02 FEBRUARY 2016AlCircle.com
China's appetite for imported bauxite to grow bigger in 2016
Edited by : AL CIRCLE
1 min read
China’s demand for imported bauxite will remain high in 2016 after a 53.86 per cent increase in 2015, SMM predicts. SMM expects output of alumina in China that relies heavily on imported bauxite to grow to 20.4 million tonnes (mt) in 2016, and this will boost demand for imported bauxite to 55 mt.
China’s customs data showed that the country imported 7.11 mt of bauxite in December 2015, up 118.82 per cent from corresponding period last year, and imported 55.82 mt in 2015. Alumina capacity at Shandong Weiqiao Pioneering Group expanded to 11 million-tpy, the main driver of China’s bauxite import growth.
In an earlier report, SMM had predicted, China’s appetite for imported bauxite would decline in the short term. The forecast came after Shandong Weiqiao Pioneering Group and Shandong Xinfa Group announced in December to slash their alumina production capacities by 3 mt.
Prior to that, China imported 5.42 mt of bauxite in November, up from 4.48 mt in October and up 110.84 per cent from a year ago, customs data showed. The month-on-month increase was mainly contributed by imports from Malaysia, India, Brazil and Guinea.
China’s customs data showed that the country imported 7.11 mt of bauxite in December 2015, up 118.82 per cent from corresponding period last year, and imported 55.82 mt in 2015. Alumina capacity at Shandong Weiqiao Pioneering Group expanded to 11 million-tpy, the main driver of China’s bauxite import growth.
In an earlier report, SMM had predicted, China’s appetite for imported bauxite would decline in the short term. The forecast came after Shandong Weiqiao Pioneering Group and Shandong Xinfa Group announced in December to slash their alumina production capacities by 3 mt.
Prior to that, China imported 5.42 mt of bauxite in November, up from 4.48 mt in October and up 110.84 per cent from a year ago, customs data showed. The month-on-month increase was mainly contributed by imports from Malaysia, India, Brazil and Guinea.
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