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Aluminum Demand Will Only Return to Peak by 2012, Mitsui Says

[Cu] Summary - 2009/9/16 Spot Copper Market

ISTANBUL, Sept. 16 -- Aluminum demand will only return to 2007's peak level by 2012 at the earliest, said Mo Ahmadzadeh, an executive at Mitsui &amp; Co.'s industrial-metals trading arm.
&nbsp;&nbsp;&nbsp; Producers of the lightweight metal lack &quot;extreme confidence that things are getting dramatically better,&quot; Ahmadzadeh said today in an interview at a Metal Bulletin aluminum conference in Dusseldorf, Germany. &quot;People are relieved that things stopped getting worse.&quot;
&nbsp;&nbsp;&nbsp; Stronger demand from China fueled optimism about the aluminum industry's growth outlook by consuming most of the surplus in Western nations, according to Ahmadzadeh. &quot;But that is probably going to calm down now,&quot; he said.
&nbsp;&nbsp;&nbsp; Ahmadzadeh is president of metals trading at Mitsui Bussan Commodities Ltd. The Tokyo-based parent company is the second- largest Japanese trading house.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg) 
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