The development of Global bauxite
Publish Time: 2021-01-12 Origin: Site
Global bauxite production is forecast to increase slightly by 0.1% to 344 million tonnes in 2020.
In April 2020, GlobalData reported that the Covid-19 outbreak had not had a major impact on bauxite miners, mainly because Australia, Guinea and Brazil had not announced mine closures at the time and mining activity in China had returned to pre-outbreak levels.
On August 20, 2020, Globadata reiterated global bauxite production in the report are not COVID - 19 outbreak caused by mining to temporarily shut down, at the same time to predict bauxite production will be increased by 0.1% in 2020 to reach 344 million tons, among them, 2020 Australian bauxite production will increase by 1.9% to reach 107 million tons, accounts for about a third of global output.
Guinea has become the world's second-largest producer of bauxite after Australia and China, according to the latest World Bank rankings.
Guinea's bauxite production rose from 59.6 million tons in 2018 to 70.2 million tons in 2019.
In 2018, China produced 68.4 million tons of bauxite, and production in 2019 remained flat from the previous year.However, while China's bauxite production has not increased since 2015, Guinea's has been growing.
Guinea's bauxite production levels will rival those of Australia, which produced more than 105 million tonnes in 2019, making it the world's largest supplier.
Guinea is by far the world's largest exporter of bauxite, with reserves of about 7.4 billion tonnes, or 24.67% of the world's total.
The companies currently mining bauxite in Guinea include Ying Union, Guinea Bauxite Corporation, Rusal, Guinea Alumina Corporation/UAE Global Aluminium, Chinalco, Arufa Mining, and dozens of others.
In 2019, Guinea exported 70 million tons of bauxite, and exports are expected to grow by 10-15% in 2020.
China's bauxite production is closely linked to overseas mining investment, according to the website. China's alumina refiners are seeking to import bauxite from Australia and Guinea to replace depleted and low-grade bauxite at home.
The historical price data of Shanxi bauxite show that the average price of bauxite remains at 78.97 USD/ton on January 1, 2020 and December 30, 2020.On March 5, 2020, the average price of bauxite was $80.31 / ton;In December 2020, the average price of bauxite was $79.12 / t.
Henan bauxite price data shows: January 1, 2020, solstice, December 30, the average price of bauxite is $75.43 / ton.