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