Price discrepancy between buyers and sellers of bauxite intensifies, and short-term bauxite prices may face downward pressure
According to SMM's daily cost-profit model, as of this Thursday, the theoretical loss in the alumina industry was RMB 88 per tonne. In the short term |
China tightens rules on alumina expansion to tackle overcapacity
China tightened rules on building new alumina plants, in a bid to tackle overcapacity that has caused a plunge in prices in the world’s top metals market. |
Guinea strengthens industrial base: Alumina refinery construction in Boffa to begin
Iron-ore swung between gains and losses on market uncertainty around steel output cuts and as industry stalwart Andrew Forrest expressed hope that China is serious about supporting its economy. |
Arrow Minerals strikes big with 185Mt maiden resource for its Niagara bauxite project in Guinea
Arrow Minerals has announced a significant maiden mineral resource estimate for its Niagara bauxite project in Guinea |
Glencore-backed alumina producer declines in Hong Kong debut
Nanshan Aluminum International Holdings, a company backed by Glencore, declined in its Hong Kong trading debut, with sentiment for the top alumina producer in Southeast Asia impacted by falling prices for the metal. |
In January-February 2025, China's cumulative bauxite imports surged 25.5% YoY, and the import volume may continue to show an upward trend in the short term
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China's bauxite imports reached 16.21 million metric tonnes |
Supply and demand fundamentals turn looser, leading to inventory buildup of bauxite at ports
According to data from March 14, the weekly domestic port arrivals of bauxite reached 4.145 million metric tons, reflecting a week-over-week increase of 256,000 tonnes. |
Rio Tinto inks deal to repower Gladstone operations
Rio Tinto has partnered with Edify Energy to secure reliable and cost-effective renewable energy for its Gladstone aluminium operations in Queensland. |
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