Aluminum Ore Mining in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
0916Revenue
$7.0bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
21,892
Businesses
67
Wages
$XXX.Xm
Aluminum Ore Mining in China industry analysis
China's Aluminum Ore Mining industry's revenue is expected to increase an annualized 0.4% to $7.0 billion over the five years through to 2023, including 1.7% in 2023 alone when profit margins will increase to 8.4%. Slowdowns across downstream industries in China have limited industry revenue growth over the past five years. However, China remains the largest producer and consumer of aluminum globally, supporting local demand for aluminum ore. China's economy grew steadily in 2021, benefiting from its COVID-19 pandemic prevention and control, supporting Aluminium Ore Mining industry demand. Market demand for alumina has increased. Factors like tight aluminum ore supply, rising sea freight rates caused by fluctuations in international crude oil prices, domestic environmental protection policies led to rising bauxite prices in China. Industry revenue increased to $6.8 billion, up 1.1% from 2020. In 2022, domestic aluminum ore mining was badly affected, mainly due to the COVID-19 pandemic outbreak. In addition, the COVID-19 pandemic blocked aluminum ore transportation in Henan province. In the next five years, under the assistance of industry policies like the 14th Five-Year Plan for the Development of Raw Materials Industry and the integrated and innovative development of the Ministry of Industry and Information Technology's 5G+ Industrial Internet project, it is expected that product structures will improve and downstream industries' demand will keep growing. Industry revenue is anticipated to rise an annualized 1.5% over the five years through 2028, to reach $7.6 billion. Profit margins will inch up to 8.6% in 2028.
Trends and Insights
- Aluminum has a wide range of applications. China’s GDP growth and steady downstream industry development supports aluminum ore mining growth in China.
- Aluminum ore and concentrate (bauxite) are the only products. The majority of bauxite can be used to produce alumina which is then smelted into electrolytic aluminum for downstream use.
- Guangxi province hosts China’s largest aluminum ore reserves. China’s highly developed alumina industry demands a significant amount of bauxite.
- Firms that own bauxite mines usually also own alumina refineries. Bauxite producers in the local market do not engage in direct price competition.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $7.0bn in 2024.
Trends and Insights
The industry benefits from downstream industries' steady development
- The industry revenue has grown at a CAGR of 0.4% over the past five years mainly due to the development of downstream aluminum-consuming industries, like transportation equipment manufacturing, electrical appliance manufacturing and new infrastructure benefits.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Market demand for high-quality aluminum is expected to grow gradually
- In December 2021, the 14th Five-Year Plan for the Development of Raw Materials Industry was issued. According to this plan, with development of technology and upgrading of consumption, the whole society will continually put forward new demands for non-ferrous metal materials of high-end quality including aluminum, providing a broad space for sustainable and healthy development of the industry.
Biggest companies in the Aluminum Ore Mining in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Aluminum Ore Mining in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Aluminum ore and concentrate, Other and Other. Aluminum ore and concentrate is the largest segment of the Aluminum Ore Mining in China.
Trends and Insights
Aluminum ore and concentrate, or bauxite, are the only products in the industry
- Aluminum ore and concentrate refers to the industrial use of value, with gibbsite, boehmite or a boehmite as the main mineral composition of the ore collectively.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Coal Mining in China
- Iron Ore Mining in China
- Copper Ore Mining in China
International industries
- Molybdenum & Metal Ore Mining in the US
- Uranium & Metal Ore Mining
- Bauxite Mining in Australia
Table of Contents
About this industry
Industry definition
The Aluminum Ore Mining industry in China consists of enterprises that mine bauxite, the principal ore of aluminum, and process raw materials like washing and ore dressing. More than 90% of bauxite is further processed into alumina, with the remainder used as refractory materials, abrasive materials and raw materials for high-alumina cement. The four main types of bauxite are karst accumulation bauxite, lateritic bauxite, sedimentary bauxite and aluminum concentrate.
What's included in this industry?
Aluminum ore and concentrateCompanies
Purchase this report to view all major companies in this industry.
Related Terms
BAUXITENONFERROUS METALSSMELTINGPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Aluminum has a wide range of applications. China’s GDP growth and steady downstream industry development supports aluminum ore mining growth in China.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Aluminum ore and concentrate (bauxite) are the only products. The majority of bauxite can be used to produce alumina which is then smelted into electrolytic aluminum for down...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Guangxi province hosts China’s largest aluminum ore reserves. China’s highly developed alumina industry demands a significant amount of bauxite.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Firms that own bauxite mines usually also own alumina refineries. Bauxite producers in the local market do not engage in direct price competition.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Large companies usually have their own refineries. Control of their own bauxite resources allows them to guarantee steady smelting business inputs, reducing total production ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Downstream aluminum prices affect bauxite prices and the industry’s performance. Higher aluminum prices incentivize aluminum ore mining enterprises to increase their output.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profitability largely depends on China's aluminum market performance. Industry profits has risen in recent years, mainly due to small domestic bauxite supply and the...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Aluminum Ore Mining industry in China in 2024?
The market size of the Aluminum Ore Mining industry in China is $7.0bn in 2024.
How many businesses are there in the Aluminum Ore Mining in China industry in 2024?
There are 67 businesses in the Aluminum Ore Mining industry in China, which has declined at a CAGR of 0.3 % between 2019 and 2024.
Has the Aluminum Ore Mining industry in China grown or declined over the past 5 years?
The market size of the Aluminum Ore Mining industry in China has been growing at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Aluminum Ore Mining industry in China over the next 5 years?
Over the next five years, the Aluminum Ore Mining industry in China is expected to grow.
What does the Aluminum Ore Mining in China include?
Aluminum ore and concentrate and are part of the Aluminum Ore Mining industry.
How competitive is the Aluminum Ore Mining industry in China?
The level of competition is low and steady in the Aluminum Ore Mining industry in China.
