Massive production shutdown in China lifts bauxite prices
Published: Friday, 05 May 2017
China-origin refractory-grade bauxite prices have increased for the second time this year as the government ramped up efforts to reduce pollution. Only a tiny minority of plants is still allowed to operate following the environmental inspections, and traders are struggling to find material to fulfil contracts.
Near-complete shutdown of Chinese refractory-grade bauxite
production has lifted spot prices for the second time this
year, with many traders struggling to fulfil contracts
following further environmental crackdowns.
The ongoing anti-pollution controls in China have worsened
over the past two weeks, with Beijing shutting down most
bauxite mines in Shanxi...