Metro confident on bullish bauxite trade

By Davide Ghilotti
Published: Tuesday, 31 January 2017

China’s growing demand for Australian-sourced material supports Metro’s bullish view of the bauxite market, as the company secured an offtake deal with a major importer and will start construction of a new mine later this year.

ASX-listed Metro Mining Ltd believes the near-term outlook for the bauxite market is bullish on the back of growing demand from China, which would support prices for Australian-sourced material.

Market "fundamentals and price outlook remain strong, driven by growing Chinese seaborne demand", the company stated in its latest quarterly report...

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