The outlook for aluminum is more positive than the steep drip in price since April may suggest. The world’s largest producers of the metal are confident that 2012 will see robust demand growth, and some have even invested millions in upgrading production capacity. Automotive production will be the main catalyst for growth.
The end of the summer slowdown may be near. The price of aluminum has made some moderate gains since falling from the year high in early May. Forecasts for the growing demand for aluminum are strongest in the aerospace and transportation sectors. Furthermore, China may become a net importer of the metal in the coming years.
Bloomberg reported that analysts expect Alcoa (NYSE:AA) to report triple profits in first quarter 2011.
Business Insider analyzes Alcoa's (NYSE:AA) position in the aluminum industry.
Forbes reports that Alcoa (NYSE:AA) has a significant influence on the aluminum industry.
NASDAQ discusses the impact of the aluminum prices on Alcoa's (NYSE:AA) revenues.
Reuters.com reports that Alcoa (NYSE:AA) is going to purchase TransDigm's (NYSE:TDG) fastener unit.
Bloomberg.com reports that Alcoa (NYSE:AA) states that aluminum demand is rising due to Asian and Middle Eastern need.
Mining Weekly.com reports that Alcoa (NYSE:AA) expects aluminum demand to remain high through 2011.
Bloomberg.com reports that Alcoa (NYSE:AA) has entered into an agreement with China Investment Power Corp. work on $7.5 billion of clean-energy and smelting projects.
Wednesday, September 21, 2011