WBMS Repoort : Global aluminum market was in a 458,000 metric ton surplus

The global aluminum market was in a 458,000 metric ton surplus in the first four months of 2008, the World Bureau of Metal Statistics said Wednesday.

This compares with a 29,000 ton surplus in the same period last year.

Demand for primary aluminum was 12.55 million tons, 464,000 tons more than the equivalent total for January to April 2007.

Production rose 894,000 tons to 13.01 million tons during the same period, the WBMS said.

Impact ; This reprot is slightly negative for Aluminium prices.

Regards,

Kamlesh Jogi