San Francisco, CA (PRWEB) October 20, 2012
Over the past five years, revenue for the Aluminum Ore Mining industry in China has been increasing at an annualized rate of 30.4% to $3.5 billion, says IBISWorld. Fluctuations in the global aluminum market are reflected in this industry. Aluminum prices dropped sharply in the second half of 2008 and remained relatively low during 2009 due to weak demand stemming from the global recession. With the recovery in the global economy in 2010 and 2011, aluminum and bauxite prices increased again.
With China's rapid economic development and domestic bauxite supply shortages, China has been importing large amounts of bauxite since 2003. The country's total bauxite ore exploration accounts for less than 10% of the global total. Furthermore, nearly 80% of domestic bauxite resources contain low-content ratios, resulting in poor competitiveness on the global market. Total imports, the vast majority of which are sourced from Indonesia and Australia, account for over 40% of domestic demand.
The Aluminum Ore Mining industry in China has a high industry concentration level. Most bauxite resources are controlled by large-scale enterprises, such as the state-owned Chalco, Yanshi Fudian Cooperative Bauxite Mine, and Shanxian Jinjiang Mining. In 2008, China implemented an energy conservation and emissions reduction strategy, which is leading a number of smaller, high energy-consuming and polluting mining enterprises to exit the market or merge with larger enterprises. In addition, the Chinese government is planning to restructure state-owned industry enterprises.
For more information, visit IBISWorld’s Aluminum Ore Mining in China industry report page.
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IBISWorld Industry Report Key Topics
The Aluminum Ore Mining industry in China consists of enterprises that mine bauxite, the principal ore of aluminum, and process raw materials such as washing and ore dressing. More than 90.0% of bauxite is further processed into alumina, with the remainder used as refractory materials, abrasive materials and raw materials for high-alumina cement. There are four main bauxite types: karst accumulation bauxite, lateritic bauxite, sedimentary bauxite and aluminum concentrate.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.