Despite observing vast rise in demand across the transportation sector, some factors will rein in the growth of the global aluminum alloy market. Chief ones of these include the fluctuating raw material costs and the concerns related to the mining of bauxite across a number of regional markets with strict
Guinea's mines ministry said in August that Chalco, Chinalco's listed arm, was set to invest $500 million to churn out bauxite, a raw material for aluminum, in the country's north. "It is predicted that at the end of this year or the beginning of next year we will launch," Lu Dongliang, senior vice president at
Chemical factories and aluminum smelters are among the latter and, according to the aforementioned Rahul Sharma, the local shortage is pushing them to make costlier overseas purchases, which has increased their power costs by 50 per cent. Thermal coal at the Australian port of Newcastle, which is an
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