Jamaica’s mining industry supported by alumina exports growth
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Update time : 2024-08-12 15:58:52
According to statistics from the Statistical Institute of Jamaica, the export revenue of Jamaica’s mining industry increased by 33.6% in the first quarter of 2024, reaching US$148.7 million. The increase was mainly due to a significant hike in alumina exports, which reached US$132.2 million, compared to US$89.2 million in the same period a year ago.
However, the growth in alumina exports was slightly offset by decreased bauxite exports. The export value of bauxite slid by 1.9% to US$15.3 million.
In spite of the decrease, Jamaica’s overall export revenue from the mining industry remained strong. This sector still plays an important role in Jamaica's economy.
US primary aluminium production shows a 4% monthly rebound in October, but no positive change seen in YTD output
