With the rapid adoption of electric vehicles globally, manufacturers are progressively replacing steel with aluminium whenever possible. Our client required qualitative and quantitative assessment of projected aluminium demand through to 2030.
Given its lightweight properties, Aluminium is increasingly being used in the automotive sector to dramatically increase the range of electric vehicles. However, with the wide degree of variability in electric vehicle projections, our client needed a much clearer understanding of the demand outlook.
Our methodology involved an assessment of aluminium demand under a range of custom scenarios jointly developed with our client. We developed a top-down demand model from scratch using primary research to understand the current and future aluminium demand in the automotive industry.
Using both our industry insight and our specific analysis, Commodity Insights provided the client with a report containing forecast automotive demand for pricing for both Alumina and Aluminium over short, medium and long term time frames.