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aluminum investing

Aluminum Output in China May Grow 23 Percent This Year

Investing News Network
Oct. 26, 2010 08:53AM PST
Market News

Bloomberg.com reports that growth in Aluminum output from China is expected to grow to 16 million tonnes this year, despite smelter closures.

Bloomberg.com reports that growth in Aluminum output from China is expected to grow to 16 million tonnes this year, despite smelter closures.

The story is quoted as saying:

The forecast has taken the output cuts into consideration,” Zhang Fengkui, head of the nonferrous metals office at the ministry’s raw materials department, said at a conference in Zhengzhou today. That’s an increase of 23 percent from 13 million tons last year, according to Bloomberg News calculations. Aluminum is used in production of cars and cans.

To access the whole story, click here.

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