Product
Bauxite Price Trend and Forecast
Bauxite Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Bauxite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Bauxite Price Trend for the H1 of 2023
Asia
The bauxite market in the first and second quarters of 2023 fluctuated in the Asia-Pacific region as trading activities slumped due to the onset of the Chinese New Year holiday season. The slow movement of the market led to the rise in the level of inventories and accumulation of the product in the market. The manufacturers also struggled with the decrease in demand from the associated aluminum industries and the electronics market. A slight incline in the later months was seen as the high-priced imports from international markets flooded the region.
Europe
A mixed price trend for bauxite was observed in the first two quarters of 2023. The region was adversely affected by the volatility in the supply chains and inconsistent purchasing of consumers. Sanctions on the supply of metal from Russia and the reduction in domestic production rates negatively impacted the bauxite prices. However, towards the end of the first quarter and in the second quarter, the price trend inclined as it gained support from overseas buyers and an increased number of inquiries from traders and refiners.
North America
In North America, the bauxite prices declined in the initial months of the first quarter of 2023 as the market had sufficient availability of products. But in the subsequent months of the first and throughout the second quarter, the market gained momentum as soon the level of inventories depleted, and the levels of extraction declined.
Analyst Insight
According to Procurement Resource, the price trend of Bauxite is estimated to showcase a volatile trend. The demand from end-user industries and the level of inventories in the market will guide the bauxite market in the upcoming quarter.
Procurement Resource provides latest prices of Bauxite. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Bauxite is a sedimentary rock composed primarily of aluminum oxide minerals, like gibbsite, boehmite, and diaspore, along with various impurities. It is the primary source of aluminum metal and extensively mined worldwide. Through the Bayer process, bauxite is refined to extract alumina, which is then smelted to produce aluminum.
This lightweight and corrosion-resistant metal finds numerous applications in industries such as aerospace, transportation, construction, and packaging. Bauxite is also used to manufacture refractories, abrasives, and chemicals. Despite its industrial significance, bauxite mining and processing can have environmental challenges, requiring sustainable practices to mitigate impacts.
Product Details
| Report Features | Details |
| Product Name | Bauxite |
| Chemical Formula | Al2O3.2H2O |
| CAS Number | 1318-16-7 |
| Molecular weight | 119.977 g/mol |
| Industrial Uses | Aluminium production, Refining, Refractories, Cement, Abrasives |
| HS Code | 26060020 |
| Supplier Database | Alcoa Corporation, Aluminium Corporation of China Limited, Norsk Hydro ASA, NALCO India, Hindalco Industries Ltd, Emirates Global Aluminium PJSC |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
The ore is first washed and then crushed into smaller parts. These particles are then mixed with used liquor to create a slurry that is simple to pump. Desilication, which takes the silica out of the content, follows the procedure. After that, the mineral mixture is added to a tank containing caustic soda, which will react with the mixture to produce sodium aluminate and other materials.
Alumina would then precipitate on the solution as the final product is allowed to age. The alumina is next cleaned, refined, and calcined to remove any remaining impurities before being sent for smelting to produce aluminum metal.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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