Biz China's 2009 aluminum consumption may rise 12%: Minmetals 2009-Nov-28 15:47:16
China's aluminum consumption may rise 12 percent this year, as the booming real estate industry, power network construction and car sales boost demand for the metal, said Wang Feihong, analyst at a unit of China Minmetals Corp.
Aluminum inventory in China may gain by 1.2 million tons by year-end because supply is likely to exceed demand, Wang said today in Kunming, the capital of Yunnan province. The country's so-called apparent demand may reach 17.43 million tons this year while actual demand may reach 16.23 million tons, he said.
China Minmetals Corp is the country's largest metals trader.