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Bauxite Price

Africa urged to process bauxite and other critical minerals locally to drive industrial growth
Bauxite
African nations have been urged to accelerate domestic processing of bauxite and "other" critical minerals instead of continuing to export raw materials, as leaders push to transform the continent into a global hub for value-added mineral production. Speaking at the African Development Bank (AfDB) Ministerial Forum in Abidjan, Nigeria's Minister of Solid Minerals and Chair of the Africa Mineral Strategy Group, Dele Alake, said Africa must break its long-standing dependence on exporting raw mi ...
Chinese funding pathway and 3 million-tonne offtake boost VBX's Wuudagu bauxite project
Bauxite
VBX has moved a step closer to developing its flagship Wuudagu Bauxite Project after signing a framework agreement with a major Chinese aluminium group that could deliver both project funding and a long-term bauxite offtake arrangement. The non-exclusive agreement, signed with the Hong Kong subsidiary of the Chinese aluminium producer, establishes a pathway for the parties to negotiate investment in the development and operation of the Western Australian project. Under the proposed arrangeme ...

Bauxite
Brazilian Rare Earths (BRE) has moved a step closer to developing its Amargosa Bauxite-Gallium Project in Brazil after its newly created subsidiary, Alurion Resources Limited, raised approximately A$50 million (USD 24.5 million) through an initial public offering (IPO) in Australia. The company issued 47,619,048 fully paid ordinary shares at an offer price of A$1.05 (USD 0.74) per share, with the proceeds earmarked to accelerate development of the USD 119 million project. The funding will su ...
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