Aluminum demand to improve - Merrill Lynch

It is reported that Bank of America Merrill Lynch said that the aluminum market is likely to pick up and demand will improve in this current year.

It is expected that global aluminum market will see a supply deficit of 586,000 tons (excluding China) this year. Aluminum market was in a surplus of over 1 million tonnes in 2013.

The Bank noted that increasing car sales and more stringent emission standards for aluminum demand is particularly positive.

The bank added that increasing demand for aluminum in the automotive industry will make global aluminum consumption to increase by about 2.5 million tonnes in the next 2.5 years.

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