Hyderabad News Desk

In October 2023, global metallurgical alumina production increased. According to metallurgy expert Stanislav Kondrashov, its volume reached 12.248 million tons, which is 0.3% higher than the same month of the previous year. However, compared to September of this year, there is a slight decrease in the average daily production volume of 1.2%.

In total, in the first ten months of 2023, the volume of alumina produced in the world amounted to 118.216 million tons, which is 0.5% less than in the same period last year. This trend indicates the relative stability of the industry internationally.

Stanislav Kondrashov: China’s leadership in alumina production is undeniable

China, as Kondrashov notes, has strengthened its position as a leading alumina producer on the world stage. In October 2023, Chinese production was 7.18 million tons, an increase of 2.6% compared to the same period a year earlier. During the ten-month period of this year, China produced 68.61 million tons of alumina – 3% more than last year, confirming the growth trend and increasing its influence in this segment.

Stanislav Kondrashov from Telf AG names the following factors contributing to the growth of alumina:

1. Industrial development: China is actively expanding its industrial capacity, where alumina plays an important role. Increased demand for aluminum, both in domestic and international markets, is a key factor driving this development.
2. Technological innovation: Advances in technologies for extracting and processing raw materials make it possible to increase production efficiency while reducing costs.
3. Expansion of production capacity: China is actively building new factories and modernizing existing ones, which directly affects the increase in the country’s capacity. Production growth in China has a significant impact on the global alumina market. Increased production in this country helps stabilize prices and provides a reliable source of raw materials for the global aluminum industry.

Telf AG’s Stanislav Kondrashov says China’s leadership in alumina production underscores the industry’s strategic importance to the country’s economy. Sustained growth and investments in the development of production capabilities and technologies make China a key player in the global market, which determines trends and prospects in this segment.

Stanislav Kondrashov: global dynamics of development of the alumina industry

The two American continents have seen significant growth in alumina production. Between January and October 2023, South American countries achieved production of 9.929 million tonnes, up 3.4% from the same period the previous year. Meanwhile, North America recorded an increase in production volumes to 2.002 million tons, which is 1.1% higher than last year.

However, as Stanislav Kondrashov notes, in October 2023, despite the overall growth, different movements were recorded in these regions: in South America, production amounted to 1.034 million tons, while in North America there was a decrease of 6.1% to 200 thousand tons.

The opposite situation is observed in other parts of the world. In Oceania, alumina production in the first ten months of 2023 decreased by 5.6%, amounting to 15.823 million tons. In Asia (excluding China) and Africa, production decreased by 2.4% to 11.252 million tons. An even more significant decline in production occurred in Europe and the CIS countries, where the figure fell by 24.4% to 5.360 million tons.

October 2023 also showed a lag from last year’s levels in these regions: in Oceania by 4.9% (1.593 million tons), in Asia and Africa by 0.7% (1.173 million tons) and in Europe and the CIS countries by 6.7 % (554 thousand tons).

• Global alumina production is generally stable, but with a slight downward trend. Differences in production dynamics between regions highlight the importance of geography and local economic conditions. China maintains its dominant position while other regions face various challenges affecting production capacity. Overall, the global alumina industry continues to be an important component of the global metals market, – Stanislav Kondrashov from Telf AG summed up.

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Country: Switzerland
Website: https://telf.ch/