Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Aluminum investments in Middle East to cross $55 billion by 2020

Aluminum investments in Middle East to cross $55 billion by 2020

Aug 14, 2014 11:42

Source:SMM

The Middle East region is soon emerging to be the world’s fastest growing aluminum market, according to latest statistics.

Author: Paul Ploumis13 Aug 2014 Last updated at 07:02:20 GMT

DUBAI (Scrap Monster): The Middle East region is soon emerging to be the world’s fastest growing aluminum market, according to latest statistics. The investments in Aluminum sector in the region is expected to cross $ 55 billion by 2020, almost double when compared with $30 billion in 2011.

According to data from a study conducted by Harbour Intelligence, the aluminum industry in the Middle East region is growing at 8.4% per annum. This is quite higher when compared with the global growth rate of 3.5%.

New capacity additions and smelter expansions have contributed to this growth. The aluminum production by the region is expected to reach 5 million tons by 2015. It must be noted that the region’s total output in 2011 and 2012 were 3.49 million tons and 3.74 million tons respectively.

The region is not only a leading producer of the metal, but one of the top consumers of it also.

aluminum

aluminum price

alumina import

unwrought aluminum

Middle East

Mubadala

investment

Middle East aluminum

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Aluminium Ingot January Production Analysis & February Forecast

Aluminium Ingot January Production Analysis & February Forecast

time

Feb 9, 2024 16:01

SMM Aluminium Ingot January Production Analysis & February Forecast

Aluminum Operating Rate in Yunnan Region Update

According to SMM's research findings, Yunnan Province is currently experiencing a dry season, with hydropower contribution remaining at a relatively low level. Enterprises have no immediate plans for production resumption and await clearer policy guidance from the power sector.

time

Feb 6, 2024 18:08

Aluminum Operating Rate in Yunnan Region Update

Indonesia's Ban on Bauxite Exports Leads to Negative Effects, Surplus Bauxite Difficult to Consume

The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut costs or halt production. However, there is hope for relief through potential relaxation of the export ban policy. Efforts are underway to boost alumina production capacity, although challenges persist in addressing the surplus bauxite issue.

time

Feb 2, 2024 10:41

Analysis Industry

Indonesia's Ban on Bauxite Exports Leads to Negative Effects, Surplus Bauxite Difficult to Consume

China's Monthly Alumina Import and Export Data in July 2021

SHANGHAI, Aug 23 (SMM) - According to China Customs, China exported 51,400 mt of alumina in July 2021, and exported 92,800 mt of alumina from January to July 2021.

time

Aug 23, 2021 13:56

China's Monthly Alumina Import and Export Data in July 2021

Global copper ore resources structure and overseas investment by Chinese companies

Production cost of global copper ore is expected to rise in the future amid new inflation cycle, lower raw ore qualities and improved concerns on environmental protection and mining safety, according to Yang Bing, SMM consultant.

time

Dec 4, 2020 17:19

Reminder SMM Insight

Global copper ore resources structure and overseas investment by Chinese companies

China’s key investment plans lend support to metals

China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned.

time

Feb 26, 2018 17:14

China’s key investment plans lend support to metals

China’s infrastructure investment accelerates, boosting metals consumption

China's infrastructure investment grew 20% year-on-year to 12.67 trillion yuan for the first 11 months of this year

time

Dec 14, 2017 16:52

China’s infrastructure investment accelerates, boosting metals consumption

SHFE Base Metals Warrants (2017-10-13)

The table below shows warrants of base metals on the SHFE on October 13.

time

Oct 13, 2017 15:39

SHFE Base Metals Warrants (2017-10-13)

SHFE to Push R&D of Metal Products and Copper Options

SHFE vice-general manager said at the 2017Asia Tin Week on September 13 the SHFE will push business innovation in the near future.

time

Sep 13, 2017 16:46

Industry Reminder

SHFE to Push R&D of Metal Products and Copper Options

SHFE Base Metals Warrants (2017-9-7)

The table below shows warrants of base metals on the SHFE on September 7.

time

Sep 7, 2017 16:16

SHFE Base Metals Warrants (2017-9-7)

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.