Bauxite Gap Seen by Alcoa’s Partner as Indonesia Says Ban Stays
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China may face a shortage of bauxite should Indonesia’s ban on ore exports last into next year, according to Alumina Ltd., the Melbourne-based company whose shares rallied 48 percent this year as the curb took effect.
There’s potential for a so-called bauxite gap of 10 million to 15 million metric tons as stockpiles in the country run out, and prices may rise, Andrew Wood, group executive of strategy and development, said at a conference in Singapore. Bauxite is used to make alumina, which is processed into aluminum.