SHANGHAI, Oct. 25 (SMM edited) – There is little chance that sea freights will rise, given the signs of slowing global economic growth in 2012. Bauxite import prices are relatively stable since most importers in China have signed long-term contracts with overseas mine operators. Still, FOB prices of bauxite are expected to edge up due to tight supply globally.
Experts predict that total alumina capacity in China will reach 54.49 million mt/yr in 2012 and newly-commenced capacity at 7.7 million mt/yr. Projects of imported bauxite will still be built and put into operation, so China’s bauxite imports will remain at a high level.