Australia Plans $300 - 470 Million Bailout for Tomago Aluminium with Discounted Renewable Power

The Inola City Council in Oklahoma, US, voted and decided to suspend approval for 60 days for the largest aluminum project in the US, with a total investment of $4 billion and an annual capacity of 750,000 mt, in order to thoroughly assess the project's impact on the environment and local residents. The project is 60% owned by Emirates Global Aluminium (EGA) of the UAE and 40% by Century Aluminum, and the relevant enterprises submitted an air permit application at the end of March. Although the project received support from federal and state governments and claimed it would create a large number of jobs, it still faced collective opposition from local residents, who were concerned that pollution from the project would harm their health. Meanwhile, the project also became a central issue in the party’s primary for governor, with sharply opposing stances: the state attorney general filed a lawsuit to halt the project, arguing that it was controlled by a foreign sovereign enterprise; while the attorney general’s opponent in the race received Trump’s endorsement and fully supported the project's implementation. The suspension of the approval has added significant uncertainty to this aluminum project, which involves foreign investment, public welfare, and election maneuvering.

Recently, the chairman of India's state-owned National Aluminium Company (NALCO) announced an expansion plan. The plan will involve an investment of 280–300 billion rupees (equivalent to 23.8–25.5 billion yuan) over the next 3 to 4 years. Specifics include the construction of a new aluminum smelter with an annual capacity of 500,000 mt, along with a supporting 1,000 MW captive power plant. The project is expected to commence construction in 2027 and be commissioned from 2030 to 2031. In terms of capital allocation, the aluminum segment will receive an investment of 170 billion rupees, and the captive power plant will receive 100 billion rupees. Furthermore, to reduce carbon emissions, the company has set a goal of having 30% of its production electricity come from green electricity by 2030. It is currently developing wind and PV projects in parallel and plans to purchase green electricity externally to help reduce emissions.

[The purchase price of caustic soda from the mainstream alumina factory in Shanxi Province] SMM informed that the purchase price of 50% ion membrane liquid alkali standing order of the mainstream alumina factory in Shanxi Province was flat in July And the delivery-to-factory price was 2,090 yuan/ton (price adjusted on a 100% concentration basis).