It makes sense that aluminum is one of the on the whole common elements in our planet, as aluminum is prevalent in nearly everything we management. We drink from aluminum cans, and management foil to protect and cook foods. We used the finished product for containers, transportation, and medical uses. Every day, people around the world come into contact with this product in a few way, and because of its malleable and conductive properties its possible to see greater innovations imagined for the future.
Quick Facts Not far off from the Aluminum Industry
According to the Aluminum Association, the supply in the United States alone totaled almost 25 billion pounds. This includes newly produced aluminum and recycled materials.
As one of the planets on the whole common elements, aluminum is a highly sought material used in construction, for household purposes, and for military.
Aluminum production is prevalent on every part of major continents, with not far off from 44,0000 metric tonnes produced in 2011. (Source: The International Aluminum Institute)
Aluminum comes from bauxite, an ore that is processed to separate aluminum oxide from iron oxide. Alumina, extracted from aluminum oxide, is the primary ingredient in creating the aluminum we management.
Top ProducersExporters of Aluminum
According to the United States Geological Survey, the following countries lead the world in production:
China – Chinas production for the last not many years totaled almost half the global output. In addition to being a large producer, China is too one of the top importers due to growing demand.
The United States – The US industry currently focuses on energy efficiency in order to compete in the world market.
Russia – Russia is home to RUSAL, the largest aluminum company in the world. RUSAL has interests throughout Eastern Europe and parts of Africa.
Canada – Considering Russia, Canada is the second largest exporter of product, with the United States its largest trade partner.
Australia – The Australian industry enjoyed fast growth over the last century, thanks in part to large bauxite deposits.
Challenges in the Aluminum Industry
Early in 2012, The Motley Fool reported various concerns in the aluminum industry, noting in particular how a few of the top aluminum companies like Alcoa did not surpass revenues from the previous year. An excess of supply be able to threaten future production, as it appears that manufacturers have extra than is needed for projects, forcing a few companies to cut production. One silver lining in this situation lies with China, which currently experiences a growing demand for this product.
One advantage to excess supply, however, could help improve various industries. Because aluminum is lighter than other metals, management in automotive manufacturing could help reduce car emissions and increase fuel efficiency. As consumers become extra environmentally and socially conscious, aluminum production and usage stands to play a larger role in industry in the future.