MOL predicts seaborne bauxite trade will grow 40% by 2025

MOL predicts seaborne bauxite trade will grow 40% by 2025

Japan’s Mitsui OSK Lines (MOL) has won a five-year bauxite transport contract from Alufer Mining. Capesizes will be deployed to shift bauxite from a new mine in Guinea with most of it heading to China.

Bauxite production is scheduled to start at the Bel Air bauxite mine in the third quarter of 2018 and reach production of 5.5m tonnes per annum.

“[T]he current market for seaborne bauxite is approximately 100mt per annum and is forecast to grow 40% by 2025, primarily driven by import requirements in China,” MOL noted in a release today.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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