SURVEY ECONOMY AND THE STATE OF ALUMINUM IN THE WORLD AND IN THE REPUBLIC OF GUINEA

Aluminum is one of the most common metals in the earth’s crust. The mass concentration of aluminum in the earth’s crust according to various researchers is from 7,45 to 8,14%. Today, aluminum ranks is second in the world in terms of consumption among all metals, second only to steel, and the demand for it is constantly increasing. The main raw materials for processing aluminum plants are bauxites and nephelines. According to preliminary data of the International Institute of Aluminum, the world production of primary aluminum increased by 0,5% in 2016 and reached 58,167 million tons. The growth of the world’s population, the economic recovery, and the active urbanization of developing countries provide a stable demand for aluminum. Aluminum is widely used in construction, automotive, packaging and other areas. The growth in aluminum consumption is closely related to the growth in aluminum production. China is the leader of this metal producer. The company by the aluminum producer is Hongqiao. The pricing of metals on the world market is the London Metal Exchange LME, and aluminum prices will rise. The localization of the bauxite deposit on land is unevenly distributed; huge resources are concentrated in the tropical and subtropical areas. Among lateritic deposits, objects of the bowal type are of greatest industrial importance, and are widely distributed in Guinea, India. Brazil. In perspective, the Republic of Guinea can become a leader in the production of the world market. Bauxite in the territory of Guinea was first discovered by the A.Lacroix islands of the Loos archipelago at the beginning of the 20th century. Guinea has a very high quality inventory of bauxite more than half of the world’s resources. Given the pace of exploitation of bauxite in other countries, and in the coming decades, Guinea will become the main center for the production of alumina and even aluminum.