Bauxite Market Revenue Trends and Dynamics by 2031 | Emirates Global Aluminium, Norsk Hydro, Rusal, Vale, South32

The Bauxite Market was valued at USD 16.5 billion in 2023 and is projected to reach USD 24.5 billion by 2033, growing at a CAGR of 4.1% from 2024 to 2033.

The increasing construction industry globally has driven demand for bauxite for production of cement. Therefore, major cement factories are providing contracts for its mining and supply. For instance, in September 2023, Adbri has awarded ABx Group a contract to provide 90,000-120,000t of bauxite to its cement factory in Birkenhead, South Australia, starting in early 2024 and continuing for five years. A "conservative" estimates of $5.4 million has been published by Business News regarding the contract's value. Bauxite from ABx Group's DL130 mining operation will be supplied. Three resources totaling 13.7 million Tons of bauxite reserves are under the project's control.

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Top Bauxite Market Companies

Alcoa, Rio Tinto, Emirates Global Aluminium, Norsk Hydro, Rusal, Vale, South32

Global Bauxite Market Segmentation:

Bauxite Market By Type

Raw Bauxite, Refined Bauxite, Calcined Bauxite

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Bauxite Market By Applications

Aluminum Production, Chemical Industry, Construction

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