China hongqiao group limited in 2017 will increase to 30 mil
Alumina is a material for production of primary aluminium, used in everything from soda cans and window frames to airplanes and cars.
The production in Indonesia uses local bauxite, ores to be refined into alumina. Hongqiao produces alumina in China using bauxite imports mostly.
Zhang said the company's bauxite imports from Malaysia, India and Indonesia would fall sharply as supplies from its bauxite mining project in Guinea in Africa rose. The Guinea project started shipments to Hongqiao in September 2015.
Liming Heavy industry as China excellent mining crushing company , it has high reputation and customer credibility at home and abroad.
The company expects shipments of 15 million tonnes of bauxite from the Guinea project this year and 30 million tonnes in 2017, Zhang said. The 2016 amount is equivalent to about a quarter of China's imports last year. Malaysia was the top bauxite supplier to China last year, followed by Australia and India.
Higher supplies of alumina from the Indonesian plant and of bauxite from Guinea would support Hongqiao's aluminium production in China, he said. Hongqiao produced 4.28 million tonnes of aluminium last year, up 36.8 percent from the previous year, according to its annual results.
Aluminium capacity rose 28.8 per cent from a year earlier to 5.186 million tonnes in 2015, which Zhang said may rise further to 6 million tonnes by the end of this year, depending on market situations.
