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Shanghai aluminium slips after Malaysia lifts bauxite ban


Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31.

Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31.

BEIJING: Shanghai aluminium prices fell on Tuesday, after Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31, potentially reducing costs in the aluminium supply chain for top producer China.

Bauxite is a rock refined to make alumina, which is then used to make aluminium metal. Chinese aluminium prices have been struggling to move away from two-year lows amid weak domestic demand and plentiful supply.

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