China’s Bauxite Imports Plummet by 25.68% in September 2024 Due to Supply Disruptions from Guinea
In September 2024, China’s bauxite imports fell by 25.68% month-on-month, totaling 11.5536 million tonnes, primarily due to supply disruptions from Guinea. Despite a year-on-year increase of 15.82%, reductions in imports from Guinea, Malaysia, and Brazil overshadowed increases from other suppliers like Australia and Turkey.
In September 2024, China experienced a significant decline in its bauxite imports, reporting a 25.68% decrease month-on-month due to ongoing supply disruptions stemming from Guinea. These disruptions were initially exacerbated by adverse weather conditions, followed by restrictions imposed by Guinea’s customs authorities. According to data released by China’s General Administration of Customs, the import volume for September totaled 11.5536 million tonnes, a notable decline from the 15.546 million tonnes imported in August. Nonetheless, this figure represents an increase of 15.82% on a year-over-year basis. The overall decrease can be attributed to reduced shipments from Guinea, Malaysia, and Brazil. Meanwhile, although imports from Australia, Turkey, Laos, and the Ivory Coast saw an uptick, these increases were not substantial enough to compensate for the overall drop in bauxite imports.
Bauxite is a critical raw material for the aluminum industry, and any disruptions in its supply chain can significantly impact production and procurement strategies in consuming countries. In the case of China, which is one of the largest consumers of bauxite globally, supply disruptions from Guinea, a major source of its imports, have severe implications for its aluminum production capacity. The backlogs caused by customs restrictions, in conjunction with unfavorable weather, have led to a pronounced decrease in import volumes from this key supplier, which is exacerbated by increases in demand for aluminum.
In summary, China’s bauxite imports have experienced a notable decline in September 2024 primarily due to supply disruptions from Guinea caused by both adverse weather and customs restrictions. Although imports from alternative sources increased, they were insufficient to offset the overall decrease. The situation underscores the importance of Guinea as a supplier for China’s aluminum industry and highlights the challenges posed by unforeseen disruptions.
Original Source: www.alcircle.com
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