Aluminium production in Iverica

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Aluminium Production in Iverica
MUNTANYA DE SANT MAMET - ALÒS - IB-681.JPG
Part of a Bauxite deposit in Nou Stille

Country Republic of Iverica
Commodity Aluminium
Production 12.491 million tonnes
Value $29.478 billion standard units
Year 2020

Aluminium production in Iverica is significant both in contributing to the nation's arms manufacturing industry, aircraft engineering industry, maritime engineering industry, and other heavy industry. Iverican aluminium contributes 35% of the glubal 35.69 million metric tonnes [1]. After [Metztlitlaca], Iverica is the second largest producer of aluminium on Eurth, producing 12.491 million tonnes.

Production is largely fuelled by the mining and processing of bauxite in the hilly and mountainous south of the country. Iverican domestic consumption utilises roughly 58% of the 12.491 million tonnes produced per annum, with the remainder exported to nations in the Federated Commonwealth of New Iberium and the The United States of Prymont.

Despite the relative abundance of bauxite close to surface level, supply is hampered by the presence of cadmium and other impurities. As a result, the industry is highly regulated by a parliamentary Alumina Purity Commission. Higher and more efficient refinement standards have been the focus of Iverican aluminium companies.

History

The first ventures towards mass production of aluminium were recognised in 1932 following the successive booms in Iverican manufacturing exports. High competition in domestic designers of automobiles, aircraft, and other machinery lead to an increased interest in alternative materials. While bauxite had been mined and processed since the discorvery of earlier conversion processes, demand remained relatively low and stable even decades after the discovery of the Bayer Process.

After the First Argic War in 1954, many factors; including the pre-eminence of Iverica as a military power; and the rising dominance of manufacturers like Toledo Heavy Industries, Arx Arms Manufacturing, and Suisa Aeronautics lead to a surge in investment into larger mines and larger processing plants. The Iverican industry was rapidly developed to the point that the small peninsular country became the number one producer in Argis. Growth continued during the economically buoyant 1950s, and at the end of the decade 3 national companies, AL-Varo, Toledo Metals, and Bauxer were well established with several transnational companies following suite.

The industry faced enormous difficulties after the Second Argic War in the mid 1970's. The rise of the oil price rises in 1972 increased the price of aluminium and negatively affected Iverican exports for several years.

With the lowering of Prymontian-Russian oil prices in 2018, a better supply-demand balance in the industry, and new taxation regime for the industry with which some prrivate companies allegedly prefer, Iverican economists theorise that Iverican aluminium will be much more competitive on the wurld market.

Production

Bauxite Mining

Deposits

Processing

Industry Overview

Domestic Use

Export

References

  1. [1] (June 23, 2020)