Top 5 alumina producers that keep the China market ahead

게시됨: Mar 5, 2024 10:37
China is the highest alumina producer, contributing around 58 per cent of the world’s output.

China is the highest alumina producer, contributing around 58 per cent of the world’s output. According to the International Aluminium Institute survey, China produced 82.27 million tonnes of alumina in 2023, up by 3.15 per cent from 79.76 million tonnes in 2022. With this annual hike, China’s 2023 alumina output exceeded the pre-COVID level and further solidified its position as the world’s largest ore producer. As a consequence of the COVID-19 impacts, China’s alumina production decreased year-on-year in the previous three years by about 2 per cent but rebounded in 2023, surpassing 81.469 million tonnes of production in 2019.

Advanced technologies like the Bayer-Lurgi combined process and dry bauxite digestion helped China optimise resource utilisation and boost production. By the end of 2023, China’s installed alumina capacity had reached 100 million tonnes, with an operating capacity of 80.04 million tonnes. Shandong, Shanxi, and Henan were the top three alumina-producing Chinese provinces in 2023. The top companies are, subsequently, from these Chinese parts. Here is a list of the top five alumina producers from China.

1) Aluminum Corporation of China Limited (Chinalco and also known as Chalco)

Aluminium Corporation of China Limited is China’s largest and the world’s second-largest alumina producer, having an annual production capacity of 22.26 million tonnes (as of December 31, 2022), which exceeds internal alumina demand for aluminium production. The group owns the maximum number of alumina refineries in China, such as Guizhou Alumina, Pingguo Alumina, Shandong Alumina, Zhengzhou and Zhongzhou Alumina Refinery, and Shanxi Alumina. In June 2023, the company announced that its board of directors approved its majority-owned subsidiary Guangxi Huasheng New Materials Co., Ltd. to build two alumina production lines with an annual capacity of 1 million tonnes each, with an investment of approximately RMB 4.3 billion.

According to a report till December 31, 2022, Chalco’s Zhangzhou Aluminium has the highest capacity of 3.050 million tonnes, followed by Shanxi New Material 2.6 million tonnes. In 2022, Chalco produced approximately 17.64 million tonnes of metallurgical-grade alumina, accounting for 22 per cent of China’s total alumina output.

2) China Hongqiao Group Limited

The Group is principally engaged in the manufacturing and sales of aluminum products covering the full value chain from bauxite mining, energy generation and production of alumina to the manufacturing of primary aluminum and down-stream value-added aluminum products. The company’s alumina production primarily includes six major production processes from raw materials, dissolution, sedimentation, decomposition, evaporation to roasting.

In 2020, China Hongqiao Group’s alumina production capacity had reached 15 million tonnes. According to 2022, the company earned revenue of RMB 21,404,782,000 from alumina business versus RMB 16,966,928,000 in 2021. The growth was due to higher sales volume, which was reported at 8.298 million tonnes, representing a year-on-year increase of approximately 15.8 per cent. The average sales price of alumina also increased by about 8.9 per cent to RMB 2,580 per tonne (excluding value-added tax) as compared with the corresponding period last year.

Shandong Weiqiao Aluminum & Electric Co., Ltd., a subsidiary of China Hongqiao Group Limited has a 10 million tonnes of annual alumina output.

3) Shandong Xinfa Group

Shandong Xinfa Group is a diversified private entity with involvement in power, aluminium and carbon products. In the alumina sector, the company ranks third in China. Xinfa Group’s alumina refinery in southern China’s Guangxi region had an annual alumina producing capacity of 3 million tonnes but it lowered its production by 500,000 tonnes in 2019. The refinery’s daily production rate went down from 7,600 tonnes to 6,100 tonnes.

4) Hangzhou Jinjiang Group

Hangzhou Jinjiang Group is an integrated aluminium company engaged in bauxite mining, alumina refining, and downstream product manufacturing. It has seven refineries, which make the Group the fourth largest producer of alumina in China. Hangzhou Jinjiang Group-owned Kaiman Aluminium, located in Sanmenxia city in Henan province, had an annual alumina production capacity of 2.1 million tonnes until it reduced its production by half with effect from April 19, 2021. Hangzhou Jinjiang Group’s total assets during the said year were estimated to exceed RMB 60 billion, and revenue to surpass RMB 78 billion. In December 2023, the Group was awarded the "AAA Credit Rating Unit for Nonferrous Metals Industry Enterprises", which is currently the highest credit rating evaluation for enterprises in the nonferrous metals industry.

