30+ percent more recycled aluminum produced in EU in the last 10 years
During the last ten years, aluminum production from recycled materials has increased by more than 30% in Europe. We at Stena Aluminum sense demand and have increased production by xx percent over the past ten years.
Global demand is expected to increase by 50 percent over the next 30 years.
The need for new aluminum and made from recycled materials is continuously increasing. New aluminum is made of bauxite ore. In 2020, The European Commission added bauxite to the list of Critical Raw Materials for 2020. The decision underlines the strategic importance of aluminum.
Increased use in passenger cars
Aluminum use in passenger cars is forecast to increase by 11 percent by 2025. The ongoing electrification in the automotive industry will change aluminum consumption. Battery Box and Body Closures will most benefit from the Average Aluminum Content growth.
Sources: Källor: DuckerFrontier, Alcircle, Euric, Statista, UN Environment.