Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports, says Filipe Gouveia, Shipping Analyst at BIMCO.
Seaborne minor ore exports riseAccounting for 51% of seaborne minor ore exports, bauxite exports also led year to date growth with a 9% y/y increase. Bauxite is refined into alumina, the primary ingredient in aluminium production.
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https://mfame.guru/strong-chinese-demand-drives-7-y-y-rise-in-minor-ore-exports/