Metro Mining’s first bauxite shipment of 62kt to China; market players downplay spot price impact

Australian miner Metro Mining has made its first shipment of 62,000 tonnes of bauxite to China, a company source told Metal Bulletin, however, market players have downplayed the impact on spot bauxite prices due to the miner’s limited supply in the near term.

The cargo is expected to reach China around May 17, according to the company source.
The delivery is part of the commitments to the offtake agreement between Metro Mining and China aluminium producer Xinfa Group.

In October 2016, Metro Mining signed a 7 million-tonne bauxite offtake agreement with Xinfa Group to provide 1 million tonnes of bauxite in the first year, and 2 million tonnes per year for the...

Published

Susan Zou

May 09, 2018

12:00 GMT

Shanghai