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THINK ALUMINIUM THINK AL CIRCLE
The bauxite segment of the global aluminium industry has witnessed some of the most crucial happenings during the last days of the year. Previously, during an economic forum, Indonesian President Joko Widodo said Indonesia would announce a ban on commodity exports without disclosing which or a timeframe for implementation. On December 20, 2022, the President announced that the country would impose a ban on bauxite exports from June 2023 onwards. On the side, the Australian Securities Exchange listed Canyon Resources receives new investors and shareholders to advance the development of the Minim Martap bauxite project. The future development prospects of the Minim-Martap project view Cameroon as the new source of high-grade bauxite supply that will feed the world’s growing demand.
The President of Indonesia, Joko Widodo, announced on December 20, 2022, that the nation would ban bauxite exports, the primary ore source of aluminium, starting from June 2023 to boost the domestic processing of the material. Indonesia ranks among the world's largest bauxite suppliers, with China as a significant consumer. The bauxite export ban's timing complies with Indonesia's present mining regulations.
To know more: https://www.alcircle.com/news/indonesia-to-impose-ban-on-bauxite-exports-from-june-2023-88493
The world-class bauxite project developer Canyon Resources has received a nearly A$12.1 million strategic placement from Eagle Eye Asset Holdings to advance the development of its Minim Martap bauxite project in Cameroon. Eagle Eye Asset will subscribe for more than 81.12 million Canyon shares at 6c each under the terms of the placement, representing a 41.8 per cent premium to Canyon's 30-day volume-weighted average share price and a 40.2 per cent premium to the company's 15-day volume-weighted average share price.
The primary driver of bauxite demand is aluminium production, which is anticipated to rise in response to increasing demand from the building, transportation, and packaging sectors. In 2021, the global bauxite market was valued at $15.59 billion, and from 2022 to 2030, it is forecast to grow at a CAGR of 1.7 per cent. The demand for aluminium is expected to increase due to favourable government regulations for electric vehicles (EV) and increased investment in manufacturing lightweight automobiles. As a result of this development, the bauxite business is likely to expand during the projection period.
To know more: https://www.alcircle.com/news/the-ten-most-significant-developments-in-the-global-bauxite-industry-in-2022-88501
The Malaysian construction engineering company, Citaglobal Bhd, formerly known as WZ Satu Bhd, is exiting its bauxite mining venture under SE Satu Sdn Bhd to focus on a portfolio of businesses that includes civil engineering and construction, oil and gas, power generation, property development, manufacturing, and renewable energy. During its bourse filing, the company said it would divest its 49% stake in SE Satu to Spring Energy Sdn Bhd for RM4.8 million.
To know more: https://www.alcircle.com/news/malaysia-s-citaglobal-bhd-exits-bauxite-mining-venture-88516
Discovery Bauxite, an Atlantic Alumina subsidiary that aims to plant 200,000 trees over three years in support of the National Tree Planting Initiative, has announced that it is ahead of schedule. Operation Discovery Tree was launched in December of last year. Ackee, jackfruit, apple, kola nuts, pimento, cedar, mahogany, blue mahoe, moringa, citrus, mango, breadfruit, and avocado trees have been planted so far.
To know more: https://www.alcircle.com/news/discovery-bauxite-continues-its-reforestation-efforts-plants-large-number-of-trees-88480
The Malaysian construction engineering company, Citaglobal Bhd, formerly known as WZ Satu Bhd, is exiting its bauxite mining venture under SE Satu Sdn Bhd to focus on a portfolio of businesses that includes civil engineering and construction, oil and gas, power generation, property development, manufacturing, and renewable energy.
To know more: https://www.alcircle.com/news/malaysia-s-citaglobal-bhd-exits-bauxite-mining-venture-88516
According to our report, it has been confirmed since December 15 that the road transportation of bauxite and coal from the Indian state-owned Mormugao Port has been halted due to opposition from Vasco City inhabitants to the transit of these commodities due to pollution concerns.
To know more: https://www.alcircle.com/news/bauxite-cargo-evacuation-at-india-s-mormugao-port-halted-due-to-protests-by-residents-88468
On December 19, 2022, the construction work on a bauxite-alumina mining industrial complex, one of Vietnam’s most significant projects in Lao, was initiated in Dakcheung district, the southern Lao province of Sekong. The investment is counted as one of the biggest investment projects in the country’s Sekong province.
To know more: https://www.alcircle.com/news/vietnam-makes-the-most-significant-investment-in-laos-for-bauxite-exploration-88476
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