Steve Fisher, CEO of Novelis, the world's largest rolled aluminum producer, said on Tuesday that global demand for rolled aluminum is expected to increase by 4-5% next year due to increased demand from the automotive and can industry.
"It is expected that the global demand for rolled aluminum will increase by 4-5% next year." "Although the demand for each region and the specific type of aluminum will be different, the overall demand is expected to increase next year."
He said that in the Asian region, as population growth and environmental awareness increase, the demand for aluminum from the automotive and can industry is increasing faster than the rest of the world.
Sachin Saptute, president of the company ’s Asian region, said that the demand for rolled aluminum in the can industry in Asia next year will increase by 5-6%, and that in Southeast Asia will increase by 7-8%, but the aluminum demand in the automotive industry is expected to increase by 20-25 %.