Novelis to More Than Triple Aluminum Recycling on Car Demand

While there are concerns about the economic slowdown in China, the world’s biggest user of aluminum, the Asian country is still “very attractive” in the long term, Prichett said. The country accounts for about 40 percent of global production and demand, according to an estimate from researcher Brook Hunt.

“When we say slowdown in growth, we are talking about slowdown to maybe only 6 to 8 percent growth instead of 8 to 10 percent growth,” he said. “If you compare to say North America at less than 2 percent growth, the Chinese market is still growing very fast even at the reduced expectations.”

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