06/06/2022
Aluminum Industry growth on the rise in North America
Preliminary estimates released by the Aluminum association in Virginia estimated that in the first quarter of 2022, North American has shown a 5.3 percent growth in the industry - coming at a time when U.S aluminum producers, fabricators and recyclers have made significant investments. Over this past year there has been a total investment of close to $3.5 billion – with Novelis as a major investor bringing $2.5 billion, making this the single largest aluminum investment made in decades. Novelis is looking to build a greenfield low carbon aluminum rolling mill and recycling facility in Alabama.
As compared to 2021 when the aluminum demand in North American totaled 6.6 million pounds in the first quarter, this year for the same time frame 7 million pounds was estimated.
President and CEO of the Aluminum Association, Charles Johnson says, “The picture for the U.S. aluminum industry remains very strong. Economic recovery, demand for recyclable and sustainable materials and robust trade enforcement are all making America a very attractive place to make aluminum, as evidenced by the fastest pace of investment for the industry in decades.”
Retrieved from: https://www.recyclingtoday.com/article/aluminum-demand-grows/
Kamczyc, A. K. (2022, May 25). aluminum demand grows. Recycling Today. Retrieved from https://www.recyclingtoday.com/article/aluminum-demand-grows/
Aluminum's domestic market remains strong as U.S. industry investment hits the highest level in decades.
