Imported bauxite prices in China moved slightly higher last week amid improved activity in the spot market. No trend-level shift emerged on the supply-demand side. Although rainy-season disruptions and elevated freight rates continued to weigh on Guinea's export volumes, the country's weekly...
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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The world’s second-largest producer of bauxite, Guinea’s unit of military seized power and suspended the constitution, destabilizing the West African nation, which is the global largest exporter of aluminium ore. On 5 th September 2021, Colonel Mamady Doumbouya, the head of Guinea’s Special Forces...
According to the Shanghai Metals Market, Bauxite (6.5≤Al/Si＜7.5) price in Guizhou has jumped by RMB 105 per tonne to reach RMB 475 per tonne on Friday, August 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 450-500 per tonne. Bauxite (6.5≤Al/Si＜7.5) price...
According to the Shanghai Metals Market data, Bauxite (4.5≤Al/Si＜5.5) price in Henan has soared by RMB 60 per tonne after remaining restrained at RMB 430 per tonne since July 29. As of Tuesday, August 24, the hike has brought the price to RMB 490 per tonne, with average prices expected to range...
SMM aluminium ingot price performed lower, except Thursday and Friday. The week started with a decrease of RMB 30 per tonne to stand at RMB 19820 per tonne on Monday, 02 August. The price settled lower at RMB 19790 per tonne and RMB 19730 per tonne on Tuesday and Wednesday. But the week ended...
The Bauxite (4.5≤Al/Si＜5.5) price in Henan stood at RMB 430 per tonne on Thursday, 29 July 2021, an increase of RMB 42.5 per tonne after remaining restrained since July 12. The average price is expected to range between RMB 400-460 per tonne. Prices of bauxite remain unchanged in all the three...
After a month-long restraint, bauxite (4.5≤Al/Si＜5.5) Henan price has increased by RMB 27.50 per tonne to stand at RMB 387.50 per tonne as of Monday, July 12, found the Shanghai Metals Market. The average prices are expected to range between RMB 365-410 per tonne. Among other primary aluminium...
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des...
SMM aluminium ingot price increased by RMB 140 per tonne on Tuesday, June 15 to stand at RMB 18970 per tonne. The price then declined to stand at RMB 18840 per tonne and RMB 18650 per tonne on June 16 and June 17, a drop of RMB 130 per tonne and RMB 190 per tonne. Aluminium price further reduced by...
According to the Shanghai Metals Market data, bauxite (6.5≤Al/Si＜7.5) price in Guizhou has climbed by RMB 10 per tonne to come in at RMB 370 per tonne on Tuesday, June 15. The average prices are expected to range between RMB 340-400 per tonne Bauxite (4.5≤Al/Si＜5.5) price in Henan has grown by RMB...
The last week saw some of the leading companies announcing new agreement for bauxite supply and submitting the ‘Environmental and Social Impact Assessment’. Let’s explore the top stories covering the downstream products vertical for the week that went by: Metro Mining Limited has signed two new...
On June 9, 2021, Bauxite (6.5≤Al/Si＜7.5) price in Guangxi, China, has recorded a rise of RMB 15 per tonne after remaining restrained for over a year, found the Shanghai Metals Market. The price has rebounded to RMB 280 per tonne since its last plunge to RMB 265 per tonne on May 26, 2020. The...
Metro Mining reported sharp increase in Ocean Freight costs across all vessel classes in the first quarter of 2021.The increase was due to new and longer shipping routes caused by changing Chinese buying patterns, stronger commodity prices, limited new vessel builds during 2020 with the uncertainty...
On 6 th March 2021, the Odisha cabinet held a meeting, where it approved the proposal of the state government to authorize Odisha Mining Corporation (OMC) to sell the entire quantity of bauxite ore meant for sale through national e-auction for 2020-21 at the rate of INR 1,000 per tonne. As decided,...
In 2017, Bel Air Mining was established in Guinea and now in 2021, it is in a deep financial crisis. The Guinean subsidiary of Alufer Mining Ltd., which exploits bauxite in the Boffa region, has been severely affected due to the recent slash in prices and the increase in freight and restrictions...
The Self-reliant India movement, a vision drawn by Narendra Modi, Prime Minister of India to make India a global manufacturing hub and aluminium industry is all set to play a key role in the movement. Presently, the worldwide manufacturing sectors like aerospace, space exploration, national...
A00 aluminium ingot price has continued to fall for the fourth consecutive day by RMB 180 per tonne to stand at RMB 14,720 per tonne on Thursday, January 14, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,700 per tonne and RMB 14,740 per tonne, with spot...
SMM aluminium ingot price has risen by RMB 10 per tonne from its earlier price to RMB15090 per tonne on Friday, 06 November 2020. The price has registered a hike after two days of decline. It expected to move within a range of RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has increased...
As of Monday, October 12, A00 aluminium ingot price has recorded a hike of RMB 90 per tonne for the second day in a row to come in at RMB 14,940 per tonne, found the Shanghai Metals Market data. The price has expanded today despite the surge in primary aluminium ingots inventories to 715,000 tonnes...
