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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According to the Shanghai Metals Market survey, the average aluminium spot price in China has further decreased over the weekend by RMB 6 per tonne to start the week at RMB 3,342 per tonne, as of Monday, March 4. In Shandong and Shanxi, the alumina spot price has declined by RMB 10 per tonne to...
The recent accident in Guinea with the fuel depot happened back in the middle of December, but the impact on bauxite deliveries to China has not yet come through. China recorded an increase in bauxite imports in January. The month saw about 12 million tonnes brought in, mainly from Guinea and...
According to the Shanghai Metals Market (SMM) survey, A00 aluminium ingot price has recorded a decline of RMB 70 per tonne on Thursday, January 25, to reach RMB 18,910 per tonne. The average prices are estimated to range between RMB 18,890 per tonne and RMB 18,930 per tonne, with spot contract to...
China’s averaged alumina spot price has jumped up by RMB 1 per tonne to close at RMB 2,998 per tonne, while the alumina price in Shanxi has levitated by RMB 5 per tonne to officially stop at RMB 3,010 per tonne. On November 20, the alumina spot price was exactly the same. The bauxite...
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the...
The Shanghai Metals Market, on October 16, witnessed minor hikes in aluminium prices, with the SMM A00 aluminium ingot price showing no change, remaining stoic at RMB 19,050 per tonne. The average prices have ranged between RMB 19,030 per tonne and RMB 19,070 per tonne. If we consider the price on...
The average alumina spot price in China has soared by RMB 4 per tonne, halting at RMB 2,965 per tonne, while the price of alumina in Shandong, Henan, Shanxi and Guizhou have all escalated by RMB 5 per tonne. The price of alumina in Shandong stopped at RMB 2,925 per tonne; in Henan, it anchored at...
China’s primary aluminium input prices have resumed the market from a week-long Mid-Autumn Festival and National Day Holiday on a high note. After remaining restrained for almost two months, China’s domestic bauxite prices have recorded a rise, particularly bauxite (4.5≤Al/Si＜5.5) Shanxi and...
The Shanghai Metal Market, today, on August 10, has noted an RMB 5 per tonne spike in China’s average alumina spot price, with it officially halting at RMB 2,901 per tonne, while in Shandong and Shanxi, the alumina spot prices have seen an increase of RMB 5 per tonne, closing at RMB 2,860 per tonne...
The Southeast Asian nation, Malaysia, formerly ranked among the top ten global suppliers of bauxite to China, is poised to gain from Indonesia's most recent export embargo. Data from Indonesia's customs show that in 2021, China bought 17.8 million tonnes of bauxite from Indonesia, making up nearly...
A00 aluminium ingot price has plummeted by RMB 440 per tonne to close at RMB 17,860 per tonne, as the Shanghai Metals Market recorded on Monday, October 31. The average prices are expected to range between RMB 18,840 per tonne and RMB 17,880 per tonne, with spot contracts trading at the discount...
A00 aluminium ingot price has decreased by RMB 60 per tonne to close at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on Thursday, October 27. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at the discount...
General Administration of Customs showed China’s bauxite imports continued to total above 10 million tonnes in August 2022. As per the data revealed, the country imported 10.75 million tonnes of the ore, which reflected an increase of 1.48 per cent month-on-month and 23.53 per cent over the year....
The country in the South Pacific, Fiji, has reported that its bauxite exports to China have been halted for about three years. Jone Usamate, Fiji's Minister for Lands and Mineral Resources, stated, "There have not been any shipments to China since 2019, and there are no shipments scheduled any time...
A00 aluminium ingot price has seen an RMB 50 per tonne rise to close at RMB 18,870 per tonne, as recorded by the Shanghai Metals Market on Thursday, August 25. The average prices are expected to range between RMB 18,850 per tonne and RMB 18,890 per tonne, with spot contracts trading at a discount...
Odisha Mining Corporation (OMC), a gold category Public Sector Undertaking established in India, has reported incurring a loss of INR 61 crore ($7.77 million) due to inaccurate costing of bauxite from the Odisha’s Kodingamali block in Koraput and Rayagada districts. The profit-making OMC’s issue...
The government of India is planning to change the pricing structure to determine the Average Selling Price (ASP) of metallurgical-grade bauxite, in a bid to attract private players. In the present scenario, states are unable to auction the existing bauxite mines as companies find the selling price...
According to the data revealed by the General Administration of Customs on Wednesday, June 22, China’s bauxite imports recorded a historical high, totalling 11.97 million tonnes in May 2022. That was an increase of 7.6 per cent month-on-month and a hike of 31.4 per cent over a year. Australia stood...
