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Global Investment House: GCC aluminum sector ? Attracting strong investments.
Middle East and North Africa Business Report, June, 2007
Jun. 24--GLOBAL INVESTMENT HOUSE -- GCC Aluminum Sector Aluminum, also called aluminium, is the third most abundant element in the Earth's crust and constitutes 7.3% by mass. The Aluminum industry makes a significant contribution to the global economy as well as to more than thirty individual economies. It is estimated that the Aluminum industry employs over a million people world-wide.
Aluminum smelting is a capital-intensive, technology-driven industry concentrated in a few relatively dominant companies. In recent years, China has emerged as a main driver of market fundamentals. Russia is also growing in importance in terms of industry developments and the GCC region is set to emerge as a major production centre due to availability of cheap source of power...
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