Insight
The wider implications of the Gove refinery shutdown
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Rio Tinto's decision to shut its 2.7Mt/a Gove refinery whilst maintaining production at the captive Gove bauxite mine is expected to move the smelter grade alumina (SGA) market from a surplus of more than 1Mt to a deficit of 1Mt in the next twelve months. The removal of the Gove mine's dependent refinery will release as much as 8Mt/a of bauxite mine capability into the Rio Tinto system, much of which we expect will be sold to third parties, mainly in China. Rio Tinto's structural SGA...
Table of contents
- Executive summary
-
Background
- Impact on the SGA market and key players
- The winners and losers created by the shutdown
- Conclusions
Tables and charts
This report includes the following images and tables:
- Rio Tinto alumina refinery C1 cost position, 2013
- Rest of World Alumina Supply, Demand and Spot price in 2013
- Rest of World SGA balances, China imports and Spot prices, 2012-2015, (kt)
- Rest of World SGA market metrics, pre-announcement, 2013-2015, (kt)
- Rest of World SGA market metrics, post-announcement, 2013-2015, (kt)
- Rio Tinto Alcan structural SGA balance, 2012-2017, kt
What's included
This report contains:
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