Good Time for Metro Mining CEO to Be Negotiating Bauxite Prices -- Market Talk

Dow Jones
03/16

2245 GMT - It's a good time for Metro Mining CEO Simon Wensley to be in China negotiating prices for bauxite sales in the June quarter, says Shaw & Partners. That's because bauxite prices have been rising. Reports suggest that major exporter Guinea is considering implementing export controls on the commodity. "He is likely to see a more supportive environment for prices today than if he had commenced negotiations two weeks ago," Analyst Andrew Hines says of Wensley's China talks. Guinea accounts for about 70% of global seaborne supply. Shaw says any disruptions to Guinea supply would have a large impact on price. It draws parallels with 2024/25 when the bauxite price surged to US$130/ton after the removal of Guinea Alumina Corp's export licence. (david.winning@wsj.com; @dwinningWSJ)

 

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March 15, 2026 18:45 ET (22:45 GMT)

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