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Borneo Alumina Indonesia

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uuid000pcai

Namestring
Borneo Alumina Indonesia
Legal namestring
PT Borneo Alumina Indonesia
Websiteurl
bai.id
Company typeenum
Private
Founded yearint
2014
Descriptiontext

PT Borneo Alumina Indonesia (PT BAI) is an Indonesian state-owned enterprise and subsidiary of the MIND ID state mining holding group, operating alongside parent companies PT INALUM (Indonesian Asahan Aluminium) and PT ANTAM Tbk (Aneka Tambang). The company runs the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, which was inaugurated by President Joko Widodo in September 2024 with a designed Phase 1 capacity of 1 million tons per year of Smelter Grade Alumina (SGA). SGAR processes domestically mined bauxite ore into high-purity alumina (Al2O3) via the Bayer process, supplying feedstock for aluminum electrolytic smelting and supporting Indonesia's national mineral downstream processing (hilirisasi) strategy.

The company's core product is Smelter Grade Alumina, marketed under the "PURE" high-purity branding, sold through direct B2B enterprise sales to aluminum manufacturers both domestically and internationally. PT BAI completed its first production and 16 trial shipments (domestic and export) by end-2025, with full commercial production targeting the 1 million tons per year Phase 1 capacity. Pricing is negotiated on multi-year industrial contracts and is not publicly disclosed. The primary customer is its parent company PT INALUM as off-take buyer, with PT ANTAM participating in project governance under the MIND ID holding.

Beyond alumina refining, PT BAI maintains an extensive CSR and community engagement program in West Kalimantan, including MSME mentorship in collaboration with the Indonesian Ministry of MSMEs (KUMKM), welder training programs with local government bodies, and quarterly blood donation drives. The company is currently preparing the Feasibility Study for SGAR Phase 2 expansion to scale capacity beyond the Phase 1 baseline, with corporate headquarters in Jakarta and operational headquarters at the Mempawah refinery site.

Short descriptiontext

PT Borneo Alumina Indonesia (PT BAI) is a state-owned alumina refinery operating Indonesia's first large-scale Smelter Grade Alumina facility in West Kalimantan, producing 1 million tons per year of high-purity alumina from domestic bauxite for the aluminum industry, under the MIND ID state mining holding.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersKalimantan, Indonesia
HQ citystring
Kalimantan
HQ countrystring
Indonesia
HQ regionstring
Asia
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
smelter grade alumina, alumina refinery operations, bauxite processing services, aluminum feedstock supply, industrial mineral processing
Industry1 code
1IMAKACAB
CodeIMAKACABPrimaryYes
NAICS code1 code
  • 331313
SIC code1 code
  • 3330
Product category
Alumina Manufacturing
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Smelter Grade Alumina Sales
TypeOne Time License
Description

PT BAI generates revenue through the production and sale of Smelter Grade Alumina (SGA) to domestic and international aluminum industry customers. The company completed its first production and 16 trial shipments (domestic and export) by end-2025, with commercial operations targeting full production of 1 million tons per year.

bai.id
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Pricing details1 tier
1Contract-based industrial pricing for Smelter Grade Alumina
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing not publicly disclosed; B2B industrial contracts negotiated directly with aluminum industry customers

bai.id
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

PT Borneo Alumina Indonesia (PT BAI) operates the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, processing bauxite ore into high-purity Smelter Grade Alumina (SGA) for use in aluminum electrolytic smelting. The SGAR Phase 1 facility has a designed capacity of 1 million tons per year and represents Indonesia's first large-scale domestic alumina refinery, supporting the national mineral downstream processing strategy (hilirisasi) and supplying both domestic and international aluminum industry customers.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

PT Borneo Alumina Indonesia (BAI) operates as a bauxite-to-alumina processing facility, producing Smelter Grade Alumina (SGA) as its core product. The company operates the Smelter Grade Alumina Refinery (SGAR) with a design capacity of 1 million tons per year, utilizing advanced processing technology to convert raw bauxite ore into high-purity alumina for the aluminium industry. The company also mentions 'PURE' high purity alumina branding. BAI is developing SGAR Phase 2 as a future expansion.

