During 2010-2016,AGR of global aluminum castings is 5.82%
Demand growth in the automotive industry is the main reason to promote the development of aluminum castings market stability
According to a new report by the Foreign market research firm “Research and Markets” Compare to other materials,such as steel,
Aluminum material were chosen as the ideal casting materials by automobile industry because of its light quality feature.
Moreover,the fuel consumption and emissions produced by aluminum casting are less than other metal materials
But the report also notes that electricity costs will increase to promote the rising cost of aluminum castings,to a certain effects on the downstream industries andmanufacturer's profitability.In addition,the instability of aluminum material price also brought a big challenge for aluminum casting industry.
