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Aluminum demand to grow at double-digit rates in 2011 - Brazil
Edited by : AL CIRCLE
1 min read
Consumption of copper and aluminum in Brazil is expected to continue growing at double-digit rates in 2011, according to estimates from UK-based investment bank Barclays Capital.
"Adding to the recent strength in metal demand is, in our view, the initial stage of a strong infrastructure investment cycle, a dynamic set to become increasingly supportive for metal demand throughout the decade," analysts Costanza Jacazio and Roxana Mohammadian Molina said in the bank's most recent commodity flash report.
"Given recent trends and prospects for the copper and aluminum sectors to expand hand-in-hand with infrastructure growth, we project domestic demand for the two metals to increase 92% and 53%, respectively, over the next 10 years," they added.
Copper and aluminum consumption rose by 38% and 29%, respectively, in 2010 compared with the previous year. While amplified by the low activity level of 2009, the surge in demand has pushed metal consumption significantly above pre-crisis levels and signals the presence of strong underlying growth, according to the analysts.
"Adding to the recent strength in metal demand is, in our view, the initial stage of a strong infrastructure investment cycle, a dynamic set to become increasingly supportive for metal demand throughout the decade," analysts Costanza Jacazio and Roxana Mohammadian Molina said in the bank's most recent commodity flash report.
"Given recent trends and prospects for the copper and aluminum sectors to expand hand-in-hand with infrastructure growth, we project domestic demand for the two metals to increase 92% and 53%, respectively, over the next 10 years," they added.
Copper and aluminum consumption rose by 38% and 29%, respectively, in 2010 compared with the previous year. While amplified by the low activity level of 2009, the surge in demand has pushed metal consumption significantly above pre-crisis levels and signals the presence of strong underlying growth, according to the analysts.
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