China will drive demand for cans, cars and building materials

America's largest aluminum producer, Alcoa, as the usual way fired the starting shot for the U.S. reporting period on Tuesday evening, predicts that the global demand for aluminum will increase by 7 percent in 2013. The forecast is based on an economic recovery in China will drive demand for cans, cars and office buildings.

Alcoa forecast that the demand from the aerospace industry will increase by up to 10 percent thanks to aircraft manufacturers' record order books.

The company also predicted that aluminum consumption could increase by 19 percent within the Chinese industry for heavy trucks and trailers. This while the construction of commercial buildings in the U.S. is increasing for the first time in four years.

"The fundamental basics looks pretty good. I firmly believe that we will see a recovery in the price of aluminum, "said Alcoa CEO, Klaus Kleinfeld, the company's report, presentation, writes Bloomberg.

Demand in China, the world's largest aluminum consumer, is expected to grow by 11 percent this year to 23 million tonnes as the effects of stimulus from the country's new leadership starting to emerge, said the CEO, who also predicted an increase in consumption in Brazil, India and Russia.

In 2012, the global demand for aluminum, with 6 percent of Aloca.

Aluminum for immediate delivery cost on average $ 2,021 per tonne on the London Metal Exchange in 2012. In 2013 expected the average price per ton being $ 2,125, according to Bloomberg analysts compilation.