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U.S. automakers demand could boost aluminium price.
Issued at 2014-07-31
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U.S. automakers demand could boost aluminium price for Japan Aluminium industry. "If automakers follow Ford's step to use more aluminium, supply of the metal will become short and prices could rise as high as around $2,500 per tonne," says Takashi Ishiyama, chairman of the Japan Aluminium Association.
Ford Motor plans to launch a new aluminium-intensive truck this year, with speculation that other carmakers could start using more of the metal, which is lighter than steel and helps make vehicles more fuel-efficient.
But Ishiyama, also the president of Nippon Light Metal Holdings Co Ltd, said Japanese automakers had been trying to improve car efficiency through technological advances rather than shifting to aluminium vehicles.
But Ishiyama, also the president of Nippon Light Metal Holdings Co Ltd, said Japanese automakers had been trying to improve car efficiency through technological advances rather than shifting to aluminium vehicles.
Source: Aluplanet
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