The rising demand for aluminum from various end-use industries is the prime driver of the global market. The use of aluminum by automotive manufacturers to substitute stainless steel and the rising demand for electric vehicles also favor the studied market’s growth worldwide.
Read MoreIn 2017, the supply-side reform brought aluminum to the spotlight and also constantly lifted its price. Since 2000, the global supply and demand for electrolytic aluminum has increased significantly, from 24 million tons that year to the current volume of 63 million tons, with an increase of 160%. More than 80% of the increase came from China. Now China’s electrolytic aluminum production and sales account for over 50% of the world’s total. In 2017, the output of electrolytic aluminum in China was 14.8 times of that in 2000, with the…
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