Strictly control the total production capacity of electrolytic aluminum. In 2022, China's per capita aluminum consumption will reach 31.5 kg/person, which is still far behind the peak consumption level of developed countries such as the United States, but it is already at a global high. China's aluminum consumption is about to enter its peak around 2025, and current consumption will still face the challenge of slowing down and peaking growth. As the production capacity ceiling and consumption peak of the electrolytic aluminum industry are approaching, China's demand for alumina and bauxite will gradually decline in growth in the future.
Aluminum has always been mainly used to meet domestic demand. On the one hand, China Aluminum Processing continues to improve its capabilities in supporting major national strategies such as aerospace, weapons, ships, nuclear energy, and electronics. On the other hand, it focuses deeply on the people's growing needs for a better life. In recent years, the proportion of exported aluminum in production has basically remained at 8% to 12%. In 2022, China's aluminum exports will reach a new high, with the export proportion increasing to 13.6%. The overall export proportion is not large.