Norsk Hydro recently released its annual report: ‘Making the world lighter’.
In the report, President and CEO Svein Richard Brandtzæg wrote a letter to shareholders stating: “More and more discover the inherent properties of aluminium. Through innovation and product development we bring new aluminium solutions into new applications. Due to its light weight, formability, durability and endless recyclability, the growth is strikingly broad-based, spanning sectors like transportation, packaging, building & construction as well as electrical applications. While other base metals seem to have reached the point of saturation in many markets, aluminium still has a significant potential for increased use. In 2017 we're expecting demand for aluminium to grow by a healthy 3-5 percent.”
You can read the full letter online.