TITLE:
Guinea’s Bauxite Resources Evaluation and Forecasting Using Elasticity Demand Method
AUTHORS:
Ousmane Sanoh, Qinli Zhang, Daolin Wang, Ningabo Aurélien
KEYWORDS:
Bauxite, International Trade, Potential Partners, Supply and Demand, Price, Forecast, Guinea Bauxite, Aluminum, Elasticity Demand
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.10 No.4,
April
26,
2022
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.