Will Guinea be to bauxite what the Pilbara is to Iron Ore?
The global seaborne bauxite market needs a handful of projects to meet incremental demand requirements by 2030. Global seaborne bauxite demand is forecast to rise by 35Mtpa between 2015 and 2030. Moreover, another ~20Mtpa will be required to replace Malaysian production over the forecast period as the Malaysian reserve base becomes depleted with the result that total supply will need to rise by 55Mtpa. This insight follows our research visit to Guinea and inclusion of bauxite research in the Aluminium Markets Service Long Term Outlook.