Aluminum ore prices halved.

According to recent reports from multiple foreign media outlets, Guinea, the world's largest bauxite producer, is currently negotiating with mining companies to control market supply in order to curb the downward trend of raw material prices. The price of bauxite, the raw material for producing alumina, has almost halved since the beginning of 2025. One of the main reasons for the sharp price drop is the significant increase in supply, far exceeding market demand. It is known that Guinea accounts for about 70% of global bauxite supply, with exports reaching 183 million tons in 2025, a 25% increase compared to the previous year.