Guinea has just set a new record for bauxite exports. According to data from the Ministry of Mines and Geology, the week of April 24-30, 2023 recorded a volume of 3,254,702 tons of bauxite exported by the country's various mining operators.
The following table highlights the most contributing companies of that increase:
| Company | Export quantity (tons) |
|---|---|
| Société Minière de Boké (SMB) | 1 183 138 |
| Compagnie des Bauxites de Guinée (CBG) | 357 858 |
| Guinée Alumina Corporation (GAC) | 340 987 |
| China Power Investment Corporation (CPI) | 152 813 |
| AGB2A / SMD | 177 003 |
| BAM | 199 042 |
| ASHAPURA | 227 626 |
| CBK | 242 335 |
| Chalco | 373 900 |
| Total | 3 254 702 |
These results are the result of investments and efforts made by mining operators to increase their production capacity. Guinea is the world's leading bauxite producer with an estimated potential of over 40 billion tons.
Guinea is increasing its bauxite exports to meet the growing demand of the global aluminum market, which requires bauxite as a raw material for production. Guinea has one of the world's largest bauxite reserves, estimated at over 40 billion tons, and is therefore a key player in the bauxite market.
Guinea, China's leading supplier
China is the world's largest producer and consumer of aluminum, which means it has a large need for bauxite, the raw material used in aluminum production. Therefore, China is a major importer of bauxite, and Guinea is one of its main suppliers of this mineral. According to Guinean government data, China imported about 63% of Guinea's bauxite exports in 2020.