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陶瓷

市場調查報告書

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1401297

全球鋁土礦市場 - 2023-2030

Global Bauxite Market - 2023-2030

出版日期: 2023年12月29日 | 出版商:

DataM Intelligence | 英文 183 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2022年全球鋁土礦市場規模達148億美元，預計2030年將達197億美元，2023-2030年預測期間CAGR為3.7%。

全球鋁土礦市場是鋁業的核心組成部分，主導著這種多用途金屬的重要供應鏈。它的重要性來自於它在許多不同行業的用途，以及它是氧化鋁（鋁的前驅物）的主要成分。市場的複雜動態是品質變化、永續性問題、地理豐富性和世界經濟變化等因素綜合作用的結果。

澳洲和幾內亞擁有大量不同品位的鋁土礦儲量，在市場上佔據主導地位。幾內亞的崛起很大程度上歸功於其高品位儲量，這些儲量吸引了大量投資並使該地區成為主要參與者。

例如，根據美國地質調查局 (USGS) 的數據，幾內亞發現了世界上最大的鋁土礦儲量。幾內亞擁有約 70 億噸基性鋁土礦儲量，佔全球儲量的 24%。澳洲以58.4億噸儲量位居第二，佔全球儲量的20%。因此，這兩個市場佔全球鋁土礦儲量的大部分。

動力學

新興經濟體的產量不斷成長

幾內亞擁有大量優質鋁土礦資源，引起了全球鋁市場主要參與者的興趣和大量投資。由於其純度，這些儲量在鋁製造中受到高度追捧。近年來，幾內亞產能穩定提升。該國打算透過持續投資採礦和基礎設施項目，大幅增加鋁土礦產量，以滿足世界對鋁日益成長的需求。

幾內亞作為鋁土礦重要生產國的崛起擴大了全球供應鏈。透過增加產量，它為生產鋁土礦的已開發國家提供了替代品，減少了對某些地區鋁土礦供應的依賴。

全球鋁土礦市場受到幾內亞等發展中國家產能增加及鋁土礦開採成長的顯著影響。這些因素透過增加供應、提供高品質礦床和塑造全球鋁製造趨勢來為市場做出貢獻。幾內亞的崛起凸顯了其對不斷變化的世界鋁土礦市場動態的重大影響。因此，全球鋁土礦產量的 21.7%（即 8,500 萬噸的鋁土礦產量）是在幾內亞生產。

擴大大規模供應的合作夥伴關係

透過鋁土礦生產商和購買者之間的合作夥伴關係，特別是長期供應協議，確保原料的持續和可靠的流動。供應連續性透過降低與可用性變化相關的不確定性來幫助生產鋁的過程。協同工作可以更輕鬆地確保鋁土礦供應的品質和數量。客戶可信賴符合嚴格品質要求的可靠交付，確保高效率的生產程序。

透過與多個消費者或最終用戶合作，鋁土礦生產商可以擴大其市場範圍並減少對任何特定市場或買家的依賴。多元化方法有助於收入最大化和最佳化銷售管道。例如，2023 年 10 月，奧裡薩邦礦業公司和 Hindalco Industries Ltd. 宣布了一項鋁土礦礦石長期供應協議。該公司計劃為其位於奧裡薩邦 Rayagada 區 Kansariguda 的 200 萬噸氧化鋁精煉廠和 150 兆瓦自備發電廠採購鋁土礦。

鋁土礦作業數量不斷增加

鋁土礦作業數量的增加顯示供應能力的增加。產能的增加正在解決對鋁不斷成長的需求，這為滿足全球對這種適應性金屬不斷成長的需求提供了充足的機會。

此外，鋁土礦供應的多樣性大大降低了風險因素。分佈在不同地區的眾多營運地點減少了對特定礦場或國家的依賴，從而降低了因後勤挑戰或政治不穩定而導致供應鏈中斷的可能性。這種多樣性的結果是供應穩定性的提高，這是穩定和連續的鋁生產所必需的。

例如，2023年12月，力拓批准新建12.4MW太陽能發電場和8.8MVa/2.1MWh電池存儲，為昆士蘭州韋帕地區的Amrun鋁土礦廠提供再生能源。力拓的全球脫碳策略以及降低其太平洋鋁土礦、氧化鋁和鋁業務排放的持續努力，包括 12.4 兆瓦太陽能發電廠和電池儲存。

原物料價格波動

鋁土礦開採和加工涉及的業務依賴多種原料，包括能源、化學品和設備，所有這些資源的價格都有波動。這些投入成本的突然增加可能會推高生產成本並降低鋁土礦公司的利潤率。鋁土礦業務的成本結構受到原料成本波動的影響，這使得企業難以準確預測和控制生產費用。

原物料價格的不確定性和波動可能會導致考慮擴張的公司或投資者猶豫不決。由於成本的不確定性，新項目的投資或現有鋁土礦業務的擴張可能會受到阻礙，這將限制市場的成長。

The global bauxite market is a core component of the aluminum industry, directing the essential supply chain for this multipurpose metal. The significance of it comes from its use in many different industries and from being the main component of alumina, which is the precursor to aluminum. The complex dynamics of the market are a result of a combination of factors such as quality variations, sustainability concerns, geographic abundance and shifts in the world economy.

