North America (US and Canada), which is currently embroiled in the ongoing trade war, is otherwise a key aluminium market, with demand consistently reaching millions of pounds annually, primarily driven by semi-fabricated and mill product. Although the demand decreased in 2023 to 26,087 million pounds (11.83 million tonnes), it rebounded the next year to 26,969 million pounds (12.24 million tonnes), marking an annual growth of 3.4 per cent.
The rise in demand was also evident in aluminium shipments, which increased in 2024 by 3.2 per cent Y-o-Y from 22,987 million pounds to 23,729 million pounds.
According to the Aluminum Association’s report, the demand for aluminium semi-fabricated and mill product rose by 3.4 per cent, led by key sectors like automotive, packaging, and sustainable infrastructure, bringing about new investments of more than USD 10 billion in domestic manufacturing operations.
Notably, these same sectors, along with construction, is of late driving the global aluminium market, which, in 2024 stood at USD 262 billion and is likely to reach USD 355 billion by 2030, as per AL Circle’s 2025 Outlook report.
Going ahead, the Aluminum Association expects the metal demand in North America to exceed the 10-year average in 2025, despite the challenges looming with US tariffs in place, particularly threatening aluminium cans consumption.
Charles Johnson, president & CEO of the Aluminum Association, said: “North American aluminium demand approached record levels in 2024. Despite some economic and market uncertainty ahead, the aluminium industry has shown time and time again that it is built to last. Our material is the essential element for the future of transportation, packaging, infrastructure even defense equipment.”
But how the projection is optimistic amid tariffs?
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