GCC Aluminium production set for rapid growth, says Frost & Sullivan
Source: Frost & Sullivan , Author: S Venkatesan
Posted: Wed July 4, 2012 10:53 am

INTERNATIONAL. According to Frost & Sullivan, the Aluminum production in the Gulf Cooperation Council (GCC) is expected to grow significantly in the short to medium term. The region is expected to contribute around 15% of the total global production of aluminium by 2015.

GCC has no clear advantage in terms of feed stock, as alumina is imported by all companies except Saudi Arabian Mining Company that has captive bauxite mines to supply feed stock Alumina. However, the cost of power and the availability of the same provide an edge to the region. 

Energy costs account for one-third of aluminum production costs, and therefore, aluminum producers gravitate towards areas with cheap supply of natural gas.

Although Middle East leads in natural gas availability, gas allocation for aluminium projects has  been difficult in the region. New GCC Aluminium smelters are now focusing on promoting value added down stream industries using liquid metal.

This is expected to provide price advantage to down stream products as traditionally other down stream use solid Aluminium ingot for production. Frost & Sullivan believes this is expected to further position GCC as the destination of choice for Aluminium Producers.

Note: Perspective by S Venkatesan, Director, Metals and Minerals Practice, Middle East, North Africa and South Asia, Frost & Sullivan.

Frost & Sullivan, a Growth Partnership Company, enables clients to accelerate growth and achieve bestin- class positions in growth, innovation, and leadership.

For more information, please visit www.frost.com.


 

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 31, 2014
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
date:Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
dhgate