World Bauxite and Alumina Market - market research report

BAUXITE AND ALUMINA MCP-2019
A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Bauxite I-3
Alumina I-3

II. EXECUTIVE SUMMARY

1. Industry Overview II-1
Aluminum Sector Driving the Demand for Bauxite and Alumina II-1
Refractories & Abrasives: Leading Segment of Non-Metallurgical
Market II-1
Table 1: Leading Players in the Global Alumina Market (2004 &
2005): Percentage Breakdown of Capacity for Alcoa, Alcan,
Chalco, BHP Billiton, Glencore, RUSAL and Others (includes
corresponding Graph/Chart) II-2

Table 2: Leading Players in the Global Bauxite Market (2004 &
2005): Percentage Breakdown of Capacity for Alcoa, Alcan,
Comalco, Chalco, BHP Billiton, RUSAL and Others (includes
corresponding Graph/Chart) II-2
Global Production II-3
Table 3: Global Alumina Market (2004, 2005 & 2006):
Percentage Breakdown of Production Capacity by Region/Country
- Australia, Latin America, Europe, North America, Asia
(including Japan) and Africa (includes corresponding
Graph/Chart) II-3

Table 4: Global Alumina Market (2004 & 2005): Percentage
Breakdown of Production Capacity by Grade - Metallurgical and
Chemical II-4

Table 5: Global Bauxite Market (2004 & 2005): Percentage
Breakdown of Production Capacity by Country - Australia,
Guinea, Jamaica, Brazil, China, India, and Others (includes
corresponding Graph/Chart) II-4
Current and Future Analysis II-4

2. Product Overview II-5
Bauxite: The Most Important Mineral for Producing Alumina II-5
Bauxite Composition II-5
Table 6: World Bauxite Market (2004 & 2005): Percentage
Breakdown of Reserve Capacity by Country (includes
corresponding Graph/Chart) II-6

Table 7: World Bauxite Market (2004 & 2005): Percentage
Breakdown of Reserve Base by Country (includes corresponding
Graph/Chart) II-6
Applications of Bauxite II-7
Bauxite as a Fluxing Agent in Blast Furnaces II-7
Non-Metallurgical Uses of Bauxite II-7
Alumina II-7
Alumina - Primarily Utilized in the Production of Aluminum II-7
Types of Alumina II-8
Activated Aluminas II-8
Versal Aluminas II-8
Alumina Market Segments: Applications in Various Fields II-8
Alumina in Natural Gas Processing II-8
Claus Catalyst Under Natural Gas processing II-8
Aluminas in Chloride Removal Process II-9
HF Alkylation Process II-9
Aluminas in Bed Support II-9
Aluminas in Dryers and Forming II-9
Aluminas in Ethylene Processing II-9
Polyethylene II-9
Aluminas in Oleflex Process II-9
Aluminas in Air Separation II-10
Aluminas in Catalyst Supports II-10
Aluminas in Hydrogen Peroxide Manufacturing II-10
Aluminas in Water Treatment II-10
Manufacturing Process of Alumina II-10
Bayer Process II-10
Conversion of Alumina into Aluminum II-11
Alumina - Also Manufactured from Materials other than Bauxite II-11

3. Major Alumina and Bauxite Producing Countries II-12
Australia II-12
China II-12
Guinea II-12
Greece II-12
India II-13
Endowed with Vast Reserves of Bauxite II-13
Aluminum - A Power Intensive Industry II-13
Aluminum Industry II-13
Leading Alumina Producers II-13
Cost Competitiveness II-13
Factors Leading to Success II-14
Jamaica II-14
Blessed with Natural Resources, Mainly Bauxite II-14
Suriname II-14
Bauxite - A Major Mining Industry II-14
The United States II-15

