Worldwide bauxite production to reach 406.7 million tonnes by 2025: GlobalData

The primary source of aluminium production, bauxite gained its output by 1.2% in 2020, from the previous year to 371 million tonnes, as per the latest report by GlobalData.

The London headquartered data analytics and consulting company GlobalData, a gold standard data provider to the world's largest industries stated that this growth was majorly braced by higher output from the second-largest producer of the world and leading exporter, Guinea with an estimated 25.1% surge.

Simultaneously, GlobalData appended that bauxite production from the world’s largest producer, Australia dipped by 1.2% over the previous year.

Global mining giant Rio Tinto ranked as the largest producer, with an output of 56.1 million tonnes in 2020,  rise by 2% from 2019, largely due to the ramp-up from the CBG mine expansion in Guinea, steady delivery from the Pacific mine and supplementary volume from the start-up of the Amrun bauxite mine at the end of 2019.

GlobalData anticipates that the global bauxite production to climb 406.7 million tonnes by 2025, growing at a CAGR of 2.2% during 2021-2025.

The report further illustrated that Guinea, Australia and Indonesia were the world’s leading suppliers of bauxite, with a consolidated export volume of 141.5 million tonnes in 2020, while comparing to 118.9Mt in 2019.

The data analytics company also confirmed that in terms of imports, China took the peak position and remained as the world’s largest importer with101.6 million tonnes in 2020, up by 0.9% over the preceding year.