Alcoa Inc.: China 2011 aluminum demand growth to slow down

BEIJING, Jan. 13, 2011 （Xinhua News Agency） -- Growth in China's demand for aluminum is likely to slow down as government measures to cool down inflation hold back housing and automobile sales, said Alcoa Inc. （NYSE:AA） （AMEX:AA.PR） , the world's top producer of the metal, in a Bloomberg report.

Aluminum consumption by China, the world's largest market for the metal, may expand 15 percent in 2011 compared with 21 percent a year earlier, predicted Alcoa Inc. in its fourth-quarter earnings report.

Aluminum used by Chinese auto makers is expected to go up 3 percent, while the figure in 2010 was as much as 60 percent, Klaus Kleinfeld, Chief Executive Officer of Alcoa Inc, said on a conference call. （Edited by Wang Li, wangle1@xinhua.org）