Global bauxite outlook is on a positive trend

 
Guyana stand to benefit from the increased demand of bauxite and bauxite products on the global market as the prospects of the industry are good.

The positive global prospects of bauxite were reported at the 28th International Aluminum Conference organised by Metal Bulletin in Switzerland from September 17-19, which allowed both the upstream and downstream of the aluminum fraternity to benefit from analyses of the industry by some of the most prominent companies in the field.

Minister of Natural Resources and the Environment, Robert Persaud accompanied by Manager of Geological Services of the Guyana Geology and Mines Commission,  Jimmy Reece represented Guyana and participated in discussions on a holistic vision of the aluminum industry now, and for the imminent  future.

Areas focused on by Guyana included the future of the sector as it relates to the opportunities, challenges and the current future outlook of bauxite, and the possibilities of tapping into new areas of investment from Europe and East Asia.

It is anticipated that there will be a positive forecast of the sector in the near future. As such, panel discussions included assuring aluminum growth as an integrated approach to sustainability. The conference also allowed Guyana to have a better understanding of the entire sector both upstream and downstream.

Further, Minister Persaud held bilateral discussions with Vladislav Soloviev, First Deputy CEO of Rusal on the outlook and level of investment in the local bauxite sector. The top RUSAL official also restated the company’s commitment to increase investments and expansion of its Kurubuka operation in the Berbice River area.