22 AUGUST 2011steelguru
Aluminum demand in China set to double over decade - XinRen
Edited by : AL CIRCLE
1 min read
According to XinRen Aluminum Holdings Limited, aluminum demand in China, the world’s largest consumer and producer will more than double over the next decade, eliminating a local surplus and boosting prices.
Mr Liang Hongbo ED of XinRen Aluminum said that consumption may gain 15% per year over the next 10 years down from 17% to 20% per year over the previous 10. Coupled with slowing supply growth, this should bring the Chinese market close to balance. XinRen makes 275,000 tonnes of ingots and 50,000 tonnes of plates a year.
Mr Liang Hongbo ED of XinRen Aluminum said that consumption may gain 15% per year over the next 10 years down from 17% to 20% per year over the previous 10. Coupled with slowing supply growth, this should bring the Chinese market close to balance. XinRen makes 275,000 tonnes of ingots and 50,000 tonnes of plates a year.
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