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Aluminium will welcome the development of global demand for aluminum or rapid growth
In the LME aluminum price increase of 24%, the global aviation industry and transportation sector with the rapid growth of aluminum demand, Alcoa's second quarter sales reached 6.59 billion US dollars, an increase of 27% over the first quarter. However, the aluminum companies with huge profits are not only Alcoa. The person in charge of Amag said that in the next 10 to 12 years, the global demand for aluminum will double, and the prospect of the aluminum industry is very impressive. Major businesses are also predicting that in the next decade, demand for aluminum for aviation will increase by 9.1%, demand for aluminum for transportation will increase by 8%, and aluminum for construction will increase by 5.6%. In addition, China’s 12th Five-Year Plan will Pulling up the 55% increase in demand for aluminum in railway infrastructure. At present, some aluminum companies have begun to take these orders. Last month, Alcoa signed a multi-year contract worth $1 billion with Airbus to provide high-quality aluminum alloy sheets and aluminum alloy sheets for Airbus. Chinalco also signed a joint agreement with Sapa Group to produce 20,000 tons of aluminum per year for the China Rail Transit project.