Analysis of the World Non-Ferrous Metal Industry

Abstract

In this article, we provide the analysis of the world non-ferrous metal industry. In order to do so, we use data from the World Bureau of Metal Statistics (WBMS), the World Bank Commodity Market Outlook (CMO, April 2017) and the global aluminum market overview (UC Rusal, May 2014). We do the alu minum supply-demand analysis. We use statistical methods to highlight dynamics of bauxite production, the trend of non-ferrous metal prices and the share of leading aluminum producing corporations. The results show that in 2016 there is negative aluminum supply-demand balance (approximately 2.2 million tons). In addition, they show that the prices of nickel are more volatile than those of copper and aluminum. The results also show the growing demand for aluminum in the coming years due to increased use of a luminum in the automotive, power and construction industries.