Alumina Refineries Boost Acceptance of Costly Bauxite, Guinea Bauxite CIF Price Hits $100/mt

Alumina Refineries Increase Acceptance of High-Priced Bauxite, Guinea Bauxite CIF Price Rises to $100/mt

SMM News, December 12:

SMM Brief Comment: According to SMM's daily alumina profit model, as of December 6, the average theoretical profit of the alumina industry was 2,500 yuan/mt. Influenced by this, some alumina refineries have increased their acceptance of higher-priced bauxite, and the spot prices of imported bauxite continue to rise. As of December 12, the SMM imported bauxite CIF index was reported at $96.32/mt, up $3.02/mt WoW, while Guinea bauxite prices were reported at $100/mt, up $5/mt WoW. In the short term, bauxite prices are likely to continue to fluctuate upward.