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Alcoa Chairman and CEO Klaus Kleinfeld tells Yale School of Management that 2014 marks the beginning of dramatic growth for aluminum in the auto sector. Alcoa is leading the charge on the increased use of aluminum in the auto market. Already the number two material used to make cars, aluminum use is projected to nearly double by 2025.
Alcoa projects the value-added sheet products it provides to auto OEM’s will grow four times by the end of 2015 and ten times by 2025.