Alcoa expects 7% aluminium demand growth for 2014

United States – For 2014, Alcoa is forecasting a 7% increase in global demand for aluminium as well as a supply shortfall of 930 000 tonnes, which compares to the deficit of 730 000 tonnes projected by the company earlier in the year.

Also in its second-quarter results package, Alcoa anticipates global aerospace growth of 8-9% this year, driven by ′robust demand for both large commercial aircraft and regional jets′. Automotive growth is put at 1-4%, packaging growth at 2-3%, and building and construction growth at 4-6%.

Alcoa continues to expect a steady commercial transportation market in 2014, with growth of between -1% and 3% owing to weakness in the European market. At US$ 5.8 billion, Alcoa′s second-quarter revenues were similar to those recorded in the same period last year but were higher on a sequential basis owing to ′stronger volumes in the mid- and downstream, improved metal pricing and higher energy sales′.

For more information, visit: www.alcoa.com