RUSAL sees global Aluminum demand to grow by 6% y/y in 2014

Russian giant Rusal sees global aluminum demand to grow by 6% this year over 2013.

According to RUSAL, China and other Asian economies are expected to grow strongly and the developed markets including the US and Europe should continue to show a healthy growth.

Aided by strong growth within Asia, the US and by a continued market rebound in Europe, global aluminium consumption rose by 6% in 2013 to 51.7 million tonnes, with ex-China consumption rising by 4% year-on- year to 26.23 million tonnes.

Consumption in China, the largest growing market, grew by 13% year-on-year to 25.5 million tonnes, followed by India (6% growth), ex-China Asia (6% growth) and North America (4% growth). Consumption growth in Europe continued, with a strong rebound seen in H2 2013 and total 2013 growth reaching 2%, compared to 2012 levels.

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