Analysis of supply and demand trend of bauxite in China
Bauxite is in short supply relative to demand
On the one hand, China's bauxite resources are relatively poor compared with the huge amount of consumption. The global bauxite resources are abundant and distributed in more than 50 countries. Guinea and Australia account for about half of the world's bauxite resources. Comparatively speaking, China's bauxite resources are scarce, accounting for only 2.96%. Demand, nearly 40% of the world's alumina production capacity concentrated in China, which directly lead to China's bauxite resources difficult to cope with the increasing demand. In addition, with the rapid increase in domestic demand, the scale of China's bauxite development and utilization has been expanding, and the output of domestic bauxite has increased significantly. According to statistics, China has surpassed Brazil in 2009 as the world's second largest producer of bauxite. At present, China is using less than 3% of the world's reserves to produce about 17% of the world's bauxite. As a result of this trend, China's bauxite resources will be exhausted in the future.
On the other hand, China's bauxite grade is poor, under the same conditions do not have advantages. In China, bauxite is mainly diaspore type, and the quality of ore is poor, which directly results in the difficulty of processing. The combination method of high energy consumption is used in alumina production. Under the same conditions, Chinese enterprises tend to import high grade ore, alumina plant and the use of imported ore to reduce logistics costs, the future production of new projects will be concentrated in coastal areas especially in Guangxi, Liaoning, these areas can be directly connected downstream of the main producing areas of electrolytic aluminum.
For the alumina factory, with the domestic high grade bauxite resources gradually consumed, domestic ore alumina plant of new capacity delivery will be affected, especially strict and normalization in environmental supervision situation, future bauxite supply is likely to become the bottleneck of production capacity of domestic ore alumina plant increased. The use of imported ore production of alumina will be in the next 3 - 5 years gradually showing advantages. According to statistics, the future intends to import ore alumina production capacity reached 14 million tons of new investment (accounting for the current capacity of 18%), including the Fangchenggang aluminum alumina project, bosai mining of Yingkou port and Dalian Miao Yi alumina project group Jinzhou port alumina project. The 3 projects are expected to be put into operation in 2018 - 2019. Among them, the aluminum industry in Fangchenggang Aluminum Industrial Park project is scheduled for completion of alumina - aluminum smelting aluminum processing integration, demand will directly support in the alumina smelting aluminum smelter downstream, and Yingkou bosai port project of Jinzhou port project and Miao Yi alumina production is mainly used in electrolytic aluminum factory in Inner Mongolia and supply in Northwest china.
Overseas in the layout of some of the bauxite project
According to statistics, overseas, Australia's mining company, plans to start the second half of which is located in Queensland York west corner bauxite project, the project design annual production capacity of 1 million 600 thousand tons, the development of life in 7 - 10 years. The target output is 500 thousand tons this year, 1 million tons next year, and it is expected to reach 1 million 500 thousand tons in 2019. Bauxite three, two aluminum oxide, total content 54%, in which the effective aluminum 42 - 44%, full silicon 10 - 12%, reactive silicon 5 - 5.5%.
TBEA plan in Guinea mining Australia's Mining Group (BHP Billiton) left the original bauxite. The base was chosen in FRIA province. In order to transport bauxite, a deepwater port and other infrastructure projects are planned to be built.
Metro and Shandong signed a letter of intent in mining bauxite, since the beginning of April 2018, for a period of 3 years, 50 per year, 1 million tons of bauxite. In addition to this in the underwriting agreement, Metro and China letter group signed 4 years a total of 7 million tons of bauxite in the underwriting agreement.
Russian Aluminum FRIGUIA alumina plant restoration and reconstruction work smoothly, has now completed about 35%. The head of the Guinea branch of Rusal said that the construction of the FRIGUIA alumina plant will be completed in April 2018 and will produce an annual output capacity of 650 thousand tons of alumina.
Indonesian Di nano card mineral company will receive AL:50%, SI:3%, monthly production capacity of 70 thousand tons of high-grade bauxite, export quota 2 million 400 thousand tons, valid until July next year, reserves of 40 million tons
We should make full use of domestic and international resources and speed up scientific and technological progress
China is in the period of industrialization transition, and the demand for mineral resources is also high. If we want to complete the entire new stage of industrialization transformation, mineral resources as the most basic material support, China's mineral imports in a long time will be difficult to reduce substantially. Especially with the development of rail transportation in recent years, the demand for aluminum products has been in a high position in our country, which makes the import of bauxite increase year by year. Comprehensive analysis, at least before the completion of industrialization transformation, China's imports of mineral resources represented by bauxite will continue to rise, and the external dependence of its mineral resources will remain high.
The expected future can become China's bauxite import channels, long-term stable supply for the country: Australia, Guinea, Malaysia, India, Brazil, Garner; short-term stable supply country: Solomon, Montenegro, Vietnam, Fiji, Indonesia and other potential suppliers; expected: Guyana, Dominica, Sierra Leone, Jamaica, Laos and Madagascar.