4. Aluminum: The Major End-User II-16
The Metal II-16
Aluminum Industry: Experiencing Extensive Consolidation II-16
Table 8: Worldwide Per Capita Aluminum Consumption (2004) (In
Kilograms) (Includes Corresponding Graph/Chart) II-16
Aluminum Replacing Steel II-17
Transportation - A Booming Market for Aluminum II-17
Automotives II-17
Aerospace II-17
Packaging and Containers II-17
Building and Construction II-18
End-Use Applications of Aluminum Products II-19
Key Markets for Aluminum II-19
North America II-19
Europe II-19
India II-19
Brazil II-20
Venezuela II-20

5. Recent Industry Activity II-21
Aluminum Corp. of China and Alcoa Acquire Stakes in Rio Tinto PLC II-21
Ausenco Limited to Acquire Pipeline Systems Incorporated Group II-21
Poly Investments to Acquire Jebson Investments Ltd II-21
UC Rusal in Joint Venture with China Power Investment II-21
UC RUSAL Announces Launch of ALSCON Smelter in Nigeria II-22
JB Group of Hong Kong to Invest in Mining and Hospitality
Sectors in India II-22
Alcan, Rio Tinto Merge to become Global Aluminum Leader II-22
RUSAL Merges with Two Other Companies to Form United Company
of Rusal II-22
Chinalco Completes Merger of Two Companies II-23
Hindalco Completes Novelis Acquisition II-23
BOSAI Minerals Acquires Majority Interest in Omai Bauxite Mining II-23
Dubai International Capital LLC to Acquire Almatis GmbH II-23
Chinalco Plans Acquisition of Three Companies II-23
Alcoa, Sapa Complete Soft-Alloy Extrusion JV II-23
Alcan Inks Pact with Ma'aden II-24
Showa Denko, PT Antam, Straits Trading, and Marubeni Plan New
Chemical Alumina Complex in Indonesia II-24
QAG to Establish Joint Venture with Ashapura Minechem for
Alumina Project II-24
Ashapura Plans JV with Qing Tong-Xia Aluminum Group II-24
Hydro in JV with United Minerals II-24
L&T to Establish Joint Venture Alumina Plant with Dubal II-25
CVRD Signs MoU with Hydro for Development of New Alumina
Processing Plant II-25
IOC Signs MoU with NCCR and IIT Chennai to Develop New Process
for Alumina II-25
PT Antam and UC Rusal Signs Agreement to Establish Joint
Venture Project II-25
Rio Tinto Alcan Signs Agreement to Expand Alumina Supply to
Hydro Aluminum II-26
CBA Signs Contract with Outotec for Alumina Calcination Plant
Supply II-26
S&B Industrial Miner Enters into Preliminary Agreement with
Western Way to Supply Bauxite II-26
Alcoa Defense Secures Aluminum Armor Alloy Supply Contract
with AM General II-26
Alcoa CSI Bags Aluminum Closure Contracts in Japan II-27
Alcan to Sell Interest in Utkal Alumina to Hindalco II-27
Boksit Milici to Sell Bauxite Ore to Birac Alumina Plant and
Metal Investments II-27
Rio Tinto Alcan Establishes Specialty Aluminas Facilities in
Gardanne II-27
Rusal plans to Establish Aluminum Production Facility in
Kyrgyzstan II-27
NALCO to Establish Alumina Plant in Andhra Pradesh II-28
China Great Wall Aluminum to Establish Bauxite Selecting
Facility in Henan II-28
UC RUSAL Announces Launch of Khakas Aluminum Smelter II-28
UC RUSAL to Develop Aluminum Projects in Venezuela II-28
VCMP to Build Bauxite and Limestone Plant at an Investment of
US$1.6 billion II-29
Bauxilum to Expand Production Capacity II-29
Rio Tinto to Expand Alumina Refinery Capacity II-29
Rio Tinto Invests in Yarwun Refinery to Enhance Capacity II-29
Alcoa to Provide Shelby with Dura-Bright� Technology Powered
Aluminum Wheels II-30
Alcoa to Provide Dura-Bright� Technology Powered Aluminum
Wheels to TechArt II-30
Alcoa International Announces Sale of Chalco Stake II-30
Alcoa Introduces New �Carbon Capture� System at Kwinana Refinery II-31
Alcoa Announces Opening of Third Chinese Plant for Flat-
Rolled Products II-31
UC Rusal to Expand and Modernize Alumina Refineries II-32
Chalco to Acquire Fushun for US$62.1 Million II-32
Chalco Acquires Controlling Stake In Zunyi Aluminum II-32
RUSAL Acquires Stake in the Italian Euralumina Refinery II-32
