World Al may face supply deficit in 2013: Rio

摘要

Global aluminum market will be more balanced this year and could shift into a supply deficit by 2013 as new projects fail to keep the pace with high-cost capacity cuts this year, Rio Tinto Alcan's Chief Executive said."Supply will become more challenging, the market will be near a balance this year," Jacynthe Cote said at American Metal Market's Aluminum Summit. Many higher-cost smelters in the 40-million-tonne-per-year market have struggled to remain profitable after prices plunged almost a third in the past 12 months, to below $2,000 per tonne.