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 Guinea coup leader turned interim President of the West African nation, with the authorities, after showing their intention to tidy out the financials of the former government, by establishing an Audit Committee that will be responsible for investigating the financial misconduct of the Alpha...
The West African nation that recently faced a political crisis, Guinean’s mining sector has attracted $6.2 billion of investments in the span of five years which signifies 2015-2020. Hence it kept the nation’s economy resilient amid the epidemic Ebola and Covid-19 pandemic. Out of the $25 billion...
The coup in Guinea, a country rich in bauxite, in early September sparked market fears about a shortage of raw materials. Due to the dual control of energy use and the steep rise in coal costs, coupled with power rationing measures, the domestic power supply is tightening. The most actively traded...
On Wednesday, Guinea’s military junta named Mohamed Beavogui as the new prime minister. A former civil servant and an expert in agricultural finance, as a prime minister he will preside over the promised transition of back to the democratic rule after a September coup. Apart from serving as a civil...
The month of September 2021 extracted a lot of exciting moments from the global aluminium industry. The London Metal Exchange (LME) aluminium benchmark price escalated to a new milestone of US$3,000 per tonne, the first time ever since 2008. The political turmoil in the West African nation Guinea,...
On 1st October 2021, the coup leader of Guinea Mamadi Doumbouya was sworn in as interim President of the West African nation. This will adjudicate the expectation of the regional power towards a short time transition to constitutional rule following the Sept 5th dethroning of President Alpha Conde....
This week, the bauxite industry started with the news that, a team of Andhra Pradesh Mineral Development Corporation (APMDC) officials had started their journey to London for attending the upcoming hearing of a case scheduled on September 27 concerning the international arbitration raised by...
Lindian Resources Limited concluded the fiscal year 2021 on a good note, with eight new highly prospective tenements added to its existing portfolio in the West African bauxite hotspot in Guinea. According to the report, Lindian secured the tenements through the Lushoto and Pare bauxite projects in...
On 5th September 2021, following the political unrest in West African nation Guinea, which dethroned President Alpha Conde, one working official from the Russian aluminium giant Rusal commented: “Political turmoil has not disrupted the mining sector as much as some had predicted. Everything is...
Russian aluminium giant Rusal will reportedly spell out terms for the restart of bauxite shipments in Guinea after the completion of the probe into a collision of two freight trains and the restoration of railroad tracks. The news came after a spokesperson reported this to TASS. The official said...
On 20th September 2021, Rusal operated two trains collided in Guinea's capital Conakry, resulting in killing at least one person while injuring eight others, as witnessed by local citizens. The leading producer of low carbon aluminium Rusal operates three bauxite mines and an alumina refinery in...
The political instability in the West African nation Guinea still pursued this week, though mining operations in the country continues unhampered and ports remained functional for shipment. However, the coup in Africa’s bauxite kingdom has stirred the price of aluminium to 13 years high at $3000...
Rescom’s has purchased a cape bauxite shipment from Guinea for Anrak Aluminium’s alumina refinery and is expected to reach India in October 2021, as reported by a higher official. Rescom Mineral Trading Fze, a mineral, mining, processing and trading company headquartered in Dubai, UAE and is a...
The army unit head of Guinea who lead the coup, solicited the mining companies to support the development of the nation’s economy, even though he assured the industry that production would be allowed to pursue unhampered following the political turmoil on 5th September. Colonel Mamady Doumbouya,...
The primary source of aluminium production, bauxite gained its output by 1.2% in 2020, from the previous year to 371 million tonnes, as per the latest report by GlobalData. The London headquartered data analytics and consulting company GlobalData, a gold standard data provider to the world's...
The continuous upsurge in aluminium prices and disorder in global bauxite supply has attracted investors keen towards integrated aluminium producers such as Hindalco. The diversified financial services company engaged in investment banking and capital markets, asset management and direct investing,...
The coup in Guinea the previous week stormed the international aluminium markets and propelled the prices for the metal surging to a 13-year high on the London Stock Exchange. The dethroning of President Alpha Condé can lead to a major fuss for Russian aluminium giant Rusal, the global leader of...
The coup in Guinea that by overthrowing President Alpha Conde in the previous week, the recent military takeovers in Chad and Mali, as well as an attempted coup in Niger, is adding fuel to complicate China's inroads into the semi-arid Sahel region and parts of West and Central Africa. The larger...
