- Mineral resources key to survival
- Aim to increase market share
Mark Watts
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“We don’t see China coming back to being a large supplier of energy-intensive raw materials.” Flavio Barbosa, CFO, Magnesita. |
China’s strategy to increase control over minerals production and exports has led to increasing prices for key refractory minerals such as graphite, bauxite and magnesia.
“It is becoming harder and harder to source products like this from China and to get reasonable quality prices are all over the place,” Magnesita’s chief financial officer Flavio Barbosa told IM.
“There is a scarcity in the case of graphite it is clearly not a reliable supply chain. Any company that is in this industry that is serious about being in business has to find a solution to their raw materials outside of China,” he added.
The group’s strategy...