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Global aluminium market 'almost balanced' in 2012: Rusal
Edited by : AL CIRCLE
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A combination of output cuts covering around 8% of global supply and an upturn in demand should leave the global aluminium market "almost balanced" in 2012, Russian aluminium producer Rusal said Monday.
Global primary aluminium consumption is set to grow 7% in 2012 to 48.2 million mt, while total lost aluminium production from output cuts is set to be around 3.9 million mt, or about 8% of global production, the company said.
China is expected to be the fastest-growing market, with 11% growth, followed by India (10% growth), Japan (5%), North America (5%) and Latin America (5%).
Consumption growth in Europe in 2012 is expected to be be flat to 2011 levels, the company said.
Global primary aluminium consumption is set to grow 7% in 2012 to 48.2 million mt, while total lost aluminium production from output cuts is set to be around 3.9 million mt, or about 8% of global production, the company said.
China is expected to be the fastest-growing market, with 11% growth, followed by India (10% growth), Japan (5%), North America (5%) and Latin America (5%).
Consumption growth in Europe in 2012 is expected to be be flat to 2011 levels, the company said.
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