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 Key Buyers Chapter
The industry is highly concentrated, with only a few large firms accounting for the bulk of production. IBISWorld estimates that the four largest firms in the industry will account for 96.2% of industry revenue in 2013-14. Alcoa alone accounts for well over one-third of industry revenue, with Rio Tinto also making up for a large proportion of industry revenue. The industry concentration level has remained stable in the past five years due to the small number of firms operating in the industry and limited merger activity.
Australia is the largest alumina producing country worldwide and its refineries are cost competitive. High industry concentration reflects the large minimum efficient plant size required for alumina refineries to compete on the global stage... purchase to read more