MarketLine Blog

Posts tagged to Aluminium Industry Reports

Primary aluminum producer Rio Tinto Alcan struggles amid triple threat

MarketLine

In summer 2007, Rio Tinto outbid rival American aluminum producer Alcoa Inc. to acquire Alcan Inc., Canada’s largest aluminum producer, for $38.1bn in a friendly takeover deal. The high price was paid with the belief aluminium prices would continue to rise, and China would eventually open up to foreign aluminium imports. However the acquisition soon turned sour. Sealed less than a month before the financial crisis came to the fore, aluminum prices plummeted from a 35 year high, falling 36.9% by 2009 from 2007’s peak. Relying on China as a… Read more

Primary aluminum industry falls prey to energy price hikes

MarketLine

The 2008 financial crisis had a serious impact on the aluminum industry, with global revenues declining over 40% in 2009. Despite two consecutive years of growth in 2010 and 2011, a decline in 2012 ensured industry sales have once again dipped below pre-recession levels. Analysis shows that the global aluminum industry declined by 11.8% in 2012 to reach a value of $84.5 billion, representing a compound annual rate of change (CARC) of -2.4% for the period spanning 2008-2012. This was despite growth in the Asia-Pacific region (fuelled by China’s relatively… Read more