Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Purchasing
RSS
Reprints/License
Print
Email
Average Rating:
  • (0)
    Rate this:
  • Aluminum: Even with reduced production, surplus will be large this year

    Aluminum supply may exceed demand by a million metric tons this year, down from a previous forecast of 1.4 million tons as power shortages reduce global output.

    By Tom Stundza -- Purchasing, 4/10/2008 2:00:00 AM

    Aluminum supply may exceed demand by a million metric tons this year, down from a previous forecast of 1.4 million tons as power shortages reduce global output, but still large enough to reduce world prices slightly for ingot. The consensus forecast for aluminum is $1.19/lb this year, down from $1.21 in 2007.

    Bloomberg reports that blackouts probably will cut production in China, Tajikistan, South Africa and Mozambique by 650,000 tons this year, forecasts Paul Robinson, manager of aluminum research at London-based CRU Group. Production in South Africa and Mozambique alone will probably be reduced by 50,000 tons in the first six months of this year because of an inability of power companies to supply sufficient electricity, Robinson says.

    Average Rating:
  • (0)
    Rate this:
  • RSS
    Reprints/License
    Print
    Email
    Talkback
    Reed Business Information Resource Center

    Featured Company


    Related Resources

    Advertisement
    Sponsored Links
    More Content
    • Blogs
    • Featured Video

    Sorry, no blogs are active for this topic.

    VIEW ALL BLOGS RSS

    Advertisement
    BizConnect160x160
    BizConnect160x160
    NEWSLETTERS
    Price & Supply Alert
    The Midday Business Report
    Electronics Distribution & Global Sourcing
    IdeaFile
    Supplier Web Locator



    Please read our Privacy Policy

    About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   FREE Subscription   |   Affiliate Links   |   RSS
    © 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
    Use of this Web site is subject to its Terms of Use | Privacy Policy
    Please visit these other Reed Business sites