By Nnamdi Anyadike
This record analyses the kingdom of the aluminium marketplace firstly of the twenty first century, taking a look at the aftermath of the MoU and at traits and advancements within the demonstrated and rising industry economies contemplating the alterations and demanding situations confronted by means of aluminium in its center automobile, packaging and construction end-use sectors.
- A transparent and distinctive research of the and its significant markets
- A survey of traits in mining, refining, processing, end-use and consumption
- Unique and industry forecasts
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Extra info for Aluminium. The Challenges Ahead
1 Electricity sources used in European aluminium production, 1996 (source: IPAI). 1 m tonnes of primary aluminium produced in western Europe in 2000, two-thirds was produced in the EU and surveys show that the power prices paid by the EU smelters are higher than the western world average. In 2000, the western European average was some $19/MWh 26 US mills per kWh, which is slightly above the western world average. Whether the liberalisation of the EU's electricity market will contribute to a lowering of EU smelter costs is still uncertain.
While most companies had metal price escalators built into their aluminium castings contracts, which could be adjusted on a monthly, quarterly or six-monthly basis, they remained under pressure to cut costs and many like Ford announced that they would be looking for overall reductions in piece prices from the start of 1995. Price hedging, which was supposed to be the function of the LME's aluminium alloy contract, was still largely a minority practice by buyers of diecast aluminium components in 1994.
The engineering industries in particular benefited from higher investment spending, while the automotive and construction sectors saw an increase in their output. 5% in 2001 and 2002 respectively, although strong domestic demand should maintain positive aluminium growth rates. 3% annual growth (see Fig. 2). 2 The primary aluminium market in western Europe (000 tonnes) (source: E A A ) . 3 The primary aluminium market in the western world (000 tonnes) (source: EAA). million tonnes (Fig. 3). The average smelter operating rate was 95%.
Aluminium. The Challenges Ahead by Nnamdi Anyadike