CAY 0.00% 16.5¢ canyon resources limited

"China will ramp up consumption" There is increasing demand for...

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    "China will ramp up consumption"
    There is increasing demand for imported bauxite in China due to its aggressive plan to build alumina refineries along the coastline amid a depletion of domestic high-grade bauxite.
    China alumina supply is expected to be at deficit in 2018, and requires new capacities to fill the gap.
    China alumina market is expected to turn to a deficit of 770,000 tonnes in 2018 from a surplus of 450,000 tonnes in 2017, according to Xu from Citic Futures.
    Total alumina capacity for refineries that are being built and planned to be built along the coastline have exceeded 30 million tonnes, according to Yin Zhonglin of Aluminum Corp of China Limited (Chalco) Zhengzhou Research Institute.
    The fall in grades in domestic Chinese bauxite has also pushed more inland refineries to turn to high-grade imported bauxite."

    from the Metal Bulletin May 23 18 in its report on the Asians Metals Raw Materials conference held in China in May this year.Clearly supporting Kalenn's post above ...and clearly indicating the very active interest CAY will get from interested parties. Potential plus.
 
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