Alro and Alum to Merge with Alprom II-33
AIST Develops New Purifying Agent for Exhaust Emission II-33
Alcan to Phase Out Quebec UPCA Plant II-33
Alcoa Forms Joint Venture with Shanxi Yuncheng Engraving Group II-33
Century Enters into a Joint Venture with Minmetals II-33
Rusal to Invest US$16 Billion by 2013 II-34
Dubal Aluminium to Set Up New Smelter in Abu Dhabi II-34
Halco Enters into an Agreement for Bauxite Rights and Supply
in Guinea II-34
MRL Enters into an Agreement with Century Aluminum II-34
Shandong Aluminum Enters into Two Long Term Supply Contracts II-35
Alcan Signs MoU with the Republic of Ghana to Set Up a Joint
Venture II-35
Global Alumina Signs MoU with Chalco for Alumina Supply II-35
Almatis Expands Tabular Alumina Facility II-35
Global Alumina Establishes a New Joint Venture Company II-35
Alunorte Begins Third Expansion Project II-36
Showa Denko Enters into a Joint Venture with Antam, STAR and
Marubeni II-36
Chalco Forms a Joint Venture with GWHD II-36
Alcoa and Vinacomin Forms Joint Venture to Build Alumina Refinery II-36
Washington Group International Bags Windalco Contracts II-36
Kaiser Aluminum Extends its Contract with A.M. Castle & Co. II-37
RUSAL Starts Mining at Russian Bauxite Deposits II-37
Alcoa Signs MoU with Vinacomin II-37
JSW Aluminium Inks MoU with Andhra Pradesh Government II-37
Hindalco Industries Signs MoU with Government of Madhya Pradesh II-37
Antam to Build Alumina Plant II-38
AWAC Completes Pinjarra Facility�s Up-gradation II-38
Engelhard Corp Acquires Almatis AC II-38
JM Huber Group Acquires AluChem II-38
Praxair Acquires Alcan�s High-Purity Aluminum Business II-38
Alcoa Bags Lightweight Military Ground Vehicle Development
Contract from US Army II-39
Invensys Process Systems Receives Contract from Luoyang
Xiangjiang II-39
ESL Introduces New Alumina Cover Plates for Fuel Cell
Applications II-39
Showa Denko Increases Single Morundum Fused Alumina Abrasives
Production Capacity II-39
Alcoa�s Bohai Aluminum Joint Venture Gets Chinese Approval II-40
Alcan and Alcoa World Alumina Enter into Agreement for Setting
up Alumina Refinery II-40
RUSAL and Sual Invest $870m in Komi Aluminium Project II-40
Alcoa Invests US$1.6 Billion to Expand Various Operations II-40
AWAC to Join Hands with Government of Jamaica II-40
Chalco and Shanxi Guanlu Set Up a New Joint Venture in Shanxi
Province II-41
Sual Group�s BAZ Sets Up New Facilities II-41
Nikolaev Alumina Increases Production Capacity II-41
CBA to Expand Aluminum Production Capacity II-41
Montenegro Divests Stake in Rudnici Boksita II-41
Dubal Acquires Stake in Global Alumina II-42
Alcoa Acquires Fabricating Facilities in Russia II-42
L&T Allies with Dubal II-42
CVRD and Chalco Form Joint Venture II-42
Dubal Inks Long Term Agreement with Guinea Alumina II-42
Metallica Inks Bauxite Development Agreement with Aldoga II-43
Rusal and Sual Sign Joint Agreement for Komi Aluminium Project II-43
Alcoa and Government of Ghana Enter into MOU II-43
CVRD to Install Two New Production Lines II-43
Suralco Expands Alumina Refinery in Suriname II-43
Alcoa and BHP Billiton Divest Integris Metals to Ryerson Tull II-43
Alcoa Expands Capacity in Brazil II-44
RUSAL Acquires Stake in QAL II-44
GAPCO Merges with PL Internet II-44
Alumina Acquires Stake in Bauxite Deposits in Brazil II-44
AWAC and Alcan Enhance Stake in Halco II-44
GAPCO and Honeywell Enter into Long-Term Partnership II-45
Worley Bags Contract in Ireland II-45
Cambior and Government of Guyana Sign Pact II-45
AWAC Signs Agreement with Jamaican Government II-45
Alcoa, Alcan, and Government of Guinea Sign Agreement II-45
Electronorte and Alcoa Sign Supply Pact II-45
VAL and OMC Sign MOU II-46
Hydro Aluminum Divests Stakes in German Alumina and Bauxite
Units to Dadco II-46
Kaiser Divests Stake in Alpart to Glencore II-46
Alcan Marks Pechiney as a Wholly owned Subsidiary II-46

