Mexican Media Brands
Aluminum for Cars Seen Growing 6% This Year
Alcoa Inc. predicts demand for aluminum by U.S. carmakers will rise 6% this year as manufacturers strive to reduce vehicle weight and improve fuel efficiency.
#aluminum
Share
Alcoa Inc. predicts demand for aluminum by U.S. carmakers will rise 6% this year as manufacturers strive to reduce vehicle weight and improve fuel efficiency.
The company predicts worldwide capacity to make aluminum will increase by 5.1 million tons in 2015, with 86% of the expansion occurring in China. Bloomberg News estimates demand will surpass capacity by 38,000 tons this year, down sharply from a shortage of 948,000 tons in 2014.
Aluminum prices rose 3% last year and appear likely to reach nearly $2,100 per ton in 2015, according to analysts surveyed by Bloomberg.
RELATED CONTENT
-
Light Vehicles and How They Got That Way
The approach that is clearly being taken by engineers to create vehicles is to use the right materials in the right places. The time of a single dominant material is gone and unlikely ever to return.
-
Jaguar Land Rover & the Globalization of Auto
If you want a sense of the nature of the global nature of this business, consider last week’s announcement from Jaguar Land Rover.
-
Range Rover Sport SVR Sets Low(ish) Speed Record
This is an interesting record: a Range Rover Sport SVR, which can accelerate from 0 to 60 mph in 4.3 seconds and has a top speed of 174 mph, was recently driven by Ho-Pin Tung, a Chinese-Dutch driver for the Panasonic Jaguar Racing team, on a road in the Hunan Province in China, and set a new record of an average speed of 42.8 mph.