ZHENGZHOU, China : China, the world's top aluminium producer, should increase its domestic mining of the raw material bauxite to curb its rising reliance on foreign resources, an industry official said on Thursday."China's bauxite imports are highly concentrated in Guinea, Australia and Indonesia.
China's reliance on bauxite imports grew to 55 per cent in 2022, from 2.8 per cent in 2002, Meng's presentation showed.https://fingfx.thomsonreuters.com/gfx/ce/akpeqndqdpr/bauxite.png As well as procuring the raw materials, they are also trying to command the economic benefits of processing them, an area in which China has been dominant.
China's overseas alumina capacity is 5.65 million tonnes per year, with 10 million tonnes more planned in Guinea and a further 4 million tonnes in Indonesia.