According to research group Harbor Intelligence, the import demand for aluminum in China might increase 25 times to 5 million tonnes in 2015 due to the strong local demand.
Also, China’s demand for aluminum may increase by 12.9% annually from 2011 to 2015. The production growth will increase by 9.8% per year. Meanwhile, the increasing demand and shortage of supply may drive up the price of the metal and benefit major producers such as Alcoa.
The price of aluminum has gain 23% to USD 2, 390 per tonne since the beginning of the year. Accordingly, it boosts the global usage of metal by 13%. However, China’s government still shut down smelters with inefficient energy consumption despite of the increasing demand.
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