30+ percent more recycled aluminium produced in EU in the last 10 years
During the last ten years, aluminium production from recycled materials has increased by more than 30% in Europe. We at Stena Aluminium sense demand and have increased production over the past ten years.
Global demand is expected to increase by 50 percent over the next 30 years.
The need for new aluminium and made from recycled materials is continuously increasing. New aluminium 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 aluminium.
Increased use in passenger cars
Aluminium use in passenger cars is forecast to increase by 11 percent by 2025. The ongoing electrification in the automotive industry will change aluminium consumption. Battery Box and Body Closures will most benefit from the Average Aluminium Content growth.
Sources: DuckerFrontier, Alcircle, Euric, Statista, UN Environment.