AlCircle.com
China's appetite for bauxite subsides after slowdown
Edited by : Dipanwita Gupta
1 min read
<p>China imported 3,506,176 million tonnes of bauxite in June 2016, down 12.3 per cent from the same period previous year. The year-to-date bauxite import, however, increased 12 per cent to reach 25,197,259 mt.<br /><br />Australia topped the list of countries which supplied bauxite ore to China. Australia shipped 1,679,326 mt of bauxite, up 29 per cent y-o-y to China. Guinea was the second biggest supplier of the mineral to China followed by Brazil and Malaysia. Shipment of bauxite from Malaysia to China declined 87 per cent y-o-y to stand at 228,327 mt in June.<br /><br />China imported 53,485 mt of bauxite from India during the period under review. The volume marks a sharp decline of 92 per cent from the corresponding period previous year.<br /><br />China, which happens to be the largest consumer of aluminium, has always been a voracious importer of bauxite. However, with the recent slowing down of the economy and the smelter re-starts still under process, the appetite for the ore has somewhat subsided; but once the smelters that were previously shut down start operating, the imports will take off, opine sources close to the industry.<br /><br /></p>
Previous article
Hydro reports a drop in underlying EBIT for Bauxite & Alumina segment
Next articleBauxite prices CIF China up by 0.3% over the week ending 22 July closing at US$49.5/dmt
Grow with
AL Circle
