Bauxite and Alumina

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations

Disclaimers

Data Interpretation & Reporting Level

Quantitative Techniques & Analytics

Product Definitions and Scope of Study

Bauxite

Alumina

II. EXECUTIVE SUMMARY

1. Industry Overview

Aluminum Sector Driving the Demand for Bauxite and Alumina

Refractories & Abrasives: Leading Segment of Non-Metallurgical Market

Table 1: Leading Players in the Global Alumina Market (2004 & 2005): Percentage Breakdown of Capacity for Alcoa, Alcan, Chalco, BHP Billiton, Glencore, RUSAL and Others (includes corresponding Graph/Chart)

Table 2: Leading Players in the Global Bauxite Market (2004 & 2005): Percentage Breakdown of Capacity for Alcoa, Alcan, Comalco, Chalco, BHP Billiton, RUSAL and Others (includes corresponding Graph/Chart)

Global Production

Table 3: Global Alumina Market (2004, 2005 & 2006): Percentage Breakdown of Production Capacity by Region/Country - Australia, Latin America, Europe, North America, Asia (including Japan) and Africa (includes corresponding Graph/Chart)

Table 4: Global Alumina Market (2004 & 2005): Percentage Breakdown of Production Capacity by Grade - Metallurgical and Chemical

Table 5: Global Bauxite Market (2004 & 2005): Percentage Breakdown of Production Capacity by Country - Australia, Guinea, Jamaica, Brazil, China, India, and Others (includes corresponding Graph/Chart)

Current and Future Analysis

2. Product Overview

Bauxite: The Most Important Mineral for Producing Alumina

Bauxite Composition

Table 6: World Bauxite Market (2004 & 2005): Percentage Breakdown of Reserve Capacity by Country (includes corresponding Graph/Chart)

Table 7: World Bauxite Market (2004 & 2005): Percentage Breakdown of Reserve Base by Country (includes corresponding Graph/Chart)

Applications of Bauxite

Bauxite as a Fluxing Agent in Blast Furnaces

Non-Metallurgical Uses of Bauxite

Alumina

Alumina - Primarily Utilized in the Production of Aluminum

Types of Alumina

Activated Aluminas

Versal Aluminas

Alumina Market Segments: Applications in Various Fields

Alumina in Natural Gas Processing

Claus Catalyst Under Natural Gas processing

Aluminas in Chloride Removal Process

HF Alkylation Process

Aluminas in Bed Support

Aluminas in Dryers and Forming

Aluminas in Ethylene Processing

Polyethylene

Aluminas in Oleflex Process

Aluminas in Air Separation

Aluminas in Catalyst Supports

Aluminas in Hydrogen Peroxide Manufacturing

Aluminas in Water Treatment

Manufacturing Process of Alumina

Bayer Process

Conversion of Alumina into Aluminum

Alumina - Also Manufactured from Materials other than Bauxite

3. Major Alumina and Bauxite Producing Countries

Australia

China

Guinea

Greece

India

Endowed with Vast Reserves of Bauxite

Aluminum - A Power Intensive Industry

Aluminum Industry

Leading Alumina Producers

Cost Competitiveness

Factors Leading to Success

Jamaica

Blessed with Natural Resources, Mainly Bauxite

Suriname

Bauxite - A Major Mining Industry

The United States

4. Aluminum: The Major End-User

The Metal

Aluminum Industry: Experiencing Extensive Consolidation

Table 8: Worldwide Per Capita Aluminum Consumption (2004) (In Kilograms) (Includes Corresponding Graph/Chart)

