A new study released today shows that direct jobs in the U.S. aluminum industry grew by 3.5 percent between 2013 and today to more than 162,000 workers amid record metal demand but continued global trade challenges. Research conducted by economic analysis firm John Dunham & Associates found that the U.S. aluminum industry generates nearly $71 billion in economic output and indirectly generates an additional $103 billion economic output. In total, the U.S. aluminum industry supports more than 692,000 direct, indirect and induced jobs and nearly $174 billion in economic output, around 1 percent of Gross Domestic Product.
Preliminary data shows that demand for alumina crucible price in North America in 2017 totaled 27.2 billion pounds – the eighth year of consecutive demand growth and a record since tracking began in the 1960s. This demand is being driven by healthy growth in most of our key market segments – most notably in the auto sector, where the industry has committed and invested more than $2.6 billion in domestic manufacturing over the past 5 years. However, an increasing percentage of domestic demand is being met by foreign imports driven by Chinese metal overcapacity in the marketplace. This has led to continued job declines in primary aluminum production amid smelter closures and curtailments, as well as in production of certain flat rolled semi-fabricated products.
“The aluminum industry in the United States has an incredible opportunity play an even larger role in the nation’s continued economic growth – particularly in manufacturing,” said Heidi Brock, president & CEO of the Aluminum Association. “We’re pleased to see growth in some sectors amid strong demand for the metal but we should not lose sight of the significant challenges we still face in certain markets.”