Product and service1 record
1Smelter Grade Alumina (SGA)
CategoryAlumina manufacturing / industrial mineral processing
Description

High-purity alumina (Al2O3) produced at the SGAR facility in Mempawah, West Kalimantan, through the Bayer process of bauxite refining. Branded as PURE, the product is sold as feedstock for aluminum electrolytic smelting operations and serves both domestic Indonesian smelters and export markets. SGAR Phase 1 has a designed capacity of 1 million tons per year.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
1Kementerian UMKM Republik Indonesia (KUMKM)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-12-01
Description

PT BAI partnered with Indonesia's Ministry of Micro, Small, and Medium Enterprises to hold a Focus Group Discussion on developing mentored MSMEs. The partnership aims to elevate local businesses around the SGAR operation, with BAI having mentored 10 MSMEs achieving cumulative turnover exceeding 160 million IDR as of Q3 2024. The ministry seeks to use insights from this program to inform new policies supporting MSME development.

bai.id
2UPTD-LLK UKM Kabupaten Mempawah
Strategic tierMinorTypeImplementation/ SI/ Consulting PartnerAnnounced on2024-12-01
Description

PT BAI collaborated with the Regional Technical Implementation Unit for Labor Market Training (UPTD-LLK) to deliver competency-based welder training to 16 local residents from villages surrounding the SGAR facility. The training, held in partnership with the local government training body, equips participants with nationally recognized welder certification.

bai.id
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-11-01
Description

MIND ID is the state-owned mining holding company that encompasses PT INALUM, PT ANTAM, and PT BAI. The holding orchestrates Indonesia's mineral downstream processing strategy, with the SGAR project being a flagship initiative under its portfolio to advance the country's position in the global aluminum supply chain.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

PT Sinergi, a member of the MIND ID group, partnered with PT BAI to distribute social assistance (sembako) to flood victims in Mempawah Regency as part of the group's collective CSR efforts. The collaboration demonstrates intra-group synergy in social responsibility activities.

Strategic tierMinorTypeOthers
Description

PT BAI conducts regular blood donation drives in partnership with PMI Kabupaten Mempawah, with activities held every 3 months at the company's clinic. The program has collected blood from 61 donors in a single session, with blood units distributed to hospitals for patients requiring surgeries, serious illness treatments, and accident victims.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

China's largest state-owned alumina and primary aluminum producer, operating multiple large-scale alumina refineries via the Bayer process and supplying a vertically integrated aluminum value chain — directly comparable to PT BAI's alumina refining business model under state-aligned ownership.

TypeDirect peer
Description

Indian integrated aluminum producer with significant captive alumina refining capacity (notably the Utkal refinery) that feeds primary aluminum smelting. Highly comparable to PT BAI as a Bayer-process alumina refiner supplying downstream smelters.

TypeDirect peer
Description

Operates the Lanjigarh alumina refinery in India with multi-million-tonne capacity, feeding Vedanta's captive aluminum smelters. Matches PT BAI in process (Bayer), customer profile (captive smelters), and integrated structure.

TypeDirect peer
Description

Joint venture operated by South32 running the Worsley alumina refinery in Australia, one of the largest integrated bauxite-to-alumina operations globally. Comparable in process technology, scale, and global alumina market participation.

TypeDirect peer
Description

World's largest aluminum producer with extensive captive alumina refining capacity in China and Indonesia. Highly comparable in vertically integrated alumina-plus-aluminum model and Asian market focus.

TypeDirect peer
Description

State-linked UAE producer combining alumina refining (Al Taweelah) with primary aluminum smelting as a strategic national champion. Highly comparable to PT BAI in state ownership, strategic national role, and integrated refining-plus-smelting model.

TypeDirect peer
Description

Operates Alunorte, the world's largest alumina refinery in Brazil, supplying Hydro's global primary aluminum smelters. Comparable in Bayer-process operations, scale, and integrated value chain participation.

TypeBroad incumbent
Description

Parent company and primary off-take customer of PT BAI; operates Indonesia's only primary aluminum smelter at Kuala Tanjung. Comparable as Indonesia's broader state-owned aluminum value chain operator and MIND ID subsidiary.

9PT Aneka Tambang (ANTAM)
TypeBroad incumbent
Description

Mining-focused MIND ID subsidiary and co-developer of PT BAI; provides upstream bauxite and nickel resources. Comparable as a state-owned diversified miner in the same holding group with adjacent commodities.

