Alcoa (NYSE:AA) is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, and competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton (NYSE:BHP) and Chalco (NYSE:ACH).
Its products are used worldwide in aircrafts, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. The company also sells non-aluminum products including precision castings and aerospace and industrial fasteners.
The packaging industry uses a significant quantity of aluminum. The metal’s light weight makes it ideal for making cans. Moreover, it is very convenient to use aluminum foil for wrapping and storing food. It is estimated that almost 20% of all aluminum produced is used for packaging. [1] With the global demand for the aluminum industry expected to reach 45 million tons by 2012, [2] it implies that almost 9 million tons of aluminum will be used for packaging by then.
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