Downstream Aluminum Rolling and Processing Projects are Booming

SUGAR LAND--April 5, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--The 10% tariff on imported aluminum has companies like Century Aluminum Company (NASDAQ:CENX) (Chicago, Illinois) and Alcoa Corporation (NYSE:AA) (Pittsburgh, Pennsylvania) evaluating the restart of primary smelting capacity in the U.S. Overcapacity has plagued the primary sector. But globally, it's really the downstream aluminum rolling and processing sectors that are booming. Of the $83 billion worth of global aluminum projects being developed, $37.5 billion are in the downstream aluminum rolling and processing sector, according to Industrial Info. Another $34 billion is in primary smelting projects and another $12 billion is in aluminum foundries and forging operations.