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Antaike sees China aluminium demand up 3 pct in 09
- China Aluminium Network
- Post Time: 2008/12/3
- Click Amount: 512
Consumption of primary aluminium by China, the world's top consumer, may rise 8.5 percent this year and just 3 percent next year due to the global financial crisis, a senior analyst at Antaike, a state-owned research group, said.
Antaike expects China's primary aluminium production to rise by 10.6 percent this year versus a third last year, to 13.9 million tonnes, although capacity is still likely to rise nearly 20 percent to 18.2 million tonnes.
Production of alumina, the main input for aluminium production, is expected to rise 21 percent on the year to 24.6 million tonnes this year, and inching up just 1.8 percent to 25 million tonnes next year. Output surged by a half in 2007.
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