METALS-Shanghai aluminium slips after Malaysia lifts bauxite ban
February 18, 2019 at 23:58 PM EST
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 sup