Aluminium market faced a 1.57 mln t deficit in Jan-Nov 2017 - WBMS

The primary aluminium market was in a deficit of 1.57 million tonnes for the first 11 months of last year, driven mainly by soaring demand, the World Bureau of Metal Statistics said on Wednesday January 17.

This represents a substantial increase from the 770,000 tonne deficit recorded for the whole of 2016, according to the release. Global demand growth, at 2.6%, in January-November 2017 outpaced that of production, which only rose by 1% year on year. Demand for the metal rose by 1.4 million tonnes...

Published

Julian Luk

January 17, 2018

16:49 GMT

London