The business of this segment mainly includes the exploration and mining of bauxite resources, the import and production of alumina, and technology research and development. The profits of this segment are mainly affected by the prices of bauxite and alumina.
Affected by factors such as tight supply and shipping, rising shipping costs caused by fluctuations in international crude oil prices, environmental protection policies, and increased demand from alumina companies, bauxite prices are on the rise.
In terms of imported minerals, the main suppliers of imported minerals are still Guinea, Australia, and Indonesia. The overall shipping freight is running at a high level. Although companies import bauxite mainly on long-term orders, as the tight supply of ore has not eased, the demand for imported ore continues to increase, and the price of imported ore rises. China imported bauxite totaling 107.37 million tons.
Among them, Guinea imports accounted for 51%. Affected by high sea freight and increased domestic demand, the CIF price of imported bauxite is approximately US$48/ton, and the price has increased compared with the previous year.
