Market Selection

Shanghai Futures Exchange Given Green Light To Trade Alumina Futures

Shanghai Futures Exchange Given Green Light To Trade Alumina Futures

The Shanghai Futures Exchange (SHFE) obtained permission from Beijing late last week to begin trading alumina futures. On Friday, the Securities Regulatory Commission signed off on the plan. With the registration system in place, the SHFE has opened the door to becoming...

-

Events

Alro And Azeraluminium Ink Memo Of Understanding

Alro And Azeraluminium Ink Memo Of Understanding

Romanian aluminium smelter Alro S.A. signed a memorandum of understanding this week with Azerbaijan state-owned firm Azeraluminium to cooperate on enhancing technical and economic capacities. The agreement specifically lined out the possibility of Alro supplying baked anodes and alumina to Azeraluminium on a two-to-five-year agreement. Also discussed was establishing a mechanism for processing continuous casting […]

-
Alumina Limited Comes To Alcoa’s Bauxite Operations Defense In Western Australia

Alumina Limited Comes To Alcoa’s Bauxite Operations Defense In Western Australia

Australia’s Alumina Limited is supporting Pittsburgh’s aluminium pioneer Alcoa Corporation’s bauxite mining project in Australia against a pushback in Western Australia centered on its waste disposal practices. Peter Day, Alumina Limited’s chairman, said at a gathering in Melbourne earlier this week that it is in talks with the local government regarding new regulations that will […]

-
Indonesia Prepares For Massive Investment In Electronic Vehicle Battery Production

Indonesia Prepares For Massive Investment In Electronic Vehicle Battery Production

The Indonesian government said last week that it expects to receive up to US$31.9 billion in investments in aluminium and other raw materials through 2026 as part of its ramp-up of the domestic battery supply chain. A large part of the rationale on focusing upon battery production is Indonesia’s significant supply of nickel. Nickel is […]

-
Jamalco Alumina Refinery Owners Contemplate Incorporation To Attract Overseas Investment

Jamalco Alumina Refinery Owners Contemplate Incorporation To Attract Overseas Investment

Jamalco alumina refinery’s operating entities plan to incorporate before they begin seeking the capital needed for further growth. Such was the message coming from its leadership in an interview earlier this month. Jamalco’s Managing Director Austin Mooney said such a move would open the door to investments from abroad. “We are a non-incorporated joint venture, […]

-
NALCO’s Net Profit Dipped By 51 Percent Last Quarter

NALCO’s Net Profit Dipped By 51 Percent Last Quarter

India’s National Aluminum Company Ltd (NALCO) turned in results for the final quarter of fiscal year 2023, registering a decline in its performance over the same time last year. In the just-ended quarter NALCO returned a net profit of ₹459 crore, off by 51.7 percent from last year’s fourth quarter net profit of ₹1025.46 crore. […]

-