The world aluminum prices will rise

Aluminum prices on the world market in 2011 will increase to $ 2500 per ton. This opinion was expressed by market analysts, reported Yieh.Corp. According to them, the winged metal will rise in price by a decline in aluminum production in China. Earlier it was reported that stocks of primary aluminum in the world in November 2010 compared to November 2009 rose by 189 thousand tons and reached 2.373 million tons. Compared to the previous month, world reserves of aluminum fell by 79 thousand tons. It is estimated reserves of winged metal in North America totaled 544 thousand tons in Latin America - 182 thousand tons in Asia - 372 thousand tons, while in Europe - 1.05 million tons. Above Analysts Japan Aluminium Association expressed the view that demand for aluminum in the next decade will be doubled. This will lead to a shortage of metal in the $ 8 million tons. According to them, by 2020, consumption of aluminum in the world will grow from 38 million tonnes to 74 million tons. In turn, the power of the world's manufacturers of metal production will rise by 47% and amount to 66 million tons. Ministry of Industry