Unused bauxite licences spur Chinese non-met. price drop

By Jessica Roberts
Published: Wednesday, 30 November 2011

Government reduces 2012 export quota as prices and licence uptakes fall

Prices for 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 the Chinese...

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