4-Traders
ALUMINA SCENARIO
Edited by : AL CIRCLE
2 min read
NALCO CMD Shri B.L. Bagra,mentioned the following points about Alumina at the 30th Annual General Meeting, held at Corporate Office on 29th September 2011.
The global aluminium industry in 2010 was affected by diverse multifaceted economic, political, structural and fundamental factors that had a bearing on the price of aluminium and the mechanism of price determination in alumina.
During the year 2010, the world consumption of alumina was 82.2 million tonnes against the world production of 81.7 million tonnes, thereby showing a deficit of 0.5 million tonnes. The world alumina production and consumption grew by approximately 10.6 percent and 11.6 percent respectively during 2010 as compared to 2009. On the contrary, the Chinese alumina production registered an increase of about 24.6 percent over 2009 production. In 2010, the spot price of alumina averaged around US$ 345 a tonne, approximately 39 percent higher than the prices in 2009. This reflected strong demand for alumina, stemming from growth in aluminium production. Alumina refining capacity remained well ahead of production in 2010, yielding a utilization rate of 83 percent.
World consumption of alumina is forecast to rise, supported by the construction of new smelters in China, India and the Middle East. The alumina market is expected to remain roughly in balance in 2012.
The global aluminium industry in 2010 was affected by diverse multifaceted economic, political, structural and fundamental factors that had a bearing on the price of aluminium and the mechanism of price determination in alumina.
During the year 2010, the world consumption of alumina was 82.2 million tonnes against the world production of 81.7 million tonnes, thereby showing a deficit of 0.5 million tonnes. The world alumina production and consumption grew by approximately 10.6 percent and 11.6 percent respectively during 2010 as compared to 2009. On the contrary, the Chinese alumina production registered an increase of about 24.6 percent over 2009 production. In 2010, the spot price of alumina averaged around US$ 345 a tonne, approximately 39 percent higher than the prices in 2009. This reflected strong demand for alumina, stemming from growth in aluminium production. Alumina refining capacity remained well ahead of production in 2010, yielding a utilization rate of 83 percent.
World consumption of alumina is forecast to rise, supported by the construction of new smelters in China, India and the Middle East. The alumina market is expected to remain roughly in balance in 2012.
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