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Alcoa Market Update

Metal News - Published on Thu, 18 Oct 2018

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The Company continues to project a full-year 2018 global deficit for both aluminum and alumina and a surplus for bauxite. In aluminum, the Company expects a global deficit ranging between 1.0 million and 1.4 million metric tons, down from last quarter’s estimate of between 1.1 million and 1.5 million metric tons. Global aluminum demand growth is projected to be between 3.75 and 4.75 percent in 2018, down from the second quarter estimate of between 4.25 and 5.25 percent, driven by China.

In alumina, Alcoa is projecting a higher global deficit of between 400 thousand and 1.2 million metric tons, compared to last quarter’s deficit expectation of between 200 thousand and 1.0 million metric tons.

The global market for bauxite is expected to be in a surplus for full year 2018 with increased stockpile growth despite higher demand from China.

Source :

Posted By : Rabi Wangkhem on Thu, 18 Oct 2018
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