North America Alumina Market Outlook

alumina consumption in north america has been increasing as a result of strong demand from downstream sectors such as aluminum drinks cans, transportation, aluminum foil and building materials. as alumina is a major raw material in these industries, the increasing need for them has a direct impact on the pricing and supply of alumina. as a result, north america’s alumina market outlook for 2018-2032 should be monitored closely. due to the high production costs associated with alumina, north america has experienced a dramatic decrease in crude bauxite production over the past few years. this coupled with decreasing demand from downstream segments has led to an overall decline in north american alumina production. the supply tightness has diminished exports, driving up alumina prices in the short-term. another factor influencing the north american alumina market outlook is the evolving geopolitical climate. in light of increasing trade disputes in north america, the us imposed tariffs on imports of raw aluminum from canada in may 2018. this has had a direct impact on the availability of alumina supplies and further constrained the supply outlook for the next 5 years. in order to address supply tightness, the north american alumina producers association recently launched a price support program. this program anticipates an increase in the output of alumina in north america in the near future. additionally, the association has taken steps to reduce costs associated with alumina production, which could lead to a recovery in long-term prices. in conclusion, north america’s alumina market outlook is heavily influenced by supply-demand dynamics, geopolitical events and innovations in the sector. while short-term prices are expected to remain strong, longer-term production increases and cost reduction initiatives could lead to a recovery in overall alumina supplies. as such, it is essential for stakeholders in the region to carefully monitor the rate of production and implementation of technology in order to capitalize on growth opportunities.