Aluminum Replacing Steel

Transportation - A Booming Market for Aluminum

Automotives

Aerospace

Packaging and Containers

Building and Construction

End-Use Applications of Aluminum Products

Key Markets for Aluminum

North America

Europe

India

Brazil

Venezuela

5. Recent Industry Activity

Aluminum Corp. of China and Alcoa Acquire Stakes in Rio Tinto PLC

Ausenco Limited to Acquire Pipeline Systems Incorporated Group

Poly Investments to Acquire Jebson Investments Ltd

UC Rusal in Joint Venture with China Power Investment

UC RUSAL Announces Launch of ALSCON Smelter in Nigeria

JB Group of Hong Kong to Invest in Mining and Hospitality Sectors in India

Alcan, Rio Tinto Merge to become Global Aluminum Leader

RUSAL Merges with Two Other Companies to Form United Company of Rusal

Chinalco Completes Merger of Two Companies

Hindalco Completes Novelis Acquisition

BOSAI Minerals Acquires Majority Interest in Omai Bauxite Mining

Dubai International Capital LLC to Acquire Almatis GmbH

Chinalco Plans Acquisition of Three Companies

Alcoa, Sapa Complete Soft-Alloy Extrusion JV

Alcan Inks Pact with Ma'aden

Showa Denko, PT Antam, Straits Trading, and Marubeni Plan New Chemical Alumina Complex in Indonesia

QAG to Establish Joint Venture with Ashapura Minechem for Alumina Project

Ashapura Plans JV with Qing Tong-Xia Aluminum Group

Hydro in JV with United Minerals

L&T to Establish Joint Venture Alumina Plant with Dubal

CVRD Signs MoU with Hydro for Development of New Alumina Processing Plant

IOC Signs MoU with NCCR and IIT Chennai to Develop New Process for Alumina

PT Antam and UC Rusal Signs Agreement to Establish Joint Venture Project

Rio Tinto Alcan Signs Agreement to Expand Alumina Supply to Hydro Aluminum

CBA Signs Contract with Outotec for Alumina Calcination Plant Supply

S&B Industrial Miner Enters into Preliminary Agreement with Western Way to Supply Bauxite

