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Stronger RMB supports bauxite prices

Views: 82 times Updated :2017-09-14

The Chinese currency’s value has been rising against the US dollar since early August, which has eroded Chinese bauxite producers’ profit margins, and many are raising their offers in early September as a counter-measure. This has lifted bauxite spot prices in China while anti-pollution checks continued to cap output.

Appreciating Chinese renminbi (Rmb) against the US dollar have further supported the bauxite prices in early September amid unrelenting output disruptions and supply uncertainty over the past month.

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