What makes you think there will an increase in demand for aluminium by the auto, durables, construction and other industries? What factors will lead to the increase?
The consumption and demand by the industries for aluminium is going to be fulfilled by its inherent qualities. The automotive sector is witnessing a rising demand as aluminium is a significant contributor to light-weighting and the shift to EVs has seen the metal being sought after. Aluminium alloys are also crucial in the aerospace and aviation sectors, battery casings and such next-generation products. Being a metal that can contribute to larger sustainable initiatives makes aluminium fit to contribute to the green building concepts that modern construction is fascinated with. A metal that complements the move toward a low-carbon economy, and the search for a metal that is light yet strong are probably the present-day factors that are set to lead to an increased amount of aluminium being used the world over.
This story is from the August 13, 2022 edition of Businessworld India.
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This story is from the August 13, 2022 edition of Businessworld India.
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