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>CBIX gained US$0.6/dmt (1%) to US$50.8/dmt with higher ViU-priced cargos from Australia more prominent. As we foreshadowed, Malaysia again extended its mining ban, for another three months (to end-March 2017), with reports of nearly three million tonnes of stocks still needing to be cleared...
<p>Datuk Seri Dr Wan Junaidi Tuanku Jaafar, the natural resources and environment minister has announced on Thursday December 22 that bauxite mining ban is extended by another three months effective from 31 December at a press conference.</p> <p><img style="vertical-align:...
<p>The year 2016 has been a year of transition for the global bauxite industry. While the sector fared slightly better than the alumina and aluminium industries- both of which faced severe pricing woes since 2016 beginning, numerous changes in the rankings, rather fluctuations, were noted as far as...
<p>India has a total bauxite resource of 3,480 million tons( according to UNFC system) which includes 593 million tonnes reserves and 2,887 million tonnes remaining resources. By grades, about 84% resources are of metallurgical grade. Odisha alone accounts for 52% of country's resources of...
<p>CBIX largely flat (up 0.5% to US$45.7/dmt) with some higher Value-in-Use (ViU) priced cargos from Ghana and Australia offset by lower ViU-priced material from South America.<br /><br />Malaysia’s Minister for Natural Resources and Environment, Datuk Seri Dr Wan Junaidi Tuanku Jaafar was...
<p>Alcoa is betting big on bauxite as the key growth factor that would drive the company after the split, observed an analyst at Market Realist. Until now, Alcoa would consume a major percentage of bauxite that it produces for its captive alumina operations. In the financial year 2015-2016, the...
<p>CBIX was down 1.2% (US$0.6/dmt), closing at US$46.0/dmt last week, with cargos originating in the Atlantic basin logged at lower prices than the previous week. With the situation in Malaysia now set to stagnate, prices remain unmoved, quoted at US$26/dmt unwashed and US$38/dmt FOB washed. Rising...
<p>Domestic bauxite prices in China rose recently and are unlikely to fall back for the foreseeable, SMM predicts.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Bauxite.jpg" alt="News" /><br />Tight...
<p>CBIX fell 4.3% (US$2.1/dmt) over the week to close at US$46.5/dmt. Lower ViU-priced cargos from Brazil and Guinea failed to offset lower priced Malaysian material.<br /><br />In the wake of the extended Malaysian mining ban, sources close to Chinese refineries importing bauxite say they are...
<p>Bauxite prices CFR China held steady over the week, with the CBIX index marginally higher (0.5% or US$0.25/dmt), closing at US$48.6/dmt on the back of higher priced bauxite from Guinea and Brazil, offset by lower priced Malaysian material.<br /><br />As reported in our release last week,...
<p>The Fijian government confirmed its first shipment of bauxite in 2016 on Wednesday.</p> <p>Fiji’s Acting director of the Mineral Resources Department Apete Soro told local media that the first shipment of the year left the Fijian port of Bua last month, bound for refineries in the...
<p>Bauxite prices CIF China climbed over the week, with CBIX up 2.1% (US$1.0/dmt), closing at US$48.3/dmt, on the back of higher priced bauxite from Australia. The absence of lower ViU-priced cargos from Malaysia continues to have a positive impact on the CBIX price, although we expect CBIX prices...
<p>CBIX rose 2.3 per cent (US$1/dmt), closing at US$47.2/dmt for the week on the back of higher priced cargos from Brazil and Australia (ViU-adjusted). Also of note last week was another cargo arriving in China from Montenegro, illustrating the continuing push from Chinese refiners to diversify...
<p>CBIX declined 1.5 per cent over the week (US$0.7/dmt), closing at US$46.1/dmt, with lower ViU-priced Malaysian bauxite re-appearing to pull the index lower. This is despite the Malaysian bauxite mining ban being extended until at least mid-September. The recent Malaysian cargos come as a result...
<p>CBIX retreated 2.7 per cent (US$1.3/dmt) over the week, closing at US$46.9/dmt. The fall signalled the return of some Malaysian bauxite to the Chinese market, which is typically priced lower (on a value-adjusted basis) than cargos from other countries. Malaysia’s return weighed heavily on...
<p>CBIX dropped 2.8 per cent (US$1.4/dmt), closing at US$48.1/dmt for the week due to two lower ViU cargos from Malaysia re-entering the Chinese market. This is despite a further extension of the Malaysian mining ban, by two months, to September 15th.<br /><br />Malaysian FOB prices remain...
<p>CBIX steady Value-In-Use adjusted bauxite prices CIF China rose marginally over the week, up by 0.3 per cent (US$0.2/dmt), closing at US$49.5/dmt. Prices for bauxite originating from Australia’s Gove mine pulled back slightly, offset by higher priced material from Weipa and Brazil....
<p><span>Norsk Hydro Q2 2016 results reported an increase in underlying EBIT on higher prices and sales volumes.</span><br class="jx_ui_Widget" /><br class="jx_ui_Widget" /><span>However, underlying EBIT for Bauxite & Alumina segment decreased in comparison to Q1. There were a number of...
