Ma'aden: Aluminum demand may double in Saudi Arabia

The Saudi Arabian Mining Company "Maaden" expects the demand for aluminum in the Kingdom to double over the next 5 to 7 years, reaching approximately 1.8 million tons annually by 2030, compared to around one million tons currently. This growth is attributed to the expansion of infrastructure projects and Saudi Arabia hosting major international events such as the 2034 FIFA World Cup, which require the construction of new facilities and infrastructure development. Additionally, the steady demand stems from growth in the construction, transportation, and local manufacturing sectors. Maaden currently produces about one million tons of aluminum, with 85% of its output exported to the local market, making the increasing domestic demand a key focus of the company's plans to expand the mining and downstream industries in Saudi Arabia. While regional tensions have had a limited impact, the projections indicate that the rising demand for aluminum will contribute to strengthening the Kingdom’s economic diversification strategy.

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