Top 10 Best Aluminum Manufacturers of 2022

Top 10 Best Aluminum Manufacturers of 2022
(Top companies in the aluminum Markets)
PUBLISHED date: Aug 2022
Source: ReportsAndData.com

Aluminum (Al) is a lightweight silvery-white metal naturally found in the earth’s crust and the most widely used nonferrous metal. Aluminum has the advantage of being lightweight and resistant to corrosion and is one of the most important and widely used non-ferrous metal materials in various industrial, commercial, and domestic applications around the world. Production and consumption of aluminum around the world also reflect economic performance. Growth in aluminum production is mainly driven by rapid development in various end-user industries, including automotive, aerospace and defense, building and construction, electrical and electronics, packaging, industrial, and others.

Aluminum is preferred for wiring power grids due to its use in overhead power transmission lines and local power distribution lines since it provides a better conductivity to weight ratio compared to copper and also is one of the most common materials used in electrical applications. With its high malleability, high strength-to-weight ratio, along with versatility, aluminum is a valuable material for high-rise buildings and skyscrapers. It is also an ideal material due to its design flexibility, durability, and contributions to energy savings. Aluminum is highly preferable in manufacturing window frames for homes and offices due to its lightweight and anti-corrosion properties. In consumer electronics and household electronics, aluminum is used in tablets, laptops, smartphones, computer monitors, flat-screen TVs, refrigerators, air conditioners, and others. In aircraft components, aluminum is preferred due to its features including excellent ductility, high strength-to-weight ratio, and high resistance to corrosion.

Top 10 Companies in the Aluminum Market

1) Aluminum Corporation of China Limited (Chalco)
Chalco is a leading company in the non-ferrous industry in China. The company is engaged in exploration and mining of bauxite and coal, the production, sales, and R&D of alumina, primary aluminum, and aluminum alloy products, to international trade, logistics, and power generation from both fossil fuels and new energy. On 25 July 2022, Chalco announced to pay CNY 6.7 billion (USD 1 billion) for an additional 19% equity in its sister firm Yunnan Aluminum. Chalco aims to become the biggest stakeholder by boosting its holdings to 29.1% from 10.1%.

2) China Hongqiao Group Limited
China Hongqiao Group Limited is one of the largest aluminum producers in the world. Its products include bauxite, alumina, primary aluminum, aluminum deep processing, and energy. On 5 July 2022, China Hongqiao Group Limited inaugurated the “Lightweight Transportation Base” project. The aim of the project is to develop “low-carbon, high-quality, recyclable” aluminum industry. It will provide automobile companies with an all-aluminum chassis platform for all kinds of automobiles, without using a lightweight chassis platform.

3) Rusal
Rusal is a Russia-based leading company in the aluminum industry. The company is also the leading low-carbon aluminum producer since 90% of its aluminum is produced from renewable electricity. The main products of Rusal include aluminum and aluminum-based alloys, alumina, as well as foil and packaging. On 7 July 2022, Rusal approved the strategy for the management of production waste based on the “Zero waste to landfill” approach. This strategy aims to ensure that by 2030 at least 95% of aluminum and silicon production wastes will be included in the company’s turnover and processing (an increase of more than 20%) and at least 65% of the alumina production (excluding mineral waste and overburden grounds), which is an increase of more than 2.5 times compared to 2020 levels.

4) Hindalco Industries Ltd.
Hindalco is India-based aluminum manufacturing company and the world’s largest flat-rolled products player and recycler of aluminum. Its wholly-owned subsidiary Novelis Inc. is the world’s largest producer of aluminum beverage can stock and the largest recycler of Used Beverage Cans (UBCs). On 14 April 2020, Hindalco Industries Limited announced the completion of the acquisition of Aleris Corporation, which is a U.S.-based rolled product company, by Novelis Inc., its wholly-owned subsidiary The acquisition of Aleris positions Hindalco as one of the world’s largest aluminium companies, with a global footprint covering 49 state-of-the-art manufacturing facilities in North America, Europe, and Asia.

5) Rio Tinto
Rio Tinto is a U.K.-based metals and mining corporation and one of the global leaders in aluminum. As of 2022, the company has four alumina refineries in Australia, Brazil, and Canada and 14 aluminum smelters in Canada, Australia, New Zealand, Iceland, and Oman. On 29 March 2022, Rio Tinto commissioned a new remelt furnace worth USD 8.4 million at its Laterrière Plant, adding 22,000 metric tons of recycling aluminum with low carbon in the Saguenay – Lac-Saint-Jean region of Quebec.

6) Alcoa Corporation
Alcoa is a U.S.-based global industry leader in bauxite, alumina, and aluminum products. The company’s primary aluminum facilities are located in Brazil, Canada, and the U.S. On 14 April 2022, Alcoa Corporation entered into a supply agreement to provide low-carbon EcoLum aluminum to Speira, which is a global aluminum rolling and recycling company, to meet demand for low-carbon aluminum products in the European market.

7) Emirates Global Aluminium
Emirates Global Aluminium is engaged in global aluminum production, as well as one of the largest companies in the U.A.E. The company operates aluminum smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine and associated export facilities in the Republic of Guinea. The company 4% of the aluminum production in the world or almost half of the aluminum produced in the Gulf Cooperation Council. On 21 April 2022, Emirates Global Aluminium signed an agreement to supply CelestiAL solar aluminum to Hammerer Aluminum Industries, which is a Mercedes-Benz parts maker. The agreement aims to increase the use of aluminum using solar power.

8) Norsk Hydro ASA
Norsk Hydro ASA is a Norway-based aluminum and renewable energy company, headquartered in Oslo and is one of the largest aluminum companies worldwide. The company’s aluminum products include recycled aluminum, low-carbon aluminum, bauxite & alumina, precision tubes, welded tubes, poles, and others. On 7 July 2022, Hydro announced starting its construction to expand its aluminum recycling plant in Rackwitz, Germany, to produce 25,000 tons of HyForge per year and increase the use of post-consumer aluminum.

9) Vedanta Aluminium Limited
Vedanta Aluminium, which is a business of Vedanta Limited, is one of the leading producers of aluminum in the world. The company’s aluminum business is amongst the leading aluminum producers in the world, with operations in India. On 27 February 2022, the aluminum business of Vedanta announced to bring into production two of its mines in Odisha to provide raw material security for its plants. The company also announced to expand its alumina refinery from the current 2 million tons per annum to 5 million tons per annum.

10) Century Aluminum Company
Century Aluminum Company is a U.S.-based producer of primary aluminum. The company operates three U.S. aluminum smelters, in Hawesville, Kentucky (Hawesville); Robards, Kentucky (Sebree); and Mt. Holly, South Carolina (Mt. Holly), and one smelter in Grundartangi, Iceland. Its primary aluminum facilities produce standard grade and value-added primary aluminum products. On 15 November 2021, Century Aluminum Company announced that its wholly-owned subsidiary, Norðurál Grundartangi ehf (“Norðurál”), and Qair, which is an independent renewable power producer, signed a letter of intent for the supply to the Grundartangi smelter of green electricity originating from two of Qair’s wind farms with a total installed capacity of 200 megawatt (MW) under development in Iceland.