The Global Aluminium Raw Material Market was valued at USD 167.5 Billion in 2023 and is projected to reach USD 242.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2023–2030). This robust growth is propelled by escalating demand from the transportation, packaging, and construction sectors, alongside a significant push towards lightweight and sustainable material solutions across global industries.

As the world pivots towards a low-carbon economy, aluminium stands at the forefront due to its infinite recyclability and lightweight properties. In this blog, we profile the Top 10 Companies in the Aluminium Raw Material Industry—a powerful consortium of mining giants, integrated producers, and recycling pioneers who are shaping the future of this essential metal.

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🔟 1. Rusal

Headquarters: Moscow, Russia
Key Offering: Primary aluminium, alumina, aluminium alloys

Rusal is one of the world’s largest aluminium producers outside of China, with a significant global footprint in bauxite mining, alumina refining, and primary aluminium smelting. The company is a major supplier of low-carbon aluminium, thanks to its extensive use of hydropower.

Sustainability & Innovation Initiatives:

• Pioneer in ‘green’ aluminium production with the ALLOW brand
• Focus on reducing carbon footprint across the production chain
• Investment in advanced smelting technologies for efficiency

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9️⃣ 2. Rio Tinto

Headquarters: London, United Kingdom & Melbourne, Australia
Key Offering: Bauxite, alumina, primary aluminium, aluminium products

Rio Tinto is a leading global mining and metals group, operating some of the world’s largest bauxite mines and aluminium smelters. Its vertically integrated operations ensure a stable supply of raw materials for a diverse range of industrial applications.

Sustainability & Innovation Initiatives:

• World’s first certified responsible aluminium, ‘RenewAl’
• Development of the ELYSIS carbon-free smelting technology
• Strong commitment to water stewardship and biodiversity

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8️⃣ 3. Alcoa Corporation

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Bauxite, alumina, primary aluminium, cast products

Alcoa is a industry titan with a storied history, renowned for its innovation in aluminium production. The company boasts a robust portfolio of mining, refining, smelting, and recycling operations, supplying high-quality aluminium for aerospace, automotive, and construction.

Sustainability & Innovation Initiatives:

• Sustana line of low-carbon, eco-friendly aluminium products
• Leadership in developing advanced aluminium alloys for electric vehicles
• Ambitious targets to reduce greenhouse gas emissions

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7️⃣ 4. Emirates Global Aluminium (EGA)

Headquarters: Dubai, United Arab Emirates
Key Offering: Primary aluminium, value-added products (billets, slabs)

EGA is the largest industrial company in the UAE outside of oil and gas and a major global producer of premium aluminium. The company’s operations are integrated from bauxite mining in Guinea to smelting in the UAE.

Sustainability & Innovation Initiatives:

• Developer of proprietary DX+ Ultra smelting technology
• Focus on solar power for aluminium production
• Investment in circular economy initiatives and recycling

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6️⃣ 5. China Hongqiao Group (Part of Xinfa Group sphere)

Headquarters: Binzhou, Shandong, China
Key Offering: Primary aluminium, aluminium alloy products

As one of China’s largest aluminium producers, China Hongqiao Group plays a pivotal role in the global supply chain. The company has a massive production capacity and is continuously expanding its upstream and downstream integration.

Sustainability & Innovation Initiatives:

• Significant investments in energy efficiency and capacity replacement
• Increasing focus on recycling and secondary aluminium production
• Exploration of greener power sources for smelting operations

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5️⃣ 6. Norsk Hydro

Headquarters: Oslo, Norway
Key Offering: Bauxite, alumina, primary aluminium, extruded and rolled products

Norsk Hydro is a fully integrated aluminium company with a strong presence across the entire value chain. It is a leader in recycling and producing low-carbon aluminium using renewable energy sources, primarily hydropower.

Sustainability & Innovation Initiatives:

• Circal and Reduxa brands for recycled and low-carbon aluminium
• World-class R&D center focused on new alloys and applications
• Target of achieving carbon neutrality by 2030

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4️⃣ 7. Aluminium Bahrain (Alba)

Headquarters: Manama, Bahrain
Key Offering: Primary aluminium, standard and value-added products

Alba is one of the world’s largest aluminium smelters outside of China. With a production capacity exceeding 1.5 million metric tons per year, it is a key supplier of high-quality aluminium to markets in Europe, Asia, and the Americas.

Sustainability & Innovation Initiatives:

• Implementation of energy-efficient smelting pot technologies
• Focus on reducing specific energy consumption and emissions
• Community and environmental stewardship programs

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3️⃣ 8. Aluminum Corporation of China (Chalco)

Headquarters: Beijing, China
Key Offering: Bauxite, alumina, primary aluminium, fabricated products

Chalco is China’s largest state-owned producer of aluminium and a dominant player in the global market. The company controls significant bauxite resources and operates a vast network of refineries and smelters.

Sustainability & Innovation Initiatives:

• Active in consolidating domestic capacity for environmental improvements
• Research into energy-saving technologies and carbon capture
• Development of high-purity aluminium for specialty applications

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2️⃣ 9. Vedanta Limited – Aluminium Business

Headquarters: Jharsuguda, Odisha, India
Key Offering: Primary aluminium, alumina

Vedanta’s aluminium business operates one of the world’s largest aluminium smelters in India. The company is a key supplier to the domestic market and is expanding its value-added product portfolio to cater to global demand.

Sustainability & Innovation Initiatives:

• Significant investments in captive power plants for energy security
• Initiatives for bauxite residue (red mud) utilization
• Focus on community development and water conservation

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1️⃣ 10. South32

Headquarters: Perth, Australia
Key Offering: Bauxite, alumina

South32 is a globally diversified mining and metals company with high-quality bauxite and alumina assets in Australia, Brazil, and South Africa. It is a critical raw material supplier to the global aluminium industry.

Sustainability & Innovation Initiatives:

• Commitment to sustainable mining practices and rehabilitation
• Focus on reducing operational greenhouse gas emissions
• Investment in projects that support the transition to a low-carbon future

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Aluminium Raw Material Market – View in Detailed Research Report

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🌍 Outlook: The Future of Aluminium is Green and Digitized

The aluminium raw material market is at a critical inflection point. While demand is set to surge, the industry is under immense pressure to decarbonize its operations, which are traditionally energy-intensive. The future will be shaped by a relentless pursuit of green aluminium, advanced recycling loops, and digital integration.

📈 Key Trends Shaping the Market:

• Exponential growth in demand from the electric vehicle and renewable energy sectors
• Accelerated adoption of carbon-free smelting technologies like inert anode and ELYSIS
• Strengthening of closed-loop recycling systems to maximize circularity
• Digitalization of the supply chain for enhanced traceability and efficiency

Get Full Report Here:
Aluminium Raw Material Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial metal—they are actively engineering the sustainable material foundation for the global economy of tomorrow.