Aluminum-Related Activity Accounts for Billions' Worth of U.S. Projects

Aluminum-Related Activity Accounts for Billions

September 29, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--According to The Aluminum Association (Washington, D.C.), North American aluminum demand rose 4.8% in 2022. This is due to several factors, such as higher demand for aluminum beverage containers and increased use of aluminum in automaking. The association cites a study showing that aluminum content per vehicle is expected to grow by an average of 100 pounds between 2020 and 2030 to 500 pounds per vehicle, a 233% increase over 1990 levels. With such market growth, aluminum projects, whether for casting, rolling or recycling are taking off, and Industrial Info is tracking billions of dollars' worth of U.S. aluminum-related project activity.

Companies featured: Steel Dynamics Incorporated's (NASDAQ:STLD), Crown Holdings Incorporated (NYSE:CCK)

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