DJ Aluminum Demand Seen Growing 6% To 2020 -Alcoa

Tuesday, Sep 21, 2010
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Sep 21, 2010 (Dow Jones Commodities News Select via Comtex) -- Manama, BAHRAIN--Aluminum demand will grow 6% from now to 2020 and this will require more capacity, a senior executive of U.S. aluminum producer Alcoa Inc ( AA | PowerRating) said Tuesday.


"Someone has to supply this demand," John Thuestad, group president of Alcoa Global Primary Products, said.


According to Thuestad, carbon capture is an opportunity for the aluminum sector.


Europe's policy makers need to "get their act together" to develop policies for carbon capture that will give the aluminum industry the chance to survive.


"I'm optimistic on aluminum demand growth," he added.


Thuestad was speaking at the Metal Bulletin aluminum conference in Bahrain.

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