7.29.2008

Investing in the Northern Territory...

This story starts, as always these days, with China, where bauxite
imports have exploded over the past three quarters, a response mostly
to the dropping of import duties on aluminium's raw material. Average
import prices for bauxite to China have risen over 40 per cent over
the past year, as imports rose to risen to 8 million tonnes a quarter.

Clearly the best place to ship bauxite to China is from Weipa and
Gove, both of which now work under the Rio Alcan flag. And that leaves
Rio pondering the delicious prospect of establishing a new growth
option for its northern Australian bauxite twins.

Rio Alcan is, of course, the construct of Rio Tinto's Comalco and
Canada's Alcan.

http://www.theaustralian.news.com.au/story/0,,23370958-30538,00.html

http://www.alcangove.com.au/

No comments: