The answer is to allow firms to: a) mine bauxite; b) produce alumina; c) produce aluminium ingots; make aluminium products; and any combination of these without some bureaucrat micromanaging their businesses. Refer to https://en.wikipedia.org/wiki/The_Fatal_Conceit. I have neither studied Hayek, nor read his work.
I remember Hayek mainly for his astute choice of book titles, The Fatal Conceit and The Road to Serfdom, in relation to the idea of managed economies. The first title implies that it is intellectual conceit that drives some people to think that they know best what is good for the herd. The second title implies that if we let folk imbued with such conceit to assume power, we are, in effect, begging to be serfs, like the Slavs did over a thousand years ago when they asked a Varangian (Viking) leader to rule them in order to stop internecine conflict.
