Metro Mining potent to rise to key supplier status, meeting China’s peaking bauxite demand
China, the leading alumina and aluminium producer, heavily relies on imported bauxite, which surged to 57 per cent in 2024, owing to declining domestic ore grades and export restrictions from Indonesia. The country is thus prompted towards an urgent search for nearer-sourced supplies. Australia’s Metro Mining has reportedly seized this moment, with an urge for optimising production at its Bauxite Hills Mine in Queensland, and having ramped capacity up to 7 million tonnes per annum in H2 2024 and shipping 184,000 wet metric tonnes (WMT) in Q1 2025 to satisfy Chinese demand. Backed by long-term supply agreements totalling 6.9 million tonnes in 2025 and 6.1 million tonnes in 2026 with major Chinese partners, the company stands at a sub-USD 30 per dry tonne delivered cost target and a powerful AUD 307 million 2024 revenue performance with underlying EBITDA doubling to AUD 37 million.
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China’s evident bauxite crunch
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Record Q1 bauxite shipments put Metro Mining on track for 2025 goal
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