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Aluminium market outlook - 2013 review and events to watch in 2014


Aluminium market outlook - 2013 review and events to watch in 2014

Report summary

2013 was a challenging year for the aluminium industry as the low price environment made an estimated 20Mt of smelter output unprofitable. The unrelenting squeeze on smelters' margins was the result of low aluminium prices and resilient alumina prices during the year which forced the closure of an estimated 1.2Mt/a of high cost capacity in the world outside China (ROW). China curtailed around 2Mt/a of high cost capacity, however, the country also completed an estimated 4Mt/a of new capacity.

What's included?

This report includes 1 file(s)

  • Aluminium market outlook - 2013 review and events to watch in 2014 PDF - 797.41 KB 9 Pages, 2 Tables, 6 Figures

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
  • 2013 Year in review
  • Events to watch in 2014
  • Demand Analysis
  • Supply Analysis - Market wants more curtailments
  • Indonesia, Gove and China are lifting spot alumina prices

In this report there are 8 tables or charts, including:

  • Executive summary
  • 2013 Year in review
    • Price, premium and cost, 2012
    • Aluminium market outlook - 2013 review and events to watch in 2014: Image 2
  • Events to watch in 2014
    • Stock financing was very profitable in 2013
  • Demand Analysis
    • Regional growth in demand, 2013-2014, (y-o-y %)
    • Aluminium market outlook - 2013 review and events to watch in 2014: Image 5
  • Supply Analysis - Market wants more curtailments
    • Voluntary smelter curtailments effective since October 2011, kt/a
  • Indonesia, Gove and China are lifting spot alumina prices
    • China‚Äôs refineries projected to have 78 weeks import bauxite stockpiled at end 2013
    • Rest of World alumina balances, China imports and Spot prices, 2012-2013, (kt)
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