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China's 2009 aluminum consumption may rise 12%: Minmetals

(Agencies)
Updated: 2009-11-28 15:47

China's aluminum consumption may rise 12 percent this year, as the booming real estate industry, power network construction and car sales boost demand for the metal, said Wang Feihong, analyst at a unit of China Minmetals Corp.

Related readings:  Rising inputs to prop aluminum  Aluminum scales new peak  China regrets EU investigation?on Chinese aluminum alloy hub  Rio to sell aluminum JV?stake to Zhongjin

Aluminum inventory in China may gain by 1.2 million tons by year-end because supply is likely to exceed demand, Wang said today in Kunming, the capital of Yunnan province. The country's so-called apparent demand may reach 17.43 million tons this year while actual demand may reach 16.23 million tons, he said.

China Minmetals Corp is the country's largest metals trader.

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