Barclays in a report pointed out that aluminium could face the biggest market deficit in 2014 and aluminium substitution in automobiles is also gaining momentum. Automotive industry accounts for 40% of the end demand
Aluminium use was so far restricted to use in low-volume luxury and sports car models but with the F-150, Ford is taking it to bringing it to mainstream, Automotive News commented. F-150 has 450 kg of aluminium, nearly three times the current average aluminium vehicle content.
Barclays in a report pointed out that aluminium could face the biggest market deficit in 2014 and aluminium substitution in automobiles is also gaining momentum. Automotive industry accounts for 40% of the end demand for aluminium.
"Far from a one-off or publicity stunt, this can seen as part of a serious and sustained sectoral trend geared toward meeting CAFE standards and associated fuel efficiency targets," Barclays said.
Global primary aluminium market in 2014-potentially the tighest annual balance since the early 1980's.
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