Novelis Says China’s Plans for Electric Cars Will Boost Aluminum Demand
China’s push to build more electric cars is likely to create a higher demand for aluminum, says Novelis Inc. – the world’s larges supplier of aluminum sheets to automakers.
China’s push to build more electric cars is likely to create a higher demand for aluminum, says Novelis Inc. – the world’s larges supplier of aluminum sheets to automakers.
According to Bloomberg:
China, the world’s biggest carbon emitter, is mandating that at least 30 percent of new government vehicles be powered by alternative energy by 2016 in the government’s latest salvo to combat pollution and reduce energy dependence.
The use of aluminum in auto bodies by China, Japan and South Korea, Asia’s major carmaking countries, is around 50,000 metric tons and expected to grow at about 30 percent a year for at least the next decade, Shashi Maudgal, president of Novelis Asia, said in an interview in Changzhou.
Shashi Maudgal, president of Novelis Asia, said:
China has a very aggressive target for using electric vehicles. If this project takes off, this 30 percent increase will be much more.