Alcoa and Eurasia Group have published a new white paper titled: “Competitiveness & Green Transition in the Aluminum Industry: Finding Synergies or Facing Trade-Offs.”
The paper examines how aluminium demand is rising across multiple technologies, while, at the same time, the industry works towards reducing its carbon footprint.
Nicol Gagstetter, executive vice president and chief external affairs officer at Alcoa, said: “Aluminium is essential to the world’s low-carbon energy transition, and at the same time has opportunities to improve our own carbon footprint.
“This white paper offers a perspective on how the aluminium industry can improve its competitiveness relative to other industries while also addressing the requirements of decarbonisation.”
Global investment in the energy transition reached $2.1t in 2024, with aluminium demand set to increase by 80% by 2050, compared to 2020.
The aluminium sector currently accounts for around 3% of global industrial carbon emissions.
The report outlines how investments in circularity, supply chain traceability and low-carbon technologies can help aluminium producers remain competitive.
The full white paper can be found here.
