SMM attributes the surge of bauxite imports in May to stockpiling before higher export duties and export restrictions come into effect in Indonesia. Based on the Indonesian bench mark bauxite export price set May 28th, bauxite exports during June will pay duties of USD 3.1-3.6/mt following the imposition of a 20% tax. Qualified exporters also have to obtain official approval to build any local alumina plant.
June will pay duties of USD 3.1-3.6/mt following the imposition of a 20% tax. Qualified exporters also have to obtain official approval to build any local alumina plant.
