bauxite

Guinea's bauxite exports reached a record 183 million tonnes, fueling China's aluminum industry and driving an 8.8% economic growth rate, the fastest in Africa. The boom positions Guinea as Africa's fastest-growing economy due to increased bauxite production and exports.

CPI(M) opposes the government's approval for mining in Agency areas, with party State secretary Srinivasa Rao expressing concerns that it will enable private companies to exploit valuable minerals like gold, beach sand, iron ore, and bauxite under the pretext of Ease-of-Doing Business.

Alcoa has acquired South32’s alumina and bauxite assets for $4.8 billion. The deal follows disruptions in the Middle East, which have driven up grey metal prices.

Brazil's largest bauxite producer, MRN, has received an Ibama license to expand mining operations in the Amazon and sustain aluminum production until 2041.

Guinea is increasing iron ore exports to China to support its 'green steel' production, diverting vessels typically used for bauxite shipments. This shift aims to capitalize on higher prices before seasonal rains disrupt operations, according to maritime research firm Ifchor Galbraiths.

Guinea possesses vast bauxite reserves, a key material for aluminum production, yet its citizens remain impoverished. The article questions who benefits from the country's bauxite wealth.

Guinea, the world's top bauxite producer, plans to introduce export controls in June. The country's poverty challenges are highlighted, with 43% of its population living on less than $1.25 a day.