TypeDirect peer
Description

Russia-headquartered global aluminum and alumina producer operating large Bayer-process refineries across multiple geographies. Comparable as a vertically integrated, large-scale alumina refiner with diversified downstream smelting.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Borneo Alumina Indonesia

Alumina Manufacturingbai.id

PT Borneo Alumina Indonesia (PT BAI) is a state-owned alumina refinery operating Indonesia's first large-scale Smelter Grade Alumina facility in West Kalimantan, producing 1 million tons per year of high-purity alumina from domestic bauxite for the aluminum industry, under the MIND ID state mining holding.

What Borneo Alumina Indonesia does

PT Borneo Alumina Indonesia (PT BAI) is an Indonesian state-owned enterprise and subsidiary of the MIND ID state mining holding group, operating alongside parent companies PT INALUM (Indonesian Asahan Aluminium) and PT ANTAM Tbk (Aneka Tambang). The company runs the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, which was inaugurated by President Joko Widodo in September 2024 with a designed Phase 1 capacity of 1 million tons per year of Smelter Grade Alumina (SGA). SGAR processes domestically mined bauxite ore into high-purity alumina (Al2O3) via the Bayer process, supplying feedstock for aluminum electrolytic smelting and supporting Indonesia's national mineral downstream processing (hilirisasi) strategy.

The company's core product is Smelter Grade Alumina, marketed under the "PURE" high-purity branding, sold through direct B2B enterprise sales to aluminum manufacturers both domestically and internationally. PT BAI completed its first production and 16 trial shipments (domestic and export) by end-2025, with full commercial production targeting the 1 million tons per year Phase 1 capacity. Pricing is negotiated on multi-year industrial contracts and is not publicly disclosed. The primary customer is its parent company PT INALUM as off-take buyer, with PT ANTAM participating in project governance under the MIND ID holding.

Beyond alumina refining, PT BAI maintains an extensive CSR and community engagement program in West Kalimantan, including MSME mentorship in collaboration with the Indonesian Ministry of MSMEs (KUMKM), welder training programs with local government bodies, and quarterly blood donation drives. The company is currently preparing the Feasibility Study for SGAR Phase 2 expansion to scale capacity beyond the Phase 1 baseline, with corporate headquarters in Jakarta and operational headquarters at the Mempawah refinery site.

Borneo Alumina Indonesia firmographics

Firmographics
Name
Borneo Alumina Indonesia
Legal name
PT Borneo Alumina Indonesia
Website
https://bai.id
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
501–1,000 employees
Short description
PT Borneo Alumina Indonesia (PT BAI) is a state-owned alumina refinery operating Indonesia's first large-scale Smelter Grade Alumina facility in West Kalimantan, producing 1 million tons per year of high-purity alumina from domestic bauxite for the aluminum industry, under the MIND ID state mining holding.
Ownership category
akta.pro rank

Where Borneo Alumina Indonesia is headquartered

Location

Headquarters

HQ city
Kalimantan
HQ country
Indonesia
HQ region
Asia

Offices2 records

Markets served

Borneo Alumina Indonesia business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

  1. Smelter Grade Alumina Sales: PT BAI generates revenue through the production and sale of Smelter Grade Alumina (SGA) to domestic and international aluminum industry customers. The company completed its first production and 16 trial shipments (domestic and export) by end-2025, with commercial operations targeting full production of 1 million tons per year.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractContract-based industrial pricing for Smelter Grade Alumina

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Borneo Alumina Indonesia product offering

Product offering

Core offering

PT Borneo Alumina Indonesia (PT BAI) operates the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, processing bauxite ore into high-purity Smelter Grade Alumina (SGA) for use in aluminum electrolytic smelting. The SGAR Phase 1 facility has a designed capacity of 1 million tons per year and represents Indonesia's first large-scale domestic alumina refinery, supporting the national mineral downstream processing strategy (hilirisasi) and supplying both domestic and international aluminum industry customers.

Product overview

PT Borneo Alumina Indonesia (BAI) operates as a bauxite-to-alumina processing facility, producing Smelter Grade Alumina (SGA) as its core product. The company operates the Smelter Grade Alumina Refinery (SGAR) with a design capacity of 1 million tons per year, utilizing advanced processing technology to convert raw bauxite ore into high-purity alumina for the aluminium industry. The company also mentions 'PURE' high purity alumina branding. BAI is developing SGAR Phase 2 as a future expansion.

Differentiator

Problem solved

Functional benefit

Products and services

  • Smelter Grade Alumina (SGA) High-purity alumina (Al2O3) produced at the SGAR facility in Mempawah, West Kalimantan, through the Bayer process of bauxite refining. Branded as PURE, the product is sold as feedstock for aluminum electrolytic smelting operations and serves both domestic Indonesian smelters and export markets. SGAR Phase 1 has a designed capacity of 1 million tons per year.

