India, Middle East emerge as new aluminum hubs
May 06, 2013 | 10:41 AM
| Shivani Singh
SINGAPORE China is still the big story in primary aluminum production on a global scale, but India and the Middle East are coming up as rival hubs, analysts and participants in the sector said.
Lower energy costs and easier access to raw materials are the biggest attractions in India and the Middle East, regions that market players say have room to grow as producers close shop in developed countries as power costs make their plants uneconomic.
Energy costs per tonne of aluminum produced range from $255 to $368 for major producers in the Middle East, a market source told AMM sister publication Metal Bulletin. In India, the energy costs range from $514 to $904 per tonne, the source added. ....
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