Global bauxite production will increase in 2020


Publication time:

2023-10-13

The COVID-19 in 2020 had little impact on bauxite producers, mainly because Australia, Guinea and Brazil had not yet announced the closure of mines, and China's mining activities had recovered to the level before the crisis. Guinea is currently the world's second largest producer of bauxite, second only to Australia and China.

Global bauxite production will increase in 2020

The COVID-19 in 2020 had little impact on bauxite producers, mainly because Australia, Guinea and Brazil had not yet announced the closure of mines, and China's mining activities had recovered to the level before the crisis. Guinea is currently the world's second largest producer of bauxite, second only to Australia and China.

Guinea's bauxite mineral reserves in 2018 were 59.6 million tons. In 2019, it increased to 70.2 million tons. This is a huge challenge. Guinea is currently the world's largest exporter of bauxite with reserves of approximately 7.4 billion US dollars. It is estimated that the country's natural gas reserves are 250 million tons, accounting for 24.67% of global reserves. Guinea exported 70 million tons of bauxite in 2019, and its export volume is expected to increase by 10-15% in 2020. China's bauxite production is closely related to overseas mining investment. This Chinese aluminum factory is seeking to import bauxite from Australia and Guinea to replace the country's increasingly weak and inferior bauxite.

Therefore, according to current predictions, due to the fact that the main raw material bauxite is mainly imported, the overall production increase of China's alumina industry is limited, and China's alumina supply capacity will remain at the level of 2020.

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