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...
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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Since mid-to-late October 2024, imported bauxite prices have accelerated their rise, with bulk transaction prices surging from US$75-77 per tonne to a peak of US$128-130 per tonne. However, recently, spot alumina prices have accelerated their decline. As of this Thursday, aluminium smelters in...
In 2024, aluminium and aluminium product imports inflated by 21.7 per cent Y-o-Y to US$446.006 million (with US$36.943 million in December). Aluminium exports rose by 27.4 per cent to US$124.408 million, with US$8.426 million in December, published in the customs data released by the States Customs...
The West African nation Guinea, one of the leading bauxite producers and the world's top bauxite exporter, intends to channel a portion of the revenue generated from mining the world’s largest iron ore reserve into a sovereign wealth fund. According to Planning and International Cooperation...
In conversation with Stockhead, a business news publication dedicated to connecting investors with emerging ASX-listed companies, Lowell Resources Fund's chief investment officer, John Forwood, highlights that the booming bauxite prices are bringing attention back to ASX stocks and how. To his...
As part of a significant enforcement action, the Malaysian Anti-Corruption Commission (MACC) has arrested a state government official suspected of shielding illegal bauxite mining operations in Kuantan since 2022. The arrest occurred during a raid in the Bukit Goh area of Kuantan, where two company...
On November 12, 2024, the Forces Vives coalition of Guinean opposition groups, civil society organisations, and activists called for establishing civilian rule by January 1, 2025. The junta, which came to power through a coup in 2021, had initially proposed a two-year transition to elections,...
The average alumina spot price in China has added RMB 44 per tonne overnight to reach a new high of RMB 5,253 per tonne on Wednesday, November 6. The continued supply disruption on the suspension of GAC’s bauxite exports from Guinea, while the latter remains the primary source of imported bauxite,...
Ministry of Mines, Government of India, has reportedly proposed to lower the benchmark price of bauxite used to calculate the estimated value of resources and premium payable in auctions. The Ministry has put forward this proposal after getting multiple complaints from mining companies that claim...
Mining and aluminium giant Rio Tinto is now focused on getting its Simandou iron ore project in Guinea up and running. Newspapers report that shipments will begin in 2025. Simandou is a huge project that has taken Rio Tinto years to realize. The initial production rate is said to be 120 million...
Metro Mining Limited has reported a standout third-quarter operational update for 2024, marking a record-breaking period for the company's bauxite production. The company achieved quarterly shipments of 2.13 million wet metric tonnes (WMT), a substantial 50 per cent increase over Q2 2024 and a 32...
China's non-ferrous metal market has seen a historical price movement of the average alumina spot price as it has leapt by RMB 44 per tonne overnight to exceed RMB 4,200 per tonne. According to the Shanghai Metals Market, China's domestic alumina price clocked at RMB 4,214 per tonne on Thursday,...
According to the Shanghai Metal Market survey (SMM), as of 30th August, China’s A00 aluminium ingot price has surged by RMB 80 per tonne after a huge downfall the previous day by RMB 250 per tonne. Today, the average aluminium price closed at RMB 19,630 per tonne. The week ends on a more or less...
The eastern Indian state of Jharkhand has taken a significant step toward imposing new taxes on mineral production, a move poised to increase the prices of key resources such as coal to bauxite. According to sources familiar with the matter, the state assembly has passed the Jharkhand Mineral...
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) said it would possibly ease some restrictions on bauxite ore exports, according to statements from ministry spokesperson Agus Cahyono Adi. This proposition followed discussions between ESDM Minister Arifin Tasrif and members of Commission...
On Thursday, July 11, China’s domestic A00 aluminium ingot price has continued to decline by RMB 70 per tonne to settle at RMB 20,140 per tonne, found the Shanghai Metals Market. For the past one week, China’s domestic aluminium price has shown a bullish trend, marking a significant downfall of RMB...
On July 4, China’s A00 aluminium ingot price gained RMB 90 per tonne, settling at RMB 20,380 per tonne. The spot contract price may be traded at a discount price of RMB 70 to RMB 30 per tonne, and the average prices may orbit between RMB 20,360 per tonne and RMB 20,400 per tonne. According to the...
According to the Shanghai Metals Market, A00 aluminium ingot price has dropped slightly by RMB 20 per tonne after a rise of RMB 120 per tonne on the previous day. Therefore, the ingot price has closed the week at RMB 21,170 per tonne on June 7, registering a week-on-week fall of RMB 70 per tonne...
According to China Customs data, the country’s alumina exports in March 2024 amounted to 144,100 tonnes, bringing the total exports in the first three months of the year to 421,600 tonnes. China’s alumina imports were 303,800 tonnes in March 2024, which reflected an increase of 3.97 per cent...
