Recent data on April 11 showed a significant increase in the weekly total port arrivals of bauxite at domestic ports, reaching 5.7141 million tonnes, up by 2.5903 million tonnes compared to the previous week.

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One of the world's largest iron-ore producers, Vale said heavy rainfall impacted production in its Brazilian Northern mining complex.

Goldman Sachs has reduced its forecast for aluminium prices this year after its economists downgraded global growth forecasts including for the US and China following the Trump administration's move to sharply increase tariffs.

In a landmark development for the metals sector, Brazilian Rare Earth (BRE) and Rio Tinto have signed a revised agreement to advance the Amargosa bauxite?gallium project in Bahia, Brazil.