Global aluminium production grew at a sluggish pace in 2019 and 2020, in contrast to average annual growth of 6% in 2010-2018. Global primary aluminium production is estimated to be 5,699 (kt) at a daily rate of 183.8 Production daily average decreased by 0.59% compared to July. LONDON, June 21 (Reuters) - China produced a record 3.42 million tonnes of primary aluminium in May as the country's smelters continue to ramp up run-rates. A US dollar index at a 20-year high combined with slowing economic activity in China and the rest of the world dragged the official cash price down from close to US$2500/t on 28 August to below US$2100/t a month later. If you have any questions, just drop a email, and we will answer you shortly. Despite the dash for coal there are signs of accumulating stress in parts of China's power system. SW1Y 6BN
"Our data for 2020 through to end of May suggests no reduction in global production overall as a result of the Covid pandemic, and in fact a slight increase. (June 6, 2022). China's smelters are currently enjoying positive margins thanks to the combination of higher metal pricing and lower power costs resulting from the government's row-back on coal usage targets. 2022 International Aluminium Institute. Jun 28, 2022 China produced some 38.8 million metric tons of aluminum in 2021, becoming the world's largest aluminum producing region by far. Annualised production in Western Europe has fallen by around 500,000 tonnes over the last year, according to the IAI. Figure 1 - Material flows in the global aluminum industry: the role of secondary aluminum [1] Figure 2 - Material flows in global production Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Global aluminium production has increased steadily since the start of the year in large part owing to a rebound in China's output. Indonesia awarded two oil and gas exploration blocks located off northern Sumatra coast to Conrad Asia Energy on Tuesday, a senior energy ministry official said, the first awarded this year. For this reason, aluminium smelters are always built in the vicinity of power energy sources, usually hydroelectric power plants that don't contaminate the environment. Rather, the bauxite needs refining into alumina which is then transformed into metal by electrolysis. Aluminum Import Statistics, 2018-2021 3.6. Access to this and all other statistics on 80,000 topics from, Show sources information Only countries with a minimum production of 100,000 tonnes are listed. While contribution by country varies, world aluminum production measured about 65.3 million tons in 2020 alone. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Research Lead covering energy, environment, chemicals & resources, Profit from additional features with an Employee Account. It also includes estimates of unreported production, providing a figure as close as possible to total global, annual production. Definitions Primary aluminium is aluminium tapped from electrolytic cells or pots during the electrolytic reduction of metallurgical alumina (aluminium oxide). Primary aluminium production is defined as the quantity of primary aluminium produced in a defined period. According to a recent issue of the European Journal of Business and Management, published by International Institute for Science, Technology and Education, the overall consumption of aluminium in India is projected to be about 10 million tonnes by 2020. Senior metals columnist who previously covered industrial metals markets for Metals Week and was EMEA commodities editor at Knight-Ridder (subsequently Bridge). "Aluminum production worldwide in 2021, by region (in 1,000 metric tons)." Global Primary Aluminum Production, 2018 - 2021 3.5. Soaring Natural Gas Prices Are Weighing On Global Aluminum Production By Ag Metal Miner - Dec 31, 2021, 2:00 PM CST Rising power costs in Europe have resulted in reduced output at Europe's. United Kingdom. All quotes delayed a minimum of 15 minutes. 22nd August 2022 Global aluminium production rose at a slightly slower pace in July, mostly because production in North America fell at a faster clip, while output in Europe continued to slump. statistic alerts) please log in with your personal account. The exponential increase in European power pricing after the Ukrainian invasion poses an existential threat to many of the region's operators. The Gulf region ranked second, but by a wide. The IAI considers the figures shown to be reliable, but they may be subject to revision. Imports boomed in 2021 as domestic production failed to match first-use demand from product manufacturers. The ex-China aluminium market was in shortfall of 1.2 million tonnes. The Global Aluminum Market Size is estimated to reach USD 193.6 billion in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period. Primary Aluminium Smelting Energy Intensity, Primary Aluminium Smelting Power Consumption, Metallurgical Alumina Refining Energy Intensity, Metallurgical Alumina Refining Fuel Consumption, Greenhouse Gas Emissions Aluminium Sector, Greenhouse Gas Emissions Primary Aluminium. You need a Statista Account for unlimited access. See also [ edit] List of countries by aluminium oxide production List of aluminium smelters The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The aluminium production process is much more complex and requires huge amounts of electricity. The metal is produced in Gulf Cooperation Council (GCC) countries, Europe, North America and Asia. According to CRU and International Aluminium Institute in the first half of 2015 aluminium production in the world outside ex-China grew by 2% YoY to 13 million tonnes. China's share of global output was 58.91% in May, a ratio that has only been . They found that the global primary production was reported to be 58.2 million tonnes, while consumption was 60.56 million tonnes. The large increase in emissions from global aluminum production but the modest increase in carbon transfer from aluminum trade is due in large part to the fact that China is the largest contributor to the increase in world production. At the same time, Australia has recorded minimal . Mine production: 39 million MT. World aluminum production has more than doubled between 2000 and 2020. We have employed a very sophisticated and robust approach to assess the aluminium market by taking into account various demand and supply dynamics as well as prices and costs structure. In this report, the major companies studied . Aluminium consumption in India at 2.5 kg per capita is much below the global average of 11kg per capita Read More. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Chinese smelters are resurgent thanks to an easing of the power crunch that constrained production for much of last year. Production growth could slow further this month due to renewed power rationing in China and still-rising power prices in Europe. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2029. The Global aluminium Market Outlook to 2027 is a valuable resource necessary for examining the global aluminium market. See here for a complete list of exchanges and delays. You need at least a Starter Account to use this feature. This content rich report covers the . The European Aluminium association claims that around 900,000 tonnes of annual capacity has been impacted in the form of curtailments or fluctuating operating rates. The surge in the demand of this youngest metal of the non-ferrous metal industry is indicated to the escalating infrastructural development of the country. ("Aluminium: European gas back in focus", June 21, 2022). Directly accessible data for 170 industries from 50 countries If you are an admin, please authenticate by logging in again. June 6, 2022. In 1975, Dubai Aluminum (DUBAL) was founded as the UAE's first aluminium production company. The global aluminum market was valued at $148.1 billion in 2021, and is projected to reach $258.3 billion by 2031, registering a CAGR of 5.82% from 2022 to 2031. According to the Aluminum 13th World Trade Fair & Conference, around 63.2 million tonnes of aluminum were produced worldwide in 2017. . The infrastructure has been setup with most advanced technologically equipped machineries and 100% power back up facilities. Aluminium extrusion is the process of pumping aluminium alloys streamlined through pre-set and shapedefined dies to gain a, Anodizing is the electrolytic oxidation process in which the surface layer of metal is transformed to allow it to provide protective, decorative or functional. Europe's energy woes have dragged down annualised production outside of China by 460,000 tonnes so far this year. 2 Duke Street
China's share of global aluminium production (57.2%) is out of tune with its shares of global economy and population, which are both around 18%. Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Chart. News of a possible change to the LME's . Global Aluminum provides fitting solutions for every conceivable and convincable need . 2021 saw production growth at a rate close to 4%, considerably higher than the previous two years when it was nearly flat. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Europe's energy woes have dragged down annualised production outside of China by 460,000 tonnes so far this year. Brief History. [1] [2] Primary aluminium is produced from aluminium oxide which is obtained from bauxite and excludes recycled aluminium. 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