Guinea's Bauxite Exports Continue to Break Records in 2023

Thursday, 29 August 2024, 22:30

Guinea's bauxite exports have seen remarkable growth, continuing their upward momentum this year. With an impressive 124.84 million tonnes exported in 2023, Guinea's bauxite plays a crucial role in the global aluminium market. The country's bauxite industry is thriving, driven by strong demand, particularly from China, showcasing its significant mineral reserves.

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Record Bauxite Exports from Guinea

Guinea's bauxite exports have broken records, reaching an impressive 124.84 million tonnes in 2023, which is a 22% increase from the previous year. The bulk of these exports are directed towards China, originating from the ports of Kamsar, Boffa, Cap Verga, and Conakry.

Export Volume Growth

According to research by Ursa Shipbrokers, year-to-date seaborne bauxite exports have already accounted for approximately 92 million tonnes, which makes up around 74% of the total expected for 2023. This surge in export volumes necessitated the use of 96.45m tonnes of dry bulk carriers' capacity for transport.

Increasing Demand and Potential

With the world's largest bauxite reserves estimated at 7.4 billion tonnes, Guinea’s role in the aluminium supply chain is becoming increasingly significant. Exports in July alone saw a remarkable increase of about 18.99% compared to the previous month, reflecting ongoing strong demand in the global market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.