China’s Aluminum Import Demand to Surge, Harbor Says

Aluminum imports by China, the world’s largest producer, may increase more than 25 times by 2015 as surging local demand outpaces growth in output, according to research group Harbor Intelligence.

Increased purchases by the world’s largest metals user may support an advance in global prices, benefiting companies such as Alcoa Inc. (NYSE:AA), the biggest U.S. producer. China’s aluminum prices may gain more than 10 percent next year as an energy- saving drive forces output cuts, Harbor’s report also said.

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