In this article, we discuss the 5 biggest aluminum companies in the world. If you want to read about some more aluminum companies, go directly to 15 Biggest Aluminum Companies In The World.
5. United Company Rusal
Market Capitalization: $15 Billion
United Company Rusal, a Russia-based international public joint stock company, is one of the largest manufacturers of low carbon aluminum. The company is known for its technological innovations in the global aluminum industry, making it one of the biggest aluminum companies in the world. The company, founded in 2007, has operations in many countries, such as Ireland, Guinea. Jamaica, Ukraine, Italy, and Russia. The company owns and operates several mines such as bauxite, coal, limestone, nepheline and syenite mines. The major markets where United Company Rusal sells its products are Russia, the US, Japan, South Korea, Turkey, Greece, Netherlands, Poland, Norway, France, Sweden, Italy, Germany and China.
4. Norsk Hydro ASA
Market Capitalization: $16 Billion
Norsk Hydro ASA, a Norway-based company, deals in aluminum and renewable energy. The company has expanded its operations at all levels in the value chain of the aluminum sector, such as from energy to bauxite mining and alumina refining, primary aluminum, aluminum extrusions and aluminum recycling. The company’s major focus is on renewable energy for developing innovative products and systems. The innovation in hydropower has led the company towards joint ventures such as HydroVolt, which is between Hydro and Northvolt, to build Europe’s largest electric battery recycling facility in Norway. The company, founded in 1905, operates in more than 50 countries.
3. Vedanta Aluminum
Market Capitalization: $17 Billion
Vedanta Aluminum, a subsidiary of India based, Vedanta Limited, is one of the world’s leading producers of aluminum. The company highlights the significance of aluminum by calling it the Metal of the Future. The company is the largest producer of green metal aluminum in India. The company is among the largest private companies, producing at the capacity of 5300MW and capturing more than 40% of the Indian market. Vedanta has gained immense global prominence over the years through its global governance and sustainable development strategy. The company aims to leverage global expertise, adopt green technology and use resources diligently. The main focus of the company is on industrial safety, occupational health and environment protection. Vedanta aims to align and collaborate with businesses on collective carbon strategy in order to achieve sustainable development goals. Vedanta’s aluminum smelter at Jharsuguda is one of the world’s largest aluminum smelters, with 1.75 million tonnes annual capacity.
2. Saudi Arabian Mining Company
Market Capitalization: $26 Billion
Ma’aden, also known as the Saudi Arabian Mining Company, is a Saudi state-owned mining company, the government owns 50% of the shares while the remaining 50% are listed in Tadawul. The company is one of the largest mining companies in the world. It has major projects in both aluminum and gold mining such as Al Amar for gold and base metals, Ras AZ-Zour (Ras Al Khair) for phosphate and aluminum projects and Az Zabirah for the aluminum and industrial minerals project. Ma’aden, founded in 1997, is one of the fastest growing mining companies in the world; it has built a world-class and fully integrated mining value chain. The company achieved $7.12 billion in revenue in the year 2021, one of the largest in the aluminum industry in the world. Ma’aden has 17 operational mining sites with more than 6,000 employees and exports products to more than 30 countries.
1. Rio Tinto Group (NYSE:RIO)
Market Capitalization: $116 Billion
Rio TintoRio Tinto Group (NYSE:RIO), an Anglo-Australian multinational company, is the biggest aluminum company in the world. It was founded in 1873 and has expanded through a series of mergers and acquisitions. The company has major operations in refining bauxite and iron ore. The company has divided its aluminum operations into three main areas which are bauxite, alumina and primary metal. The bauxite and alumina unit mines raw bauxite from Australia, Africa and Brazil. The company focuses on sustainable development through its hydropower projects and technological innovations aiming to reduce waste and de-carbonization.
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