Yesterday, Chalco officially announced that they will shut down 970kt alumina capacity to ensure the benefit maximisation, or in other words to minimise “LOSSES”. As reported before, it should include the alumina refining of Chalco Shanxi, which has annual capacity of 800kt. So how terrible is the market condition now? In my personal opinion, the […]
In 2015, our Managing Director Paul Adkins predicted that by 2018 Malaysia’s bauxite export bonanza will be dead or close to dead. But we were out by a year – it’s now looking like Malaysia’s bauxite activity will die this year. Since Indonesia banned its ore exports including bauxite in 2014, Malaysia’s bauxite exports to China […]
Around 7pm on 8th of August, Xiangjiang Wanji Aluminium’s red mud storage had a landslide accident. Xiangjiang Wanji Aluminium is a private alumina refinery. It was established in 2005 by Xinjiang Group Co. Ltd and Luoyang Xinan Power Grid Group Co. Ltd. The established annual capacity is 1.2 million tonnes of alumina. The red mud storage which […]
Bloomberg has just run a story that the Malaysia ban on mining of bauxite is to be extended another 2 months. According to the story, the Malaysian Minister for Natural Resources and Environment Wan Junaidi Jaafar has told reporters that the ban will be extended until September 14. According to Bloomberg, there is still 5.4 million tons of […]
China’s news media is carrying a story today that 11 construction workers were killed at a Chalco alumina plant in Henan province yesterday. According to the Chinese news stories, the accident occurred while workers were dismantling a settling tank. During the process the tank was dislodged and fell on top of the workers. […]
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