14 SEPTEMBER 2011CHINADAILY
Aerospace, home appliance, and consumer goods sectors create opportunities
Edited by : AL CIRCLE
1 min read
Alcoa expects global aluminum demand to grow because of increasing population and urbanization around the world, particularly in China.They have seen many opportunities in China's aerospace, automotive, home appliance, consumer electronics, commercial transportation, and power generation industries.
Aluminum is used extensively in these industries because of its light weight, durability, surface qualities and corrosion resistance and also its infinite recyclability. About 75 percent of all aluminum ever made on this planet is still in use today.
In their meetings with Chinese leaders,they have been told repeatedly that more environmentally sensitive growth is what China is pursuing. And the extensive use of aluminum will certainly help meet this goal.Alcoa predicts that China's aluminum industry will maintain a strong rate of growth this year, around 15 percent growth in consumption. China is already the world's largest producer and consumer of aluminum and this will last for a long time.
Aluminum is used extensively in these industries because of its light weight, durability, surface qualities and corrosion resistance and also its infinite recyclability. About 75 percent of all aluminum ever made on this planet is still in use today.
In their meetings with Chinese leaders,they have been told repeatedly that more environmentally sensitive growth is what China is pursuing. And the extensive use of aluminum will certainly help meet this goal.Alcoa predicts that China's aluminum industry will maintain a strong rate of growth this year, around 15 percent growth in consumption. China is already the world's largest producer and consumer of aluminum and this will last for a long time.
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