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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There is a distinct shift noticed in the Chinese market from heavy metals to minerals that were once overlooked. The bearish outlook in core industries like iron ore and coal is largely responsible for the shift in focus. The minerals that have gained importance are bauxite – for making aluminium,...
China’s bauxite imports were 2,569,176 mt in November, down 51.59% YoY, but little changed from October. YTD imports through November totaled 33,033,154 mt, also down 49.25% YoY, customs data showed. Inbound shipments from Australia dropped 16% MoM, while those from India and Malaysia increased 29%...
Rio Tinto's once-pilloried aluminium division could soon rank as the company's second-biggest earner behind iron ore, in what chief executive Sam Walsh has described as "a remarkable turnaround". The revival of a business that was a loss-making basket case barely two years ago was showcased in...
The China Customs data revealed that Chinese bauxite imports from Malaysia have gone up to 1.27 million tonnes during the first three quarters of the year. The reason for the sudden rise in Malaysian imports can be traced back to the Indonesian export ban, which is affecting the global bauxite...
After the government ban on mineral ore export, there has been a drastic fall in national output for a number of commodities this year. There is a lot of expectation from the new government due to come in soon headed by president-elect Joko “Jokowi” Widodo, to lay out clear policies to regulate the...
Queensland Bauxite is all set to present its Scoping Study by the end of September or in October on its South Johnstone Bauxite project. After Indonesia announced a ban on the export of its unprocessed mineral ores, the bauxite market has become open to new companies who can get launch their...
The government today gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states. "Cabinet in-principle approved revision of mineral royalty. There are 55 such items but this excludes coal, lignite...
Minerals output rose in the first half of 2014 but revenues declined due to lower prices, Chamber of Mines data have shown. Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013. Bauxite revenue...
Growing up in Askeaton, in the shadow of Aughinish Alumina, it is not altogether surprising that local artist Michele Horrigan would find inspiration in the giant alumina processing facility. Its presence has spurred Michele to create her latest solo exhibition, now on display in the Occupy Space...
Hindalco Industries rose 2.42% to Rs 186.05 at 12:29 IST on BSE, with the stock extending gains triggered by a foreign brokerage upgrading the stock to buy from underperform. Meanwhile, the S&P BSE Sensex was almost unchanged at 25,550.95. On BSE, so far 6.93 lakh shares were traded in the counter...
India’s move to double the export tax on aluminum-rich bauxite to 20% is likely to heat up prices for Chinese buyers, who have been scouring for the mineral ever since Indonesia imposed a ban on shipments earlier this year. India’s rich mining resources have been drawing interest from overseas with...
The doubling of export duty on bauxite, a key input for aluminium making, to 20 per cent will help improve availability of the raw material to the domestic producers. "Export of any raw material from the country should be discouraged and thus, the doubling of export duty on bauxite is a welcome...
Bauxite Resources shares are now trading at $0.14, bringing gains for the past 6 weeks to 40%, following a resource upgrade at its Fortuna deposit in the Darling Range, Western Australia. The value of bauxite has increased substantially in recent times, spurred by the Indonesian export ban that has...
China’s bauxite imports plunged to 2.12 million tonnes in May due largely to Indonesia’s export ban, Shanghai Metals Market understood. Imports of Indonesian bauxite tumbled 98.81% on a yearly basis to 45,000 tonnes in May, the major reason behind the 65.46% year-on-year slump in China’s total...
Despite rising 367% over the past month, junior explorer Queensland Bauxite Ltd is set to soar again today. In pre-trade moves, the shares are expected to open up another 45% at 6.1 cents. The reason for the price move is that recent exploration results have confirmed that the company has a...
iAbrasive announced on Tuesday that in early April, most of brown-fused alumina and sub-white-fused alumina markets keep stable. The mainstream taxes of brown-fused alumina dumping furnace interval sand, stationary furnace interval sand and sub-white- fused alumina dumping furnace interval sand are...
China registered a sharp drop in imports of bauxite in February due mainly to few arrivals from Indonesia, Shanghai Metals Market learnt. Inbound shipments tumbled to 3.23 million tonnes in February, down 23.86% year-on-year. Total imports were 11.23 million tonnes during the first two months of...
iAbrasive, an international marketplace for the online purchase and sales of abrasives products only, gives a report showing that refractory market has seen a slight decline in 2013. According to the analyses, the price of refractory materials shows a downward trend in 2013 due to the changes in...