Companies that use Borneo Alumina Indonesia

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Borneo Alumina Indonesia technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Borneo Alumina Indonesia partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • Kementerian UMKM Republik Indonesia (KUMKM)coreStrategic or Co-development Partner · 1 December 2024PT BAI partnered with Indonesia's Ministry of Micro, Small, and Medium Enterprises to hold a Focus Group Discussion on developing mentored MSMEs. The partnership aims to elevate local businesses around the SGAR operation, with BAI having mentored 10 MSMEs achieving cumulative turnover exceeding 160 million IDR as of Q3 2024. The ministry seeks to use insights from this program to inform new policies supporting MSME development.
  • UPTD-LLK UKM Kabupaten MempawahminorImplementation/ SI/ Consulting Partner · 1 December 2024PT BAI collaborated with the Regional Technical Implementation Unit for Labor Market Training (UPTD-LLK) to deliver competency-based welder training to 16 local residents from villages surrounding the SGAR facility. The training, held in partnership with the local government training body, equips participants with nationally recognized welder certification.
  • MIND ID (Mining Industry Indonesia)coreStrategic or Co-development Partner · 1 November 2024MIND ID is the state-owned mining holding company that encompasses PT INALUM, PT ANTAM, and PT BAI. The holding orchestrates Indonesia's mineral downstream processing strategy, with the SGAR project being a flagship initiative under its portfolio to advance the country's position in the global aluminum supply chain.
  • PT Sinergi (MIND ID Group)minorStrategic or Co-development PartnerPT Sinergi, a member of the MIND ID group, partnered with PT BAI to distribute social assistance (sembako) to flood victims in Mempawah Regency as part of the group's collective CSR efforts. The collaboration demonstrates intra-group synergy in social responsibility activities.
  • Palang Merah Indonesia (PMI) Kabupaten MempawahminorOthersPT BAI conducts regular blood donation drives in partnership with PMI Kabupaten Mempawah, with activities held every 3 months at the company's clinic. The program has collected blood from 61 donors in a single session, with blood units distributed to hospitals for patients requiring surgeries, serious illness treatments, and accident victims.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Borneo Alumina Indonesia competitors and assessment

Company assessment

Direct peers

  • Aluminum Corporation of China (Chalco): China's largest state-owned alumina and primary aluminum producer, operating multiple large-scale alumina refineries via the Bayer process and supplying a vertically integrated aluminum value chain — directly comparable to PT BAI's alumina refining business model under state-aligned ownership.
  • Hindalco Industries (Aditya Birla Group): Indian integrated aluminum producer with significant captive alumina refining capacity (notably the Utkal refinery) that feeds primary aluminum smelting. Highly comparable to PT BAI as a Bayer-process alumina refiner supplying downstream smelters.
  • Vedanta Aluminium: Operates the Lanjigarh alumina refinery in India with multi-million-tonne capacity, feeding Vedanta's captive aluminum smelters. Matches PT BAI in process (Bayer), customer profile (captive smelters), and integrated structure.
  • South32 (Worsley Alumina): Joint venture operated by South32 running the Worsley alumina refinery in Australia, one of the largest integrated bauxite-to-alumina operations globally. Comparable in process technology, scale, and global alumina market participation.
  • China Hongqiao Group: World's largest aluminum producer with extensive captive alumina refining capacity in China and Indonesia. Highly comparable in vertically integrated alumina-plus-aluminum model and Asian market focus.
  • Emirates Global Aluminium (EGA): State-linked UAE producer combining alumina refining (Al Taweelah) with primary aluminum smelting as a strategic national champion. Highly comparable to PT BAI in state ownership, strategic national role, and integrated refining-plus-smelting model.
  • Norsk Hydro (Alunorte): Operates Alunorte, the world's largest alumina refinery in Brazil, supplying Hydro's global primary aluminum smelters. Comparable in Bayer-process operations, scale, and integrated value chain participation.
  • RUSAL: Russia-headquartered global aluminum and alumina producer operating large Bayer-process refineries across multiple geographies. Comparable as a vertically integrated, large-scale alumina refiner with diversified downstream smelting.

