CRU Aluminum: Economic Challenges to Come to a Head in 2023

Starting after the recovery of the financial system from the 2008 global financial crisis, and continuing until Covid-19 hit, the economy was remarkably stable and consistent. Demand for aluminum in general grew at a steady pace, with some end-use segments outperforming historical averages. For financial markets, the running joke became “stock prices go up.” Since 2020, however, uncertainty and volatility have returned to all markets. Combined with the geopolitical risks, supply chain disruptions, and worldwide inflation economic, growth has been stifled. These trends will all play a key role throughout this year, and will give hints to future long-term growth potential.