With their large reserves of bauxite in various grades, Australia and Guinea dominate the market. Guinea's rise is largely attributable to its high-grade reserves, which have drawn significant investments and established the area as a key participant.

For instance, as per U.S. Geological Survey (USGS), the world's biggest reserves of bauxite are found in Guinea. Guinea has around 7 billion Tons of basic bauxite deposits or 24% of global reserves. Australia ranks second with 5.84 billion Tons of reserves or 20% of the world's total. Therefore, the both market place accounts for the majority of the global bauxite reserves.

Dynamics

Growing production in the Emerging Economies

Guinea has large, high-quality bauxite resources that generate interest and significant investments from major participants in the global aluminum market. The reserves are highly sought after for the manufacturing of aluminum because to their purity. In recent years, Guinea has increased its production capacity steadily. The country intends to greatly increase its bauxite output in order to fulfil the growing demand for aluminum in the world by continuing investments in mining and infrastructural projects.

The rise of Guinea as a significant producer of bauxite expands the global supply chain. By increasing its output, it offers a substitute for established nations that produce bauxite, lessening reliance on certain areas for bauxite supplies.

The global bauxite market is significantly influenced by the increasing production capacity and the growth of bauxite mining in developing nations such as Guinea. The factors contribute to the market by increasing supply, offering high-quality deposits and shaping global trends in aluminum manufacturing. Guinea's rise to significance emphasizes its significant impact on the constantly changing dynamics of the world bauxite market. Thus, 21.7% of the global bauxite production or 85 million Tons of bauxite in volume, is produced in Guinea.

Growing Partnerships for Large Scale Supplies

A consistent and dependable flow of raw materials is ensured via partnerships between bauxite producers and purchasers, particularly long-term supply agreements. The supply continuity helps the processes involved in producing aluminum by lowering uncertainty associated with availability changes. Working collaboratively makes it easier to ensure the supply of bauxite in terms of both quality and quantity. Customers can rely on reliable deliveries that adhere to strict quality requirements, ensuring efficient production procedures.

By partnering with several consumers or end-users, bauxite producers can expand their market reach and lessen their reliance on any particular market or buyer. The diversification approach helps to maximize income and optimize sales channels. For instance, in October 2023, the Odisha Mining Corporation and Hindalco Industries Ltd. have announced a long-term supply agreement for bauxite ore. For its projected 2-million-ton alumina refinery and 150-MW captive power plant in Kansariguda, Rayagada district, Odisha, the company intends to source bauxite ore.

Increasing Number of Bauxite Operations

An increase in the number of bauxite operations indicates an increase in supply capacity. The increasing demand for aluminum is being addressed by this increase in production capacity, which offers plenty of chances to meet the growing demand for this adaptable metal globally.

Moreover, risk factors are greatly reduced by the variety of bauxite supplies. Numerous operational sites spread throughout various geographies reduce reliance on particular mines or nations, reducing susceptibility to supply chain disruptions caused by logistical challenges or political instability. Increased supply stability, which is necessary for steady and continuous aluminum production, is a result of this diversity.

For instance, in December 2023, a new 12.4MW solar farm and 8.8MVa/2.1MWh of battery storage have been approved by Rio Tinto to supply renewable energy to the Amrun bauxite plant in the Queensland region of Weipa. Rio Tinto's global decarbonization strategy and continuous efforts to lower emissions at its Pacific bauxite, alumina and aluminum operations include the 12.4 MW solar farm and battery storage.

Fluctuating Raw Material Prices

Operations involved in the mining and processing of bauxite depend on a number of raw resources, including energy sources, chemicals and equipment, all of which have fluctuating prices. A sudden increase in the cost of these inputs might drive up production costs and lower bauxite companies' profit margins. The cost structure of bauxite operations is impacted by volatility in raw material costs, which makes it difficult for businesses to accurately predict and control production expenses.

Uncertain and volatile raw material prices may cause companies or investors considering expansions to hold back. Due to this cost uncertainty, investments in new projects or the expansion of current bauxite operations may be discouraged, which would restrict market growth.

Segment Analysis

The global bauxite market is segmented based on product, application, end-user and region.

Essential Characteristics and Rising Demand Fueling Aluminium Production

The primary source of aluminum is metallurgical-grade bauxite because of its high aluminum oxide content. By refining it into alumina, which is then processed into aluminum metal, the Bayer process extracts aluminum from bauxite. Because of this feature, alumina is effectively extracted during the refining process, increasing aluminum output rates while lowering production costs.

The global bauxite market may be impacted by changes in the supply of metallurgical-grade bauxite caused by variables such as mining regulations, geopolitical instability, environmental concerns or natural disasters. The market's sensitivity to supply disruptions is emphasized by the potential of price increases. Therefore, the metallurgical grade product segment captures the majority of the total segmental shares.

