Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 55

Posts Tagged ‘principal producing’

China dominates the global aluminium

Posted by fidest press agency su domenica, 24 maggio 2009

New Report From Roskill Analyses Worldwide Aluminium Supply and Demand Russia, Canada, the USA, Australia, Brazil, Norway and India are the principal producing countries after China. These countries together account for about three quarters of world output of primary aluminium. Although some 200 smelters, half of which are in China, produce primary aluminium, 14 companies operating about 100 plants controlled over 60% of output in 2007. Consolidation of the Russian companies Rusal and Sual with Glencore in 2006 into UC Rusal, and the acquisition of Alcan by Rio Tinto in 2007 resulted in two aluminium producers comparable in size to Alcoa. World aluminium output rose by between 0.15 and 12.2%py between 1994 and 2008, averaging 5%py. Growth averaged around 7%py after 2001 mainly due to explosive expansion in production in China. Output began to contract in the second half of 2008 and this accelerated in 2009, meaning that world aluminium production is likely to decline for the first time in fifteen years and by as much as 5%. In 2009, almost fifty aluminium smelter projects, with a total capacity of 20Mtpy, were at various stages of development, but only 10, with a total capacity of 2.8Mtpy, were already under construction. For most of these projects, no decision with regard to timing had been finalised and the timetables of the others are under review. At the same time, most of the major producers are idling high cost and inefficient capacity in response to low demand and prices. Between 1998 and 2007, world primary aluminium consumption grew by a year-on-year average of 5.6% to reach 37.2Mt. After a fall of 5.3% in 2001, aluminium consumption increased by an average of 7.8%py up to 2007, largely driven by Chinese consumption, which increased by an average of 23.7%py over the same period. Chinese aluminium consumption is, by a sizeable margin, the largest in the world, having overtaken that in the USA in 2004. Japan is the third largest consuming country. Total use of aluminium including all forms of secondary metal, amounted to about 51Mtpy in 2007, and was probably little changed in 2008. Consumption was divided regionally into about 44% in Asia and 27% each in Europe and the Americas, while the major markets for aluminium were transportation (14% of demand), construction (11%) and packaging (6%) The Chinese market (almost 30% of the world total in 2007 and 2008) expanded by about 27% in 2007; Antaike estimates that it increased by about 8% in 2008 and will increase by 3% in 2009. In Europe, North America and Japan, demand will almost certainly fall in 2009 and will either level out or show minimal growth in 2010. The market will start to recover in the second half of 2010, and global growth of 4 to 5%, led by China, is likely in 2011. Average growth in the global aluminium market to 2013 will probably be about 2.6%py resulting in total demand of about 58Mt.

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