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Alcoa Corporation sees global aluminum deficit of 1.5-1.9 million tonnes in 2019

Metal News - Published on Mon, 22 Apr 2019

Image Source: Alcoa
Alcoa Corporation said for 2019, Alcoa projects a global aluminum deficit ranging between 1.5 million and 1.9 million tonnes, down from last quarter’s full-year estimate of between 1.7 million and 2.1 million tonnes. Global aluminum demand growth for 2019 is estimated to range between 2 to 3%, down from 3 to 4% in the previous quarter, predominantly due to lower demand growth in China, especially in the transportation and electrical sectors. Alcoa continues to project a balanced market in China and maintains a deficit estimate for the rest of the world between 1.7 million to 1.9 million tonnes, as lower demand growth is offset by lower production expectations in Europe and South America.

In the alumina market, Alcoa maintains its projection for a 2019 surplus in the range of 200 thousand metric tons to 1 million metric tons. The estimate assumes ongoing, third-party supply disruptions in the Atlantic region and a Chinese alumina surplus that the Company estimates to be around 1 million metric tons.
The bauxite market is expected to have a slightly larger surplus in 2019 versus Alcoa’s prior estimate, with stockpile growth ranging between 8 million and 12 million metric tons, as higher production expectations in Australia, Guinea, and Southeast Asia are only partially offset by higher demand in China.

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Posted By : Rabi Wangkhem on Mon, 22 Apr 2019
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