FOXBUSINESS
Bauxite, Alumina Supply Bottlenecks Loom -Norsk Hydro
Edited by : AL CIRCLE
1 min read
Bottlenecks in the supply of bauxite and alumina will be a key issue for the aluminum industry, and in particular for China, in the coming months, Norsk Hydro chief executive said Wednesday.
"Bauxite and alumina will be the first place in the value chain that we'll see bottlenecks going forward, and that will be driven by the desire for imports of bauxite into China," said Sven Richard Brandtzaeg.
"The major problem for China, in addition to the fact it needs access to cheap energy, is a lack of raw material supplies like bauxite to cover its needs, so the country is more and more dependent on bauxite imports," he said. "But Indonesia, a key supplier of bauxite, now wants to develop its resources and add value domestically instead of exporting them, so there are signals of limits on the export of Indonesian bauxite to China in the longer term."
"Bauxite and alumina will be the first place in the value chain that we'll see bottlenecks going forward, and that will be driven by the desire for imports of bauxite into China," said Sven Richard Brandtzaeg.
"The major problem for China, in addition to the fact it needs access to cheap energy, is a lack of raw material supplies like bauxite to cover its needs, so the country is more and more dependent on bauxite imports," he said. "But Indonesia, a key supplier of bauxite, now wants to develop its resources and add value domestically instead of exporting them, so there are signals of limits on the export of Indonesian bauxite to China in the longer term."
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