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FINANCIAL NEWS
UAE- H1 aluminum exports hike 102%
30 Dec 2012
(MENAFN) The UAE’s Ministry of Foreign Trade (MoFT) stated that in the January-June period, the country’s exports of aluminum and its products soared 102 percent from 2011’s same period, reported Emirates News Agency (WAM).
The country topped states of the Gulf Cooperation Council (GCC) in terms of aluminum production, the accumulative investments and workforce it has in the sector.
The ministry said that globally, the UAE ranked 34th in its 2011 aluminum exports.
It added that the Gulf country exports nearly 92% of its domestic aluminum production.
It is worth noting that in 2011, the world’s aluminum output reached 43.99 million metric tons, with China holding a 40-percent stake of the total production.
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