Aluminum Surplus to Widen as Idled Smelters Restart

Bloomberg.com reports that aluminum supply is expected to far exceed demand this year.

The story is quoted as saying:

The surplus may be 2.4 million metric tons, up from 2.3 million tons predicted in July, Motoi Kamitani, manager of light metal trading at Tokyo-based Sumitomo Corp., which has stakes in smelters in Australia, Brazil, Malaysia and Indonesia, said in an interview Jan. 28. The surplus was 1.3 million tons in 2010.

To access the full story, click here.