Tight supply and weak demand The combination of mining restrictions, resource depletion and production shutdowns should have driven the price of calcined bauxite on an upward course, yet prices slowly ticked down or stayed flat throughout 2019. [...]on the calcination side, the difficulties in sourcing raw materials and increasing energy costs for natural gas calcination (since calcination with coal is restricted), would drastically affect the output of the material,” a second refractories trader told Fastmarkets. A distributor in Europe said that “any pick-up in demand right now could create short-term supply shocks” and that would support market prices.
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