Abstract
Based on the economic theory, this paper analyzes and presents Guinea’s bauxite reserve, domestic demand, the export prediction based on China’s consumption using the GDP elasticity of demand method to determine the elasticity and forecast based on the Ministry of mines and geology bauxite mineral resources data, and some other data sources (Annual production quantity, Annual Exportation quantity, Exported quantity to China) and the GDP growth rate from 2000 to 2020. This article also describes the evaluation of Guinea bauxite resources, including reserves in national conditions; grade; distribution status; development and utilization status; supply and demand; pricing and future forecasts.
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