Alumina Weekly Recap: Mining Minister highlights US$500,000 loss per day at Jamalco refinery for fire breakout; Alumina production in Europe grows by 2.12% to 914,000 tonnes in Aug’21

This week a lot had happened in the Alumina industry. On Monday, September 27, the average alumina spot price had increased by RMB 126 per tonne to settle at RMB 3,733 per tonne. For September 28, the average alumina spot price was recorded at RMB 3,744 and for September 29, the spot price stood at RMB 3820 per tonne. Similarly, for September 30, the average alumina spot price had closed at RMB 3820 per tonne.

To know more: https://www.alcircle.com/news/average-alumina-spot-price-in-china-continues-to-grow-by-rmb76-t-to-stand-above-rmb3800-t-a00-aluminium-ingot-price-climbs-by-rmb330-t-70488

According to the International Aluminium Institute (IAI) data, world alumina production continued to fall in August 2021 to stand at 11.565 million tonnes, including 10.845 million tonnes of metallurgical grade alumina. That was a decrease of 0.89 per cent compared to a drop of 0.66 per cent last month. In July, the output declined from 11.746 million tonnes in June to 11.669 million tonnes.

To know more: https://www.alcircle.com/news/world-alumina-production-dips-by-1-to-11-565-million-tonnes-in-august-2021-daily-average-output-stands-at-373-100-tonnes-70483

Robert Montague, the Minister of Transport and Mining will be updating the parliament about the current situation of Jamalco alumina refinery which was affected by fire breakout on August 22, 2021. The alumina refinery, located in Hayes, Clarendon, was shut down initially after the fire breakout, resulting in significant alumina price hike.

To know more: https://www.alcircle.com/news/mining-minister-to-apprise-parliament-on-jamalcos-current-situation-following-fire-breakout-incident-70502

Mining Minister Robert Montage informed the House of Representatives that the August 22 fire breakout in the Jamalco alumina refinery has caused the company lose US$500,000 per day. This is based on the production cost of US$150 per tonnes of alumina at a production rate of 3,170 tonnes everyday. He also revealed that the situation in Jamalco is highly critical, interrupting the alumina production there.

To know more: https://www.alcircle.com/news/mining-minister-highlights-us500-000-loss-per-day-at-jamalco-refinery-for-fire-breakout-critical-assets-also-at-stake-70512

According to the International Aluminium Institute, alumina production in Europe, including Russia, continued to grow for the second month in a row in August 2021. IAI data showed the output increased by 19,000 tonnes or 2.12 per cent in the said month to come in at 914,000 tonnes compared to 895,000 tonnes in July 2021. In June 2021, alumina production in Europe, including Russia, stood at 848,000 tonnes, meaning the output in July recorded a hike of 47,000 tonnes or 5.54 per cent month-on-month.

To know more: https://www.alcircle.com/news/alumina-production-in-europe-grows-for-the-second-month-in-a-row-by-2-12-to-914-000-tonnes-in-aug21-70493

FYI Resources is eyeing to create a market-leading high purity alumina (HPA) business, and for that matter, has entered into a partnership with global alumina leader Alcoa. They have signed a joint venture term sheet to create an initial demonstration refinery and an 8,000 tonne-per-annum HPA production facility.

To know more: https://www.alcircle.com/news/fyi-resources-signs-jv-term-sheet-with-alcoa-aspiring-to-create-a-market-leading-high-purity-alumina-business-70516