Calcined bauxite is an important raw material for two main markets: refractories and abrasives. Bauxite is a naturally occurring, heterogeneous material comprised primarily of one or more aluminum hydroxide minerals plus various mixtures of silica (SiO2), iron oxide (Fe2O3), titaniai (TiO2), alumino silicates (clay, etc.), and other impurities in trace amounts.
India currently imports 60% of its Calcined Bauxite from China. Spurred by expansion of domestic steel production, a scarcity of acceptable quality of bauxite from China and raising import cost, drives are now under way in India to produce high grade bauxite from domestic bauxite sources. Global Calcined Bauxite Market was valued at $16,680 million in 2016, and is expected to reach $29,648 million by 2023. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Bombay Minerals Ltd.
· Gujarat Bauxite Ltd.
· Gujarat Mineral Devp. Corpn. Ltd.
· Hind Aluminium Inds. Ltd.
· IntelliproAviatech Ltd.
· M M T C Ltd.