Brazil in 2014 is expected to become a net importer of aluminum(5/23/2010)

With Brazil's aluminum consumption has exceeded production in its territory, Brazil is likely to become the 2013-2014 net importer of aluminum products. Sao Paulo, according to participate in the Fourth International Congress of the analysts said, it will be no new investment in order to promote domestic production of the next instance.

As far as Italy analysts said that Brazil could be since the 1960s, for the first time become a net importer of aluminum products. He also pointed out that domestic production of aluminium semi-finished products for the growth rate has more than other economic sectors. However, in order to meet the needs of Brazil, it is imperative to increase supply capacity, and supply capacity in the next few years.

The recently published news reports, although the Brazilian imports more than export volume, but Brazil's year aluminium consumption will be in 2020 from the 6.6% to 9.1%. The Brazilian Aluminum Association forecast Brazilian domestic consumption will increase 21% by 2010.

It is reported that Brazil aluminium imports from aluminium products appear in many forms, such as the growth of air conditioning equipment. Expected compared with last year, aluminium imports will be in 2010 growth of 47%. On the contrary, will reduced at the same time limit, as far as Brazil 19.3% of the Aluminum Association of economic and coordinator of the reported data.
(by China Leiyuan, 5/23/2010)