Global bauxite production declined in 2018, but the volume will gradually recover in 2019 mainly from new mine projects in Guinea and Australia, as well as production increases in India and Indonesia.
Based on statistics, 12 new bauxite projects were from Australia, and estimated production in Australia will increase by 15% in 2019, higher than 4% increase in 2018.
Australia is the world's largest producer of bauxite, and the capacity accounted for 28.8% of the world in 2018.
As for Indonesia, from January to August 2018 the bauxite production increased by 533%. The market expected that from 2019 to 2028 Indonesian bauxite production will increase from 6.5 million tons to 11.6 million tons, an average annual increase of 8.1%.
On the other hand, Chinese bauxite production increased from current 70.1 million tons to 81.2 million tons in 2028, an average annual increase of 1.6%, significantly lower than 6.5% increase in the previous decade.
Regarding India, its bauxite production will also increase, and the government has approved relevant long-term policies to boost in 2018. It was estimated that Indian bauxite production will increase from 35.5 million tons this year to 50.7 million tons in 2028.
Guinea’s new bauxite project ranked second, with annual production increasing from 59 million tons in 2018 to 82.3 million tons in 2028.
Global bauxite supply to increase in 2019
9 May 2019 16:50 reported by Alston Tsai
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