China’s appetite for bauxite hits a new record as reported by BIMCO.
Bauxite imports
Bauxite exports to China reached new highs in the first quarter of 2022, growing at a 12.8% annual rate between 2017 and 2021, much surpassing all other commodities, which rose at a combined rate of only 4.3% each year. The demand for bauxite imports has remained strong so far in 2022, and the price of aluminium has risen to its highest level in 14 years.
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Source: BIMCO
