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World Aluminium Demand to Fall Further 7% -Alumina
SYDNEY, May 7 -- Australia's Alumina Ltd (AWC.AX), a joint venture partner with Alcoa Inc (AA.N), on Thursday forecast a further 7 percent contraction in world aluminium demand this year.
Most of the declines will occur in western countries, Alumina Chief Executive John Bevan told the company's annual shareholders meeting.
Alumina is a 40 percent partner in the Alcoa World Alumina and Chemicals joint venture. Alcoa holds 60 percent.
(Source: Reuters)
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