Industry Analysis & Industry Trends
China is relatively poor in bauxite ore reserves and resources. China's total bauxite ore exploration accounts for less than 10% of the global total. In addition, nearly 80% of domestic bauxite resources contain low-content ratios, resulting in poor competitiveness on the global market. With China's rapid economic development and domestic bauxite supply shortages, China has been importing large amounts of bauxite since 2003.
Due to the global recession, the world aluminum market has been highly volatile. Aluminum prices dropped sharply in the second half of 2008 and remained at relatively low levels during 2009. With a recovery in the global economy in 2010 and 2011, aluminum and bauxite prices increased again. Fluctuations in the aluminum market were reflected in this industry.... purchase to read more
Industry Report - Industry Products Chapter
The only product category within this industry is aluminum ore and concentrate, which is mostly supplied to aluminum electrolysis enterprises and refractory material manufacturers. Consumption by aluminum electrolysis enterprises accounts for nearly 90% of the industry's total output.
In recent years, bauxite has also been commonly used in high alumina cement... purchase to read more