With the increasing popularity of electric vehicles, there has been a significant rise in demand for aluminum products in the European rolled metal market. This has been driven by the use of aluminum in car bodies by large automakers such as Tesla, BMW, and Volkswagen, who have recognized its benefits in terms of lightweight and strength. As a result, companies like Hydro Aluminum and Constellium have seen a record number of orders for their aluminum products in the automotive industry. Analysts predict that by 2030, aluminum use in electric transportation will increase by 40% in Europe, stimulating local manufacturers and leading to the development of new recycling technologies. This growth in demand has made the rolled aluminum market one of the fastest-growing markets in the European steel industry.
Electric cars are making people want more aluminum rolling things in Europe. The market is making new records.
