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中文翻译附于新闻末尾，敬请继续阅读。

China Hongqiao Group is looking to raise the annual limits on a bauxite supply deal involving its subsidiary, Well Harvest Winning. The company said the current limits may not be enough for its expected needs over the coming years. The supply agreement runs until 2033 and is with Indonesia-based Cita Mineral Investindo.

Bauxite is a key ingredient in aluminium production, and Hongqiao expects to require larger volumes as its operations continue.

Under the deal, the supplier sells bauxite at a benchmark price of USD 31.50 per dry metric tonne, with adjustments depending on ore quality and periodic reviews.

Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook

This increase does not change the agreement itself, but it allows Hongqiao to purchase larger volumes under the existing contract.

The move points to stronger expected demand for bauxite within the group's aluminium business and highlights the importance of securing long-term raw material supplies.

Separately, the latest analyst rating on Hongqiao shares remains Buy, with a target price of HKD 45.

中国宏桥拟签署长期供货协议，扩大铝土矿采购规模

中国宏桥集团计划上调旗下子公司印尼宏发韦立一份铝土矿供货协议的年度采购限额。该公司表示，现有采购限额难以匹配未来数年的生产需求。该供货协议合作方为印尼Cita Mineral Investindo公司，合约有效期至2033年。

铝土矿是电解铝生产的核心原料，伴随集团生产规模持续扩张，宏桥预计铝土矿采购需求量将持续增长。
根据协议约定，铝土矿基准采购价为每干吨31.5美元，实际结算价格将依据矿石品质浮动调整，且双方会定期重新核定定价基准。

本次调整仅提升年度采购总量上限，原有合作协议整体条款不作变更，宏桥可在现有合约框架下采购更多铝土矿。
此举充分体现集团铝板块未来铝土矿需求将进一步走高，也凸显企业锁定长期稳定原材料供应的战略重要性。

另外，券商最新研报维持中国宏桥股票“买入”评级，目标价45港元。

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