Aluminum Surplus Likely

By Staff -- Purchasing, 5/3/2007

Alcoa has revised its aluminum supply/demand outlook and now expects a global aluminum supply surplus of 300,000 metric tons in 2007. Alcoa previously expected a balanced market. The aluminum market had a price-inflating deficit of 200,000 metric tons in 2006. Alcoa CEO Alain Belda says demand will grow 7.7% this year, but production will outpace purchasing.