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The U.S. and China Are Battling for Control of the World’s Bauxite Supply
Despite a few hiccups and occasional worries of oversupply, the global bauxite market has been growing steadily. Much of this expansion has been fueled by rising demand in the aluminum market, especially from automotive, aerospace and renewable energy sectors. About 60% of EV manufacturers and over 70% of aerospace materials use aluminum in one form or another. Moreover, about 85% of bauxite is used for alumina production. Because of these facts, the global alumina and bauxite market is projected to grow from US $84.51 billion in 2025 to US $125.91…