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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