Aluminum Corp of China Ltd , also known as Chalco, received an operating license for its new bonded bauxite warehouse in southern China’s Guangxi region, according to a report from the country’s nonferrous metals association.
A bonded warehouse is a storage facility for dutiable imported goods that have not yet cleared customs and can therefore easily be shipped to other countries.
A Chalco spokesman said the warehouse has a storage capacity of 1.02 million tonnes of bauxite, an ore that is refined into alumina, which is then used to make aluminium.
The 100,000-square-metre facility will store bauxite shipped from Africa and serve Chalco’s Guangxi Huasheng alumina refinery, the news portal of China Nonferrous Metal Industry Association stated on Wednesday.
Chalco operates the Boffa bauxite mine in Guinea that will eventually produce 12 million tonnes per year of ore, and also plans to put into operation this month Guangxi Huasheng’s first phase of 2 million tonnes per year.
When the domestic market or Chalco itself does not need the bauxite ... (Chalco) may try to export to some other countries,” CRU analyst Wan Ling said.
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