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Alumina Reigns: The 2024 Update on the Top 10 Global Powerhouses in Aluminum Production

August 15, 2024
in Investing
Alumina Reigns: The 2024 Update on the Top 10 Global Powerhouses in Aluminum Production
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Aluminum, frequently referred to as the ‘Metal of Hope,’ has demonstrated its importance around the globe. Aluminum is an incredibly versatile material, valued for its various applications from its usage in manufacturing vehicles and aircraft to wrapping foods. Its demand is ever-increasing, and it’s worthwhile to look at the top producers’ contributions to its global supply. This list of the top 10 aluminum-producing countries – their production volume and impact on the global supply – is based on statistical data up to 2024.

1. China: Unrivaled in aluminum production, China significantly outweighs other nations. With an annual production of approximately 36 million metric tons in 2024, it accounted for about 55% of the total global production. The Asian giant’s contribution can mainly be attributed to its vast bauxite reserves and booming industries requiring aluminum.

2. India: The second-largest producer, India, underpinned its stand in aluminum production, with 3.7 million metric tons produced in 2024. Abundant bauxite reserves and growing industrial sectors contribute significantly to India’s aluminum production, highlighting its crucial role in the global supply.

3. Russia: Not far behind is Russia, renowned for its massive Siberian reserves. Russia produced nearly 3.6 million metric tons of aluminum in 2024, harnessing the vast natural resources to fulfill both domestic and international demand.

4. Canada: Canada, one of the world leaders in the mining industry, produced 2.9 million metric tons of aluminum in 2024. This North American country profited from its richly endowed bauxite mines and the growing need for aluminum in the automotive and aerospace sectors.

5. United Arab Emirates: With its strategic smelting capacities, the United Arab Emirates managed to secure the fifth spot by producing 2.6 million metric tons of aluminum in 2024. The country’s production is highly favored by its strategic geographic location and state-of-the-art aluminum smelters.

6. Australia: Although better renowned for its gold and diamonds, Australia is a significant contributor to the global aluminum industry with 1.6 million metric tons production in 2024. Australia’s robust mining industry and favorable geographic location play a key role in levering its position.

7. Bahrain: Despite its comparatively small size, Bahrain held the seventh position with an aluminum production of 1.4 million metric tons in 2024. Bahrain’s national aluminum production company, Alba, is one of the largest aluminum producers in the world.

8. Norway: Norway’s annual output of 1.3 million metric tons in 2024 highlights its significant role in Europe’s aluminum industry. Hydro, a leading aluminum company, aids the aluminum production in this Scandinavian country.

9. The United States: The United States contributed approximately 1.1 million metric tons to the total global aluminum production in 2024.

10. Saudi Arabia: At the tail of the list, but no

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