Alcoa predicts 33.6% rise in China’s demand for aluminium
by Gill Montia

Alcoa Inc, the world’s largest aluminium producer, has reported that it expects demand for aluminium from China to increase 33.6% during 2007, to 11.7 million metric tons. This compares with the 23.1% increase forecast in April of this year.
Alcoa also expects demand for aluminium to increase in Latin America and the former Soviet Union countries and has therefore upgraded its predictions for annual growth in world demand for the lightweight metal from 7.7%, to 10%.
However demand in North American, which had been expected to remain flat, is now likely to show a decrease of around 2.5% during the year.
The variations mean that Alcoa is still predicting a small surplus in aluminium for 2007 and 2008.
Add to Bookmarks:
Related posts to: Alcoa predicts 33.6% rise in China’s demand for aluminium
IMF report predicts lower copper, aluminium prices by decade’s end ...
Alcoa’s Brazilian project secures financing ...
Gold Book predicts volatile year ahead ...
Jewellery sector cuts back on gold ...
China’s aluminum smelters cut production ...
Latest Metals News:
Copper losses pull other metals prices lower
Xstrata increases stake in Indophil
BHP fatality closes Australian iron ore mines
Palladium gains as other precious metals see declines
EU halts investigations into BHP’s bid for Rio
Aluminium falls amid gains for other base metals
Lomin rejects Xstrata bid but leaves door ajar
Metals drop with crude oil prices
Antofagasta forges ahead despite rising costs
Copper prices lower on jump in inventoriesPrevious: « Gold gains $7.70 per troy ounce
Next: Copper drops on China imports data »
Visited 2666 times, 3 so far today