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GCC aluminum output targets 5 million tonnes in 2015

The collective aluminum output by five aluminum majors in the GCC region has increased by 31% during 2014, when matched with the previous year.
 
The primary aluminum production by these five companies totaled 4.928 million tonnes in 2014 as compared with the total production of 3.749 million tonnes in 2013. The five companies are Emirates Global Aluminium (UAE), Aluminium Bahrain (Bahrain), Ma’aden Aluminium (KSA), Qatalum (Qatar) and Sohar Aluminium (Oman).
 
According to the Gulf Aluminium Council, the region’s aluminium production constitutes 10% of the global production. The major contributors to the steep rise in production were Ma’aden Aluminium and Emirates Global Aluminium, which posted the highest year-on-year growth in production. The GCC aluminium production targets to cross the 5 million tonne landmark in 2015.
 

Almost 40% of the primary aluminium produced in the region is consumed by domestic aluminium market players who use them for various local and international projects. The balance is exported to different regions of the world

Source:Scrap Monster

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