World's biggest aluminum supplier says automotive-grade sales will triple
The demand for more will increase after that, according to another Novelis exec, with the weight of all aluminum content – such as sheet, plate, extrusions, foil – in global light vehicle production to approach 35 billion pounds by 2025. Today, aluminum weight for annual global vehicle production is only seven billion pounds according to market research firm Ducker Worldwide and the The Aluminum Association's Aluminum Transport Group, with "guaranteed" growth for the next 50 years. With demand already outstripping supply, you can expect an accelerated and guaranteed growth in the prices of new cars as well.
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