6. Focus on Select Global Players II-47
Alumina Limited (Australia) II-47
Aluminum Company of America (ALCOA) (USA) II-47
Aluminum Corporation of China Limited (Chalco) (China) II-47
BHP Billiton Group (Australia) II-48
Companhia Vale do Rio Doce (Brazil) II-48
CVG Bauxilum (Venezuela) II-49
Glencore International AG (Switzerland) II-49
Century Aluminum Co. (USA) II-49
Hindalco Industries Ltd. (India) II-50
Kaiser Aluminum Corporation (USA) II-50
National Aluminum Company Ltd. (India) II-50
Norsk Hydro (Norway) II-51
Rio Tinto Alcan, Inc. (Canada) II-51
United Company RUSAL (Russia) II-51

7. Global Market Perspective II-53
Table 9: World Recent Past, Current & Future Analysis for
Bauxite and Alumina by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) II-53

Table 10: World Long-term Projections for Bauxite and Alumina
by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in Thousand Metric
Tons for Years 2011 through 2015 (includes corresponding
Graph/Chart) II-54

Table 11: World 10-Year Perspective for Bauxite and Alumina by
Geographic Region - Percentage Breakdown of Unit Sales for US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets for Years 2003, 2008 & 2012
(includes corresponding Graph/Chart) II-55
Analytics for Bauxite and Alumina by Product Segment II-56
Table 12: World Recent Past, Current & Future Analysis for
Bauxite by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) II-56

Table 13: World Long-term Projections for Bauxite by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in Thousand Metric
Tons for Years 2011 through 2015 (includes corresponding
Graph/Chart) II-57

Table 14: World 10-Year Perspective for Bauxite by Geographic
Region - Percentage Breakdown of Unit Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets for Years 2003, 2008 & 2012
(includes corresponding Graph/Chart) II-58

Table 15: World Recent Past, Current & Future Analysis for
Bauxite by Product Segments - Metallurgical Bauxite and
Non-Metallurgical Bauxite Markets Independently Analyzed with
Annual Sales in Thousand Metric Tons for Years 2001 through
2010 (includes corresponding Graph/Chart) II-59

Table 16: World Long-term Projections for Bauxite by Product
Segments - Metallurgical Bauxite and Non-Metallurgical Bauxite
Markets Independently Analyzed with Annual Sales in Thousand
Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-59

Table 17: World 10-Year Perspective for Bauxite by Product
Segments - Percentage Breakdown of Unit Sales for
Metallurgical Bauxite and Non-Metallurgical Bauxite Markets
for Years 2003, 2008 & 2012 II-59

Table 18: World Recent Past, Current & Future Analysis for
Metallurgical Bauxite by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in Thousand Metric Tons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-60

Table 19: World Long-term Projections for Metallurgical
Bauxite by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-61

