Fitch forecasts Australian bauxite production growth to average 4% y-o-y in 2021, and Guinea's bauxite output to rise from 84.5mnt in 2021 to 133.8mnt in 2030.
The deal will give Concord access to an additional 600,000 tonnes of alumina per year on top of the 1.4 million tonnes it already handles, which would make it one of the world’s leading traders of alumina.