WBMS: Global Aluminum Mkt In 1.361 Mln-Ton Surplus Jan-Aug

LONDON, Oct. 22 -- The global aluminum market was in surplus by 1.361 million metric tons between January and August, the World Bureau of Metal Statistics said Wednesday.

    That compares to a surplus of 733,000 tons in the same eight months of 2008.

    Demand for aluminum fell by 3.079 million tons to 22.6 million tons during the 2009 period and production fell by 2.451 million tons to 23.99 million tons.

    Total reported stocks of the metal at the end of August stood at just over 6.3 million tons, equivalent to about 62 days' worth of demand, WBMS said.

    (Source: Dow Jones)