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...
Grow with
AL Circle
The Russian aluminum shipment abroad experienced a tenfold surge in July, says the data recorded by the Federal Customs Service. Compared to the year 2020 for the same period, the July exports amounted to $7.4 billion, meaning that the July exports surpassed three million tonnes. Previously this...
On 5 th September 2021, the coup in Guinea, the mining powerhouse quake the global aluminium market. Guinea contests with Australia as China’s largest supplier of bauxite, the raw material used to make alumina and eventually the metal aluminium. According to the Ministry of Mines and Geology data,...
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium...
China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it...
On 8th September 2021, the main political and economic bloc of West Africa has suspended Guinea's membership following a weekend military coup that has overthrown President Alpha Conde and inflicted a blow to democracy in the region. The leaders from the 15-member Economic Community of West African...
On 7th September 2021, the Russian Govt. said it is strictly following the political situation in Guinea following a military coup there and hopes that the Russian business interests in the West African nation would go through hardship. The comments came a day after Russian aluminium giant Rusal...
On 5th September 2021, the world’s second-largest producer of bauxite, Guinea’s military seized power and suspended the constitution, destabilizing the West African nation. AlCircle team reached to Dr Ashok Nandi in regards to the political instability in Guinea and received a prompt reply on it....
The share prices of the world-class bauxite developer Canyon Resources have escalated after Guinea, the world-leading supplier of bauxite experienced its third coup in less than 40 years. The political unrest propelled prices for aluminium rise towering to 10-year highs on concerns that it will...
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000...
On 6th September 2021, the bauxite price from Guinea has reached the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The West African nation Guinea is the world's second-largest producer of bauxite, keeping China...
The world’s second-largest producer of bauxite, Guinea’s unit of military seized power and suspended the constitution, destabilizing the West African nation, which is the global largest exporter of aluminium ore. On 5 th September 2021, Colonel Mamady Doumbouya, the head of Guinea’s Special Forces...
The London, England headquartered data analytics and consulting company, GlobalData’s research unveils that the rise in bauxite production from mines in Australia (+4.1%) and Guinea (+3.6%) is anticipated to propel upswing in global production by 3.8% in 2021 to 372.8 million tonnes. The resilient...
Fitch Solutions has forecast in its recent industry report that new projects coming online in Guinea, Indonesia, and Australia and ramp-up in Indian and Indonesian output will drive the global bauxite production growth this year after the COVID-19 pandemic in 2020. The American credit rating agency...
On Tuesday, July 27, Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million tonnes, recording an increase of 0.9 per cent from 3.801 million tonnes in Q1 2021. In H1 2021, Rusal’s bauxite production totalled 7.637 million tonnes, up 2.3 per cent...
Lindian Resources Limited has in excess of one billion tonnes of bauxite resources in the Republic of Guinea, which the company is contemplating to turn into production. Guinea is the world’s second-largest bauxite producer after Australia and the leading supplier of bauxite ore into China. In...
The global car manufacturing companies are required to do more to address the exploitation of human resources in their aluminium supply chains and the bauxite mines, including the destruction of farmland, damage to water sources and excessive greenhouse gas emissions that affect communities in...
The UAE based sovereign wealth fund Mubadala Investment Company is aiming at a value excess of $20 billion comprising debt for Emirates Global Aluminium PJSC as it moves closer to listing the business, according to an industry expert. The industry expert also added that Mubadala Investment has...
Rio Tinto announced its bauxite production results for the second quarter of 2021. The output was down by 6% year-on-year due to ongoing system instability following severe wet weather in Eastern Australia in the first quarter. The second quarter bauxite production came in at 13.7 million tonnes....
