Kobe Steel: Automotive Aluminum Consumption to Skyrocket 6-7 Folds by 2025

Published: Jun 22, 2017 17:50

Save

Kobe Steel is optimistic over automotive aluminum demand, citing stricter environmental protection regulations.

SHANGHAI, Jun. 22 (SMM) –Kobe Steel is optimistic over automotive aluminum demand, citing stricter environmental protection regulations.

Since cars made of aluminum could reduce weight and improve fuel efficiency, increasingly stricter environmental protection requirement will boost aluminum use in cars, Kobe Steel said.

Another Wave of “Buy the Rumor, Sell the Fact” in China Aluminum Market? SMM Reports

Kobe Steel predicts that automotive aluminum consumption will grow 6-7 folds by 2025 compared with 2016’s level.

East Hope Plans to Build Alumina-Aluminum-PV Project in India

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: sallyzhang@smm.cn or service.en@smm.cn.

Kobe Steel automotive aluminum demand

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

50 mins ago

US, Canada Near Trade Deal to Lower Tariffs on Steel and Aluminum, Introduce Export Quota

[SMM Aluminum Express News] The U.S. and Canada are moving closer to a trade agreement that could provide tariff relief for Canadian exports, with negotiations reportedly covering automobiles, steel and aluminium. President Donald Trump postponed the planned 50% tariff on a range of additional Canadian goods for three days, saying the two countries were close to a deal, while Canadian Prime Minister Mark Carney said substantial progress had been made but negotiations were not yet complete.

50 mins ago

1 hour ago

Overnight futures narrow recovery, spot cargo off-season lacks upward momentum [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Overnight Futures Narrowly Recover, Spot Cargo Lacks Uward Momentum in Off-Season] Overnight, the aluminum alloy 2610 contract opened at 22,905 yuan/mt. After a quick dip at the night session's open, buying gradually stepped in, driving prices to consolidate and rebound, hitting an intraday high of 23,055 yuan/mt before closing at 23,035 yuan/mt, up 0.41%.

1 hour ago

Inventory destocking continues to support the futures, making it difficult for aluminum prices to break the consolidation range in the short term [SMM Aluminum Morning Briefing]

[Aluminum Social Inventory Destocking Underpins Futures, Short-Term Prices to Consolidate Within Range] Overall, domestic aluminum prices are expected to mainly consolidate in the short term, with upside room likely to be suppressed by production resumption expectations.

1 hour ago