SMM June 2 News:

In May 2024, a small number of domestic mines in Shanxi and Henan provinces, which had been shut down due to various reasons, resumed production, but large-scale resumption of production has not yet occurred. The proportion of imported ore used by alumina plants in Shanxi and Henan has increased, but due to the dominance of long-term contracts for imported ore supply, the supply of spot market scattered orders is extremely limited, making it difficult for alumina plants to temporarily purchase imported ore. The spot market supply of bauxite ore is still tight, but due to the situation of high price but low demand, the price of imported ore and domestic ore remains stable with a slightly upward trend.