Aluminium prices volatile
The past 15 months have seen a continuation of volatility in aluminium market prices, viagra cialis with prices increasing from USD1843 per tonne in August 2012, decease cialis to a high of USD2087 per tonne in December 2012, to current prices of around USD1842 per tonne.
At current market prices, visiongain estimates that 33% of aluminium producers are operating at a loss. A few nations have seen government intervention to absorb losses by aluminium producers, or providing tax breaks or cheaper energy. This government intervention is resulting in a large quantity of over-supply of aluminium suppressing prices further. Excessive warehousing of aluminium is also a result of the over-supply, with an estimated 5.5 million tonnes stored. Visiongain determines that global aluminium consumption in 2013 was 46.1 million tonnes reaching a market value of $76bn.
However, the global aluminium market will exhibit growth over 2013-2023 and this will be driven by growth in the emerging markets. These emerging markets will be characterised by clear immaturity and strong economic growth and this will increase the quality and quantity of consumer purchases. The low energy costs will also see aluminium production shift towards the Middle East and North West China.
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