Global Aluminum Market in 150,000-Ton Surplus Jan-Aug

Oct 17, 2012 (Dow Jones Commodities News via Comtex) - The global aluminum market was in surplus by 150,000 metric tons in the first eight months of the year, the World Bureau of Metal Statistics said Wednesday.

This compares with a surplus of 1.875 million tons in the whole of 2011.

Demand for primary aluminum in the first eight months of 2012 rose 4.8% compared with the year-earlier period, the WBMS said, without citing a specific figure. Production, meanwhile rose 846,000 tons, it said.

Global demand in August was 4.005 million tons, while primary aluminum production was 3.953 million tons.