Recovery in aluminium market to begin in 2010
According to a new report by Roskill, the aluminium market will start recovering in the second half of 2010. The report, which analyses worldwide aluminium supply and demand, said that the global market is likely to grow by 4 to 5% in 2011 led by China.
Average growth in the global aluminium market to 2013 will probably be about 2.6%py resulting in total demand of about 58Mt, it said. As per the report, total use of aluminium including all forms of secondary metal, amounted to about 51Mtpy in 2007, and was probably little changed in 2008. Consumption was divided regionally into about 44% in Asia and 27% each in Europe and the Americas, while the major markets for aluminium were transportation (14% of demand), construction (11%) and packaging (6%).
The Chinese market (almost 30% of the world total in 2007 and 2008) expanded by about 27% in 2007. Antaike (Beijing Antaike Information Development Co, Ltd, the leading information provider for the mining and metals industries) estimates that it increased by about 8% in 2008 and will increase by 3% in 2009. In Europe, North America and Japan, demand will almost certainly fall in 2009 and will either level out or show minimal growth in 2010.
The report clearly states that China dominates the global aluminium with countries like Russia, Canada, the USA, Australia, Brazil, Norway and India being the other principal producers.