Bloomberg reported on January 25 that currently, Europe's aluminum industry is facing difficulties. Due to the successive closure of smelters, China's implementation of export controls on critical minerals, and the implementation of the EU's Carbon Border Adjustment Mechanism, the region is entered a severe aluminum supply problem. It is reported that the EU currently consumes 13.5 million tons of aluminum annually to meet the needs of its automotive, aerospace, and construction industries. However, local primary aluminum production has plummeted to only 950,000 tons, with a structural shortage as high as 93%. Data also shows that since 2010, primary aluminum production in Western and Central Europe has dropped by more than 25%, resulting in an actual "deindustrialization" in the upstream industries of the region. Slovak Prime Minister Fico stated that Europe needs approximately 6 to 7 million tons of aluminum production, and the rest relies on imports. He is promoting the restart of the Slovak steel plant, which was once a leading manufacturer in Europe, with annual steel and aluminum production reaching 175,000 tons, but it was closed in early 2023 due to the energy crisis. The latest data shows that globally, the high-strength aluminum alloy market is expected to soar from $66.01 billion in 2025 to $115.29 billion in 2030, equivalent to a compound annual growth rate of 11.8%.

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