China has the potential to make or break the world aluminum market

China has the potential to achieve or undermine the potential of the world aluminum market Durban News: Australia's Macquarie Bank metal analyst Adam Rowley said at the 18th World Aluminum Congress held here that China has achievements or Destroy the huge potential of the world aluminum market. He believes that the improvement of the world economic situation has driven the growth of market demand. In 2004, the demand of the aluminum market in the western world will increase by 4%, while the Chinese market may increase by 19%. China’s aluminum output has grown too much and too fast, and the dangers have also existed. Once domestic demand slows, a large amount of aluminum will find its way into the international market, which will damage the normal market order. From January to August this year, China's aluminum production rose by 28% or 773,000 tons to 3.51 million tons, and it is expected to reach 5.1 million tons throughout the year. In 2007, China could produce 11 million tons of aluminum annually. Raleigh predicts that in 2004 the world aluminum market will have a gap of about 100,000 tons. The average price of LME three-month aluminum will be $1,460/ton. Source: Chinalco Information Network