The global aluminium strategic planning outlook provides a detailed forecast of aluminium supply and demand fundamentals out to 2050. The medium-term outlook will be dominated by the steps taken by the aluminium industry to decarbonise and the energy transition. While existing smelters are busy trying to replace fossil fuels with renewables, new projects are still largely committed to high carbon power. There are plenty of projects in the pipeline but these may not be needed if the industry makes significant inroads into utilising scrap over the next 10 years. The bad news for demand is that we expect a nearby period of slow growth on the back of a deceleration in global economic activity. The good news is that the current energy crisis will likely lead to an acceleration in renewables investment, which will support aluminium offtake over the medium-term. Much of the incremental growth in demand will come from secondary aluminium.