Metro Mining Sets Q2 Bauxite Shipment Record, Raises Q3 Pricing Amid Tighter Market Conditions

Published: Jul 30, 2026 09:26

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[SMM Aluminum Express News] Metro Mining shipped a record 1.8 million WMT of bauxite in Q2 2026, up 7% year-on-year, while maintaining its full-year shipment guidance of 6.6-7.1 million WMT. The company negotiated an average 9% increase in Q3 CIF pricing following firmer market conditions and expects to ship more than 5 million WMT in the second half of 2026. Around 80% of its 2026 freight requirements remain covered by long-term contracts, limiting exposure to higher freight rates. Metro said rising freight and diesel costs have tightened the global bauxite market, with higher shipping costs from Guinea supporting a recovery in traded bauxite prices. The company expects further upside in bauxite prices once excess Chinese port inventories are absorbed, while noting that Guinea producers are facing profitability pressure as freight rates remain elevated.

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