Aluminium demand lies at the heart of this surge. Yet, the outlook is not all smooth. Supply bottlenecks, tougher environmental rules and geopolitical rivalries are there.
Aluminium’s expanding reach
Most of the world’s bauxite, about 85 per cent, ends up as alumina, which is then refined into aluminium. The metal has become hard to replace. In cars, the story is striking. Back in 1980, an average vehicle carried only about 120 pounds of aluminium. By 2030, that figure is expected to hit 252 kilograms.