5) Shandong Nanshan Aluminium Co., Ltd.

Shandong Nanshan Aluminium Co., Ltd. runs a complete aluminium industry chain. Its main activities include alumina and aluminum production and processing. In 2023, the company’s alumina sales amounted to RMB 5,732 million versus RMB 3,643 million a year ago. Its alumina subsidiary firm Longkou Donghai Alumina Co., Ltd. has a production line of 600,000 tonnes per annum in Phase 1.

Conclusion: These are China's top five alumina producers that are fuelling the domestic ore demand. China's alumina production even started 2024 on a positive note. Although it slightly decreased month-on-month by 0.30 per cent, it grew annually by 4.74 per cent, reaching 6.85 million tonnes.

Source: https://www.alcircle.com/news/top-5-alumina-refineries-that-keep-the-china-market-ahead-109061

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn
관련 뉴스
중국 주조 알루미늄 합금 잉곳 재고 4주 연속 증가, 전주 대비 1,200톤 늘었으나 전년 동기 대비 53.8% 감소
1시간 전
중국 주조 알루미늄 합금 잉곳 재고 4주 연속 증가, 전주 대비 1,200톤 늘었으나 전년 동기 대비 53.8% 감소
더 보기
중국 주조 알루미늄 합금 잉곳 재고 4주 연속 증가, 전주 대비 1,200톤 늘었으나 전년 동기 대비 53.8% 감소
중국 주조 알루미늄 합금 잉곳 재고 4주 연속 증가, 전주 대비 1,200톤 늘었으나 전년 동기 대비 53.8% 감소
[SMM 알루미늄 합금 플래시] 이번 주 중국 주조 알루미늄 합금 잉곳 사회 재고는 33,000톤으로 전주 대비 1,200톤 증가하며 4주 연속 재고 증가세를 이어갔다. 전년 동기 대비로는 38,400톤 감소한 수준으로, 53.8% 줄어들었다. 현재 성수기 초입 단계로 하류 기업들의 구매는 주로 강성 수요에 그치고 있으며, 수요 측면은 아직 완전히 회복되지 않았다. 일부 현물 트레이더들의 매입이 입고 물량을 일정 부분 보완했다. 단기적으로 사회 재고는 소폭 증가 추세를 이어갈 것으로 예상된다.
1시간 전
알루미나, 급등 후 거래량 감소 속 조정 국면; 현물 지수 하락 멈추고 소폭 반등; 공급 강세·수요 약세 구도는 유지 [SMM 알루미나 모닝 코멘트]
1시간 전
알루미나, 급등 후 거래량 감소 속 조정 국면; 현물 지수 하락 멈추고 소폭 반등; 공급 강세·수요 약세 구도는 유지 [SMM 알루미나 모닝 코멘트]
더 보기
알루미나, 급등 후 거래량 감소 속 조정 국면; 현물 지수 하락 멈추고 소폭 반등; 공급 강세·수요 약세 구도는 유지 [SMM 알루미나 모닝 코멘트]
알루미나, 급등 후 거래량 감소 속 조정 국면; 현물 지수 하락 멈추고 소폭 반등; 공급 강세·수요 약세 구도는 유지 [SMM 알루미나 모닝 코멘트]
1시간 전
상하이 선물 거래소 알루미늄 계속 상승, 광둥-상하이 가격 차 확대로 화물 이동 유인 [SMM 알루미늄 현물 정오 리뷰]
1시간 전
상하이 선물 거래소 알루미늄 계속 상승, 광둥-상하이 가격 차 확대로 화물 이동 유인 [SMM 알루미늄 현물 정오 리뷰]
더 보기
상하이 선물 거래소 알루미늄 계속 상승, 광둥-상하이 가격 차 확대로 화물 이동 유인 [SMM 알루미늄 현물 정오 리뷰]
상하이 선물 거래소 알루미늄 계속 상승, 광둥-상하이 가격 차 확대로 화물 이동 유인 [SMM 알루미늄 현물 정오 리뷰]
1시간 전