Aluminium outlook: Strong and consistent long-term demand expected – ZAWYA

Aluminium outlook: Strong and consistent long-term demand expected – ZAWYA

Aluminium outlook: Strong and consistent long-term demand expected | ZAWYA MENA Edition HomeMarketsCommoditiesArticleAluminium outlook: Strong and consistent long-term demand expected Growing demand for environmentally friendly businesses catalyst for the most recycled metal    Image used for illustrative purpose. Chinese worker moves the aluminum pipes at the Qinghai Guoxin Aluminium Industry Incorporated Company workshop on August 20, 2010 in Xining of Qinghai Province, China. The sustainable nature of aluminium is likely help boost global demand of the silvery-white metal to 298 million tonnes per year by 2050 from the current 65 million tonnes per year despite a slowdown in 2020 due to COVID-19, according to research analysts.The long-term drivers of aluminium growth remain intact with the growing appetite for environmentally friendly solutions in transport, infrastructure, energy, and food security, said a report by the CM Group -- global independent research analysts.Aluminium is the most recycled of all materials and its alloys can be melted down and reused without any detriment to its mechanical properties, said the report commissioned by International Aluminium Institute (IAI).The long-term drivers of aluminium growth remain intact with the growing appetite for environmentally friendly solutions in transport, infrastructure, energy, and food security, said a report by the CM