Broad incumbents

  • PT Indonesia Asahan Aluminium (INALUM): Parent company and primary off-take customer of PT BAI; operates Indonesia's only primary aluminum smelter at Kuala Tanjung. Comparable as Indonesia's broader state-owned aluminum value chain operator and MIND ID subsidiary.
  • PT Aneka Tambang (ANTAM): Mining-focused MIND ID subsidiary and co-developer of PT BAI; provides upstream bauxite and nickel resources. Comparable as a state-owned diversified miner in the same holding group with adjacent commodities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Borneo Alumina Indonesia social profiles

Digital presence

Borneo Alumina Indonesia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Borneo Alumina Indonesia leadership team

Management profile

Number of profiles

Profiles2 records

Borneo Alumina Indonesia funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Borneo Alumina Indonesia M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Borneo Alumina Indonesia

What does Borneo Alumina Indonesia do?

PT Borneo Alumina Indonesia (PT BAI) operates the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, processing bauxite ore into high-purity Smelter Grade Alumina (SGA) for use in aluminum electrolytic smelting. The SGAR Phase 1 facility has a designed capacity of 1 million tons per year and represents Indonesia's first large-scale domestic alumina refinery, supporting the national mineral downstream processing strategy (hilirisasi) and supplying both domestic and international aluminum industry customers.

Is Borneo Alumina Indonesia a public or private company?

Borneo Alumina Indonesia is a private company. It is classified as state government owned and is currently operating.

When was Borneo Alumina Indonesia founded?

Borneo Alumina Indonesia was founded in 2014. It employs 501 to 1,000 people.

Where is Borneo Alumina Indonesia based?

Borneo Alumina Indonesia is headquartered in Kalimantan, Indonesia, in the Asia region.

How does Borneo Alumina Indonesia make money?

One revenue line is on record: smelter Grade Alumina Sales.

Who are Borneo Alumina Indonesia's main competitors?

Direct peers on record are Aluminum Corporation of China (Chalco), Hindalco Industries (Aditya Birla Group), Vedanta Aluminium, South32 (Worsley Alumina), China Hongqiao Group, Emirates Global Aluminium (EGA), Norsk Hydro (Alunorte) and RUSAL. Broad incumbents are PT Indonesia Asahan Aluminium (INALUM) and PT Aneka Tambang (ANTAM).

Does Borneo Alumina Indonesia have an API?

No public API is recorded for Borneo Alumina Indonesia.

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Live signals
Shanghai Metals MarketIndonesia's Alumina Power Play: Leveraging Price and Policy to Redraw the Global MapIndonesian alumina FOB prices have fallen 55.48% year-on-year to $325 per metric ton as of October 2025, creating a $32.34 per ton price advantage over China's SMM Alumina Index, driven by new refining capacity and a global supply surplus. Three major expansion projects—PT Bintan Alumina Indonesia, PT Borneo Alumina Indonesia, and PT Borneo Alumindo Prima—are on track to add millions of tons of annual capacity in 2025, positioning Indonesia to shift from a raw bauxite exporter to a major refined alumina supplier. The combination of policy-driven downstreaming (bauxite export ban since 2023) and geographic proximity to Asian markets could fundamentally alter global alumina trade patterns and create sustained pressure on regional benchmarks.Shanghai Metals MarketIndonesia's Alumina Power Play: Leveraging Price and Policy to Redraw the Global MapIndonesia's alumina sector is positioning for significant export growth, with current FOB prices at $325 per metric ton representing a $32.34 discount to China's SMM Alumina Index of $357.34 and a 55.48% year-on-year decrease from October 2024's $730 per metric ton. Three major production expansions are underway—PT Bintan Alumina Indonesia adding 1 million tpa, PT Borneo Alumina Indonesia ramping up to full operational status, and PT Borneo Alumindo Prima constructing a 1 million tpa phase one facility—all expected to reach completion in 2025. The convergence of competitive pricing, increased production capacity, and Indonesia's downstream policy banning raw bauxite exports since 2023 could fundamentally reshape global alumina trade patterns and elevate Indonesia to major global exporter status.English.news.cnIndonesia launches alumina refinery smelter to boost industrial independenceIndonesian President Joko Widodo inaugurated the completion of phase 1 of an alumina refinery smelter in a 500-hectare integrated area in Mempawah regency, West Kalimantan, on Tuesday. Owned by PT Borneo Alumina Indonesia with partners PT Inalum and PT Antam, it cost 16 trillion rupiah (about $1 billion) and aims to end raw material exports. Indonesia currently imports 56 percent of its alumina, roughly 1.2 million tons annually.