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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The Finance Minister, Ken Ofori-Atta, says the Akufo-Addo –led administration is bent on moving away from exporting the country’s resources in their raw forms. Speaking ahead of the UK-Ghana Investment Summit scheduled in Accra from October 15-16, the Minister said, adding value to resources before...
According to the latest update from Shanghai Metals Market on September 12, the A00 aluminium ingot price has dipped by RMB 120 per tonne to stand at RMB 14500 per tonne. As per the data found by SMM, the average expected price today is likely to range between RMB 14480 per tonne and RMB 14520 per...
China’s bauxite imports found decreased in July by China Customs from a month ago as rainy season lowered the supply from Guinea. {newsStudioGallery} Data showed China imported a total volume of 7,280,000 tonnes of bauxite in July, compared to 7,440,160 tonnes in June. This means the volume dropped...
Amid increasing raw material prices and dipped primary aluminium social inventory in China, A00 aluminium ingot price has been on a rising trend since the beginning of August, except a few intermittent drops. According to the latest update from Shanghai Metals Market, the ingot price has again...
According to the latest update by Shanghai Metals Market, alumina production in Lvliang of Shanxi province is likely to be affected as the area was highlighted in China’s three-year initiative to “make skies blue again”. This initiative was released by the State Council on June 3, 2018, with an aim...
The International Monetary Fund (IMF) has approved $24 million for Guinea to support the economy of the bauxite-producing West African nation, the Finance Ministry said on Wednesday. Guinea, whose economy has been hit by low global commodities prices, reached a deal with the IMF in December giving...
On anticipating the shortage of bauxite availability in China within the next three years, Alumina Limited would consider acquiring new bauxite assets. It would even consider ramping up the production capacities of its existing mines. Alumina and its joint venture partner Alcoa have exposure to...
The repeated instances of civil unrest in Guinea, particularly in the mineral-rich region of Boké in the west of the country have been incessantly growing over time. Guineans claim that the mining companies in Guinea failed to contribute to their wellbeing, despite being a country with the highest...
According to Shanghai Metals Market, bauxite supplies are tightening in Shanxi province, the main bauxite producing area in north China. Supply of bauxite with an alumina/silicon ratio above 4.5 was short in the market, as the Shanxi government started checks on illegal mining across the province....
At the commencement of e-auctions, Odisha Mining Corporation offers 190,000 tonnes of bauxite secured from its Kodingamali mines in Southern Odisha. This maiden attempt of OMC to sell bauxite at e-auctions has evoked buying interests from many alumina refinery owners, both within and outside the...
Vedanta, a global diversified metals and mining company, plans to sign a long-term contract with Odisha Mining Corporation (OMC) to haul bauxite for its Lanjigarh (Kalahandi district) alumina refinery. However, the company is perplexed about the escalation of the transport cost of procuring raw...
On the face of refined aluminium inventory plunge and a rise of aluminium production after winter heating season, Shanghai Metal Market learns that the price of bauxite though remains unchanged since March 19, 2018 exhibits a steady rise. The price rise of bauxite indicates that the bauxite market...
China’s refined aluminium inventory has been exhibiting a drop for past two weeks owing to more and more consumption of downstream products in the market. According to the Shanghai Metal Market data, China’s aluminium inventory including SHFE warrants hovered at 2.23 million tonnes on Monday April...
China’s refined aluminium inventory witnessed a further drop on Thursday March 29, 2018, as was expected by the analysts that refined aluminium inventory in China would start reducing between March and April this year after a rise in downstream consumption in the domestic market. According to the...
The entire Shanghai base metals complex moved forward as the dollar index slipped by 0.1 per cent to 89.29. Average Aluminium ingot prices remained unchanged today. However in the individual market, primary ingot prices registered some changes. Alloy prices have also remained unchanged today....
Mineral Resources Minister of Fiji Faiyaz Koya says that payments of $1.7m revenue were paid to the landowners in Nawailevu, Bua and Naibiulu and $781,000 was paid to the government. Bauxite is mined from 408 hectares of prospective zones in the Nawailevu area in Bua and part of the Naibulu East...
With the growing domestic aluminium inventory and slow demand, both alumina and aluminium prices in China registered fall yesterday. However, China has registered a rise in prices of A00 aluminium ingot prices today. Primary aluminium ingot price also increased across all markets. Average A00...
The State Cabinet in its meeting held yesterday, February 21, has approved the amendment of the long-term linkage policy to facilitate bauxite linkage. Chief Secretary Aditya Prasad Padhi said 70 per cent of the saleable stock of bauxite will be made available for long-term linkage and the balance...
