The Economist Intelligence Unit expects global demand for primary aluminium to grow by 2.5% in 2024, and by 2.6% and 2% in 2025 and 2026 respectively, but faces a share squeeze from scrap demand. Production is forecast at 72.3 million tonnes in 2024, 73.2 million tonnes in 2025 and 74 million tonnes in 2026. China's 2024 production forecast was also raised and adjusted for year-to-date growth, while Russia's 2025 and 2026 production forecasts were lowered.
