SHANGHAI, Jun. 8 (SMM) –While global demand for aluminum is growing by 2-3% per year, demand from automobile industry looks set to increase 14% every year, Norsk Hydro President & CEO Svein Richard Brandtzæg said.
This is due to rules and regulations, incentivizing car makers to build lighter cars that are more environmentally friendly, Svein Richard Brandtzæg explained.
Aluminum is a preferred metal for automotive applications for several reasons: its density is only one-third that of steel, it has excellent corrosion properties, leads heat and electricity effectively, and not least – it is infinitely recyclable. In addition, aluminum – when alloyed and manufactured in a smart way – absorbs energy very effectively, making cars safer.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.