Guinea's Bauxite Attracted The Aluminum Giants To Compete For Layout
Guinea's bauxite is enriched. According to the information released by the US Geological Survey, Guinea's bauxite reserves are about 40 to 41 billion tons, accounting for about two-thirds of the world's total reserves, of which 29 billion tons have been proved. Ranked first in the world.
For aluminum manufacturers, the availability of high-quality raw materials and low electricity costs can guarantee competitive advantage. Guinea's bauxite attracted the aluminum giants to compete for layout. In addition to Guinea's indigenous alumina vanadium company, Alcoa giants such as Alcoa, Rio Tinto and Rusal have long been involved.