An update from Metro Mining Limited ( (AU:MMI) ) is now available.
Metro Mining Limited has successfully completed a A$7 million maintenance program for its Bauxite Hills Operation and Marine Divisions, enabling an early start to the 2025 production season. The company is targeting shipments of 6.5 to 7.0 million WMT for the year, with a 25% increase in Q2 pricing negotiations compared to Q4 2024. Despite volatility in the bauxite market, demand remains strong, driven by new Chinese refinery capacity and a decline in domestic supply in China.
More about Metro Mining Limited
Metro Mining Limited is a company in the mining industry, primarily focused on the production and shipping of bauxite. The company operates the Bauxite Hills Operation and Marine Divisions, with a market focus on supplying high-quality bauxite to long-term contract partners.
YTD Price Performance: -15.00%
Average Trading Volume: 9,477,420
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$310.6M
See more insights into MMI stock on TipRanks’ Stock Analysis page.