Industry Analysis & Industry Trends
Revenue for the Aluminum Smelting industry in China has been growing at an average annualized rate of 7.7% between 2010 and 2015 to $84.5 billion. As a basic metal, aluminum has a wide variety of applications within the Building Construction (IBISWorld industry report 4710), Automobile Manufacturing (3721), Power Grid Construction (4725), and packaging material industries. These downstream industries are strongly promoted by China's booming economy and rising urbanization.
With increasing downstream demand for aluminum products over the past three decades, aluminum-related industries developed rapidly, expanding output capacity as product prices appreciate. Alumina output, the major material for primary aluminum, has increased from 3.3 million tons in 1998 to 51.3.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2015, revenue for the Aluminum Smelting industry has increased at an annualized rate of 7.7%–from $58.3 billion in 2010 to $84.5 billion in 2015. Industry profitability has been weak, however, due to rising raw material costs, higher electricity expenses, and the global financial crisis.
Before 2005, exports accounted for a large proportion of industry revenue. However, the government limited export volumes of aluminum products to protect Chinese mineral resources. An export rebate of 8.0% on aluminum products was canceled in 2005 and replaced with a 5% export tariff payable by aluminum product manufacturers. This export tariff was increased to 15% in 2008... purchase to read more