水清木华《2007年中国电解铝行业研究报告》(45页).rar Table　of　Content 1.　Analysis　of　Prospect　of　Global　Aluminum　Consumption........................5 1.1.　Aluminum　Is　an　Important　Raw　Material　of　Basic　Industry....................5 1.2.　The　Growth　Potential　of　China　Aluminum　Consumption　Is　Huge.............8 1.3.　The　Substitution　of　Aluminum　to　Other　Nonferrous　Metals　Is　Emerging　12 2.　Analysis　on　China　Electrolytic　Aluminum　Industry　.............................15 2.1.　Domestic　Primary　Aluminum　Output　Is　Still　Increasing　Rapidly............　15 2.2.　The　Macro　Control　of　the　State　on　Electrolytic　Aluminum　Industry　Is　Still Lasting..............................................................................................　20 3　Analysis　on　China　Aluminum　Oxide　Industry.......................................23 3.1　Domestic　Aluminum　Oxide　Output　is　still　increasing　rapidly　.................　23 3.2　The　Price　of　Aluminum　Oxide　is　Hard　to　Decrease　a　Lot　......................　26 4　Analysis　on　Supply　of　Aluminum　Ores　.................................................29 4.1　The　Global　Aluminum　Ore　Resources　are　abundant.............................　29 4.2　The　Supply　of　Aluminum　Ores　in　China　still　has　Hidden　Troubles　..........　31 5.　The　price　of　Aluminum　is　expected　to　be　maintained　in　a　High　Level　.35 5.1　Cost　of　Primary　Aluminum　Increases　Drastically.................................　35 5.2　Consumption　to　keep　rapid　growth　..................................................　38 5.3　Inventories　could　not　see　Large　Increase　..........................................　41 Figure　Index Figure　1:　Global　Aluminum　Consumption　Structure　in　2004　........................5 Figure　2:　China　Aluminum　Consumption　Structure　in　2004　.........................6 Figure　3:　Growth　of　Global　Main　Nonferrous　Metals　Consumption.................7 Figure　4:　Changes　of　Aluminum　Applied　in　Light　Cars　in　North　America　........7 China　Electrolytic　Aluminum　Industry　Report,　2007 3 Figure　5:　Global　Contribution　Rate　of　China　Primary　Aluminum　Consumption Growth　..........................................................................................8 Figure　6:　Growth　of　Global　Primary　Aluminum　Consumption　.......................9 Figure　7:　Average　Aluminum　Consumption　Per　Capita　and　Urbanization　Rate　in U.S　.............................................................................................　10 Figure　8:　Average　Aluminum　Consumption　Per　Capita　and　Urbanization　Rate　in China　..........................................................................................　11 Figure　9:　Growth　Rate　of　Main　Nonferrous　Metals　Since　2003....................　12 Figure　10:　Proportions　of　Aluminum　Price　vs.　Copper　Price　and　Aluminum　Price vs.　Zinc　Price................................................................................　13 Figure　11:　Annual　Production　Yield　of　Primary　Aluminum　in　China..............　16 Figure　12:　Forecast　of　Output　Growth　and　Production　Capacity　Utilization　Rate of　Primary　Aluminum　in　China.........................................................　17 Figure　13:　Output　Growth　and　External　Dependency　of　China　Aluminum　Oxide ..................................................................................................　24 Figure　14:　Spot　Price　Tendency　of　Domestic　Aluminum　Oxides　..................　27 Figure　15:　Reserves　Distribution　of　Global　Aluminum　Ores........................　29 Figure　16:　Output　Distribution　of　Global　Aluminum　Ores　in　2006　...............　30 Figure　17:　Import　Volume　and　External　Dependency　of　China　Aluminum　Ores ..................................................................................................　32 Figure　18:　Import　Proportion　of　Aluminum　Ores　from　Indonesia　in　China　....　33 Figure　19:　Import　Volume　and　Price　Tendency　of　Aluminum　Ores　in　China　..　34 Figure　20:　Production　Costs　in　Cash　of　Global　Electrolytic　Aluminum　..........　36 Figure　21:　Average　Electricity　Price　of　Global