WEAK AND WITH A SOFT START.
December, 2024
HARBOR’s Aluminum Intelligence Report | December 2024
Executive Summary.
1. World aluminum demand is in contraction, and indicators point to a soft start in early 2025.
In Q4 ’24, auto production declined across all regions except China, with ROW’s auto output falling…
2. Indeed, world primary aluminum demand is not expected to grow in H1 2025.
Still elevated interest rates are expected to suppress spending on…
3. ROW and China’s primary aluminum production at record highs, ROW to lead in 2025.
In 2025, ROW is poised to lead global primary aluminum production…
4. A growing world aluminum surplus continues to be expected in 2025.
World primary aluminum inventories, including unreported stocks,…