Weekly Review: Guinea Bauxite Incident Impact Eases, Prices Stabilize with Volatile Adjustment Ahead

Published: May 29, 2025 18:00

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【Weekly Review of Bauxite】The impact of the Guinea bauxite incident on market sentiment gradually eased this week, with transaction prices failing to rise further. As of Thursday this week, the CIF price of Guinea bauxite was reported at $74/mt, an increase of $2/mt from last Thursday. Influenced by the concentration of Guinea bauxite transaction prices around $73-75/mt, the SMM imported bauxite index rose. As of Thursday this week, the SMM imported bauxite index was reported at $74.11/mt, up $1.97/mt from last Thursday. With no progress in the Guinea bauxite incident, bauxite suppliers' willingness to sell at low prices was not strong. However, alumina operating capacity still failed to rebound significantly. In the short term, the fundamental situation of bauxite is expected to remain in a surplus pattern, with general intentions to purchase bauxite at high prices. In the short term, imported bauxite prices are expected to enter a phase of volatile adjustment.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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