Resources Stocks Down Under 3 March 2022: Metro Mining (ASX:MMI)

Metro Mining: China needs more of what it’s got

After a few weeks of looking at graphite companies, Resources Stocks Down Under turns its attention to one of the ASX’s few bauxite companies – Metro Mining. Metro Mining has operated the Bauxite Hills Mine on Queensland’s Cape York Peninsula since 2018 and is now looking at ways to increase its capacity from 4 million tonnes to 6 million tonnes. With bauxite prices now stabilising and the potential for a Financial Investment Decision on the next stage of the process, this stock is now showing some signs of life.

Click here to read the previous edition of Resources Stocks Down Under published 24 February 2022

For in-depth research reports or to keep up-to-date on the latest Stocks Down Under news see our parent company, Pitt Street Research, or follow us on Facebook and Twitter