Industry Analysis & Industry Trends
The Aluminium Production industry produces aluminium through smelting and the recycling of scrap metals. It also handles basic aluminium processing. Over the past 10 years, the industry's primary aluminium production capacity has severely declined. Two smelters, located in Anglesey and Lynemouth, closed in 2009 and 2012 respectively. This left just one operational primary smelter in Lochaber, Scotland, which was operated by Rio Tinto until the end of 2016, when it was acquired by Liberty House, an international commodities business. Volatile metal prices, rising energy costs and lacklustre demand from downstream markets have all buffeted aluminium producers in recent years. Industry revenue is expected to decrease by 1.4% in 2016-17 to reach £1.3 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Aluminium Production industry is in the decline stage of its life cycle. Industry value added is estimated to decline at a compound annual rate of 1.7% over the decade through 2021-22. Over the same period, the economy is expected to grow at a compound annual rate of 2.3%. This shows that the industry's contribution to the wider economy is falling, which is a sign of an industry in decline.
Although aluminium production is expected to grow in the next few years, the lack of primary smelters will drag on the industry. With just one primary smelter left operating in the United Kingdom and little prospect of other companies entering the industry, output growth will be limited. Whi.. purchase to read more