-5-18-m-o-m-but-gains-1-16-y-o-y-112937
Alcoa's (NYSE: AA) share price has plummeted nearly 60 per cent since reaching its all-time high in March 2022. In contrast, the S&P 500 index has risen by 33 per cent over the same period, highlighting Alcoa's significant underperformance relative to its peers.
On Sunday, December 15th, Chalco's Investment Management Department conducted a preliminary design review for the energy-saving and efficiency-enhancing upgrade project at Chinalco Shanxi New Materials. The review was carried out in collaboration with the Finance, Science and Technology Innovation, and Safety, Environment, and Health Departments, with a team of experts overseeing the process.
The multi-phase smelter grade alumina refinery (SGAR) project by PT Borneo Alumina Indonesia (BAI), a joint venture between PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang (Antam), is expected to deliver significant economic benefits to the Mempawah region in West Kalimantan.
To know more: https://www.alcircle.com/news/sgar-a-project-worth-boasting-for-pt-bai-is-potent-in-boosting-regional-economy-112950
Hindalco Industries Ltd., the metals flagship of the Aditya Birla Group, has reached a major milestone with the allocation of the Meenakshi Coal Mine in Odisha through a vesting order by the Ministry of Coal. This follows the successful signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a key step in the company’s efforts toward resource securitization, energy efficiency, and sustainable growth.
Press Metal Aluminium Holdings Berhad, a Malaysia-based aluminium company with a wide global presence, is poised for strong financial and operational performance in the New Year 2025. This positive outlook is driven by rising demand from China and lower raw material costs, thanks to an increase in alumina supply.
Aluminium trading prices have remained stable at INR 241.4 (US$2.82) in India as on December 30, 2024 and while the prices have not changed, key data indicates an underlying tension in the market due to supply and demand dynamics.
Aluminium production, a highly energy-intensive metal industry, presents a significant challenge for global climate mitigation efforts. A recent study published by Nature examines the changing dynamics of greenhouse gas (GHG) emissions in the aluminium sector and emphasizes the urgent need for innovative technologies and policy interventions to meet net-zero targets.
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