Global aluminum demand expected to reduce in 2020
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Update time : 2020-12-28 17:20:59
Miles Prosser, the Secretary-General of the International Aluminum Institute (IAI), said that the global aluminum demand was expected to reduce by 5.4% this year compared to the previous year, mainly due to the COVID-19 epidemic.
However, the medium-term global aluminum demand will grow strongly, driven by the government’s investment in the infrastructure, construction, and automobile sectors.
Besides, the Australian Department of Industry reported that the growth in global primary aluminum demand will bring a supply shortage in the aluminum market and boost aluminum prices in the next two years.
