Aluminium producers in the Mideast expect the industry to see demand for the metal top 70 million metric tons per year by the year 2020, with smelters from the region leading the charge to meet that demand.
Such was the consensus voiced at the Aluminium Middle East Summit earlier this month in Dubai. Speakers cited an increased demand for high-tech and high-end aluminium products, which has, in turn, driven increases in production. In order to meet such demands, they said, diversification was key, especially in the areas of value-added products for sectors like automotive and aerospace.
Additionally, aluminium casting and upgraded equipment is necessary for continuing cost reductions in aluminium manufacturing. Focusing upon end-of-life aluminium scrap and introducing the wider public to aluminium’s circular economy was also emphasized by the panel as effective and important methods for reducing cost.
“We are looking to become one of the largest downstream aluminium facilities in the region, with our new project that allows us to recycle scrap metal into useful liquid metal and reuse for production, bringing down the costs of the overall production,” explained Ahmed Farah, Supply Manager at Bahrain’s aluminium sheet and coil producer GARMCO. “Our re-melt facility will be capable of producing 120,000 metric tonnes per year of cast slab product in a sustainable yet productive way.”
“To achieve a strong growth in the global market, companies need to look into a joint effort to formalise trade barriers on aluminium import and export businesses within the GCC,” he went on. “By doing so, the aluminium industry can take advantage of the regional demand, boosting the overall economy, and meeting the government’s Industrial Strategy.”