China Is Highly Reliant On Imported Bauxite, While Dependence On Imported Alumina Is Decreasing

Published: Oct 31, 2023 15:50

Source: SMM

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Wang Rui, Deputy Director of Industrial Research Department & Industrial Finance Division of Xiangyu Financial Holdings Group, shared his views and insights about the entire aluminum industry chain, covering bauxite, alumina, aluminum and aluminum semis. Below are some of his key viewpoints.

Bauxite: China’s reliance on imported bauxite is close to 70%. China’s bauxite reserves are low and grade is low.

Alumina: Import dependence is gradually decreasing; export volume has grown significantly amid geopolitical conflicts

Aluminum: supply gap combined with geopolitical conflicts drove import volume to increase significantly.

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