Following the Global Financial Crisis of 2008 there was an attendant fall in demand for aluminium based products from major end use customers in the construction, automotive, aerospace and packaging industries. This forced the global bauxite, alumina and aluminium industry to adopt surgical cost reduction measures resulting in the retrenchment of uncompetitive capacity in some regions of the world. |
This whitepaper examines the revival of the Jamaican bauxite and alumina industry by first discussing the global downturn that buffeted it. It identifies some lessons worth learning and presents the revival initiatives already undertaken. It concludes with a set of revival measures currently being considered and singles out the prospect of muted growth in major segments of the global economy as a likely risk to the revival process.
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