Bauxite Mining and Alumina Refining Companies Mull $69 Billion in Project Activity
Sugar Land--January 5, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--It has been a tough couple of years for the mining industry. Mining companies have cut back production and capex worldwide on the heels of low commodity prices. That trend, for most metals and minerals, will continue in 2016. However, a recent spate of bauxite mining projects points to the commodity bucking the trend in spite of current weak pricing trend. Combined bauxite mining and alumina refining projects account for about $69 billion worldwide. This includes 110 bauxite mining projects totaling $23 billion and 130 alumina refining projects totaling about $46.9 billion, according to Industrial Info's Global Mining Project Database. Within this article: Lists the countries that comprise the majority of the world's bauxite projects.
