How the global market for aluminum works
How the global market for aluminum works
It may be hard to believe, but only 150 years ago, aluminum and silver are considered too expensive types of metal. Today, aluminum is ranked number two in the volume of consumption of all metals, exceeded only of steel. In the coming decades, the demand for aluminum increases in rates can not be stopped will continue. Recent developments in the automotive industry, the rapid growth of cities, a potential new uses of aluminum as a substitute for copper in the energy industry - these and many other trends mean that this winged metal in a good position to strengthen its dominant position as a key structural material of the 21st century.
Bauxite production volume of alumina and aluminum in the world (metric tons)
Aluminum production production of alumina bauxite mining
-oroba 7.6 8.5 5.7
-afrkie 1.7 0 21.8
-asaa 36.6 61.9 125.4
North -omrica 4.5 6.6 0.1
South -omrica 1.5 13.6 47.4
-astralaa 2 20.7 80.2
In 2014 and reached a global aluminum production 54 million tons. Former Chinese aluminum market was in a deficit of 1.2 million tons.
According to CRU International Aluminium Institute in the first half of 2015 the production of aluminum in the world outside China, the former by 2% on an annual basis to 13 million tons. This growth was mainly from Asia and the Middle East, with South and North America, leading the decline in production.
Excessive and continued in the Chinese aluminum market during the first half of 2015. As a result, total aluminum stocks in China in the first half of 2015 2.65 million tons. During the period from January to May 2015, and increased the ability of Chinese aluminum installed by one million tonnes per year to 36.545 million tons.
The main change to the environment resulted in the presentation of the export semi-finished products of aluminum from China. Net exports the end of the half rose 47% on an annual basis in the first half of 2015. Due to the seasonal slowdown in the domestic market, and the products manufactured from aluminum for export, even at a loss, in order to generate cash flow.
As a result both exports half of China's rise and growth of the former Chinese aluminum producers, Rusal is estimated that the global aluminum market faces is simple to achieve a surplus of 277,000 tons in FY1
Demand for global aluminum in 2014 increased by 7%, as a result of increased demand in North America and China in the fourth quarter of 2014. At the same time, it showed demand in emerging markets including Russia, Latin America and India lower consumption in the fourth quarter of 2014 As a result, he missed the entire 2014 forecast expectations.
In the first half of 2015, global demand for aluminum rose 6.3 percent to 28.6 million tons due to increased demand in North America and the European Union. Within the BRIC economies, growth has been in demand from India, a major contributor to growth.
Demand for aluminum in North America improved by 5.6% compared with 2014. Statistics from the Aluminum Association suggests that the new increased demands General Mill index to date by 5.8% in the first half of this year, while shipments of aluminum extruded products by the producers of the United States and Canada increased by 9.0%. Aluminum demand in Europe grew by 2.3% year-on-year. Turkey, Italy, France and Germany are the main growth markets, and increase, respectively, consumption increased by 6.1%, 2.6%, 2.4% and 1.1%.
Excluding China, the consumption of primary aluminum in Asia rose by 1.3% in 1H 2015 compared with the same period of 2014.
On the negative side, industrial output for Japan fell in May by 4% compared to last year as a slowdown in the production of transport equipment, automotive weak recovery. Industrial production in the Republic of Korea by 2.8% on an annual basis decreased 1.3% month-on-May. Decline in car production in South Korea rose 3.3% on an annual basis in the period from January to May 2015. As a result, the growth of primary aluminum consumption slowed in South Korea to 2.4% in 1H 2015. primary aluminum consumption in China seems to have been 14.6 million tons in 1H 2015, up 10.4% on an annual basis. The Chinese GDP growth on an annual basis better than expected, reaching 7%.
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