Auto parts makers shine spotlight on aluminium's role in electric vehicles

LONDON: A faster paced energy transition through a speedier shift to electric vehicles has created a new, substantial demand stream for aluminium and major opportunities for auto supply chain firms flying under investors’ radar.

Aluminium producers such as Rusal, Rio Tinto and Glencore with access to large amounts of metal are set to benefit. It allocated 30% of its auto investment budget within its Extruded Solutions division to products for electric vehicle customers this year and expects annual growth of 20% in some parts of its aluminium product business between 2020 and 2024.

Aluminium weighs about one-third of steel per cubic foot, enabling “lightweighting” of electric vehicles and superior performance in terms of the distance travelled before batteries need to be recharged. “Aluminium battery housing is what many companies want to capitalise on, it’s going to be a big market,” Wren said.

Many of the companies that make aluminium products for autos still focus on ICE vehicles, but their plant and equipment can easily be reconfigured for electric vehicle components.

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