On the morning of August 25, Mr. Friday Gao, senior analyst of Asian Metal visited Greenstone Capital LLP in London and talked about Chinese alumina and imported bauxite markets with Mr. Ivan Fairhall, duly appointed advisor of Greenstone and Mr. Tim Simpkin in the company.
Greenstone is an investment company focusing on copper ore, bauxite and zinc ore, etc. The company is now engaged in bauxite investment in Australia and Guinea.
Ivan revealed that Chinese demand for imported bauxite will continue to increase. For example, Chalco plans to build one alumina refinery in Huanghua with annual capacity of 4 million tons, which may need consume more than 10 million tons of bauxite each year. In addition, he thinks Chinese alumina producers in Shanxi and Henan may also turn to imported bauxite in the future due to lowering grade.
According to Asian Metal Database, Chinese demand for imported bauxite is around 5.1 million ton per month now.
Tim said that they invested copper ore in the US and Brazil, and zinc ore in Australia before.
