The world’s largest aluminum companies
Aluminum is one of the world’s most widely used non-ferrous metals, and it is projected that there will be a growing supply-demand imbalance. Worldwide consumption is expected to be 1.1 metric tons less than global supply in 2016 and the growing volume of recycled aluminum is expected to further exacerbate the imbalance of supply and demand in the aluminum industry. In light of a rising supply surplus, aluminum prices fell by almost 20 percent in 2015 over 2014. As a result, aluminum producers were forced to increase their levels of idle production capacities.
The main aluminum markets include China and the rest of Asia and Oceania, Europe and North America. Aluminum demand in China grew at a compound annual growth rate (CAGR) of about 15 percent from 2011 to 2012. However, China’s double digit aluminum demand growth rates are expected to cool down and reach a tepid 6.5 percent in 2016. Globally, the main end-users of the base metal include the following sectors: transportation, construction, electrical engineering, machinery manufacturing and packaging.