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...
Recently, domestic alumina spot and futures prices have weakened in tandem, and market sentiment has become more cautious. According to Mysteel research, China's operating alumina capacity has reached 99 million tonnes per year, the highest level so far this year. New commissioning and technical...
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The ASX-listed Australian company with a portfolio of high-grade bauxite in Africa, Lindian Resources Ltd has entered into binding agreements with Enterprise Generale d’Entretien & Construction and Lancinet Dabo, granting them a 10-year lease and operational rights for the Woula Bauxite Project in...
On November 08, 2024, Shanghai Metals Market saw the price of alumina rise to RMB 5,391 per tonne on average. However, the real eyecatcher was the price climb in the provinces of Lianyungang and Bayuquan. The price of alumina has been on a rapid surge spree since the beginning of September. Despite...
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...
The bauxite mining subsidiary of one of the leading aluminium producers recently announced the suspension of its bauxite export operations from Port Kamsar (GNKMR). However, there has been no official justification for the move. How can it impact the Guinean workforce? Despite possessing the...
West Africa, led by Guinea, is rapidly becoming a key supplier of bulk cargo for the Capesize shipping trades, bolstered by China's expanding electric vehicle (EV) industry. With Capesize and larger shipments from the region rising at an annual rate of 19.6 per cent since 2018, analysts at broker...
China’s bauxite imports in September 2024 fell 25.68 per cent month-on-month owing to supply disruptions from Guinea, first due to unfavourable weather conditions but now due to exports being blocked by Guinea’s customs authorities. According to China’s General Administration of Customs, China’s...
The Shanghai Metals Market (SMM) price indicator for alumina on Thursday, October 17, shows a gain of RMB 57 per tonne, totalling RMB 4556 per tonne. In Shandong and Henan regions, the price reached average RMB 4550 per tonne (ranging between RMB 4450-4650 per tonne in Shandong and RMB 4500-4600...
Alumina futures on the Shanghai Futures Exchange soared to a new record, driven by bauxite supply disruptions from Guinea and sustained demand from China. On Friday, alumina prices surged by as much as 6.4 per cent, reaching RMB 4,630 ($655) per tonne on the Shanghai Futures Exchange, marking the...
Arrow Minerals Limited is poised to launch its maiden bauxite exploration program at the Niagara Bauxite Project in Guinea. The program will include drilling, bulk sampling, and metallurgical testing to estimate Indicated and Inferred Mineral Resources. This will set the stage for a Scoping Study...
China's bauxite imports have set a new monthly high for August 2024, exceeding the previous month's record by marking M-o-M increase of 3.64 per cent and year-on-year surge of 34.23 per cent. China incessantly ramped up its bauxite import by volume, taking advantage of lower imported prices...
According to the General Administration of Customs, China's bauxite imports reached a historically high level for July 2024, with a month-on-month increase of 12.49 per cent and a year-on-year hike of 16.50 per cent. The import volume stood at 15.0007 million tonnes in July, compared to 13.3348...
Guinea's bauxite exports have shown remarkable growth, marking a significant achievement in the global market. However, the country's bauxite exports are growing rapidly and being transported by Capesize bulkers. In 2023, Guinea exported a record 127 million tonnes of bauxite, an impressive...
Arrow Minerals Limited is pleased to announce a significant step forward in its expansion strategy with the entry into a Share Purchase Option Agreement (the Agreement) to acquire the Niagara Bauxite Project situated in Guinea. Guinea is currently the world's largest exporter of high-grade,...
Guinea's military leadership has introduced a draft constitution to reduce presidential terms and limit the number of terms a president can serve the West African nation with the world's largest bauxite reserves on record. The proposed changes, announced by Jean-Paul Kotembedouno, spokesperson for...
China’s bauxite imports in May 2024, following a peak in April, reversed and stood below 14 million tonnes. According to China customs data, the country imported 13.549 million tonnes, registering a month-on-month decline of 4.84 per cent from 14.2376 million tonnes and year-on-year fall of 4.63...
Alumina production in Africa & Asia (ex-China) showcased an encouraging month-on-month rebound during May 2024, following a plunge in the previous month. The output surpassed the 1 million tonnes level but did not match the production volume in January, February, and March. According to the...
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. Capesize rates have surged above $30,000 per day, driven notably by unprecedented bauxite shipments from West Africa to China. The sector has seen substantial growth in...
Singapore-based Winning International Group, a renowned Chinese Capesize specialist, is set to enhance its seaborne trade from West Africa to China with a significant new order. The company has commissioned six very large ore carriers (VLOCs) at an estimated total cost of nearly $700 million, a...