Alcoa Defense Secures Aluminum Armor Alloy Supply Contract with AM General

Alcoa CSI Bags Aluminum Closure Contracts in Japan

Alcan to Sell Interest in Utkal Alumina to Hindalco

Boksit Milici to Sell Bauxite Ore to Birac Alumina Plant and Metal Investments

Rio Tinto Alcan Establishes Specialty Aluminas Facilities in Gardanne

Rusal plans to Establish Aluminum Production Facility in Kyrgyzstan

NALCO to Establish Alumina Plant in Andhra Pradesh

China Great Wall Aluminum to Establish Bauxite Selecting Facility in Henan

UC RUSAL Announces Launch of Khakas Aluminum Smelter

UC RUSAL to Develop Aluminum Projects in Venezuela

VCMP to Build Bauxite and Limestone Plant at an Investment of US$1.6 billion

Bauxilum to Expand Production Capacity

Rio Tinto to Expand Alumina Refinery Capacity

Rio Tinto Invests in Yarwun Refinery to Enhance Capacity

Alcoa to Provide Shelby with Dura-Bright® Technology Powered Aluminum Wheels

Alcoa to Provide Dura-Bright® Technology Powered Aluminum Wheels to TechArt

Alcoa International Announces Sale of Chalco Stake

Alcoa Introduces New ‘Carbon Capture’ System at Kwinana Refinery

Alcoa Announces Opening of Third Chinese Plant for Flat- Rolled Products

UC Rusal to Expand and Modernize Alumina Refineries

Chalco to Acquire Fushun for US$62.1 Million

Chalco Acquires Controlling Stake In Zunyi Aluminum

RUSAL Acquires Stake in the Italian Euralumina Refinery

Alro and Alum to Merge with Alprom

AIST Develops New Purifying Agent for Exhaust Emission

Alcan to Phase Out Quebec UPCA Plant

Alcoa Forms Joint Venture with Shanxi Yuncheng Engraving Group

Century Enters into a Joint Venture with Minmetals

Rusal to Invest US$16 Billion by 2013

Dubal Aluminium to Set Up New Smelter in Abu Dhabi

Halco Enters into an Agreement for Bauxite Rights and Supply in Guinea

MRL Enters into an Agreement with Century Aluminum

Shandong Aluminum Enters into Two Long Term Supply Contracts

Alcan Signs MoU with the Republic of Ghana to Set Up a Joint Venture

Global Alumina Signs MoU with Chalco for Alumina Supply

Almatis Expands Tabular Alumina Facility

Global Alumina Establishes a New Joint Venture Company

Alunorte Begins Third Expansion Project

Showa Denko Enters into a Joint Venture with Antam, STAR and Marubeni

Chalco Forms a Joint Venture with GWHD

Alcoa and Vinacomin Forms Joint Venture to Build Alumina Refinery

Washington Group International Bags Windalco Contracts

Kaiser Aluminum Extends its Contract with A.M. Castle & Co

RUSAL Starts Mining at Russian Bauxite Deposits

Alcoa Signs MoU with Vinacomin

JSW Aluminium Inks MoU with Andhra Pradesh Government

Hindalco Industries Signs MoU with Government of Madhya Pradesh

Antam to Build Alumina Plant

AWAC Completes Pinjarra Facility’s Up-gradation

Engelhard Corp Acquires Almatis AC

JM Huber Group Acquires AluChem

Praxair Acquires Alcan’s High-Purity Aluminum Business

Alcoa Bags Lightweight Military Ground Vehicle Development Contract from US Army

Invensys Process Systems Receives Contract from Luoyang Xiangjiang

ESL Introduces New Alumina Cover Plates for Fuel Cell Applications

Showa Denko Increases Single Morundum Fused Alumina Abrasives Production Capacity

Alcoa’s Bohai Aluminum Joint Venture Gets Chinese Approval

Alcan and Alcoa World Alumina Enter into Agreement for Setting up Alumina Refinery

RUSAL and Sual Invest $870m in Komi Aluminium Project

Alcoa Invests US$1.6 Billion to Expand Various Operations

AWAC to Join Hands with Government of Jamaica

Chalco and Shanxi Guanlu Set Up a New Joint Venture in Shanxi Province

Sual Group’s BAZ Sets Up New Facilities

Nikolaev Alumina Increases Production Capacity

CBA to Expand Aluminum Production Capacity

Montenegro Divests Stake in Rudnici Boksita

Dubal Acquires Stake in Global Alumina

Alcoa Acquires Fabricating Facilities in Russia

L&T Allies with Dubal

CVRD and Chalco Form Joint Venture

Dubal Inks Long Term Agreement with Guinea Alumina

Metallica Inks Bauxite Development Agreement with Aldoga

Rusal and Sual Sign Joint Agreement for Komi Aluminium Project

Alcoa and Government of Ghana Enter into MOU

CVRD to Install Two New Production Lines

Suralco Expands Alumina Refinery in Suriname

Alcoa and BHP Billiton Divest Integris Metals to Ryerson Tull

Alcoa Expands Capacity in Brazil

RUSAL Acquires Stake in QAL

GAPCO Merges with PL Internet

Alumina Acquires Stake in Bauxite Deposits in Brazil

AWAC and Alcan Enhance Stake in Halco

GAPCO and Honeywell Enter into Long-Term Partnership

Worley Bags Contract in Ireland

Cambior and Government of Guyana Sign Pact

AWAC Signs Agreement with Jamaican Government

Alcoa, Alcan, and Government of Guinea Sign Agreement

Electronorte and Alcoa Sign Supply Pact

VAL and OMC Sign MOU

Hydro Aluminum Divests Stakes in German Alumina and Bauxite Units to Dadco

Kaiser Divests Stake in Alpart to Glencore

Alcan Marks Pechiney as a Wholly owned Subsidiary

6. Focus on Select Global Players

Alumina Limited (Australia)

Aluminum Company of America (ALCOA) (USA)

Aluminum Corporation of China Limited (Chalco) (China)

BHP Billiton Group (Australia)

Companhia Vale do Rio Doce (Brazil)

CVG Bauxilum (Venezuela)

Glencore International AG (Switzerland)

