Bauxite and Alumina Market
Bauxite market is further growing as limited resources of China are slowly drying up and more and more alumina refineries are dependent on import of bauxite.
Leading bauxite exporting countries are Guinea, Australia, Brazil, Sierra Leone, Indonesia and Malaysia.
Some of the Indian, European and other alumina refineries of world are also importing bauxite, however, quantity is much less compared to Chinese import. Bauxite cost component of alumina production costs is determined by 3 variables:
- Mined cost or procurement price of bauxite
- Transportation cost from mine to refinery
- Bauxite to alumina conversion cost, mainly determined by available alumina, reactive silica and level of impurities in the bauxite.