Alcoa sees aluminium demand growth; markets tightening

Alcoa, the largest US aluminium producer, still sees global demand for aluminium products growing 7 per cent this year, signalling a potential price rise for the metal as bulging Chinese aluminium inventories begin to dwindle.

The solid demand, driven by the aerospace and commercial transportation sectors, should combine with industry-wide production cuts already in place to reduce a supply glut that has driven down aluminium prices by 13 per cent this year.

via Business feed http://www.scmp.com/business/companies/article/1278644/alcoa-sees-aluminium-demand-growth-markets-tightening