Rio’s Pacific Aluminium May Fetch $2 Billion, Macquarie Says

Aluminium Ingot January Production Analysis & February Forecast

According to SMM's research findings, Yunnan Province is currently experiencing a dry season, with hydropower contribution remaining at a relatively low level. Enterprises have no immediate plans for production resumption and await clearer policy guidance from the power sector.

The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut costs or halt production. However, there is hope for relief through potential relaxation of the export ban policy. Efforts are underway to boost alumina production capacity, although challenges persist in addressing the surplus bauxite issue.

Export Volume Of Lithium Hexafluorophosphate In December

Rio Tinto is expected to produce 510,000-610,000 mt of copper in 2018 and 225,000-265,000 mt of refined copper, the company said on Thursday.

Rio Tinto’s net profit surged over 9-fold in H1 2017 thanks to higher selling price of iron ore and other commodities.

Rio Tinto put its Silvergrass iron mine into production which is located in west Australia.

Rio Tinto officially opened its Silvergrass iron ore mine in Western Australia, the company said on its website on August 30.

LME aluminum will trade at USD 2,005-2,035/mt on Thursday, and SHFE 1710 aluminum will regain losses seen on Wednesday’s night trading, with price estimated at RMB 16,000-16,250/mt. 

Rio Tinto’s copper output at its copper mines slid 37% year-on-year to 84,200 tonnes in the first quarter of 2017 as a result of strike at Chile’s Escondida copper mine and output cut at Grasberg mine