Canada indicated on Wednesday that it will exclude imported steel and aluminum from its newest import tariffs and quotas.

Demand for automotive aluminum is expected to more than double by 2025, driven by surging growth in Asia, according to an industry insider.

Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co (F.N) about $1 billion in profits.

Jaguar Land Rover will reportedly launch redesigned versions of its entire lineup by 2024, and that all future models will eventually be underpinned by a new aluminum platform called the Modular Longitudinal Architecture.

Carbon fiber that is lighter yet stronger than aluminum still needs improvements in mechanical property and scalability before becoming a replacement metal to aluminum.