[Fellow]Reuters reported that China’s state backed research house Antaike said that output of primary aluminium in China will increase until 2024.
[Ferro-Alloys.com]Reuters reported that China’s state backed research house Antaike said that output of primary aluminium in China will increase until 2024, after which secondary, or recycled metal will start to claim a bigger share of plateauing consumption. Antaike Chief Aluminium Expert Ms Xiong Hui said “After years of rapid growth, China’s aluminium consumption has entered the stage of slowing down and is also expected to peak around 2024. There will be the growth in secondary aluminium production, the demand for primary aluminium will tend to decline.”
Antaike sees carbon emissions from China’s primary aluminium sector peaking by 2025, versus 2024 for zinc and 2023 for lead. Ms Xiong said “For aluminium, whose production is the most energy-intensive, the emission reduction task is very difficult and the time is very urgent. A 25.9% drop in emissions from China’s primary aluminium industry is likely from 2025-2030 as smelters seek to reduce their reliance on coal and tap cleaner sources of electricity. In 2035, emissions from primary aluminium production will account for 68.3% of China’s overall aluminium emissions, a drop of 6.8 percentage points from 2020.”
China is the world’s biggest aluminium maker, churning out a record 37.08 million tonnes in 2020. However, its government wants to cap annual smelting capacity at 45 million tonnes and producers, under pressure to reduce emissions, are looking to recycle more scrap metal instead.
source：SteelGuru Business News
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