Industry Analysis & Industry Trends
Australia is a substantial alumina producer, accounting for about one-quarter of total world production each year. Alumina production is expected to total 20.9 million tonnes in 2013-14, compared with 19.6 million tonnes in 2008-09. Alumina output is expected to decline in 2013-14 as Rio Tinto's Gove refinery reduces output and domestic demand from aluminium smelters falls. Alumina output surged in 2012-13 as the full-year effect of large expansions at the Worsley, WA and Yarwun, QLD refineries drove volume growth.
Although some alumina is smelted into aluminium locally, the great bulk of output is exported. These exports, amounting to an expected 15.4 million tonnes in 2013-14, are expected to generate revenue of $5.2 billion for the year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the decline phase of its life cycle. Industry revenue has declined in the past five years on lower pricing, despite low volume growth. Further, industry value added, which is the industry's contribution to national GDP, is estimated to decline at an annualised 4.9% in the decade through 2018-19. This is in contrast to expected GDP growth of 2.6% over the same years.
Also contributing to the industry's decline phase is the industry's product and technology both being well-established, as are its markets. Similarly, the industry's major players have been active in alumina refining and related industries (bauxite mining and aluminium smelting) for many years, which has stifled innovation due to a lack of competition... purchase to read more