Aluminium producer Alcoa now expects global aluminium demand to increase by 5pc in 2016, lower than the 6pc growth it had projected in the previous quarter. Global demand will rise to 59.7mn t/yr by year’s end, a revision down from the 60.5mn t/yr it originally predicted, the company said. This includes a 1.5pc decrease in Chinese aluminium demand growth to 6.5pc, 1pc reduction in North American demand to 4pc, and half a percent less European demand.
展开▼
