David D'Addario is a business leader and a resident of Fort Lauderdale, Florida, and has overseen industrial businesses for nearly four decades. He is a dedicated community leader and a member of various institutional and nonprofit boards. David D'Addario previously served as the chairman and CEO of Wise Metals Group LLC, a leading global producer of aluminum can stock for the beverage and food industries.
Industry trends disclosed a decline in the United States' primary aluminum production in 2021, owing to surging manufacturing costs. Conversely, the United States emerged as a leading manufacturer of secondary aluminum, which incurs relatively fewer energy and financial burdens. The demand for North American aluminum also remained consistent through the first three quarters of 2022. In February 2022, the White House released a statement affirming its commitment to promoting clean manufacturing comprising low-carbon aluminum manufacturing. The statement indicated the end goal of engendering stakeholders to invest in green steel and aluminum manufacturing, within and outside the country. Projections also point in the direction of the global aluminum industry achieving a valuation of $498 billion by 2030. This is premised on a compound annual growth rate of 5.8 percent starting from 2022, with the 2030 estimate representing more than twice the 2021 valuation.
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AuthorDavid D'Addario - Growth-Focused Metals Executive. Archives
October 2023
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