Page 19 - Altogether Magazine Issue 5 English
P. 19
It appears certain that the real crisis that the aluminium
industry is facing on the regional and global level is
directly related to the level of supply that came as a result
of improved production capacity among all the producers
of primary aluminium, while the supply markets didn’t
record any unexpected declines. In view of this it is
important to take into account that China plays major
role in the supply and demand indicators and the levels
of production and consumption in the world. China is still
the leading global consumption indicator for aluminium.
China has great capabilities in production. However
China’s imports of aluminium decreased during the
time period that producers were preparing for an
increase in the Chinese demand for aluminium,
which has led to higher production and thus surplus
stock that led to a decline price at prevailing levels.
This means that the price of aluminium has fallen by In contrast, indicators of the industry among Gulf
19.5% in a year, which reflects the extent of the challenges countries are moving at an active pace, as they are
that the industry is facing. These challenges requires builiding their plans on the growing demand from
producers to focus on reducing the cost of production the construction, packaging, transport and other main
and to study the markets’ supply and demand indicators, sectors, in addition to the numerous large-scale projects
in addition to global economic growth indicators when that are being executed which will stimulate domestic
they start planning to increase production capacity in demand for aluminium products for a period that
the view of its importance in raising the level of the exceeds ten years. It is expected for the local markets
decreased prices. of each of Qatar, KSA and UAE to accommodate full
production, while the availability of natural gas would
support Qatar’s the industry through the reduction of
production costs on one hand and financing required
investments to build smelters and support downstream
industries on the other hand. The availability of bauxite
in KSA serves as a qualitative development in the supply
of raw materials and lower costs.
It is worth noting here that the aluminium industry
for region’s countries is expanding at the level of the
number of smelters and levels of production and
productive capacities. These countries are making
continuous efforts to open new markets for their
products in foreign markets. Gulf aluminium smelters
have recorded for good levels of production, with
production in Qatar up to 630 thousand metric tons,
1032 thousand metric tons for DUBAL, 816 thousand
metric tons for Emal Emirates, 912.7 thousand metric
19
industry is facing on the regional and global level is
directly related to the level of supply that came as a result
of improved production capacity among all the producers
of primary aluminium, while the supply markets didn’t
record any unexpected declines. In view of this it is
important to take into account that China plays major
role in the supply and demand indicators and the levels
of production and consumption in the world. China is still
the leading global consumption indicator for aluminium.
China has great capabilities in production. However
China’s imports of aluminium decreased during the
time period that producers were preparing for an
increase in the Chinese demand for aluminium,
which has led to higher production and thus surplus
stock that led to a decline price at prevailing levels.
This means that the price of aluminium has fallen by In contrast, indicators of the industry among Gulf
19.5% in a year, which reflects the extent of the challenges countries are moving at an active pace, as they are
that the industry is facing. These challenges requires builiding their plans on the growing demand from
producers to focus on reducing the cost of production the construction, packaging, transport and other main
and to study the markets’ supply and demand indicators, sectors, in addition to the numerous large-scale projects
in addition to global economic growth indicators when that are being executed which will stimulate domestic
they start planning to increase production capacity in demand for aluminium products for a period that
the view of its importance in raising the level of the exceeds ten years. It is expected for the local markets
decreased prices. of each of Qatar, KSA and UAE to accommodate full
production, while the availability of natural gas would
support Qatar’s the industry through the reduction of
production costs on one hand and financing required
investments to build smelters and support downstream
industries on the other hand. The availability of bauxite
in KSA serves as a qualitative development in the supply
of raw materials and lower costs.
It is worth noting here that the aluminium industry
for region’s countries is expanding at the level of the
number of smelters and levels of production and
productive capacities. These countries are making
continuous efforts to open new markets for their
products in foreign markets. Gulf aluminium smelters
have recorded for good levels of production, with
production in Qatar up to 630 thousand metric tons,
1032 thousand metric tons for DUBAL, 816 thousand
metric tons for Emal Emirates, 912.7 thousand metric
19
