The global Bauxite market has been witnessing frequent price movements, driven by various factors across key regions. In China, Bauxite prices in the first half of June showed a x.xx increase from the previous month, reaching USD xx/MT CFR Qingdao. This rise is fuelled by China&#xx;s heightened demand for Aluminium, which has led to an increase in Bauxite and alumina imports. The Chinese government’s efforts to stabilize the crisis-hit property sector have boosted demand for industrial metals, including Aluminium. Additionally, Aluminium smelters in Yunnan have resumed operations due to enhanced hydropower generation facilitated by ample rainfall, further driving demand.
In Guinea, Bauxite and alumina prices have risen by x.xx to USD xx/MT, FOB Kamsar in the meantime, due to strategic government collaborations. The Guinean government has signed a non-binding agreement with Emirates Global Aluminium (EGA) to construct a major alumina refinery, enhancing Guinea’s position in the global...
