And Naturally so, the increased demand is pulling prices for the metal upwards. Of course Ford and other rivals have secured contracts well before the prices began to rise. In the long run it could become FAR more costly for other automakers to make use of aluminium.
Granted that may not be a concern to them as they will inevitably pass the costs on to consumers...
s most commodities face a bear market, Ford Motor Company (NYSE:F) is helping to uplift prices of aluminum by increasing its industrial usage amid surging demand for its all-new aluminum 2015 F-150 full-size pickup.
According to analysts at Morgan Stanley, consumption of metal in the US will rise around 7% for the present year to 5.38 million tons – the highest in the last eight years. The expectations of the increased usage of metal are largely driven by a flourishing US auto market.