Guinea Aims for 5 Alumina Refineries, 7-8M mt/year Capacity by 2030 Under Simandou 2040 Strategy

Published: Oct 16, 2026 09:55 (GMT+8)

Save

[SMM Aluminum Express News] Guinea targets five operational alumina refineries and 7–8 million mt/year of capacity by 2030. Guinea plans to have five operational alumina refineries by 2030, with three projects already under construction, according to Daouda Diakité, Senior Adviser to Guinea's Minister of Mines and Geology, speaking at African Mining Week 2026 in Cape Town on October 14. The target forms part of the country's Simandou 2040 strategy, which aims to increase domestic mineral processing and reduce reliance on raw-material exports. Guinea is targeting 7–8 million mt/year of alumina production capacity by 2030, supported by additional investment in power generation and industrial infrastructure. The planned expansion could significantly increase Guinea's domestic bauxite consumption and establish the country as a larger supplier of refined alumina to the international market. However, the 7–8 million mt/year figure remains a government target rather than confirmed operational capacity, with project completion dependent on financing, construction progress and supporting energy infrastructure.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

30 mins ago

Aluminum Prices Low; SHFE Aluminum Spot Premiums Hit New Annual High [SMM Spot Aluminum Midday Review]

30 mins ago

1 hour ago

China's Aluminum Downstream Operating Rates Rebound on October 15

[SMM Weekly Survey of Aluminum Downstream] Operating rates at China's leading downstream aluminum processors averaged 61.7% this week, up 1.2 percentage points from last week, as post-holiday restarts and a backlog of orders cleared during the National Day break lifted activity across most sectors. Secondary aluminum and aluminum wire & cable posted the biggest gains, up 6.5 and 1.0 percentage points respectively; extrusion rose 0.3 percentage points; primary alloy and foil held flat; plate, sheet & strip slipped 0.2 percentage points. Post-holiday restarts and softer prices lifted the headline rate, but underlying demand has yet to turn and divergence across sectors is likely to continue.

1 hour ago

US Fed Rate Hike Expectations Rise, Destocking Validates Consumption Resilience, Aluminum Prices Consolidate on a Subdued Note [SMM Aluminum Morning Meeting Minutes]

[Expectations for US Fed rate hikes intensify; destocking validates consumption resilience, aluminum prices consolidate on a subdued note] On the macro front, rising expectations for US Fed rate hikes, a strong US dollar, and elevated US Treasury yields continue to weigh on valuations of nonferrous metals. On the fundamentals side, production resumptions and new capacity ramp-ups outside China continue to suppress near-term futures sentiment. Aluminum prices are expected to consolidate on a subdued note in the short term.

1 hour ago