18 JULY 2016AlCircle.com
North America's market share in bauxite mining to grow on the back of increased aluminium demand
Edited by : AL CIRCLE
1 min read
According to a recently published report, North America has the largest market share for bauxite mining owing to increased aluminium demand in the region. Europe and Asia Pacific region follows North America in bauxite demand.
North America is expected to maintain its dominance from 2015-2020. Europe is expected to witness marginal growth over the forecasted period. However, Asia Pacific region is expected to witness highest growth in the coming future owing to the increasing domestic demand from the automobile industries in the emerging markets of India, China and Japan.
Industry experts believe the increasing demand of aluminium in the automobile industry will have influence the aluminium manufacturing companies as they’ll consider investing more in bauxite extraction business.
Some of the major vertically integrated companies operating in the global aluminium industry with existing operations or lined-up investments in bauxite mining business, are Aluminum Corporation of China Limited, Mitsubishi Aluminum Co., Ltd., Queensland Alumina Limited, Nippon Light Metal Company, Ltd., Australian Bauxite Limited, Iranian Aluminium Company and Alumina Limited.
North America is expected to maintain its dominance from 2015-2020. Europe is expected to witness marginal growth over the forecasted period. However, Asia Pacific region is expected to witness highest growth in the coming future owing to the increasing domestic demand from the automobile industries in the emerging markets of India, China and Japan.
Industry experts believe the increasing demand of aluminium in the automobile industry will have influence the aluminium manufacturing companies as they’ll consider investing more in bauxite extraction business.
Some of the major vertically integrated companies operating in the global aluminium industry with existing operations or lined-up investments in bauxite mining business, are Aluminum Corporation of China Limited, Mitsubishi Aluminum Co., Ltd., Queensland Alumina Limited, Nippon Light Metal Company, Ltd., Australian Bauxite Limited, Iranian Aluminium Company and Alumina Limited.
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