A pair of aluminium producers in the People’s Republic of China announced additions in capacity totaling 205 thousand metric tons per annum late last week. According to an unnamed source who spoke with Shanghai Metals Market
Both projects come as imports of bauxite ore continue to rise. Numbers released on Friday by the country’s customs department showed a bump of 1.14 million metric tons in imported bauxite in the month of February over the prior month, pushing the month’s total imports to 9.41 million metric tons. Imports from Australia, Indonesia, and Guinea combined rose by 1.26 million metric tons over January’s total, according to the data.
