Thursday, April 17, 2008

The Debts of the Lenders: Dubai Commodity Exchange

Base Metals

Until the recent past, the Middle East has had only a minor role to play in the production, trading, and consumption of base metals. However, lead by the UAE, the region is emerging as a global centre for aluminium production, with more than 2/3s of all global aluminium production investment taking place here. The burgeoning developments in oil refining and processing, steel production and processing, and construction has fueled a remarkable growth in base metal consumption.

Processing activities, to meet internal demand or for re-export, has also mushroomed. As with steel, DMCC has been progressively tailoring its business proposition to the local, regional, and international base metals community, and is fast developing a highly attractive commercial proposal for businesses to enter and grow within this sector.


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