Low-Carbon Initiatives Are Driving The Global Aluminum Industry Towards Sustainable Development And Transformation, PV And EV Sectors To Contribute To Over 50% Of The Incremental Demand For Aluminum Over The Next Decade

Deng Gang, the President of Rusal China Marketing and General Manager of Shanghai Exibe Economic and Trade, stated that low-carbon initiatives are propelling a sustainable development and transformation within the global aluminum industry. The continual demand for photovoltaic power generation will consistently contribute to the demand for aluminum, and the electric vehicle market will accelerate the growth in aluminum demand. Over the next decade, photovoltaic and electric vehicles are expected to contribute to more than 50% of the incremental demand for aluminum.

Automotive: At least 20% of car manufacturers globally have committed to ensuring their entire supply chain is sustainable by 2030 to 2040. This implies that more than 25 million vehicles must solely use materials that comply with sustainable development standards.

Construction: Several of the largest real estate developers have expressed their commitment to reducing their Scope 3 emissions by at least 50% by 2030, with a goal of achieving carbon neutrality by 2040. Implementing 'eco-friendly building' solutions is a part of their strategy to minimize emissions throughout the entire lifecycle of a building.

Consumer goods and appliances: Global consumer goods brands aim to increase the recycled content in their raw materials to 80%. The emphasis is on circularity and sustainability. Given its recyclability and versatility, aluminum is the material of choice.