A bit of weakness on decent volume last couple of days, I wonder if a few investors are concerned surrounding the speculation that Indonesia is considering easing their export ban on bauxite?
Given they only produced 20mt in 2023, I wouldn't have thought it'd be overly material if they chose to do so (as a large proportion would still be utilised domestically I would have thought). Even choosing to do so you would think is highly unlikely, given the success they have had with nickel IMHO. Would be interested in other people's views?
https://www.fastmarkets.com/insights/indonesian-government-looking-to-ease-bauxite-export-ban/#:~:text=Indonesia%20is%20the%20world's%20sixth,tonnes%20of%20bauxite%20in%202023
A bit of weakness on decent volume last couple of days, I wonder...
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