Shanghai Metals Market
Aluminum Market In 1.205M-ton Surplus In 2011: WBMS
Edited by : AL CIRCLE
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The global aluminum market was in surplus by 1.205 million metric tons in 2011, the World Bureau of Metal Statistics said Wednesday.
The gap between supply and demand was greater than in 2010, when the market had recorded a surplus of 1.05 million tons, the WBMS added.
Demand for primary aluminum in 2011 totaled 42.45 million tons, up 2.389 million tons on 2010 levels.
However, production during the year rose by 2.54 million tons, it added, lower than the 3.91 million-ton increase in 2010.
The WBMS didn't provide a total number for production.
The gap between supply and demand was greater than in 2010, when the market had recorded a surplus of 1.05 million tons, the WBMS added.
Demand for primary aluminum in 2011 totaled 42.45 million tons, up 2.389 million tons on 2010 levels.
However, production during the year rose by 2.54 million tons, it added, lower than the 3.91 million-ton increase in 2010.
The WBMS didn't provide a total number for production.
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