European aluminium foundry market sees headwind due to subdued domestic automotive production

Analysts from Fastmarkets have reported a slowdown in aluminium consumption in the European automotive industry, underpinning muted economic factors. A considerable decline in automobile production due to the ill effects of the cost-of-living crisis has resulted in reduced applications of lightweight metal, according to Fastmarkets analyst James Moore.

Kirstine Veitch, principal consultant at Fastmarkets, also explained:  “The real issue is the low level of vehicle output in Europe. While automotive output remains depressed, the European PFA sector will remain challenging.”