PUBLICATION

Global Business Reports

AUTHORS

Josie Perez, Edward Barss

GCC Aluminium 2015 - 2016 Pre-Release

November 11, 2015

Within the last few decades, primary aluminium production has seen tectonic shifts. As the metal has gained popularity as an alternative to steel and iron in many applications, new production is taking place outside traditional markets. Recognizing the energy-intensive nature of the industry, the Gulf Cooperation Council (GCC) countries have seized on the opportunity to leverage their energy wealth, financial strength, and the growth in domestic demand to diversify their economies by investing in aluminium production. Although the global price of aluminium has declined dramatically in recent years, roughly 40% since 2011, the number of smelters in the GCC has grown from two in 2008 to six in 2015.

The world has now turned its eyes to the GCC region for upstream aluminium production and the growing downstream. Each country is uniquely poised to respond to local, regional, and global demand and in turn the GCC will become an even more significant player in the global aluminium industry.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."

RECENT PUBLICATIONS

Latin America Chemical Week Report 2024

The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.

MORE PREVIOUSLY PUBLISHED

MACIG

"Zambia indeed deterred many investors due to multiple policy shifts in the mining tax regime that showed no consistency. However, since 2021 and with a new government in place, we have seen more stability as well as investor-friendly policies."

SUBSCRIBE TO OUR NEWSLETTER