02 APRIL 2024AlCircle.com
Revival in the automobile sector likely to buoy Japan’s aluminium demand in FY2024
Edited by : Debanjali Sengupta
2 min read
Japan is one of those countries exhibiting a buoyant aluminium market for the fiscal year 2024, driven by potential demand due to the revival in the semiconductor and automobile sectors.
According to the estimated data shared by the Aluminum Research Committee, Japan’s demand for aluminium products will most likely reach 3.85 million tonnes in FY 2024, marking an increase for the first time in three years. Only the demand for rolled aluminium products is projected to fall short of the 4 million tonnes target, remaining at 1.73 million tonnes through FY2024.
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