As the global demand for aluminium continues to surge, Vietnam is stepping up as a vital player in the supply chain. With its rich bauxite reserves and increasing production capabilities, the country is becoming an attractive hub for investors and manufacturers looking for reliable and cost-effective sources of this lightweight metal. As the competition for aluminium supply heats up, Vietnam's emerging role in transforming trade flows in the aluminium market is certainly catching the industry's eye.
Bauxite reserves and subsequent mining developments
Vietnam, boasting an impressive 5.8 billion tonnes of bauxite in 2024, as per the data of the USGS. The country ranks as the second-largest holder of bauxite in the world, right after Guinea. These reserves, mainly found in the Central Highlands, especially in Dak Nong Province, are setting the stage for the country to become a key player in alumina and aluminium production, enhancing its role in the global supply chain.
Vietnam's bauxite production is on a steady rise, climbing from 3.92 million tonnes in 2023 to an estimated 4.2 million tonnes in 2024. While this growth may seem modest, it solidifies the country's role as a significant player in the global bauxite market, supported by impressive reserves of 3.1 billion tonnes. As the demand for aluminium continues to grow worldwide, Vietnam's reliable output and abundant resources are drawing the interest of investors and aluminium producers seeking dependable supply options.
Investments & future plans for more bauxite
Vietnam’s Đắk Nông Province, a significant player in the bauxite industry, with an impressive USD 8 billion in investments earmarked for mining and processing, plans are in motion for four new factories. These factories will tap into reserves that span 2,396 square kilometres, which is enough to keep operations running for over 700 years. Local authorities are emphasising strategic planning to make the most of these opportunities and drive economic growth.
Guangxi Investment Group is diving into bauxite mining and aluminum processing partnerships in Vietnam's Cao Bang province. The group will utilise cutting-edge technologies, including a system that cuts red mud discharge by 30 per cent, to boost sustainability efforts. Officials in Cao Bang are welcoming joint ventures or partnerships that bring in both capital and technical expertise, highlighting the importance of thorough exploration to tackle challenges in assessing ore reserves.
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