As the year 2021 ends, AlCircle brings its latest report - Aluminium Industry Recap 2021, summarising the important changes throughout the year. The report highlights the major inventions, expansions, growth, investments, and other important legislative changes that reshaped the global aluminium sector value chain 2021.
All the events mentioned in the recap are analysed analytically to ensure the readers with a critical comprehension of all the movements that had taken place in the aluminium value chain in the said year.
Overall, 2021 was a year of recovery from the devastation caused by the COVID-19 pandemic of 2020. To begin with, according to the International Aluminium Institute, the world primary aluminium production amounted to 61.792 million tonnes during January-November 2021, compared to 59.629 million tonnes a year ago. That represented a year-on-year increase of 3.63 per cent.
As far as the upstream sector is concerned, alumina also saw a price high. China’s domestic alumina price also reached the highest in past thirteen years at RMB 4,119 per tonne or US$600 per tonne in late October. After remaining range-bound till April-end between US$364 per tonne and US$367 per tonne, the domestic alumina price picked up from May to reach US$598 per tonne by late September.
In the downstream sector, the end user sector was seen moving towards a more sustainable approach like the use of ultra-low carbon cans by Budweiser Brewing Group. This was followed by the news many successful automotive companies like Fiat, planning to go all-electric by the coming decade. Companies like Mini, Volvo, Ford, are planning to make the jump by 2030.
The year 2021 also showed the increased need for recycled aluminium. The rise of the aluminium recycling business has been fuelled by the constant increase in demand for aluminium in the worldwide market from the transportation and packaging industries over the last decade. The overall quantity of aluminium packaging collected in 2021 through kerbside, carry, and on-the-go was 28,601 tonnes, up 11% from 2020, according to the Q3 report. Energy from waste (EFW) recovered tonnage, on the other hand, closed at 11,052 tonnes in 2021, up from 8,463 tonnes in 2020, representing an increase of 8%.
To know, what more AlCircle Aluminium Industry Recap 2021 offers, below given are a few points in nutshell:
Bauxite
Alumina
Primary Aluminium
Downstream Aluminium
End-user
Recycling
For a detailed Table of Content, click here
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