Century Aluminum Co. (USA)

Hindalco Industries Ltd. (India)

Kaiser Aluminum Corporation (USA)

National Aluminum Company Ltd. (India)

Norsk Hydro (Norway)

Rio Tinto Alcan, Inc. (Canada)

United Company RUSAL (Russia)

7. Global Market Perspective

Table 9: World Recent Past, Current & Future Analysis for Bauxite and Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 10: World Long-term Projections for Bauxite and Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 11: World 10-Year Perspective for Bauxite and Alumina by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

Analytics for Bauxite and Alumina by Product Segment

Table 12: World Recent Past, Current & Future Analysis for Bauxite by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 13: World Long-term Projections for Bauxite by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 14: World 10-Year Perspective for Bauxite by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

Table 15: World Recent Past, Current & Future Analysis for Bauxite by Product Segments - Metallurgical Bauxite and Non-Metallurgical Bauxite Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 16: World Long-term Projections for Bauxite by Product Segments - Metallurgical Bauxite and Non-Metallurgical Bauxite Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 17: World 10-Year Perspective for Bauxite by Product Segments - Percentage Breakdown of Unit Sales for Metallurgical Bauxite and Non-Metallurgical Bauxite Markets for Years 2003, 2008 & 2012

Table 18: World Recent Past, Current & Future Analysis for Metallurgical Bauxite by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 19: World Long-term Projections for Metallurgical Bauxite by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 20: World 10-Year Perspective for Metallurgical Bauxite by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

Table 21: World Recent Past, Current & Future Analysis for Non-Metallurgical Bauxite by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 22: World Long-term Projections for Non-Metallurgical Bauxite by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 23: World 10-Year Perspective for Non-Metallurgical Bauxite by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

Table 24: World Recent Past, Current & Future Analysis for Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 25: World Long-term Projections for Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 26: World 10-Year Perspective for Alumina by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

Table 27: World Recent Past, Current & Future Analysis for Alumina by Product Segments - Metallurgical Alumina and Non-Metallurgical Alumina Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 28: World Long-term Projections for Alumina by Product Segments - Metallurgical Alumina and Non-Metallurgical Alumina Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 29: World 10-Year Perspective for Alumina by Product Segments - Percentage Breakdown of Unit Sales for Metallurgical Alumina and Non-Metallurgical Alumina Markets for Years 2003, 2008 & 2012

Table 30: World Recent Past, Current & Future Analysis for Metallurgical Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 31: World Long-term Projections for Metallurgical Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 32: World 10-Year Perspective for Metallurgical Alumina by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

Table 33: World Recent Past, Current & Future Analysis for Non-Metallurgical Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 34: World Long-term Projections for Non-Metallurgical Alumina by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 35: World 10-Year Perspective for Non-Metallurgical Alumina by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

III. MARKET

1. The United States

A. Market Analysis

Current and Future Analysis

Import Export Scenario

Table 36: US Market for Crude & Dried Bauxite (2004 & 2005): Volume Imports in '000 Metric Tons by Country for Brazil, Guinea, Guyana Jamaica, and Others (includes corresponding Graph/Chart)

Table 37: US Market for Crude & Dried Bauxite (2004 & 2005): Volume Exports in '000 Metric Tons by Country for Canada, Mexico, and Others (includes corresponding Graph/Chart)

Table 38: US Market for Calcined Bauxite (2004 & 2005): Volume Imports in '000 Metric Tons by Country for China, Guyana, Brazil and Others (includes corresponding Graph/Chart)

Table 39: US Market for Calcined Bauxite (2004 & 2005): Volume Exports in '000 Metric Tons by Country for Mexico, Canada and Others (includes corresponding Graph/Chart)

Table 40: US Market for Alumina (2004 & 2005): Volume Imports in '000 Metric Tons by Country for Australia, Suriname, Jamaica, Canada, and Others (includes corresponding Graph/Chart)

Table 41: US Market for Alumina (2004 & 2005): Volume Exports in '000 Metric Tons by Country for Canada, China, Norway, Mexico and Others (includes corresponding Graph/Chart)

