Australia and Malaysia have emerged as two of the key beneficiaries of Indonesia’s decision to ban exports of bauxite, according to Italian broker Banchero Costa.
The bauxite trade represents one of the top five dry bulk cargoes globally and volumes have increased about 40% in the past five years.
China is both the largest consumer and importer of bauxite in the world, accounting for about 75% of global bauxite imports.
