⇒ The Global Bauxite and Alumina market is expected to grow over the next decade leading to more demand for bauxite
⇒ The Bauxite and Alumina are consumed for the manufacturing of aluminum, and are used in various product applications
⇒ On an average, approximately two tons of alumina produce one ton of aluminum through an electrolytic process
⇒ China is the leading consumer of bauxite and alumina and the leading producer of aluminum, and has the highest Bauxite and alumina market share and also exports the surplus amount.
⇒ Construction industries, developing economies, industrial growth, motor vehicle manufacturers have dominated the bauxite and alumina market share
⇒ Geographically, the Bauxite and Alumina market is segmented into the US, Europe, Japan, China, South East Asia, and Africa.
⇒ The world’s key players in the bauxite and alumina industry are CHALCO, CVG Bauxilum, BHP Billiton Group, Gencor, Hindalco Industries, Glencore International, Norsk Hydro ASA, National Aluminum, Rio Tinto Alcan and many others.
⇒ Currently, Sierra Leone’s supply of bauxite in the world market is below 1% with all its bauxite resource endowment.
⇒ Sierra Leone has more than 1.5 billion tonnes of bauxite resources, approximately more than 100 years’ worth of bauxite reserves
⇒ Sierra Leone has the potential of becoming a key player in the World bauxite and alumina production and marketing