What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
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...
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A00 aluminium ingot price has begun the week on Monday, September 28, by recording a sharp rise of RMB 270 per tonne to RMB 14,550 per tonne, found the Shanghai Metals Market. The primary aluminium ingot price has increased today after three consecutive days of hike from RMB 14,790 per tonne to RMB...
The alumina price in China continued to remain flat over the week. The price on Monday, August 24, increased by RMB 17 per tonne to stand at RMB 2347 per tonne. The price did not show any movement on Tuesday, Wednesday and Thursday. The price stood higher at RMB 2360 per tonne on Friday, August 28....
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 390 per tonne on Friday, 28 August 2020, an increase of RMB 10 per tonne, after remaining flat at RMB 380 per tonne since July 2. The average price is expected to move within a range of RMB 360-RMB 420 per tonne. The average spot...
Alumina (Imported) price has increased to RMB 2365 per tonne, representing a growth of RMB 65 per tonne after remaining unchanged at RMB 2300 per tonne since August 18. The average price is expected to move within a range of RMB 2350-2380 per tonne. Alumina price in other major China markets...
The alumina price in China performed higher over the week, except Monday. The price on Tuesday increased by RMB 15 per tonne to stand at RMB 2276 per tonne, after remaining flat on Monday. The price stood at RMB 2333 per tonne on Friday July 3, up RMB 46 per tonne from RMB 2287 per tonne on...
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 380 per tonne on Thursday, 02 July 2020, an increase of RMB 10 per tonne, after remaining flat at RMB 370 per tonne since June 24. The average price is expected to move within a range of RMB 360-RMB 400 per tonne. The average spot...
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 370 per tonne on Wednesday, 24 June 2020, an increase of RMB 5 per tonne, after remaining flat at RMB 365 per tonne since April 29. The average price is expected to move within a range of RMB 350-RMB 390 per tonne. A00 aluminium...
Ukraine decreased the import of aluminium ore and concentrate (bauxite) by 9% in January-May’20 compared to the same period in 2019, to 1.945 million tonnes. According to statistics released by the State Customs Service, bauxite imports in monetary terms decreased by 8.2%, to $85.069 million during...
The industrial revolution on the European continent began in Belgium. Thus everything was in place for boosting the coal and steel industries in both areas. Other reasons for its industrialization came from its geography. Its proximity to Britain and its strong trading relationship with her allowed...
The average Bauxite (6.5≤Al/Si＜7.5) price in Guangxi stands at RMB 265 per tonne on Tuesday, 26 May 2020, down RMB 15 per tonne or 5.36 per cent, after remaining flat at RMB 280 per tonne since May 12. The average price is expected to move within a range of RMB 230-RMB 300 per tonne. The average...
The economy of Turkey is an emerging market economy as defined by the International Monetary Fund. Turkey is among the world's developed countries according to the CIA World Factbook. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries....
Following a jump of RMB 190 per tonne, the "A00 aluminium ingot price" has recorded a marginal rise today, on May 12, found the "Shanghai Metals Market". Data shows the primary aluminium ingot price has increased by RMB 10 per tonne to stand at RMB 13,040 per tonne on May 12. The average prices are...
Ecuador is a country straddling the equator on South America’s west coast. Ecuador's economy has been one of the most stable in the Latin American continent. The country has enjoyed a healthy economy supported by the dollarization regime the country uses the US dollar for its currency—and high oil...
The average Bauxite (4.5≤Al/Si ＜5.5) price in Shanxi stands at RMB 365 per tonne on Wednesday, 29 April 2020, down RMB 25 per tonne or 6.41 per cent, after remaining flat at RMB 390 per tonne since April 15. The average price is expected to move within a range of RMB 350-RMB 380 per tonne. The...
Eurasian Resources Group (ERG), one of the leading producers of diversified natural resources, has declared on 14 th April’20, to shut down one of its bauxite mines for three months. The bauxite mine has been the supply feedstock to its alumina plant in Pavlodar, Kazakhstan. Eurasian Resources...
On 10 th April’20 Fitch Ratings, the leading provider of credit ratings, headquartered in the USA, revised down its sovereign long-term foreign currency rating on Jamaica to stable from positive citing the expected negative shocks of its exports of bauxite, alumina, and remittances due to the...
The main minerals mined in Sierra Leone other than bauxite are diamonds, rutile, gold, iron and limonite, though diamond mining makes the highest revenue in the overall mining sector. Diamond mining in Sierra Leone has been seen as one of the key factors for instability in the country and one of...
It has been a major development as the first biggest layoff warning call involving a production plant due to the COVID-19 epidemic. The management of the plant declared almost all of its 302 employees would be laid off. A letter to the employees dated 30 th March’20 has been delivered which stated...
