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Malaysia aluminium export to China gains with Indonesian ban
- China Aluminium Network
- Post Time: 2014/11/24
- Click Amount: 724
The Rakyat Post reported that bauxite mines are springing up in Malaysia and shipping ever increasing amounts of the raw material used for aluminium to China, helping fill a gap since Indonesia banned ore exports in January in a bid to encourage value added processing at home.
According to consultancy CRU, China will need around 130 million tonnes of bauxite next year to feed its fast growing aluminium industry and must import about 36.8 million of that.
Mr Ling said that “Malaysia could prove critical for China’s producers as they scout out alternatives to Indonesian supplies. More and more alumina refineries in China are buying bauxite from Malaysia. They have done some investment in terms of shipping capability and also infrastructure trying to get bauxite. Malaysia looks like a game changer.”
Kuantan, a district in eastern Peninsular Malaysia facing the South China Sea, is a hot spot for new bauxite mines. Ideal Mineral Resources opened one a few months back.
Mr Johnny Wong director said that it was producing about 4,000 tonnes a day and planned to raise output to 10,000 tonnes in the first quarter of next year, once monsoon rains subsided. 100% goes to China. Not only from us, but from our area in Kuantan adding that several Chinese firms had also started operations recently, both in mining and in buying from mines in the area.”
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