Alumina refining and primary aluminum production includes establishments mainly involved in refining aluminum oxide (alumina) primarily from bauxite and producing aluminum from alumina and/or producing aluminum from alumina and rolling, drawing, extruding, or casting the aluminum into primary forms such as bar, rod, sheet, plate, strip, billet and ingot.
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The global alumina refining and primary aluminum production market was valued at $38 billion in 2017. There is negative growth in the market which can be attributed to fall in the commodity prices of metals such as aluminum, high operational costs and stringent regulations associated with ferroalloys manufacturing.
The global alumina refining and primary aluminum production market can be segmented into alumina refining, and aluminum production.
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China was the largest country accounting for one-fifth of the global alumina refining and primary aluminum production market. This is due to increased investments in the construction industry and the move towards rapid industrialization to improve the standards of living in the country. China is followed by India and Japan as the next largest countries in the market.
The top five competitors in the global alumina refining and primary aluminum production market are Rio Tinto, United Co RUSAL PLC, Alcoa, JISCO, and Hindalco Industries.
Rio Tinto has developed some of the world’s largest mines and operations, and has people working in around 35 countries across six continents.
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