UK aluminum industry remains cautious about potential impact of aluminum being added to critical minerals list
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Update time : 2024-12-05 20:55:02
On November 28, 2024, the UK Critical Minerals Intelligence Centre (CMIC) added aluminum to its 2024 critical minerals list. Industry representatives welcomed the recognition but emphasized that the impact will depend on future policy developments.
As a leading global exporter of aluminum scrap, the UK plays a crucial role in the supply chain. However, challenges such as limited scrap availability and reduced production, particularly in the automotive sector, have strained domestic markets.
Aluminum is essential for the green energy transition, and the UK has seen significant investment in recycling, with companies like Hydro and Novelis advancing the sector.
The Aluminium Federation (ALFED) praised the inclusion as a step toward strengthening domestic recycling capabilities and reducing supply chain vulnerabilities. Still, issues such as high energy costs and infrastructure limitations remain critical hurdles for the industry.
