Ford, GM call for clean aluminum investment

Ford, GM call for clean aluminum investment

MANILA: Ford Motor Company and General Motors, along with 12 leading companies in the United States, advise the United States (US) Department of Energy (DOE) to invest in American-made clean aluminum to retain manufacturing jobs and lessen industrial emissions in the slumping aluminum production industry.

KEY TAKEAWAYS

  • What challenges are faced by the U.S. primary aluminum industry?

    The U.S. primary aluminum industry has been pestered by reduced production, layoffs, and closures partly because of the unstable price of fossil fuels.
  • How much rise in global aluminum demand is expected in the coming years?

    Global demand for aluminum is expected to rise by 40 percent by 2030 and 80 percent by 2050.
  • In a letter sent to US DOE Secretary Jennifer Granholm, the companies suggest the use of investments from the Inflation Reduction Act (IRA) to secure an affordable supply of clean energy.

    "Spiking electricity prices, lack of access to low-cost renewable energy, and insufficient federal investment have pushed the remaining six primary smelters to the brink. The IRA is poised to make the largest-ever investment in US manufacturing, supercharging aluminum-dependent clean energy technologies. In order to meet increased aluminum demand that will affect all our industries, the US must invest heavily in supply," the letter states.

    The companies warned that the American primary aluminum industry could disappear as the demand is expected to rise.

    Aluminum is a vital component in developing electric vehicles and other clean energy economy products that are anticipated to be widely used in the US in the coming years.

    Ford electric vehicles

    Global demand for aluminum is expected to rise by 40 percent by 2030 and 80 percent by 2050. However, the U.S. primary aluminum industry has been pestered by reduced production, layoffs, and closures partly because of the unstable price of fossil fuels.

    "Ford is committed to achieving carbon neutrality across our vehicles, operations and supply chain no later than 2050, and sourcing domestically produced, lower-carbon primary aluminum is part of a host of actions we are taking that will help us meet our ambitious sustainability goals," Ford Motor Company Sustainability, Homologation, and Compliance Global Director Cynthia Williams said.

    "The IRA presents a powerful opportunity for the DOE to prioritize American-made, clean sources of aluminum, which will in turn make more sustainable options available to companies like Ford. It’s going to take all of us – manufacturers, suppliers, energy providers and government – working together to build a better future that’s not just good for business, but also for people and the planet," she added.

    Photos from Ford Motor Company and General Motors

    Also read:

    Ford breaks ground on new EV battery plant in Kentucky, USA

    Ford opens new solar power plant in Spain

    GM partners with LG Chem for supply of cathode active material for EVs

    Hazel Nicole Carreon

    Hazel Nicole Carreon

    Hazel is a news and feature writer for ZigWheels Philippines. She studied communication at De La Salle Lipa, where she was exposed to writing about various topics, which later has become her passion and now her career.

    Read Full Bio

    Sell your car at the best price

    Verified and genuine buyers Verified and genuine buyers
    Free listing Free listing
    List your car

    Ford Car Models

    • Ford Ranger
      Ford Ranger
    • Ford Everest
      Ford Everest
    • Ford Ranger Raptor
      Ford Ranger Raptor
    • Ford Territory
      Ford Territory
    • Ford Mustang
      Ford Mustang
    • Ford Explorer
      Ford Explorer
    • Ford Bronco
      Ford Bronco
    Ford Cars Price

    PIMS 2024

    You might also be interested in

    • News
    • Featured Stories
    • Upcoming
    • Ford F-150 2024
      Ford F-150 2024
      Price coming soon
      Expected Launch TBA Alert Me When Launched
    • Ford Everest
      Ford Everest
      ₱1.829 - 2.555 Million SRP Price Manila
      Expected Launch Feb, 2025 Alert Me When Launched

    Latest Ford Car Videos on Zigwheels

    Zigwheels
    • 2024 Ford Territory Sport Review | Zigwheels.Ph
      2024 Ford Territory Sport Review | Zigwheels.Ph
      04 Oct, 2024 .
    • 2024 Ford Territory Sport Spec Guide | Zigwheels.Ph
      2024 Ford Territory Sport Spec Guide | Zigwheels.Ph
      19 Sep, 2024 .
    • Why the Ford Ranger is a Real Tough Truck | Ford Truck Month | Zigwheels.Ph
      Why the Ford Ranger is a Real Tough Truck | Ford Truck Month | Zigwheels.Ph
      04 Sep, 2024 .
    • Ford PH Managing Director Mike Breen Talks Shop With Zigwheels PH Roy Robles
      Ford PH Managing Director Mike Breen Talks Shop With Zigwheels PH Roy Robles
      30 Jul, 2024 .
    • 2024 Ford Territory Titanium X Review | Zigwheels.Ph
      2024 Ford Territory Titanium X Review | Zigwheels.Ph
      24 May, 2024 .
    • 2024 Ford Everest Sport Spec Guide | Zigwheels.Ph
      2024 Ford Everest Sport Spec Guide | Zigwheels.Ph
      06 May, 2024 .
    • 2024 Ford Everest Sport Review | Zigwheels.Ph
      2024 Ford Everest Sport Review | Zigwheels.Ph
      06 May, 2024 .
    • 2024 Ford Everest Titanium 4x4 Review | Zigwheels.Ph
      2024 Ford Everest Titanium 4x4 Review | Zigwheels.Ph
      27 Feb, 2024 .
    • 2024 Ford Everest Titanium 4x4 Spec Guide | Zigwheels.Ph
      2024 Ford Everest Titanium 4x4 Spec Guide | Zigwheels.Ph
      21 Feb, 2024 .
    • Why is the Ford Ranger so hard to beat? | The Ford Year-End Sale
      Why is the Ford Ranger so hard to beat? | The Ford Year-End Sale
      08 Jan, 2024 .
    Latest Ford Car Videos

    Ford Car Articles From Carmudi

    • journal
    • insurance
    • Ford Pro rolls out E-Switch Assist
      Ford Pro rolls out E-Switch Assist
      Paulo Papa, Oct 28, 2024
    • Ford presents 2025 Expedition, adds new Tremor variant
      Ford presents 2025 Expedition, adds new Tremor variant
      Paulo Papa, Oct 08, 2024
    • Simoes to helm Ford PH
      Simoes to helm Ford PH
      Ruben Manahan IV, Sep 06, 2024
    • Ford brings back 'Truck Month'
      Ford brings back 'Truck Month'
      Ruben Manahan IV, Sep 04, 2024
    • Ford Ranger Raptor, Bronco Raptor gets performance boost in US
      Ford Ranger Raptor, Bronco Raptor gets performance boost in US
      Paulo Papa, Sep 02, 2024
    • Are Ford cars expensive to insure in the Philippines? Let us find out
      Are Ford cars expensive to insure in the Philippines? Let us find out
      Carmudi PH, Sep 02, 2024

    Compare

    You can add 3 variants maximum*