Bauxite prices refer to the cost of bauxite ore — the primary raw material used to produce aluminum — usually quoted per tonne in global and regional markets. Bauxite itself is a naturally occurring rock composed mainly of aluminum oxide minerals. Because aluminum is a cornerstone of modern industry — used in cars, packaging, buildings, aircraft, and many everyday products — bauxite prices often follow real economic activity, industrial demand, and supply conditions rather than short-term speculation.