Secondary materials are essential to the industry’s survival because even new metals often require the combined use of recycled materials.
Global non-ferrous metals market expected to grow at a CAGR of close to 5% during the period 2016-2020.
Aluminium has great recycling potential and is often re-used for the same application for which it was originally manufactured. Its strength, flexibility and light weight, make it ideal for:
- Building and construction: Window frames, building structures, roofs, etc.
- Transportation: Airplanes, trains, boats, cars and trucks. It is also used in smaller vehicles like bicycles, motorbikes and other mobility devices such as wheelchairs.
- Packaging: Aluminium is used mostly in the form of cans and foil.
- Electricity: Since 1945, aluminium has replaced copper in high-voltage transmission lines.
- Cooking and tableware
The share of bauxite reserves held by the top 10 countries is about 87% of the total global bauxite reserves.
Guinea and Australia together holds almost ~50% of the total reserves. The states of Odisha and Andhra Pradesh together hold 69% of total India’s bauxite reserves.
India has the fifth largest bauxite reserves with deposits of about 3.8 billion tonnes.
India’s share in world aluminium capacity stands at about 4.85%. Production of one tonne of aluminium requires two tonnes of alumina, while production of one tonne of alumina requires three-four tonnes of bauxite