YUAN DEPRECIATION: Drop puts pressure on Chinese buyers of imported bauxite, alumina

摘要

A declining yuan could hit Chinese buyers of imported bauxite andalumina, and put pressure on the domestic aluminium supply chain.A weaker yuan makes imports of US dollar-priced bauxite andalumina more expensive. The yuan has fallen over 2.5% against theUS dollar since the stock market rout on August 24, 2015. On Friday 29January, the Chinese currency was trading at 6.57529 per US dollar.However, statistics show that the country’s bauxite imports havenot suffered so far.