【SMM Aluminum Flash News】VBX Signs Agreement with Chinese Aluminum Group for Wuudagu Bauxite Project Offtake

Published: Jul 28, 2026 17:26

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VBX has moved a step closer to developing its flagship Wuudagu Bauxite Project after signing a framework agreement with a major Chinese aluminium group that could deliver both project funding and a long-term bauxite offtake arrangement. The non-exclusive agreement, signed with the Hong Kong subsidiary of the Chinese aluminium producer, establishes a pathway for the parties to negotiate investment in the development and operation of the Western Australian project. Under the proposed arrangement, the Chinese group would purchase between 2 million and 3 million tonnes of bauxite per year, while also providing funding expected to cover a significant portion of the project's construction and commissioning costs.

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