Table 20: World 10-Year Perspective for Metallurgical Bauxite
by Geographic Region - Percentage Breakdown of Unit Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2003, 2008 &
2012 (includes corresponding Graph/Chart) II-62

Table 21: World Recent Past, Current & Future Analysis for
Non-Metallurgical Bauxite by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in Thousand Metric Tons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-63

Table 22: World Long-term Projections for Non-Metallurgical
Bauxite by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-64

Table 23: World 10-Year Perspective for Non-Metallurgical
Bauxite by Geographic Region - Percentage Breakdown of Unit
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) II-65

Table 24: World Recent Past, Current & Future Analysis for
Alumina by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) II-66

Table 25: World Long-term Projections for Alumina by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in Thousand Metric
Tons for Years 2011 through 2015 (includes corresponding
Graph/Chart) II-67

Table 26: World 10-Year Perspective for Alumina by Geographic
Region - Percentage Breakdown of Unit Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets for Years 2003, 2008 & 2012
(includes corresponding Graph/Chart) II-68

Table 27: World Recent Past, Current & Future Analysis for
Alumina by Product Segments - Metallurgical Alumina and
Non-Metallurgical Alumina Markets Independently Analyzed with
Annual Sales in Thousand Metric Tons for Years 2001 through
2010 (includes corresponding Graph/Chart) II-69

Table 28: World Long-term Projections for Alumina by Product
Segments - Metallurgical Alumina and Non-Metallurgical Alumina
Markets Independently Analyzed with Annual Sales in Thousand
Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-69

Table 29: World 10-Year Perspective for Alumina by Product
Segments - Percentage Breakdown of Unit Sales for
Metallurgical Alumina and Non-Metallurgical Alumina Markets
for Years 2003, 2008 & 2012 II-69

Table 30: World Recent Past, Current & Future Analysis for
Metallurgical Alumina by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in Thousand Metric Tons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-70

Table 31: World Long-term Projections for Metallurgical
Alumina by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-71

Table 32: World 10-Year Perspective for Metallurgical Alumina
by Geographic Region - Percentage Breakdown of Unit Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2003, 2008 &
2012 (includes corresponding Graph/Chart) II-72

Table 33: World Recent Past, Current & Future Analysis for
Non-Metallurgical Alumina by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in Thousand Metric Tons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-73

Table 34: World Long-term Projections for Non-Metallurgical
Alumina by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-74

Table 35: World 10-Year Perspective for Non-Metallurgical
Alumina by Geographic Region - Percentage Breakdown of Unit
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) II-75

III. MARKET

1. The United States III-1
A.Market Analysis III-1
Current and Future Analysis III-1
Import Export Scenario III-1
Table 36: US Market for Crude & Dried Bauxite (2004 &
2005): Volume Imports in '000 Metric Tons by Country for
Brazil, Guinea, Guyana Jamaica, and Others (includes
corresponding Graph/Chart) III-1

Table 37: US Market for Crude & Dried Bauxite (2004 &
2005): Volume Exports in '000 Metric Tons by Country for
Canada, Mexico, and Others (includes corresponding
Graph/Chart) III-2

Table 38: US Market for Calcined Bauxite (2004 & 2005):
Volume Imports in '000 Metric Tons by Country for China,
Guyana, Brazil and Others (includes corresponding
Graph/Chart) III-2

Table 39: US Market for Calcined Bauxite (2004 & 2005):
Volume Exports in '000 Metric Tons by Country for Mexico,
Canada and Others (includes corresponding Graph/Chart) III-2

Table 40: US Market for Alumina (2004 & 2005): Volume
Imports in '000 Metric Tons by Country for Australia,
Suriname, Jamaica, Canada, and Others (includes
corresponding Graph/Chart) III-3

Table 41: US Market for Alumina (2004 & 2005): Volume
Exports in '000 Metric Tons by Country for Canada, China,
Norway, Mexico and Others (includes corresponding
Graph/Chart) III-3
Strategic Corporate Developments III-4
Select Players III-7
Aluminum Company of America (ALCOA) III-7
Century Aluminum Co. III-8
Kaiser Aluminum Corporation III-8
B.Market Analytics III-9
Table 42: US Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-9

