IAI: Aluminum demand to increase by 80% by 2050
Views : 179
Update time : 2021-03-31 16:29:25
According to the forecast of the International Aluminum Institute (IAI), the global aluminum demand will increase by 80% by 2050, with an annual need exceeding 170 million tons.
However, IAI said that the carbon dioxide emissions during the aluminum production process must be slashed by 80% within 30 years in order to avoid global warming. The cost was expected to be US$0.5-1.5 trillion or US$16.7-50 billion per year, accounting for around 8.5-25% of the industry’s income.
Besides, IAI pointed that the increase in the aluminum recycling rate will reduce the demand for raw metals to less than 90 million tons per year, while the annual output might surpass 80 million tons by 2050.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
