Demand‑Driven Growth

Long‑term demand supports a favorable pricing environment. Analysts project a 40 % market growth by 2030, with a modest single‑digit compound annual growth rate through 2050. Data‑center expansion is expected to drive more than 1 million tonnes of combined aluminum and copper demand by 2030, adding over 130 basis points in incremental growth. Rising aluminum prices, fueled by global shipping disruptions linked to the war in Iran, are already boosting the company’s revenue base and are likely to continue supporting higher margins in 2026. The restart of critical elements is anticipated to reduce production costs and positively impact results.