Last Updated: 5/21/2025 11:39:00 PM
Demand for lighter weight cars is likely to lead to significant growth for the aluminium sector, according to the Aluminium Federation (ALFED) It expects that there are $3 billion of supply chain opportunities for the aluminium sector as light weighting of road vehicles means that the UK’s seven volume car manufacturers and their 2,500 components suppliers in the UK see the benefits of aluminium. Analysts expect that there will be 5 percent year-on-year growth in aluminium demand for the foreseeable future, with transportation demand growing closer to 7 per cent per annum. Speaking at the ALFED Aluminium in Road Transport conference, ALFED chief executive Will Savage said: “This growth presents a huge opportunity for companies to enter the supply chain providing a whole range of products and services to car makers, from processing to design “Currently, on many cars made in Britain, only 30 per cent of components are produced in the UK but over the next few years, we will be working with industry and the Government to change that.” Source: Aluminium Association of India
