Global aluminium demand to grow at 7.6pc

Global primary aluminium demand is expected to grow at a compound annual growth rate (CAGR) of 7.6 per cent from 2014 to 2017 with Asia and the Americas generating the greatest share of demand, said a top official.

UAE-based Emirates Global Aluminium (EGA) exported 56 per cent of its production in 2014 to Asia and the Americas, explained Adel Abubakar, managing director of Dubal America, highlighting that the company was well placed to achieve further market share.

He was speaking at the recent Platts Aluminium Symposium 2015, which was staged in US city of Scottsdale, Arizona.

Abubakar added that substantial future growth will be in value added products - a niche focus for EGA, where about 85 per cent of the 2.4 million tonnes manufactured each year comprises re-melt products, billets and slab.

“With the UAE-based EGA ranking among the top five primary aluminium producers in the world and being a significant exporter to world markets, EGA is in a strong position to leverage the continuous growth in demand forecast for primary aluminium,” he said.

EGA also leveraged its participation at Platts 2015 to further promote the EGA brand and to network with industry colleagues and clients.

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