Alcoa expects global aluminum demand to remain strong
- Categories:Industry News
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- Time of issue:2010-12-08
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(Summary description)Travis Engen, president and CEO of Alcan, the world's second largest aluminum producer, said that although aluminum prices have recently fallen by 14%, demand remains strong and continues to exceed supply. Jin said: ``Despite changes in aluminum prices, real demand has not changed.'' Aluminum prices have fallen by about 14% from US$2,016 per ton on March 11, and closed at US$1,723 on March 16. However, Alcoa The industry forecasts that global aluminum demand will grow by 4.3% in 2005. Alcoa predicts that the aluminum market supply gap in 2005 was 200,000 tons, compared with a gap of 685,000 tons last year. Alcoa mines bauxite and produces alumina. Aluminum production accounts for about 11% of the world's total.
Alcoa expects global aluminum demand to remain strong
(Summary description)Travis Engen, president and CEO of Alcan, the world's second largest aluminum producer, said that although aluminum prices have recently fallen by 14%, demand remains strong and continues to exceed supply. Jin said: ``Despite changes in aluminum prices, real demand has not changed.'' Aluminum prices have fallen by about 14% from US$2,016 per ton on March 11, and closed at US$1,723 on March 16. However, Alcoa The industry forecasts that global aluminum demand will grow by 4.3% in 2005. Alcoa predicts that the aluminum market supply gap in 2005 was 200,000 tons, compared with a gap of 685,000 tons last year. Alcoa mines bauxite and produces alumina. Aluminum production accounts for about 11% of the world's total.
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2010-12-08
- Views:0
Travis Engen, president and CEO of Alcan, the world's second largest aluminum producer, said that although aluminum prices have recently fallen by 14%, demand remains strong and continues to exceed supply. Jin said: ``Despite changes in aluminum prices, real demand has not changed.'' Aluminum prices have fallen by about 14% from US$2,016 per ton on March 11, and closed at US$1,723 on March 16. However, Alcoa The industry forecasts that global aluminum demand will grow by 4.3% in 2005. Alcoa predicts that the aluminum market supply gap in 2005 was 200,000 tons, compared with a gap of 685,000 tons last year. Alcoa mines bauxite and produces alumina. Aluminum production accounts for about 11% of the world's total.
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