Peaking at more than US $3,000 per tonne as a result of rising energy prices and the increased demand on supplies during the construction boom years, the world’s second most-used metal after steel presented a real investment opportunity for the Middle East.
Indeed, it was this same year that the primary aluminium producers in the Gulf region announced the formation of the Gulf Aluminium Council （GAC）, an organisation established to represent, promote and protect the interests of the emerging aluminium industry, in a geographical area perfectly suited to its high-energy reliant production.
Unfortunately, the inflated prices were not to last. Hit hard by the financial crisis, a time when projects were halted and the demand for materials diminished, aluminium prices, along with copper and steel, entered a steep decline. In April 2009, the price for the metal had slumped to US $1420 per tonne, and by October, it was worth little more than US $1,300, an all time low.
豫公网安备41010502003434号