Aluminium is the third most abundant metallic element on the earth after silicon and oxygen. It is a chemical product in the boron group with symbol Al and atomic number 13. It comes in various alloys that determine the hardness or softness of the metal. Aluminium plays a big part in manufacturing applications. It is lightweighted and highly corrosion-resistant because of common atmospheric gases and a wide range of liquids. It is corriosion-resistent and 100% recyclable. Aluminium is a unique element which is strong, durable, flexible.
In 1990, annual turnover of Aluminium was only 1000 tonnes. At the end of 2005, annual turnover had reached 31 million tonnes(MT), making aluminium world's second most used metal. Global primary aluminium production in 2012 was 40.974 million metric tonnes(MMT), up from 39.930 MMT in 2011. And Global primary consumption of aluminium raise to 48.075 MMT in 2012, which was higher than 44.594 MMT in 2011.
Primary production of Aluminium globally increased in 2012 as compared to production in 2011. In all over world major exporting companies in world are Germany, Russia and Canada and major importing countries are Garmany, USA and China.
Presently, India is the fifth largest producer of aluminium in the world. Average annual production of aluminum in India is 171,3924 MT. Top aluminium producers in India are Hindalco, NALCO, Bothra Metals, Guj foils, Sacheta Metals etc.
Commodities Prices- Market prices of aluminium are fixed in India on the basis of the rates that rule on the international market and Indian Rupees and US Dollar exchange rates.
Events- Economic events such as global financial crisis, national industrial growth, recession and inflation affect metal prices.
Trade Policies- Trade policies which are implemented by goverment like suspension of taxes, penalties, and quotas affect supply as they regulate material flow.
Though, it is assuming that by 2020, global aluminium production will exceed 70 million tonnes per annum. More than 60% of this metal will be likely produced in china, but growing market in India and Brazil increasing accessibility of resources.