Demand & supply of green aluminum to grow over next decade
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Update time : 2022-10-31 20:25:43
According to a report from McKinsey & Company, both demand and supply of green aluminum, including low-CO2 and secondary aluminum, were expected to grow over the next decade.
The supply will grow from 44 million tons to 71 million tons from 2021 to 2030, driven by primary aluminum smelters switching to renewable energy, higher recycling rates, and improved technology. The demand will rise from 26 million tons in 2021 to 62 million tons by 2030, driven primarily by automotive and packaging demand in Europe and China.
Aluminum will be in short supply by 2030, which will lead to higher premiums.
