Bloomberg.com reports that aluminum supply is expected to far exceed demand this year.
The story is quoted as saying:
The surplus may be 2.4 million metric tons, up from 2.3 million tons predicted in July, Motoi Kamitani, manager of light metal trading at Tokyo-based Sumitomo Corp., which has stakes in smelters in Australia, Brazil, Malaysia and Indonesia, said in an interview Jan. 28. The surplus was 1.3 million tons in 2010.
