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 global aluminium industry experienced several electrifying events in June 2022. Century Aluminium’s Hawesville smelter, the largest aluminium producer in North America producing military-grade aluminium, employing over 600 staff has decided to idle its smelter due to soaring energy prices. The...
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...
Bauxite with an Al/Si ratio of 5 and alumina content of 58 per cent was sold between RMB 425 per tonne to RMB 450 per tonne (including VAT, except resource tax, delivery to factory) in north Shanxi as of June 17. On the same day in Xiaoyi, Shanxi, it was traded between RMB 435 per tonne to RMB 475...
On 13 th June 2022, Guinea’s second sizeable bauxite mining company, Compagnie des Bauxites de Guinée (CBG) stated that alumina refineries will be built in Guinea in the coming years; however, these projects demand substantial investments and are complex by nature. The above statement of CBG has...
On 10 th June 2022, the Guinea govt. has stated that it has given the bauxite mining companies doing business in the nation another ten days timeline to present the proposals for building alumina refineries , which they were supposed to attain by the end of May 2022. Guinea, one of the world’s...
As per our report from Guinea, the leader of the union, Yamoussa Bangoura on 6th June 2022, announced the strike at Rusal's subsidiary in Guinea, Compagnie des Bauxites de Dian-Dian (COBAD) has ended indeed. After a week of protest action, the mine employees returned to work on 2nd June. COBAD...
The world’s largest bauxite exporter and with huge reserves of other minerals, Guinea has made public the infrastructure development of a $300 million phased Liquefied Natural Gas (LNG) provision and distribution network which incorporates a full-service LNG receiving terminal, a liquefaction plant...
RUSAL, the Russian aluminium giant, under the "2022 RUSAL Scholarship" initiative, wishes to educationally aid highly qualified Guinean practitioners, cardiologists, surgeons, nursing specialists and laboratory assistants. The programme will guide 50 Guineans through higher medical education for...
A00 aluminium ingot price in China has decreased for the fourth day in a row by RMB 140 per tonne to stand at RMB 19,640 per tonne as of Tuesday, May 10, according to the Shanghai Metals Market data. The average prices are estimated to range between RMB 19,620 per tonne and RMB 19,660 per tonne,...
The principal raw material used in the production of aluminium is bauxite and it is used for both metal supply and non-metallurgical needs. As residually enriched rocks, bauxites are composed primarily of Al-hydroxides (gibbsite, boehmite, and diaspore), kaolinite, Fe-oxy-hydroxides, and Ti-oxides,...
China’s bauxite import for March 2022 witnessed M-o-M hike of 13.58 percent and 15.79 percent Y-o-Y, says the customs data. In total, China imported 11.7 million tonnes of bauxite in March. For the same month, Australia imported a total of 2.95 million tonnes, rising by 15.62 percent M-o-M but down...
The after effects of Russia-Ukraine crisis can still be felt in the global alumina industry. To begin with, as per customs figures released on Wednesday, April 20, China's alumina export to Russia had increased by more than 90 times in March compared to the same month a year ago, as Western-led...
Bauxite exports to China reached new highs in the first quarter of 2022, expanding at a rate of 12.8 per cent annual pace between 2017 and 2021, much surpassing all other commodities, which rose at a combined rate of only 4.3 per cent each year. Bauxite arrivals climbed 13.6 per cent in the fourth...
The West African nation, Guinea which is recognised as the world's biggest exporter of bauxite is currently ruled by the Guinean military junta’s resolution to amplify the revenue generation from its bauxite and iron ore resources is anticipated to hurt the Chinese endeavour to make an invasion...
Investigations led by foreign media concluded, Guinea’s interim government is eager to know about the work plan and duration of each project carried out on their ground to extract alumina from bauxite. The government is reportedly asking international mining companies to submit production plans for...
The mining and exploration company established in Guinea, Dynamic Mining has secured the renewal of a status permitting it complete rights to set up the infrastructures of its future bauxite mine at Bon Ami. Now, without this license, the bauxite mining project’s development might have been...
Following the military coup in the West African nation, Guinea, which is now ruled by the interim government and recognized as the world’s highest exporter of bauxite, has demanded from international mining organizations for submission of plans for bauxite production to generate alumina within the...
Russian aluminium giant Rusal has transported its first bauxite shipment from its Guinean mines in over a month, according to an analysis revealed by Refinitiv shipping data on 6th April. A vessel had left Guinea's Kamsar port on 5th April after being loaded by a trans-shipping vessel that claimed...
