Global aluminum consumption is expected to increase by 1 time in the next 10 years
After the financial crisis, the global aluminum market fell into a slump. In the face of oversupply of the aluminum market, many large aluminum companies, including China Aluminum Corporation, are seeking to transform themselves into other business areas to get rid of the difficulties caused by a single business.
However, Rio Tinto Alcan did not plan to enter the same unfamiliar business areas as China Aluminum; on the contrary, Rio Tinto Canada Aluminum has shrunk the front line.
Rio Tinto Alcan CEO JacyntheKote said that this is due to the company's optimistic judgment on the global aluminum market. He believes that the urbanization of emerging markets, low-carbon environmental protection and other factors will make the aluminum market's future consumption will increase significantly.
According to Rio Tinto and Alcan, the global aluminum supply in 2015 will increase from 32 million tons in 2005 and 45 million tons in 2011 to 55 million tons; at the same time, between 2010 and 2015, It is expected that the global annual growth rate of aluminum demand will reach 5.5%.
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