18 AUGUST 2011alu
Analytical Reports on Alcoa Inc. and Century Aluminum Co. - Aluminum Demand Strong in 2011
Edited by : AL CIRCLE
1 min read
Global demand for aluminum could climb 12% this year due largely to Chinese industrialization. Growing demand has also led to a 10% uptick in aluminum prices to the benefit of the industry.
Aluminum demand also has been strengthened by high copper prices and cost-conscious companies. Aluminum shares some of copper's conductivity and malleability properties and many manufacturers are opting to use aluminum when possible to cut costs. Better demand helped companies like Century Aluminum increase second quarter shipments. Century shipped roughly 334 million pounds in the quarter compared to 319 million pounds in the prior year period.
If aluminum demand continues to grow at its current rate, companies like Alcoa Inc. could be long-term beneficiaries of the trend.
Aluminum demand also has been strengthened by high copper prices and cost-conscious companies. Aluminum shares some of copper's conductivity and malleability properties and many manufacturers are opting to use aluminum when possible to cut costs. Better demand helped companies like Century Aluminum increase second quarter shipments. Century shipped roughly 334 million pounds in the quarter compared to 319 million pounds in the prior year period.
If aluminum demand continues to grow at its current rate, companies like Alcoa Inc. could be long-term beneficiaries of the trend.
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