Could ‘Green’ Projects Help Cushion The Slowdown In Aluminium Demand - Mcalloys
Demand for aluminium around the world over the course of 2023 has been – to put it mildly – disappointing, and recent data has supported this conclusion.
The LME aluminium price has declined by around 7% over the course of 2023, with prices trending sideways for months now as power costs have helped fend off further declines. Given a combination of China’s sluggish recovery from COVID-19 lockdowns, and stagnant economic growth in Europe and the United States, this situation is sadly not overly surprising.