The UK aluminium sector is of profound national significance, generating £10 billion annually and employing more than 20,000 people.
As a result, the Government must take essential steps to help the sector recover from the impact of coronavirus. The UK manufacturing PMI fell to 32.6 in May, down a dramatic 19.1 points from February. ALFED members have reported order book reductions at levels not even seen during the 2008 financial crisis – some as high as 80%. And since 23rd March 2020, 14% of ALFED members have been forced to close temporarily.
The Government must continue supporting aluminium companies in the short term – and throughout the forthcoming economic recovery. Here we outline 3 pillars for our recommended recovery measures, which will help the aluminium industry drive UK growth in the short and medium term.