BRAZIL ALUMINIUM CONGRESS: Demand to triple by 2025, national aluminum assn says
Apr 29, 2012 | 09:00 PM
|
Aluminium demand is expected to surge in Brazil in the next few years, driven by development projects in civil construction and transport, as well as upcoming sporting events.
“Brazil is expected to consume 1.5 million tonnes of aluminium in 2012. In 2025, the country will be consuming 4.5 million tonnes,” Adjarma Azevedo, president of Brazilian aluminium assn Abal, said during the opening of this year’s International Aluminium Congress in Sao Paulo.
The main concern of the local industry, however, is the growing volume of imports. In 2011, Brazil imported 425,100 tonnes of aluminium, compared with 278,100 tonnes in 2010.
The five main aluminium producers in the country – Norsk Hydro’s Albras, Alcoa, BHP Billiton, Novelis and Votorantim Metais – have together recorded a 6.8% decrease in production in 2011.
Brazil’s aluminium output totalled 1.44 million tonnes in 2011, compared with 1.53 million tonnes the year before. Production....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here