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Statistics

China's 2009 aluminum consumption may rise 12%: Minmetals

(Agencies)
Updated: 2009-11-28 15:47

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.

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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.

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