Demand for aluminium is set to soar, with the increasing deployment of electric vehicles, solar panels, electricity networks, wind turbines, heat pumps, hydrogen, digital and defence technologies.
Considering the extensive range of applications where aluminium is used, a disruption in its supply would have a profound and far-reaching impact, especially given that two-thirds of global primary aluminium production is already controlled by nonmarket economies. In that context, developing a balanced and diversified aluminium production capacity is critical.
As negotiations advance on the Critical Raw Materials Act, this letter calls on policymakers to formally recognise the strategic nature of aluminium, as already acknowledged by the European Commission in its impact assessment accompanying the CRM proposal as well as other supporting studies.