Table 43: US Long-term Projections for Bauxite and Alumina
by Product Segments - Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-9

Table 44: US Historic Review for Bauxite and Alumina by
Product Segments - Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
1991 through 2000 (includes corresponding Graph/Chart) III-10

Table 45: US 15-Year Perspective for Bauxite and Alumina by
Product Segments - Percentage Breakdown of Unit Sales for
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets for Years 1998, 2008 &
2012 (includes corresponding Graph/Chart) III-10

2. Canada III-11
A.Market Analysis III-11
Current and Future Analysis III-11
Table 46: Canadian Aluminum Market (2002, 2003 & 2004):
Production of Primary and Secondary Aluminum (In �000
Metric Tons) (includes corresponding Graph/Chart) III-11

Table 47: Canadian Imports of Bauxite (2004): Percentage
Breakdown of Volume Sales by Country - Brazil, Guinea,
Ghana and Others (includes corresponding Graph/Chart) III-11
Strategic Corporate Developments III-12
Rio Tinto Alcan, Inc. - A Major Player III-12
B.Market Analytics III-13
Table 48: Canadian Recent Past, Current & Future Analysis
for Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-13

Table 49: Canadian Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-14

Table 50: Canadian 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-14

3. Japan III-15
A.Market Analysis III-15
Current and Future Analysis III-15
Strategic Corporate Developments III-15
B.Market Analytics III-16
Table 51: Japanese Recent Past, Current & Future Analysis
for Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-16

Table 52: Japanese Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-16

Table 53: Japanese 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-17

4. Europe III-18
A.Market Analysis III-18
Current and Future Analysis III-18
By Region/Country III-18
By Product Group III-18
Production Scenario III-18
Table 54: European Primary Aluminum Market (2005):
Percentage Breakdown of Production Capacity by Country -
Russia, Norway, Germany, France, Spain, Iceland, United
Kingdom, The Netherlands, Romania, Italy and Others
(includes corresponding Graph/Chart) III-18
B.Market Analytics III-19
Table 55: European Recent Past, Current & Future Analysis
for Bauxite and Alumina by Geographic Region - France,
Germany, Italy, UK, Spain, Russia, and Rest of Europe
Markets Independently Analyzed with Annual Sales in Thousand
Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-19

Table 56: European Long-term Projections for Bauxite and
Alumina by Geographic Region - France, Germany, Italy, UK,
Spain, Russia, and Rest of Europe Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-20

Table 57: European 10-Year Perspective for Bauxite and
Alumina by Geographic Region - Percentage Breakdown of Unit
Sales for France, Germany, Italy, UK, Spain, Russia, and
Rest of Europe Markets for Years 2003, 2008 & 2012 (includes
Corresponding Graph/Chart) III-21

Table 58: European Recent Past, Current & Future Analysis
for Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-22

Table 59: European Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-22

Table 60.: European 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-23

4a. France III-24
A.Market Analysis III-24
Current and Future Analysis III-24
Strategic Corporate Development III-24
B.Market Analytics III-25
Table 61: French Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-25

Table 62: French Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-25

Table 63: French 10-Year Perspective for Bauxite and Alumina
by Product Segments - Percentage Breakdown of Unit Sales for
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets for Years 2003, 2008 &
2012 (includes corresponding Graph/Chart) III-26

4b. Germany III-27
A.Market Analysis III-27
Current and Future Analysis III-27
Strategic Corporate Development III-27
B.Market Analytics III-27
Table 64: German Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non- Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-27

Table 65: German Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-28

Table 66: German 10-Year Perspective for Bauxite and Alumina
by Product Segments - Percentage Breakdown of Unit Sales for
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets for Years 2003, 2008 &
2012 (includes corresponding Graph/Chart) III-28

4c. Italy III-29
Market Analysis III-29
Current and Future Analysis III-29
Table 67: Italian Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non- Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-29

