Aluminium surplus heading toward 7-year high

Rampant aluminium production in Asia could yield the biggest global surplus since 2009, outweighing rising demand in North America, an analyst at Harbor Aluminum Intelligence Unit LLC said.

Jesus Villegas, vp of aluminium analysis at Austin, Texas-based Harbor Aluminum, expects a 2.1-million-tonne global surplus in 2016, with Chinese production accounting for 1.8 million tonnes. “It’s about a widening...

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This article was first published by AMM

July 15, 2015

02:10 GMT