Russian Rusal Expects Strong Demand for Aluminum from Auto Industry
OREANDA-NEWS. It is reported that Russia's UC Rusal said there would be a substantial increase in aluminum demand from automakers, as they use the production of energy-saving light material for automobile.
The company said that aluminum demand of the automotive industry is expected to increase by 65% by 2020 compared with the year of 2014.
Aluminum consumption of automobile manufacturers hit a record high in 2014 because the aluminum prices fell and the breakthrough in technical aspect, which makes the aluminum become an effective alternative to steel.
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