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 Malaysian bauxite export ban has been extended by an additional three months to July 15, 2016. The extension was announced Friday, last week, by Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar at a press conference. In announcing the ban, Dr Wan Junaidi made...
Bauxite exporters in India are clamouring for removal of export duty on the ore similar to a cut in duty for iron ore in the budget. Higher duties have led to a sharp fall in India's share in the export market in recent years with Australia and Malaysia increasing their share. "We are losing out to...
Bulk commodity producers have continued to struggle during the early stages of 2016, even with efforts made to cut costs, noted a recently published report on global Metallurgical Bauxite & Alumina market. With low bauxite and alumina prices expected to persist and demand from China remaining low,...
The tightening of global supply of bauxite and a rise in demand from Chinese alumina refineries are helping drive the price of bauxite back up. In May 2014, it was at a high of $US78.30 ($104) per tonne before heading for a steady decline; and now direct-shipped, high quality baxuite is worth...
China imported 5.3 million tonnes of bauxite in January 2016, up 104.91 per cent from a year ago, but down 25.4 per cent from prior month, revealed data released by the China Customs. Clearly, the country’s appetite for bauxite, the principal ore of aluminium, is still not that big. Following...
A general strike in Guinea that began on Monday, February 15, will not curb production of bauxite, the country's top producer Guinea Bauxite Company (CBG) said on Tuesday. The miners, however, have announced their support for a nationwide protest against lowering of wages and high fuel prices....
The Indian government-owned mineral exploration and development company has reported weaker year-on-year results for the final three months of last year as the Gujarat-based miner succumbed to slowing demand and weakening commodity prices. Gujarat Mineral Development Corporation Ltd. (GMDC) has...
Rampant, unregulated bauxite mining in Malaysia’s Kuantan and its impact on the region’s environment and economy have revealed loopholes more than one in the country’s industrial regulatory system. Why only Malaysia’s? - The setback has unearthed many gaps existing within the mining industry’s...
The long term damage caused by unregulated bauxite mining activities can negatively impact Malaysia's tourism sector, observed Prof Dr Ahmad Puad Mat Som dean of Faculty of Applied Social Sciences, University Sultan Zainal Abidin (UNISZA). "Bauxite mining has caused damages to the environment and...
Fallout from Malaysian ban continues as authorities step up export licence checks. CBIX edged lower again last week, down 1.8% (US$0.9) to finish at US$46.6/dmt. The fall was more reflective of the subdued alumina market, particularly in China, than the longer term implications of the Malaysian...
Roskill's new release- a Non-Metallurgical Bauxite & Alumina report with forecasts to 2021, shows the ceramic proppants sector is poised to become the largest market for non-metallurgical bauxite by 2021, overtaking the refractories industry. Consumption of bauxite, the principal ore of aluminium,...
XINFA Aurum Exploration (Fiji) Ltd confirmed yesterday a decline in their bauxite export caused due to global recession that hit the economies last year. Ever since then, the demand for bauxite has dropped sharply affecting shipments departing from the shores of Bua. XINFA Aurum Exploration...
Malaysian ban on bauxite mining may be extended. CBIX was down 1.1% (US$0.5) over the week, finishing at US$47.1/dmt, as lower prices from non-Malaysian suppliers continued their trend lower. Sentiment from Malaysia suggests authorities are likely to take a hard line approach to ensuring bauxite...
Most news concerning global metal demand and pricing has been gloomy in 2015 and so far in 2016, but a report from a London-based research firm is pointing to a supply factor that could put upward pressure on aluminum pricing. In its new “Metallurgical Bauxite & Alumina” report with forecasts to...
The CBIX index remained flat leading into the Malaysian mining ban, which takes effect this week. CBIX was down 1.8% (US$0.9/dmt) to US$47.6/dmt as non-Malaysian cargos continued to display variable (and mostly lower) ViU pricing. Both panamax and capesize freight rates fell further, on the back of...
Mining development companies which are aspiring to make it big in the Australian bauxite market are struggling for traction despite Chinese imports of the aluminium ingredient rising 45 per cent in 2015. While industry giants like Alcoa and Rio Tinto are increasing their exposure to bauxite, the...
The bauxite stockpile at Kuantan port will take more than a month to clear, according to shipping industry sources in Pahang, Malaysia. They hope the moratorium brings positive results so there will not be further disruption to their business. A manager in a shipping company that exports the ore to...
The decision of the Malaysian government to impose a moratorium on bauxite mining here could trigger a rise in market price of the mineral after experiencing falling prices in the past five months. Pahang Iron Ore Operators Association chairman Datuk Seri Tengku Zulkifli Tengku Ahmad said the huge...
