This is a short term phenomenon bauxite demand is growing 5-7% per year he Malaysian bauxite is being dumped cheaper then Indian due to inexperienced operators. The article I read on MMI's forum is that the Malaysian government is now looking at banning bauxite mining for some months to get it regulated better as it's causing a fair bit of environmental destruction atm. The fact this ban will occur in the wet season is fairly logical as well. The main hold out will be the state government for that area as it will cut revenue. It stands to reason rawmin is probably looking after itself at this time rather than the new player being ABX buying opportunity in next month or two while people sell out at some point ABX will be shipping ore.
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1 | 10000 | 0.048 |
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