Aluminum not priced out of auto market: exec
May 05, 2014 | 04:06 PM
| Nathan Laliberte
NEW YORK Novelis Inc. lambasted an analysts claim that aluminum usage in automotive production is unlikely to exceed steel usage until cost efficiencies improve.
"Its simply not credible to suggest aluminum is getting priced out of the auto market at the very moment when aluminum is winning historic gains in automotive," Tom Boney, vice president and general manager of Novelis North American automotive business, told AMM in response to a report issued by Bernstein Investment Research & Management senior analyst Paul Gait.
If "steel can do everything aluminum does but cheaper, how do you explain aluminums more than 40 years of uninterrupted market penetration growth?" Boney asked.....
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