30 JANUARY 2014www.live-pr.com
China aluminum smelting market saw an annual growth rate of 8.7% between 2008 and 2013
Edited by : AL CIRCLE
1 min read
Revenue in the China aluminum smelting market has been growing at an average annualized rate of 8.7% between 2008 and 2013 to $73.8 billion. As a basic metal, aluminum has a wide variety of applications within the Building Construction, Automobile Manufacturing), Power Grid Construction, and packaging material industries. These downstream industries are strongly promoted by China´s booming economy and rising urbanization.
With increasing downstream demand for aluminum products over the past three decades, aluminum-related industries developed rapidly, expanding output capacity as product prices appreciate.
Alumina output, the major material for primary aluminum, has increased from 3.3 million tons in 1998 to an estimated 41.8 million tons in 2013 due to major players expanding output capacity and an increasing number of new entrants in the industry. Primary aluminum output, the basic material for various aluminum products, is expected to increase from 2.6 million tons in 1999 to 21.5 million tons in 2013.
With increasing downstream demand for aluminum products over the past three decades, aluminum-related industries developed rapidly, expanding output capacity as product prices appreciate.
Alumina output, the major material for primary aluminum, has increased from 3.3 million tons in 1998 to an estimated 41.8 million tons in 2013 due to major players expanding output capacity and an increasing number of new entrants in the industry. Primary aluminum output, the basic material for various aluminum products, is expected to increase from 2.6 million tons in 1999 to 21.5 million tons in 2013.
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