Global Bauxite Market Trends
Demand for bauxite is primarily driven by aluminium production, which is poised to grow due to increasing consumption by the transportation, construction and packaging industries.
Mining Technology monitors the global bauxite market by tracking bauxite ore prices and worldwide bauxite production, consumption and export and import trends. The performance of bauxite mining companies and major bauxite mines around the globe is also tracked to study the bauxite production trends.
Global bauxite output grew by 1.2% to 359.2 million tonnes (Mt) despite the COVID-19 pandemic in 2020. Bauxite production is expected to further increase to reach 406.7Mt by 2025, according to GlobalData’s estimates.