Table 68: Italian Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-30

Table 69: Italian 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-30

4d. The United Kingdom III-31
A.Market Analysis III-31
Current and Future Analysis III-31
Strategic Corporate Development III-31
B.Market Analytics III-32
Table 70: UK Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-32

Table 71: UK Long-term Projections for Bauxite and Alumina
by Product Segments - Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-32

Table 72: UK 10-Year Perspective for Bauxite and Alumina by
Product Segments - Percentage Breakdown of Unit Sales for
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets for Years 2003, 2008 &
2012 (includes corresponding Graph/Chart) III-33

4e. Spain III-34
Market Analysis III-34
Current and Future Analysis III-34
Table 73: Spanish Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-34

Table 74: Spanish Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non- Metallurgical Alumina) Markets
Independently Analyzed with Annual Sales in Thousand Metric
Tons for Years 2011 through 2015 (includes corresponding
Graph/Chart) III-35

Table 75: Spanish 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-35

4f. Russia III-36
A.Market Analysis III-36
Current and Future Analysis III-36
Strategic Corporate Developments III-36
United Company RUSAL - A Leading Player III-38
B.Market Analytics III-39
Table 76: Russian Recent Past, Current & Future Analysis for
Bauxite and Alumina by Product Segments - Bauxite
(Metallurgical Bauxite and Non-Metallurgical Bauxite) and
Alumina (Metallurgical Alumina and Non-Metallurgical
Alumina) Markets Independently Analyzed with Annual Sales in
Thousand Metric Tons for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-39

Table 77: Russian Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-40

Table 78: Russian 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-40

4g. Rest of Europe III-41
A.Market Analysis III-41
Current and Future Analysis III-41
Greece - An Important Market III-41
Strategic Corporate Developments III-41
Select Players III-43
Glencore International AG (Switzerland) III-43
Norsk Hydro (Norway) III-43
B.Market Analytics III-44
Table 79: Rest of Europe Recent Past, Current & Future
Analysis for Bauxite and Alumina by Product Segments -
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets Independently Analyzed
with Annual Sales in Thousand Metric Tons for Years 2001
through 2010 (includes Corresponding Graph/Chart) III-44

Table 80: Rest of Europe Long-term Projections for Bauxite
and Alumina by Product Segments - Bauxite (Metallurgical
Bauxite and Non-Metallurgical Bauxite) and Alumina
(Metallurgical Alumina and Non-Metallurgical Alumina)
Markets Independently Analyzed with Annual Sales in Thousand
Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) III-45

Table 81: Rest of Europe 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-46

5. Asia-Pacific III-47
A.Market Analysis III-47
Current and Future Analysis III-47
Production Scenario III-47
Table 82: Asia-Pacific Alumina Market (2004): Percentage
Breakdown of Production Capacity by Country - Australia,
China, India, and Japan (includes corresponding
Graph/Chart) III-47

Table 83: Asia-Pacific Bauxite Market (2004): Percentage
Breakdown of Production Capacity by Country - Australia,
China, India, and Indonesia (includes corresponding
Graph/Chart) III-47

Table 84: Asia-Pacific Primary Aluminum Metal Market (2004
& 2005): Percentage Breakdown of Production by Country -
China, Australia, India, Indonesia and Others (includes
corresponding Graph/Chart) III-48
Focus on Select Markets III-48
Australia III-48
China III-48
A Major Importer of Alumina III-48
Table 85: Chinese Imports of Alumina: Volume Imports from
January through December for Years 2006 and 2007 (In
Thousand Tons) (includes corresponding Graph/Chart) III-49

Table 86: Chinese Imports of Alumina: Value Imports from
January through December for Years 2006 and 2007 (In US$
Million) (includes corresponding Graph/Chart) III-49
China Imposes Restrictions on Alumina Imports III-50
Table 87: Leading Alumina Refineries in China (2004):
Capacity in Thousand Tons for Shanxi, Zhengzhou,
Shandong, Zhongzhou, Guizhou and Pinggou (includes
corresponding Graph/Chart) III-50

