15 SEPTEMBER 2011China Aluminium Network
Mytilineos sees bright future in alumina in next 5 years
Edited by : AL CIRCLE
1 min read
Mytilineos Holdings SA, a Greek metals and energy group, may produce 83 percent more alumina, a raw material used in aluminum production, over the next five years, said Evangelos Mytilineos, the company’s chief executive officer.
Production should climb from 820,000 metric tons a year to 1.1 million tons by the end of 2013 and may reach 1.5 million tons by 2016 in the second phase of expansion, Mytilineos said.
“We anticipate very healthy demand for alumina in the region,” Mytilineos said, referring to Europe, in an e-mailed response to Bloomberg questions Wednesday.
Alumina demand will exceed output in Europe by about 4.1 million tons this year, according to London-based researcher CRU. The deficit should widen to 4.6 million tons next year, said Nikhil Shah, a CRU analyst.
“There seem to be no plans for Eurallumina in Sardinia to restart and a gap of more than 1.5 million tons per year has been created, which is covered by Aughinish, Aluminium of Grece and imports from other areas,” Mytilineos said.
Production should climb from 820,000 metric tons a year to 1.1 million tons by the end of 2013 and may reach 1.5 million tons by 2016 in the second phase of expansion, Mytilineos said.
“We anticipate very healthy demand for alumina in the region,” Mytilineos said, referring to Europe, in an e-mailed response to Bloomberg questions Wednesday.
Alumina demand will exceed output in Europe by about 4.1 million tons this year, according to London-based researcher CRU. The deficit should widen to 4.6 million tons next year, said Nikhil Shah, a CRU analyst.
“There seem to be no plans for Eurallumina in Sardinia to restart and a gap of more than 1.5 million tons per year has been created, which is covered by Aughinish, Aluminium of Grece and imports from other areas,” Mytilineos said.
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