Over 250 Million mt of Bauxite Reserves Found in North Zunyi

According to General Administration of Customs China imported 8.73 million mt of bauxite in December, up 13.32% month-on-month and 16.4% year-on-year.

The President of Indonesia reiterated his plan to halt the exports of all commodity raw materials today, which will suspend the exports of bauxite in 2022, copper in 2023, and tin in 2024.

As of this Friday, the SMM weighted average alumina price index stood at 3884 yuan/mt, an increase of 64 yuan/mt from before the holiday; Shanxi reported 3850-3950 yuan/mt, an increase of 100 yuan/mt from pre-holiday; Shandong reported 3850-3900 yuan/mt, an increase of 75 yuan/mt compared to before the holiday; Henan reported 3850-3950 yuan/mt, an increase of 50 yuan/mt compared with pre-holiday; Guangxi reported 3700-3700 yuan/mt, Guizhou reported 3800-3900 yuan/mt, both flat from before the holiday; Bayuquan reported 3900-4050 yuan/mt, an increase of 75 yuan/mt from before the holiday.

China imported 6.1 million mt of bauxite in February, up 43.7% year on year, latest customs data showed

China’s bauxite imports in February grew 43.7% year on year to stand at 6.1 million mt, according to Chinese customs.

In 2017, Argentina’s imported alumina is estimated to surge to 120,478 tons. China is the largest bauxite source country of Argentina.

Hubei Province released the Plan for Mineral Resources in Hubei Province 2016-2020 recently.

Recently, Henan Province has issued a string of important reforms on mining rights and production safety.

The statement explained that "Until these issues are resolved, it is difficult to conceive of a circumstance that would counsel in favor of enforcing Item 1.01(c) of Form SD".

Shaanxi newly discovered large amounts of mineral resources which is worth 7.37 trillion yuan, local paper reported.