Unused bauxite licences spur Chinese non-met. price drop
Published: Wednesday, 30 November 2011
Government reduces 2012 export quota as prices and licence uptakes fall
Chinese refractory bauxite have started to decline as a result
of excess licences for 2011 exports, with licence holders
reportedly accepting orders at a loss to ensure material is
bought by the 30 December expiry date.
The overhang in licences became apparent in September, and