Geographical Penetration

Large Scale Reserves and Higher Production Leads to the Regional Growth

Large bauxite reserves are present in Africa, especially in nations like Guinea, Ghana and Sierra Leone. Particularly Guinea has some of the biggest and best-quality bauxite reserves across the world. Africa is a major hub for the mining and production of bauxite due to these enormous reserves.

In response to the rising demand for aluminum globally, a number of African nations have been increasing their bauxite production. Because of its abundant deposits, Guinea has experienced a significant increase in bauxite production, attracting investments and increasing output. Therefore, the Middle East and Africa is growing at a highest CAGR during the forecasted period.

COVID-19 Impact Analysis

The epidemic caused supply chain disruptions that had an impact on bauxite mining and transportation globally. Lockdowns, limitations on mobility and a lack of workers hampered mining operations, delaying output and affecting supply levels throughout the world, particularly in Asia and Africa.

The pandemic's effects on the economy led to a decline in demand for aluminum and its derivatives. Production of aluminum fell as a result of downturns in key aluminum-consuming industries like building, aerospace and automotive. The reduced the need for bauxite as a raw material as a result.

Price fluctuations for bauxite were caused by changes in supply chains and a decline in the demand for aluminum. Price volatility was brought on by uncertain economic conditions and supply chain interruptions, which had an effect on the profitability of bauxite importers and producers in Asia and Africa.

Bauxite mining companies had additional operating challenges during the epidemic as a result of adhering to health and safety requirements. It became imperative to protect worker safety while preserving operational effectiveness, which resulted in extra expenses and possible production delays.

Russia-Ukraine War Impact Analysis

Trade routes may be disrupted by geopolitical conflicts, especially if export or import restrictions, embargoes or sanctions are put in place. The supply and distribution of bauxite on the global market could be impacted by any disruptions in trade agreements or shipping channels involving major bauxite-supplying nations.

Increased geopolitical tensions are frequently accompanied by market uncertainty. Price changes in commodities, such as those of bauxite, caused by this uncertainty. Changes in demand patterns, disruptions in the supply chain or speculative activity can all cause prices to become volatile.

By Product

Metallurgical Grade
Refractory Grade
Others

By Application

Alumina for Metallurgical Purposes
Cement
Refractories
Abrasives
Others

By End-User

Automotive
Building and Construction
Aerospace and Defense
Packaging
Electrical and Electronics
Machinery and Equipment Manufacturing
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In October 2023, The Odisha Mining Corporation and Hindalco Industries Ltd. have announced a long-term supply agreement for bauxite ore. For its projected 2-million-ton alumina refinery and 150-MW captive power plant in Kansariguda, Rayagada district, Odisha, the business intends to source bauxite ore.
In September 2023, Adbri has awarded ABx Group a contract to provide 90,000-120,000t of bauxite to its cement factory in Birkenhead, South Australia, starting in early 2024 and continuing five years. A "conservative" estimates of US$ 5.4 million has been published by Business News regarding the contract's value. Bauxite from ABx Group's DL130 mining operation will be supplied. Three resources totaling 13.7 million Tons of bauxite reserves are under the project's control.
In March 2023, India's top producer and exporter of aluminum and alumina, National Aluminium Company Limited (NALCO), which is governed by the Ministry of Mines, successfully developed a Bauxite Certified Reference Material (CRM) known as BARC B1201 in association with the Bhabha Atomic Research Centre (BARC).

Competitive Landscape

The major global players in the market include Rio Tinto, Alcoa Corporation, Guinea Alumina Corporation (GAC), Norsk Hydro, Australian Bauxite Limited, Rusal, Hindalco Industries Limited, BHP, Glencore International and Emirates Global Aluminium PJSC.

Why Purchase the Report?

To visualize the global bauxite market segmentation based on product, application, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of bauxite market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global bauxite market report would provide approximately 61 tables, 62 figures and 183 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Product
3.2. Snippet by Application
3.3. Snippet by End-User
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing production in the Emerging Economies
  - 4.1.1.2. Growing Partnerships for Large Scale Supplies
- 4.1.2. Restraints
  - 4.1.2.1. Fluctuating Raw Material Prices
- 4.1.3. Opportunity
  - 4.1.3.1. Increasing Number of Bauxite Operations
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Metallurgical Grade*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Refractory Grade
7.4. Others

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Alumina for Metallurgical Purposes*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Cement
8.4. Refractories
8.5. Abrasives
8.6. Others

9. By End-User

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
9.2. Automotive*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Building and Construction
9.4. Aerospace and Defense
9.5. Packaging
9.6. Electrical and Electronics
9.7. Machinery and Equipment Manufacturing
9.8. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Italy
  - 10.3.6.5. Russia
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. Rio Tinto*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. Alcoa Corporation
12.3. Guinea Alumina Corporation (GAC)
12.4. Norsk Hydro
12.5. Australian Bauxite Limited
12.6. Rusal
12.7. Hindalco Industries Limited
12.8. BHP
12.9. Glencore International
12.10. Emirates Global Aluminium PJSC

LIST NOT EXHAUSTIVE