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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<p>A drop in global bauxite price has slowed down bauxite shipment of XINFA Aurum Exploration in Fiji. However, the company says it will continue with its mining operation in Bua despite the price drop in order to accumulate its stock. Ministry of Lands and Mineral Resources Permanent Secretary...
<p>Recently, a media update says The Republic of Fiji has earned revenue of $2.8 million from the first shipment of bauxite in 2017, totalling $52.2m revenue since mining started at Nawailevu in Bua in 2010. Fiji houses Vanua Levu mine, which is one of the largest bauxite mines in Oceana, with...
<p>Bauxite and prices in the domestic China market have registered the first gain on June 26 since May. Throughout June bauxite prices remained flat in all major Chinese provinces. Mining operations in major bauxite-producing regions Shanxi and Guizhou were mostly suspended in May as the central...
<p>According to the Economic Complexity Index (ECI), Kazakhstan is the 51st largest export economy in the world and the 48th most complex economy. The country’s mining industry is estimated to reach $30 billion by 2017.</p> <p>Kazakhstan has ample reserves of bauxite.The country occupies...
<p>Bauxite prices in China major markets remain unchanged while demand grows sustainably within the country. As on June 5, Monday, average price of Bauxite (5.5=Al/Si<6.5) Guangxi stands at RMB 217.50 per tonne, Bauxite (6.5=Al/Si<7.5) Guizhou average price is RMB 295 per tonne, Bauxite...
<p>Current trends in the metallurgical grade Chinese markets are encouraging and ABx is beginning to engage with potential customer refineries – but current prices still need to rise a bit yet.</p> <p>In the meantime, ABx will grow its bauxite business by supplying cement-grade bauxite for...
<p>Both bauxite and prebaked anode prices in the domestic China market remain flat on May 22 2017. Though daily prices remain flat, the bauxite prices register a drop on a monthly analysis and prebaked anode registered a rise.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
<p>The week gone by was more or less flat for the global bauxite industry. The newsmakers are mainly from the West African and the Chinese regions. Jamaica, Fiji and Guinea are working on their bauxite industry potentials, trying to develop the industry through various investment and...
<p>In our last update on China bauxite market, dated May 17, we reported a downtrend for the ore prices in few of the major Chinese provinces. The data presented clearly showed that the average bauxite price (6.0=Al/Si<7.0) in Henan was down at RMB 380 per tonne (-10% from the previous week) and...
<p>Fiji’s Director Mineral Development Dr Raijeli Taga said that the bauxite export has been affected from the shores of Bua due to volatile nature of the mining business. She pointed out that the nation confirmed only one shipment of bauxite to China so far this year.</p> <p>In...
<p>Both bauxite and alumina prices in the domestic China market are on a downtrend in May. Though daily prices remain flat, the prices register a drop on a monthly analysis.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>China has stepped up its export regulations. Earlier, bauxite exporters who would resort to various ways to evade taxes are now being forced to pay value-added tax (VAT) for the bauxite consignments they are sending offshore. As a result, bauxite prices off China have increased.</p> <p>Bauxite...
<p>Jamaica’s auditor general Pamela Monroe Ellis gets confirmation from the Ministry of Finance that there is no change in the taxation regime for the bauxite sector for fiscal year 2017-2018. The confirmation came after she found a change in the Fiscal Policy Paper for 2017-18.</p> <p><img...
<p>Bauxite import in China is on a decline. The country, which leads the world's largest bauxite consuming countries, courtesy its ever-expanding domestic aluminium industry, witnessed a early-year slump in the ore import after its government came down heavily on its smelters and refineries in...
<p>Finance Minister of Jamaica Audley Shaw announced that the government has not yet decided to remove tax on bauxite mining. Recently, Jamaica has been facing problems for the non-performance of the bauxite levy arrangement, mostly because of the fluctuations in the global alumina market.</p>...
<p>Indian government has raised excise duty on bauxite to 30 per cent in yesterday’s Union Budget 2017-2018. Prior to this, there was no duty on the aluminium ore produced for sale (inland). Now, aluminium producers have to pay a duty of 30 per cent for selling the mineral ore in the domestic...
<p>As per data released by the Indian Bureau of Mines in the latest edition of India Minerals Yearbook 2015 (published in January 2017), the total value of exports (including re-exports) of ores and minerals at INR1,78,077 crore accounted for 9.4 per cent of the total value of all merchandises...
<p>Australian Bauxite Ltd (ABx) currently sells bauxite into cement and fertiliser markets at prices higher than could be achieved in the over-supplied metallurgical bauxite market.</p> <p>There have been developments in the metallurgical bauxite market in the last few days which indicate that the...
