Bauxite Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030
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Bauxite Mining Market Report Overview
Bauxite production was estimated to be 421.5 million tonnes (Mt) in 2024, due to an increase in output from Guinea and Australia. Looking ahead, the bauxite mining market will garner a CAGR of more than 1% from 2024 to 2030 with significant contributions from Australia, India, China, and Ghana.
Bauxite Mining Market Outlook, 2024-2030 (Mt)
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The bauxite mining market research report contains an overview of the global bauxite mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by the company, major operating mines, competitive landscape, and major exploration and development projects.
Market Size in terms of Volume (2024) | 421.5 million tonnes (Mt) |
CAGR (2023-2026) | <1% |
Forecast Period | 2024-2030 |
Historic Period | 2010-2024 |
Key Countries (By Reserves) | · Guinea
· Vietnam · Australia · Brazil · Jamaica |
Active Mines | · Sangaredi Mine
· Weipa Mine · Boffa Bauxite Mine · Boddington Bauxite Mine · MRN Mine |
Development Projects | · Mbalam-Nabeba Iron Ore Project
· Labe Project · Minim Martap Project · Aurukun Project · Bon Ami Project |
Exploration Projects | · Koba-Koumbia Bauxite Project
· South Aurukun Project · Felicitas Project · Bolaven Plateau Bauxite Project · Karlapat-Pollingpadar Mine |
Leading Producers | · Rio Tinto
· Alcoa Corp · Aluminum Corporation of China Ltd · United Company RUSAL Plc · Norsk Hydro ASA |
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Bauxite Mining Market Drivers
Bauxite demand is primarily driven by Aluminum production, which is anticipated to increase due to rising demand in the transportation, building, and packaging industries. Furthermore, global Bauxite consumption will continue to increase, due to an expected increase in Aluminum demand from the Chinese automotive and manufacturing sectors. Guinea, Australia, China, Brazil, and India are the world’s top five producers of bauxite. Increasing demand from the automotive and construction sectors in emerging economies including India and China will support the bauxite mining market growth.
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Bauxite Mining Market Segmentation by Countries
According to the US Geological Survey (USGS), global bauxite reserves were 30 billion tonnes (Bt) as of January 2024. The key countries with significant bauxite reserves are Guinea, Vietnam, Australia, Brazil, and Jamaica among others.
Bauxite Mining Reserves Market Analysis by Countries, 2024 (%)
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Bauxite Mining Market – Key Assets
Active Mines – The key active bauxite mines are Sangaredi Mine, Weipa Mine, Boffa Bauxite Mine, Boddington Bauxite Mine, and MRN Mine among others.
Development Projects – The bauxite development projects are the Mbalam-Nabeba Iron Ore Project, Labe Project, Minim Martap Project, Aurukun Project, and Bon Ami Project among others.
Exploration Projects – The key bauxite exploration projects are the Koba-Koumbia Bauxite Project, South Aurukun Project, Felicitas Project, Bolaven Plateau Bauxite Project, and Karlapat-Pollingpadar Mine among others.
India, Australia, China, Guinea, and Indonesia account for the majority of operating bauxite mines. The Sangaredi mine, located in the Sangaredi commune of the Boke area of western Guinea, Africa, is one of Guinea’s largest bauxite mines and is globally significant for its production of high-quality bauxite ore.
Bauxite Mining Market Analysis by Active Mine Reserves, 2024 (%)
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Bauxite Mining Market – Competitive Landscape
The leading bauxite-producing companies are:
- Rio Tinto
- Alcoa Corp
- Aluminum Corporation of China Ltd
- United Company RUSAL Plc
- Norsk Hydro ASA
In 2023, Rio Tinto dominated the bauxite mining market share, followed by Alcoa and Aluminum Corporation of China Ltd respectively in terms of production.
Rio Tinto: Rio Tinto is the world’s largest bauxite producer. Rio Tinto owns and operates two mines in Australia, including the Weipa and Gove open-pit operations. On 30 November 2023, Rio Tinto completed an acquisition of Companhia Brasileira de Alumínio’s 10% equity in the Mineracão Rio do Norte bauxite mine (MRN) in Brazil, raising its stake from 12% to 22%. This strategic acquisition will strengthen its position in the bauxite mining market during the projected period.
Bauxite Mining Market Analysis by Companies, 2023 (%)
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Key Segments Covered in this Report
Bauxite Mining Market Country Outlook (Volume, Million Tonnes, 2010-2030)
- Guinea
- Vietnam
- Australia
- Brazil
- Jamaica
- Others
Scope
The report contains an overview of the global bauxite mining industry including key demand driving factors affecting the global bauxite mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration, and development projects.
Reasons to Buy
- To gain an understanding of the global bauxite mining industry, relevant driving factors
- To understand historical and forecast trends in global bauxite production
- To identify key players in the global bauxite mining industry
- To identify major active, exploration and development projects by region
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Frequently asked questions
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What was the Bauxite mining market size in 2024?
The bauxite mining market production was estimated at 421.5 million tonnes (Mt) in 2024.
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What will be the estimated Bauxite mining market growth rate from 2024 to 2030?
The bauxite production is expected to grow at a CAGR of less than 1% from 2024 to 2030.
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Which are the leading countries in terms of Bauxite reserves in 2024?
Guinea is the leading country with the highest Bauxite reserves in 2024.
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Which active mine held the largest Bauxite reserve count in 2024?
The Sangaredi mine, located in the Sangaredi commune of the Boke area of western Guinea, Africa, is one of Guinea’s largest bauxite mines in 2024.
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Which are the leading producers in the Bauxite mining market?
The leading bauxite producers are Rio Tinto, Alcoa Corp, Aluminum Corporation of China Ltd, United Company RUSAL Plc, and Norsk Hydro ASA.
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