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Brazil boosts bauxite, alumina exports on domestic cutbacks, foreign opportunities
July 21, 2014 - 10:31 GMT
Upstream activity has been playing a more strategic role in Brazilian aluminium industry, with growing exports of bauxite and alumina being responsible for the sector’s trade surplus, according to the country’s aluminium association, Abal.
"With the drop in primary aluminum exports, alumina and
bauxite have become the driving forces of the sector's trade
balance," Otávio Carvalheira, coordinator of the
upstream workgroup at Abal, said. Having the third largest
bauxite reserves in the world, Brazil exported 4.2 million
tonnes of the aluminium ore from January to June 2014, up by
13.7% from the corresponding months of last year, according to
figures from the country’s trade ministry. China
has increased its purchases of Brazilian aluminium ore by 39.2%
in the first half of the year, to 406,209 tonnes, as a result
of the ban on exports at its main supplier, Indonesia. While
Brazil is not the most competitive supplier for the China,
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