MARKET OUTLOOK & ALUMINUM PRICE FORECASTS
Overview of the Global Aluminum Market
The major sectors of the global aluminum market can be broken down into three industries:
- Packaging: The rise of processed food and beverages in developing countries is increasing rapidly. As a result, the need for aluminum packaging is growing. In this area, aluminum faces competition from plastic and glass.
- Automotive: Aluminum is a major player in the automotive world, as manufacturers look to replace steel with aluminum whenever possible. Aluminum is much more lightweight and can dramatically increase fuel economy.
- Construction: Which country uses the most aluminum? The major demand for aluminum comes from China, which ran a major aluminum trade surplus about eight years ago. China is responsible for about 60 percent of world demand for aluminum, mostly for construction.
Importance of Aluminum Market Intelligence
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Market Outlook and Aluminum Forecast Reports Offered
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