Gujarat Mineral Development Corporation seeks partners for alumina, limestone ventures

State-owned Gujarat Mineral Development Corporation (GMDC) is planning to seek joint venture partners in alumina and solar plants, as part of a diversification plan. GMDC over the last one year has been trying to improve the performance across bauxite, power, limestone, manganese and its silica sand business that failed to grow as per their expectations. The miner […]

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Australia seen remaining world bauxite leader

Australia’s bauxite production is seen growing over the next few years thanks to expansion plans by Rio Tinto and Alcoa, allowing it to remain the world’s largest producer, according to Fitch Solutions. Rio Tinto is the largest bauxite producer in Australia and reported production of 54.3 million tonnes (mnt) from all its mines for 2021, […]

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UAE’s EGA inks 3-yr Guinea bauxite supply deal with China’s Bosai

United Arab Emirates (UAE)’ Emirates Global Aluminum (EGA) said it has signed a three-year deal to supply China’s Bosai Group with “several million tonnes” annually of bauxite from Guinea. Bauxite, the main aluminum ore, is refined into alumina, which is then used to make aluminium metal. China is the world’s biggest aluminum producer and Guinea […]

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Global primary aluminum output in December 2020 rose by 4.22% year-on-year: IAI

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Global primary aluminum production grew to 5.67 million tonnes in December, up 4.22% year-on-year, accompanying continuing demand growth, the International Aluminium Institute  (IAI) reported. Average daily output during the month at 182,900 tonnes was nonetheless 0.33 per cent lower than in November 2020, IAI said. Primary aluminium is aluminium tapped from electrolytic cells or pots […]

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Nalco plans Rs 30,000-cr investment for expansion, diversification by FY28

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State-run aluminium maker Nalco will invest around Rs 30,000 crore by financial year 2027-28 on various expansion and diversification plans. Of this proposed investment, the company will spend over Rs 7,000 crore on a fifth refinery, development of Pottangi bauxite mines and transportation and Utkal D&E coal mines. The remaining Rs 22,000 crore will be […]

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Aluminium producers likely to see pressure on profits: NALCO CMD, T.K. Chand

Falling global prices of alumina and aluminium are likely to put pressure on Indian producers of primary aluminium, which have achieved nearly full capacity utilization, said Tapan Kumar Chand, chairman and managing director, National Aluminium Corporation (Nalco) while addressing shareholders at the company’s annual general meeting, reports Business Standard. He also said that domestic prices were linked […]

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Environmental concerns and public backlash derail alumina projects in Chinese cities

Four more cities in northeast China’s Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world’s biggest alumina refinery, reports Reuters. The new cancellations – announced in recent days by the cities of Fengcheng, Fuxin, Gaizhou and Huludao – mean projects designed […]

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Recent hike in global alumina prices proves a bonanza for India’s state-owned NALCO

India’s Odisha-based National Aluminium Company (NALCO) is accumulating windfall gains from a recent spike in global alumina prices. The company’s strategy is to sell all of its surplus alumina at spot or index prices, instead of sealing long-term contracts, a move that will definitely boost its revenue and profit. Alumina contributes nearly 75 per cent to NALCO’s earnings before interest, taxes, […]

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