Aluminum for automobiles has grown significantly, and the price of overseas companies has doubled
in one year As the market is optimistic about the application prospects of aluminum bodies, the overseas market, whether it is industrial aluminum processing enterprises or electrolytic aluminum production enterprises, has continued to rise since the third quarter of 2013. Among them, Alcoa, the representative of industrial aluminum production, and Century Aluminum, the representative of electrolytic aluminum production, have formed a doubling market.
Recently, aluminum prices have begun to bottom out, and aluminum prices are expected to rebound in the second half of the year
Short-term cost support is crucial, the speed of capacity reduction is accelerating, the ban on Indonesia is gradually fermenting, and the price of electrolytic aluminum is expected to rebound in the second half of the year. CRU expects LME aluminum prices to rise from US$2,000/mt in 2014 to US$2,350/mt in 2018. Macquarie expects the average price of aluminium to be US$1,767/mt in 2014 and rising annually thereafter to US$2,375/mt in 2018.
The exterior is hot and the interior is cold, and the growth of aluminum for transportation is strong

Electrolytic aluminum is hot on the outside and cold on the inside, that is, the foreign supply is insufficient, the domestic supply is oversupply, the growth rate of domestic demand is expected to be 8%-10%, and the growth rate of transportation demand in the downstream demand is accelerating, which is in line with the global trend of energy conservation and emission reduction. According to the CRU forecast, worldwide, the terminal aluminum consumption growth rate is more than 6%, and the demand growth rate of the transportation industry will exceed 8%, and in 2013, the terminal demand growth rate of the industry is just over 4%, an obvious increase. In the case of domestic and foreign linkage in the secondary market, although the rise in domestic aluminum prices is lower than overseas, domestic listed aluminum companies may still lag behind the pace of growth of overseas listed companies, forming certain investment opportunities.
Automobile lightweight is imperative, overseas has been gradually promoted

United States CAFE standards will promote the acceleration of "aluminum instead of steel", the next few years automotive aluminum plateIt will be the fastest growing area for aluminum metal applications. Goldman Sachs estimates that the production capacity of the North American automotive body-in-white market in 2013 was about 100,000 tons, which will increase to about 1 million tons by 2017, and conservatively expects the North American body-in-white market to reach at least 1.5 million tons by 2025. In addition to passenger cars, the Ministry of Industry and Information Technology of China may also begin to limit the fuel consumption of automobiles in the future, and gradually promote the replacement of open trucks with closed trucks, and all-aluminum trucks are likely to develop rapidly under the expectation of subsidy support. In addition, the trend of aluminum body seems to have become an irreversible trend, and Baosteel, which occupies 50% of the domestic automotive steel market, has also begun to cooperate in the development of aluminum for car bodies.