Global ALuminium Industry Outlook 2024

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What does AL Circle's report "Global ALuminium Industry Outlook 2024" offer to you?

The global aluminium industry in 2023 was a blend of positive growth and challenges. While technological advancements across the industry enhanced operational efficiency and growing consciousness for sustainability boosted demand, slow economic growth led to conscious buying sentiment and energy crisis in Europe induced higher production costs. Amid all this, the industry navigated through the year, leaving many significant developments to look forward to in 2024.
What’s in store in 2024? How the global aluminium industry will shape the year? What to expect and not to expect? You will find it all in AL Circle’s new industry-focus report - “Global ALuminium Industry Outlook 2024”

Although the first half of 2024 will mirror the earlier year, the second half is expected to see resurgence in demand and prices, driven by an anticipated recovery in the building and construction sector.

Global aluminium consumption in 2024 is anticipated to experience a growth rate of xxx per cent to reach XXX million tonnes. With net-zero, carbon neutral and sustainability at the heart of the industry, the aluminium industry will likely see further progress. Some significant changes are also awaited this year across the industry landscape, with the renewable energy sector and lithium-ion batteries becoming dominant demand-driving factors.

Like the year earlier, the transportation sector will continue to drive the aluminium demand in 2024, with EVs playing a major role. Sectors like packaging will focus more on aluminium, replacing plastic and glass, further leading to demand growth. More efforts and initiatives will be seen in recycling to enhance a circular economy and reduce GHG emissions across the industrial sectors.

For a closer look to the worldwide aluminium industry in 2024, refer to the table of content here: