Indonesia’s 900Kt aluminium goal’s reality check: 7 stalled refineries, 24Mt of lost bauxite demand
Indonesia is rich in bauxite. That is no news. It has been exporting bauxite to leading aluminium-producing countries for years. That is no news either. It imposed a ban on its bauxite export back in 2023. While that creates a whirl for a while, the world has re-strategised and found its bauxite (whether the deficit has been completely replenished or not, we will come to that later)! But a product export that once generated over USD 600 million for Indonesia is now running at nil. Au contraire, the nation’s alumina import (a product derived from bauxite and is further refined to produce aluminium) has peaked in the past two years (2023-2024).
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In contrast, alumina, the intermediate product refined from bauxite and required for smelting aluminium, has moved in the opposite direction. Indonesia’s alumina imports surged through 2023 and 2024, signalling a widening gap between domestic bauxite supply and domestic processing capability.
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Improvement of the effectiveness of making alumina by the Updated ILTD Process: alumina refineries in India as examples (Part 2)
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