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Aluminum demand 'Stunningly positive' so far in 2011
Edited by : AL CIRCLE
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Aluminum demand data so far in 2011 has nudged the global market into deficit and is offering the basis for a “steady grind higher” in prices over the coming months, say analysts with Barclays Capital.
Global production has hit record highs, Barclays says. However, the bank also cites “stunningly positive” aluminum demand, with global consumption growing 9% for the year to date, enough to leave the market balance in a mild deficit of 419,000 metric tons in the first half.
Global production has hit record highs, Barclays says. However, the bank also cites “stunningly positive” aluminum demand, with global consumption growing 9% for the year to date, enough to leave the market balance in a mild deficit of 419,000 metric tons in the first half.
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