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GRAPHIC-New capacity, restarts to plug aluminium supply gap [Reuters]

ALCOA (AA)  More Company Research Source: Reuters
Last alcoa earnings: 4/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF GRAPHIC-New capacity, restarts to plug aluminium supply gap | Reuters Reuters Staff 4 Min Read * Aluminium stocks in China at record highs * China to add 4.4 million tonnes of capacity this year * Signs of China ramping up already coming through By Pratima Desai LONDON, Jan 25 (Reuters) - Shortages of aluminium created by cutbacks in China are expected to be filled by new Chinese capacity and restarts in the United States, which means prices are likely to have peaked for now. Benchmark aluminium on the London Metal Exchange hit $2,290.50 a tonne in December, its highest since March 2012. Attempts to go higher have failed mainly due to stock data suggesting oversupply in China. Inventories of aluminium in warehouses monitored by the Shanghai Futures Exchange stand at record highs of 783,759 tonnes compared with around 100,000 tonnes a year ago. AL-STX-SGH “Last year China saw a surplus of one million tonnes and the world ex-China a 1.6 million tonne deficit, so the global market was in [Read more]

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