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Expected: the next decade of global aluminum demand to double
Optimistic because aluminum prices, Alcoa CEO is expected over the next decade global aluminum demand will double by 2016 and expects China's demand for aluminum will increase by 15%. CEO Alcoa (Alcoa) KlausKleinfeld Monday said aluminum prices expected to continue to rise over the next decade the demand for aluminum is likely to double. And Alcoa will increase the production of aluminum manufacturing in China and other cooperative projects, expected in 2016 China's aluminum demand will increase by 15%.
The largest US aluminum producer's CEO also said that despite the tight aluminum market, because demand exceeds supply, but still intends to quickly restart Alcoa additional US smelters. He said the overall price trend is clearly up, for the simple reason, demand is increasing.
Last week, Russia's UC Rusal (UCRUSAL) - the world's largest aluminum producer - said it expects metal prices to rebound since the recent decline, due to the strong demand from China.

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