Strategic Corporate Developments

Select Players

Aluminum Company of America (ALCOA)

Century Aluminum Co

Kaiser Aluminum Corporation

B. Market Analytics

Table 42: US Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 43: US Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 44: US Historic Review for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 1991 through 2000 (includes corresponding Graph/Chart)

Table 45: US 15-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart)

2. Canada

A. Market Analysis

Current and Future Analysis

Table 46: Canadian Aluminum Market (2002, 2003 & 2004): Production of Primary and Secondary Aluminum (In ‘000 Metric Tons) (includes corresponding Graph/Chart)

Table 47: Canadian Imports of Bauxite (2004): Percentage Breakdown of Volume Sales by Country - Brazil, Guinea, Ghana and Others (includes corresponding Graph/Chart)

Strategic Corporate Developments

Rio Tinto Alcan, Inc. - A Major Player

B. Market Analytics

Table 48: Canadian Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 49: Canadian Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 50: Canadian 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

3. Japan

A. Market Analysis

Current and Future Analysis

Strategic Corporate Developments

B. Market Analytics

Table 51: Japanese Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 52: Japanese Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 53: Japanese 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4. Europe

A. Market Analysis

Current and Future Analysis

By Region/Country

By Product Group

Production Scenario

Table 54: European Primary Aluminum Market (2005): Percentage Breakdown of Production Capacity by Country - Russia, Norway, Germany, France, Spain, Iceland, United Kingdom, The Netherlands, Romania, Italy and Others (includes corresponding Graph/Chart)

B. Market Analytics

Table 55: European Recent Past, Current & Future Analysis for Bauxite and Alumina by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 56: European Long-term Projections for Bauxite and Alumina by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 57: European 10-Year Perspective for Bauxite and Alumina by Geographic Region - Percentage Breakdown of Unit Sales for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2003, 2008 & 2012 (includes Corresponding Graph/Chart)

Table 58: European Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 59: European Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 60.: European 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4a. France

A. Market Analysis

Current and Future Analysis

Strategic Corporate Development

B. Market Analytics

Table 61: French Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 62: French Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 63: French 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4b. Germany

A. Market Analysis

Current and Future Analysis

Strategic Corporate Development

B. Market Analytics

Table 64: German Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non- Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 65: German Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 66: German 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4c. Italy

Market Analysis

Current and Future Analysis

Table 67: Italian Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non- Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 68: Italian Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 69: Italian 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4d. The United Kingdom

A. Market Analysis

Current and Future Analysis

Strategic Corporate Development

B. Market Analytics

Table 70: UK Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 71: UK Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 72: UK 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4e. Spain

Market Analysis

Current and Future Analysis

Table 73: Spanish Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 74: Spanish Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non- Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 75: Spanish 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4f. Russia

A. Market Analysis

Current and Future Analysis

Strategic Corporate Developments

United Company RUSAL - A Leading Player

B. Market Analytics

Table 76: Russian Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 77: Russian Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 78: Russian 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

4g. Rest of Europe

A. Market Analysis

Current and Future Analysis

Greece - An Important Market

Strategic Corporate Developments

Select Players

Glencore International AG (Switzerland)

Norsk Hydro (Norway)

B. Market Analytics

Table 79: Rest of Europe Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes Corresponding Graph/Chart)

Table 80: Rest of Europe Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 81: Rest of Europe 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

5. Asia-Pacific

A. Market Analysis

Current and Future Analysis

Production Scenario

Table 82: Asia-Pacific Alumina Market (2004): Percentage Breakdown of Production Capacity by Country - Australia, China, India, and Japan (includes corresponding Graph/Chart)

Table 83: Asia-Pacific Bauxite Market (2004): Percentage Breakdown of Production Capacity by Country - Australia, China, India, and Indonesia (includes corresponding Graph/Chart)

Table 84: Asia-Pacific Primary Aluminum Metal Market (2004 & 2005): Percentage Breakdown of Production by Country - China, Australia, India, Indonesia and Others (includes corresponding Graph/Chart)

