Production of Bauxite in China reached 91,384.48 thousand tonnes in 2024
Production grew by a CAGR of 0.51% between 2021 to 2024,and is expected to grow by...
GlobalData projects the production to grow at a CAGR of...
Impact of COVID-19 on Global bauxite mining
Global bauxite production grew by a significant percentage in 2020, supported by higher production from the world’s second-largest producer, Guinea, with an increase in production in 2020. Meanwhile, production from Brazil and Indonesia was reported to have increased. These helped to offset lower output in Australia, where production fell by a significant margin.
The largest bauxite producing companies are Rio Tinto, Alcoa, and Norsk Hydro, which collectively produced majority of bauxite in 2020. Rio Tinto is the largest producer in 2020, mainly due to the ramp-up from the CBG mine expansion in Guinea, stable performance from the Pacific mine and additional volume from the start-up of the Amrun mine at the end of 2019.
Global bauxite production
Despite the COVID-19 pandemic, global bauxite production was estimated to have grown in 2020. Growth was mainly supported by higher output from Guinea, which is the world’s second-largest bauxite producer, after Australia in 2020. Guinea’s output was estimated to have increased in 2020. This growth was mainly supported by the start of Boffa Bauxite mine in 2020 and the production ramp-up from the Guinea Alumina Corporation (GAC) mine, which is owned by Emirates Global Aluminium (EGA) and began operations in 2019.
Demand of bauxite from China’s construction industry
Construction is a key end use market for aluminum, with China, as the largest market accounting for a significant share in the global construction market. Beijing, Shanghai, Jiangsu, Hubei and Guangdong contribute a significant margin in the country’s total construction output by value, and increasing numbers of construction and infrastructure projects have been driving demand for iron ore in China.
China’s construction output value is expected in 2021, supported by an increase in the number of construction projects. In February 2021, the National Development and Reform Commission (NDRC) approved the Zhongchuan International Airport phase III expansion project, which will be carried out under three phases.
Global bauxite producers
Rio Tinto, the largest bauxite producer in the world, mainly driven by the ramp-up from the CBG mine expansion in Guinea, along with stable performance from the Pacific mine and additional volume from the start-up of Amrun mine during the end of 2019. Besides bauxite, the company also produces iron ore, copper, diamonds, gold and uranium, as well as industrial minerals such as borax, titanium and salt. It operates port and rail facilities, smelters, refineries, processing plants, shipping, commercial and research facilities.
The company wholly owns or has stakes in eight active bauxite mines: the Sangaredi mine in Guinea, the Al Baitha mine in Saudi Arabia, the Huntly and Willowdale mines in Australia and the MRN, Juruti Bauxite, Pocos de Caldas and Jabuti mines in Brazil. It produces aluminum ingot, including billet and slab, aluminum derivatives, aluminum powder, specialty alumina and aluminum sheets and plates.
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