The demand for battery aluminum foil in the fields of new energy vehicles and energy storage is expected to continue to grow.
Power battery demand: With the rapid development of the new energy automobile industry, the demand for power battery aluminum foil will grow steadily. The demand for aluminum foil for power batteries in the next few years (2022, 2023, and 2024) is expected to be 190,000 tons, 250,000 tons, and 330,000 tons respectively.
Demand for energy storage batteries: Under the "dual carbon" policy and the development of 5G technology, energy storage batteries have broad application prospects, so the demand for energy storage battery aluminum foil will continue to increase. The demand for aluminum foil for energy storage batteries in the next few years is expected to be 33,000 tons, 48,000 tons and 66,000 tons respectively.
Consumer battery demand: Supported by the continuous iterative updates of electronic products, the demand for consumer batteries will also grow steadily. The demand for aluminum foil for consumer batteries in the next few years is expected to be 24,000 tons, 27,000 tons and 31,000 tons respectively.
