Aluminum on the Move
The new Braidy Industries mill in Kentucky is a good thing for the automotive industry. Before the $1.6 billion facility has even started up (2020), orders through 2026 are at 140% of startup capacity. Lightweighting is driving the use of aluminum in more applications with current supplies being challenged. It is expected that total aluminum content per vehicle will grow to 565 pounds by 2028 (16% of total vehicle weight), up from 397 pounds in 2015.
Also illustrating aluminum’s moves, a Chinese aluminum wheel manufacturer, Citic Dicastal, plans to build two plants in Morocco with a goal of producing 6 million units annually.