Metro Mining (ASX:MMI) Ramping Up Bauxite Production, Leveraging Scale & Logistics to Boost Margins

Interview with Simon Wensley, Managing Director & CEO of Metro Mining Ltd.Recording date: 31st October 2023Metro Mining (ASX:MMI) is an Australian pure-play bauxite producer focused on growth and expansion. Metro Mining operates the Bauxite Hills Mine in Northern Queensland, Australia which benefits from simple mining and processing, high-grade ore, and proximity to the coast for shipping. The company produced 2.8 million tons of sales in 2021, and 3.5 million in 2022. The company is expanding production capacity to 5 million tons of sales in 2023.Bauxite is the only ore used to make primary aluminum which is critical for decarbonization efforts across transportation, construction, and renewable energy. Global demand for bauxite is forecast to grow 8% annually over the next decade. The investment case highlights Metro Mining's leverage to forecast strong bauxite demand growth, successful expansion efforts to improve margins, and relatively low risk with much of next year's production and logistics costs locked in.Upcoming potential catalysts are hitting the 7 million tonne production target in 2024, completing the low capital intensity expansion in 2023, and realizing expanded margins from the larger production scale.View Metro Mining's company profile: https://www.cruxinvestor.com/companies/metro-mining-limitedSign up for Crux Investor: https://cruxinvestor.com

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