Table 88: Chinese Alumina Market (2003 & 2004):
Percentage Breakdown of Production Capacity by Grade -
Metallurgical and Chemical III-50
India III-50
Endowed with Rich Reserves of High Quality Bauxite III-50
Bauxite Export from India Doubles III-51
Table 89: Leading Alumina Companies in India (2004):
Capacity in Thousand Tons for National Aluminium Co.
Ltd., Utkal Alumina International Ltd., Hindalco
Aluminium Co. Ltd., Indian Aluminium Co. Ltd., and Bharat
Aluminium Co. Ltd. (includes corresponding Graph/Chart) III-51

Table 90: Leading Bauxite Companies in India (2004):
Capacity in Thousand Tons for National Aluminium Co.
Ltd., Hindalco Aluminium Co. Ltd., Indian Aluminium Co.
Ltd., Gujarat Mineral Development Corp., and Bharat
Aluminium Co. Ltd. (includes corresponding Graph/Chart) III-51
India�s Cost Competitiveness III-52
Factors Leading to Success III-52
Table 91: Consumption Pattern of Aluminum in India
(2004): Percentage Breakdown by Industry - Electrical,
Transportation, Consumer Durables, Industrial Machinery,
Construction, Packaging and Others (includes
corresponding Graph/Chart) III-52
Vietnam III-52
Strategic Corporate Developments III-53
Select Players III-64
Alumina Limited (Australia) III-64
Aluminum Corporation of China Limited (Chalco) (China) III-65
BHP Billiton Group (Australia) III-65
Hindalco Industries Ltd. (India) III-66
National Aluminum Company Ltd. (India) III-66
B.Market Analytics III-67
Table 92: Asia-Pacific Recent Past, Current & Future
Analysis for Bauxite and Alumina by Product Segments -
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets Independently Analyzed
with Annual Sales in Thousand Metric Tons for Years 2001
through 2010 (includes corresponding Graph/Chart) III-67

Table 93: Asia-Pacific Long-term Projections for Bauxite and
Alumina by Product Segments - Bauxite (Metallurgical Bauxite
and Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets Independently
Analyzed with Annual Sales in Thousand Metric Tons for Years
2011 through 2015 (includes corresponding Graph/Chart) III-67

Table 94: Asia-Pacific 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non-Metallurgical Alumina) Markets for Years
2003, 2008 & 2012 (includes corresponding Graph/Chart) III-68

6. Latin America III-69
A.Market Analysis III-69
Current and Future Analysis III-69
Focus on Select Markets III-69
Brazil III-69
Jamaica III-69
Abundance of Natural Resources III-69
Suriname III-69
A Major Bauxite Producer III-69
Venezuela III-70
Strategic Corporate Developments III-70
Select Players III-73
Alumar (Brazil) III-73
Companhia Vale do Rio Doce (Brazil) III-73
CVG Bauxilum (Venezuela) III-74
B.Market Analytics III-75
Table 95: Latin America Recent Past, Current & Future
Analysis for Bauxite and Alumina by Product Segments -
Bauxite (Metallurgical Bauxite and Non-Metallurgical
Bauxite) and Alumina (Metallurgical Alumina and
Non-Metallurgical Alumina) Markets Independently Analyzed
with Annual Sales in Thousand Metric Tons for Years 2001
through 2010 (includes corresponding Graph/Chart) III-75

Table 96: Latin America Long-term Projections for Bauxite
and Alumina by Product Segments - Bauxite (Metallurgical
Bauxite and Non-Metallurgical Bauxite) and Alumina
(Metallurgical Alumina and Non-Metallurgical Alumina)
Markets Independently Analyzed with Annual Sales in Thousand
Metric Tons for Years 2011 through 2015 (includes
corresponding Graph/Chart) III-76

Table 97: Latin America 10-Year Perspective for Bauxite and
Alumina by Product Segments - Percentage Breakdown of Unit
Sales for Bauxite (Metallurgical Bauxite and
Non-Metallurgical Bauxite) and Alumina (Metallurgical
Alumina and Non- Metallurgical