Alba Highlights and Safety Achievements
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Aluminium
for the world
المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba
INDUSTRY PERSPECTIVES
Global Demand to Remain Strong
The outlook for aluminium will be shaped by energy transition, rising
power costs and continued demand growth
With China's power restrictions and energy-control policy, China is
targeting 18% reduction in carbon intensity per unit of GDP by 2025
Global Aluminium demand to exceed 2019-level by 3.5 million MT in 2021.
Asia, Europe and North America to lead the way in metal consumption
Transportation, packaging and electrical sectors will support positive
Aluminium demand. Scrap metal to gradually dominate the market on the
path of decarbonisation
Supply chains struggle to cope with the surge in metal demand &
premiums to keep strong as China raises imports and freight costs remain
high
Global market to swing into a deficit of 2.08 million MT in 2021 and 2.6
million MT in 2022
LME price to range between US$2,600/t - US$2,900/t
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