Global aluminium pivot: Will low-carbon scrap reshape the market?
After the pandemic in 2020 and early 2021, global aluminium demand has made a strong comeback and is now on a steady growth trajectory. According to industry data, total global consumption hit 97.6 million tonnes in 2023 and is projected to rise to 100.8 million tonnes in 2024, primarily driven by the release of pent-up demand. Out of this total, recycled aluminium made up 27.7 million tonnes in 2023, with a slight increase to 28.4 million tonnes in 2024.
As per AL Circle's report, the global aluminium recycling market is set to experience notable growth from 2023 to 2032. By 2024, the industry had already shown consistent progress, due to strategic moves and investments from key players in the field.
Unlock full access – sign up for FREE.
Key benefits
Typhoon temporarily disrupted the Guangdong secondary aluminium market, mid-week, cast aluminium alloy futures warrants exceeded 19,000 tonnes
Next articleThis week, operating rates at leading secondary aluminum producers slightly rebounded; next week's double festival holiday to cause a phased pullback in operations
Grow with
AL Circle
