Data suggests steady growth ahead for global bauxite mining industry through 2020

Bauxite is slated to become one of the most in-demand mineral ore traded worldwide.  The principal ore of aluminium, bauxite is majorly found in the tropical and sub-tropical regions such as Australia, Africa, South America, West Indies, India, China and some parts of Europe (in small quantity). A recent market study by Digital Journal suggests that North America has the largest market share for bauxite mining owing to the high aluminium demand in the region.

The global bauxite mining market is predicted to register a steady growth by 2020. According to the report, after North America, Europe and Asia Pacific will be the largest demand boosters.

North America will continue to dominate the market over the forecasted period. Europe will witness a marginal growth.

The highest growth rates will be registered by the Asia Pacific regions due to increasing domestic demand for aluminium in the automobile industries in the fast emerging markets of China, India, and Japan, the report said.

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Growth in the entire transportation sector such as aerospace, marine, locomotives and other commercial vehicles has also been identified as a key growth driver of the global bauxite mining demand.

Owning to the considerable traction down the aluminium value chain the rate of flow of capital in bauxite mining business will increase.

Some of the companies that will dominate the market through 2020 are Aluminum Corporation of China Limited, Access Industries, Halco Mining, Tajik Aluminium Company, Mitsubishi Aluminum Co., Ltd., Queensland Alumina Limited, Nippon Light Metal Company, Ltd., Australian Bauxite Limited, Iranian Aluminium Company and Alumina Limited.