ICRA Predicts Accelerated Growth in Domestic Aluminum Demand Driven by Infrastructure Thrust

India’s domestic aluminum sector is poised for a robust 9% growth in the upcoming two fiscal years, propelled by the Government’s commitment to infrastructure development.

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A significant portion of the domestic aluminum consumption is concentrate within the power transmission and distribution sectors.

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The extensive infrastructure development initiatives, rising urbanization rates, Housing for All projects, railway investments in metro networks.

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ICRA predicts that the emphasis on reducing vehicle weight to enhance fuel efficiency will lead to higher aluminum usage per unit.

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While global aluminum consumption is project to grow modestly by 1% this year. China’s improved metal supply may lead to a surplus metal balance in 2023.

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