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China’s Plans for Electric Cars Will Boost Aluminum Demand

2015-06-02

There is a good news for most of aluminum manufacturers, especially in China.

According to the news form Bloomberg, China’s push to build more electric cars is likely to create a higher demand for aluminum.

As quoted in the market news:

China, one of the world’s biggest carbon emitters, is mandating that at least 30 percent of new government vehicles be powered by alternative energy by 2016 in the government’s latest salvo to combat pollution and reduce energy dependence.

The use of aluminum in auto bodies by China, Japan and South Korea, Asia’s major carmaking countries, is around 50,000 metric tons and expected to grow at about 30 percent a year for at least the next decade

China has a very aggressive target for using electric vehicles. If this project takes off, this 30 percent increase will be much more.

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