bauxite

Few more buyers today. Recent ann re bauxite tenaments being granted in next 2/3 weeks and then possible (fast tracking) deals with chinese makes them more attractive than a pure uranium play. All my research indicates bauxite could be the next mover .......

A review of U.S. Geological Survey data of global metals and minerals finds that China ranks higher in use than production for aluminum, bauxite, cobalt, copper, ferroalloys, iron ore, lead, magnesium and zinc. Outdated mining and ore-processing technologies are being replaced with modern techniques, but China's rapid industrialization continues to require imports of minerals from abroad as steel, aluminum and copper metals production rapidly have outstripped domestic iron, bauxite and copper-ore production.

Take aluminum as an example: China is producing more aluminum than ever. The country produced 12.5 million metric tons of aluminum in 2007 which required 62.5 million metric tons of mined bauxite ore. Just five years earlier, China smelted 5.5 million metric tons of aluminum ingot from 27.5 million metric tons of bauxite. So, the country now uses 35 million metric tons more of the ore?which no longer is available to world markets for other producers to purchase.

full report http://ip-telephony.tmcnet.com/news/2008/02/22/3286152.htm