21 DECEMBER 2015AlCircle.com
China aluminium consumption to peak in 2020, says CNMIA
Edited by : AL CIRCLE
1 min read
State-backed China Securities Journal reported, the vice-president of one of the country's leading industry associations has prediced that aluminium consumption in China will peak in 2020 as new industrial uses drive growth.
Chinese aluminium consumption will peak at 44 million tonnes (mt) a year, Wen Xianjun, vice-president of the China Nonferrous Metals Industry Association, told a forum, according to the report.
As per the report, in 2016, aluminum consumption is expected to grow 7.2 percent to 32.8 million tonnes.
Fuelling the next five years' growth will be new industrial uses, including the manufacture of lighter commercial vehicles, new energy vehicles and airplanes, said Wen.
Chinese aluminium consumption will peak at 44 million tonnes (mt) a year, Wen Xianjun, vice-president of the China Nonferrous Metals Industry Association, told a forum, according to the report.
As per the report, in 2016, aluminum consumption is expected to grow 7.2 percent to 32.8 million tonnes.
Fuelling the next five years' growth will be new industrial uses, including the manufacture of lighter commercial vehicles, new energy vehicles and airplanes, said Wen.
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