Industry Analysis & Industry Trends
Australia is a substantial producer of alumina, accounting for over 20% of world production. The major players in the Alumina Production industry are vertically integrated, with Alcoa, Rio Tinto and South32 all having interests in the upstream Bauxite Mining and downstream Aluminium Smelting industries. The Alumina Production industry is also highly concentrated, with the financial performance of the major players having a large influence upon overall industry revenue.
Local aluminium smelters have been subjected to challenging market conditions over the past five years. This has pressured industry firms as domestic demand has fallen. The Alumina Production industry derives the majority of its revenue from exports, which exposes the industry to volatile global market conditions... purchase to read more
Industry Report - Industry Analysis Chapter
The Alumina Production industry has faced several challenges over the past five years, which has led to a slight contraction in revenue. The industry is heavily reliant on international trade, with revenue susceptible to changes in global market conditions. A drop in the world price of aluminium and a slowdown in demand from China have contributed to the industry's revenue decline, although this has been slightly offset by the depreciation of the Australian dollar.
The industry is highly concentrated, with revenue largely determined by the success of its major players, namely Alcoa and Rio Tinto. The closure of Rio Tinto's Gove refinery in June 2014 was a huge setback, limiting industry production volumes and consequently dampening revenue... purchase to read more