AGB2A-GIC increases bauxite production
2023-03-28 08:18:56 [Print]
BEIJING (Asian Metal) 28 Mar 23 - AGB2A-GIC, a small bauxite producer in Guinea, would produce around 120,000t in March, up from around 70,000t in February, a source from the company reported to Asian Metal.
"We produced around 70,000t last month and might produce 120,000t this month," said the source, adding that they would prepare around 200,000t for sales by late March, with present inventories at around 190,000t. They will change a new bauxite mining contractor from early April and would try to produce 300,000t next month.
With the annual production capacity of 4 million tonnes, they produced around 600,000t in 2022 and close to 200,000t so far this year.
Current prevailing prices for Guinean bauxite Al2O3 45%min SiO2 3%max keep at USD65-67/dt CIF China, stable from one week ago. Before the rainy season in Guinea starting from June, local bauxite producers increase production.
"We produced around 70,000t last month and might produce 120,000t this month," said the source, adding that they would prepare around 200,000t for sales by late March, with present inventories at around 190,000t. They will change a new bauxite mining contractor from early April and would try to produce 300,000t next month.
With the annual production capacity of 4 million tonnes, they produced around 600,000t in 2022 and close to 200,000t so far this year.
Current prevailing prices for Guinean bauxite Al2O3 45%min SiO2 3%max keep at USD65-67/dt CIF China, stable from one week ago. Before the rainy season in Guinea starting from June, local bauxite producers increase production.