Focus on Select Markets

Australia

China

A Major Importer of Alumina

Table 85: Chinese Imports of Alumina: Volume Imports from January through December for Years 2006 and 2007 (In Thousand Tons) (includes corresponding Graph/Chart)

Table 86: Chinese Imports of Alumina: Value Imports from January through December for Years 2006 and 2007 (In US$ Million) (includes corresponding Graph/Chart)

China Imposes Restrictions on Alumina Imports

Table 87: Leading Alumina Refineries in China (2004): Capacity in Thousand Tons for Shanxi, Zhengzhou, Shandong, Zhongzhou, Guizhou and Pinggou (includes corresponding Graph/Chart)

Table 88: Chinese Alumina Market (2003 & 2004): Percentage Breakdown of Production Capacity by Grade - Metallurgical and Chemical

India

Endowed with Rich Reserves of High Quality Bauxite

Bauxite Export from India Doubles

Table 89: Leading Alumina Companies in India (2004): Capacity in Thousand Tons for National Aluminium Co. Ltd., Utkal Alumina International Ltd., Hindalco Aluminium Co. Ltd., Indian Aluminium Co. Ltd., and Bharat Aluminium Co. Ltd. (includes corresponding Graph/Chart)

Table 90: Leading Bauxite Companies in India (2004): Capacity in Thousand Tons for National Aluminium Co. Ltd., Hindalco Aluminium Co. Ltd., Indian Aluminium Co. Ltd., Gujarat Mineral Development Corp., and Bharat Aluminium Co. Ltd. (includes corresponding Graph/Chart)

India’s Cost Competitiveness

Factors Leading to Success

Table 91: Consumption Pattern of Aluminum in India (2004): Percentage Breakdown by Industry - Electrical, Transportation, Consumer Durables, Industrial Machinery, Construction, Packaging and Others (includes corresponding Graph/Chart)

Vietnam

Strategic Corporate Developments

Select Players

Alumina Limited (Australia)

Aluminum Corporation of China Limited (Chalco) (China)

BHP Billiton Group (Australia)

Hindalco Industries Ltd. (India)

National Aluminum Company Ltd. (India)

B. Market Analytics

Table 92: Asia-Pacific Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 93: Asia-Pacific Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 94: Asia-Pacific 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

6. Latin America

A. Market Analysis

Current and Future Analysis

Focus on Select Markets

Brazil

Jamaica

Abundance of Natural Resources

Suriname

A Major Bauxite Producer

Venezuela

Strategic Corporate Developments

Select Players

Alumar (Brazil)

Companhia Vale do Rio Doce (Brazil)

CVG Bauxilum (Venezuela)

B. Market Analytics

Table 95: Latin America Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 96: Latin America Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 97: Latin America 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non- Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes Corresponding Graph/Chart)

7. Rest of World

A. Market Analysis

Current and Future Analysis

Guinea - Rich in Bauxite Reserves

Strategic Corporate Developments

Gencor (South Africa) - A Major Player

B. Market Analytics

Table 98: Rest of World Recent Past, Current & Future Analysis for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2001 through 2010 (includes corresponding Graph/Chart)

Table 99: Rest of World Long-term Projections for Bauxite and Alumina by Product Segments - Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets Independently Analyzed with Annual Sales in Thousand Metric Tons for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 100: Rest of World 10-Year Perspective for Bauxite and Alumina by Product Segments - Percentage Breakdown of Unit Sales for Bauxite (Metallurgical Bauxite and Non-Metallurgical Bauxite) and Alumina (Metallurgical Alumina and Non-Metallurgical Alumina) Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 106 (including Divisions/Subsidiaries - 130)

Region/Country Players

The United States 27

Canada 2

Japan 7

Europe 23

France 1

Germany 3

The United Kingdom 3

Italy 1

Rest of Europe 15

Asia-Pacific (Excluding Japan) 52

Middle East 3

Latin America 15

Africa 1