China Likely To Be Top Global Scrap Aluminum Producer In 2010

China Likely To Be Top Global Scrap Aluminum Producer In 2010

BEIJING (Dow Jones)--China is likely to be the world's largest scrap aluminum producer in 2010 due to increasing demand and the government's supportive policies, the country's major scrap aluminum producer said Monday.

Demand from the automobile sector will be the main driver behind the scrap aluminum sector's development, said Xu Yiling at Shanghai Sigma Metals, a branch of Sigma Group, China's top scrap aluminum producer.

China will also become the world's third largest automobile maker in 2015, after the U.S. and Japan, she said.

China's scrap aluminum output totaled 2.75 million metric tons in 2007, the second-largest behind the U.S., which produced around 3 million tons, according to data from the China Nonferrous Metals Industry Association.

The consolidation of China's scrap aluminum sector will be almost complete by 2015, with the production capacities of many producers exceeding 100,000 tons a year, she said.

Last year, China issued norms for the scrap aluminum industry, requiring minimum production capacity of 50,000 tons a year for new units and 20,000 tons a year for existing units.

China now has five scrap aluminum producers with annual production capacities of more than 50,000 tons, compared with two in 2003, she added.

-Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com

(END) Dow Jones Newswires

April 21, 2008 00:14 ET (04:14 GMT)

Copyright 2008 China Likely To Be Top Global Scrap Aluminum Producer In 2010

BEIJING (Dow Jones)--China is likely to be the world's largest scrap aluminum producer in 2010 due to increasing demand and the government's supportive policies, the country's major scrap aluminum producer said Monday.

Demand from the automobile sector will be the main driver behind the scrap aluminum sector's development, said Xu Yiling at Shanghai Sigma Metals, a branch of Sigma Group, China's top scrap aluminum producer.

China will also become the world's third largest automobile maker in 2015, after the U.S. and Japan, she said.

China's scrap aluminum output totaled 2.75 million metric tons in 2007, the second-largest behind the U.S., which produced around 3 million tons, according to data from the China Nonferrous Metals Industry Association.

The consolidation of China's scrap aluminum sector will be almost complete by 2015, with the production capacities of many producers exceeding 100,000 tons a year, she said.

Last year, China issued norms for the scrap aluminum industry, requiring minimum production capacity of 50,000 tons a year for new units and 20,000 tons a year for existing units.

China now has five scrap aluminum producers with annual production capacities of more than 50,000 tons, compared with two in 2003, she added.

-Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com

(END) Dow Jones Newswires

April 21, 2008 00:14 ET (04:14 GMT)

Copyright 2008 Dow Jones & Company, Inc..

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