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Australian Bauxite analysis
Edited by : AL CIRCLE
1 min read
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month.
The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne.
Commenting on the market trends, (Australian Bauxite Limited)ABx CEO, Ian Levy said;" The upward trend in prices and tonnages has been a bit above expectations but not surprising when one looks at the industry transformation that has occurred in China and India since 2003. Most pleasing is the fact that Australian Bauxite's discoveries are achieving price premiums exceeding 25%."
ABx has the potential to create significant bauxite developments in three states - Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne.
Commenting on the market trends, (Australian Bauxite Limited)ABx CEO, Ian Levy said;" The upward trend in prices and tonnages has been a bit above expectations but not surprising when one looks at the industry transformation that has occurred in China and India since 2003. Most pleasing is the fact that Australian Bauxite's discoveries are achieving price premiums exceeding 25%."
ABx has the potential to create significant bauxite developments in three states - Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
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