SMM, January 16:
Since mid-to-late October 2024, imported bauxite prices have accelerated their rise, with bulk transaction prices surging from $75-77/mt to a peak of $128-130/mt. However, recently, spot alumina prices have accelerated their decline, significantly narrowing the profit margins of alumina refineries. The peak of bauxite prices has come under pressure, and suppliers' quotations have shown a certain degree of pullback.
